Owens & Minor, Inc. (OMI) Expected to Post Quarterly Sales of $2.45 Billion
Brokerages forecast that Owens & Minor, Inc. (NYSE:OMI) will report sales of $2.45 billion for the current quarter, Zacks Investment Research reports. Four analysts have provided estimates for Owens & Minor’s earnings, with the highest sales estimate coming in at $2.53 billion and the lowest estimate coming in at $2.40 billion. Owens & Minor reported sales of $2.37 billion during the same quarter last year, which indicates a positive year-over-year growth rate of 3.4%. The business is scheduled to report its next earnings results on Tuesday, February 13th.
According to Zacks, analysts expect that Owens & Minor will report full year sales of $2.45 billion for the current financial year, with estimates ranging from $9.33 billion to $9.46 billion. For the next year, analysts expect that the business will report sales of $10.31 billion per share, with estimates ranging from $10.08 billion to $10.48 billion. Zacks’ sales calculations are an average based on a survey of sell-side research firms that follow Owens & Minor.
Owens & Minor (NYSE:OMI) last announced its quarterly earnings results on Wednesday, November 1st. The company reported $0.40 EPS for the quarter, missing the Zacks’ consensus estimate of $0.50 by ($0.10). The business had revenue of $2.33 billion for the quarter, compared to the consensus estimate of $2.40 billion. Owens & Minor had a net margin of 0.83% and a return on equity of 10.85%. The business’s revenue for the quarter was down 3.4% compared to the same quarter last year. During the same quarter last year, the firm posted $0.51 EPS.
A number of brokerages have commented on OMI. Zacks Investment Research lowered shares of Owens & Minor from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 4th. Robert W. Baird reiterated a “hold” rating and issued a $28.00 target price on shares of Owens & Minor in a research note on Thursday, October 12th. Leerink Swann reiterated a “market perform” rating and issued a $23.00 target price (down previously from $34.00) on shares of Owens & Minor in a research note on Thursday, November 2nd. Finally, Credit Suisse Group reiterated an “underperform” rating and issued a $17.00 target price (down previously from $31.00) on shares of Owens & Minor in a research note on Monday, November 20th. Three research analysts have rated the stock with a sell rating and four have given a hold rating to the company’s stock. Owens & Minor has a consensus rating of “Hold” and a consensus price target of $27.25.
Shares of Owens & Minor (OMI) traded up $0.03 during mid-day trading on Friday, reaching $19.37. 1,099,059 shares of the company’s stock were exchanged, compared to its average volume of 837,845. The company has a market cap of $1,185.18, a price-to-earnings ratio of 10.99, a PEG ratio of 2.07 and a beta of 0.87. The company has a quick ratio of 0.95, a current ratio of 1.77 and a debt-to-equity ratio of 0.91. Owens & Minor has a fifty-two week low of $17.75 and a fifty-two week high of $37.02.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Friday, December 15th will be paid a $0.2575 dividend. The ex-dividend date is Thursday, December 14th. This represents a $1.03 annualized dividend and a dividend yield of 5.32%. Owens & Minor’s payout ratio is 80.47%.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Flinton Capital Management LLC grew its stake in shares of Owens & Minor by 62.7% in the 2nd quarter. Flinton Capital Management LLC now owns 3,904 shares of the company’s stock worth $126,000 after acquiring an additional 1,504 shares in the last quarter. Creative Planning grew its stake in shares of Owens & Minor by 2.9% in the 2nd quarter. Creative Planning now owns 4,021 shares of the company’s stock worth $129,000 after acquiring an additional 113 shares in the last quarter. Legg Mason Asset Management Japan Co. Ltd. bought a new stake in shares of Owens & Minor in the 2nd quarter worth $171,000. Riverhead Capital Management LLC grew its position in Owens & Minor by 65.6% during the second quarter. Riverhead Capital Management LLC now owns 6,128 shares of the company’s stock valued at $197,000 after buying an additional 2,428 shares during the period. Finally, ING Groep NV bought a new position in Owens & Minor during the second quarter valued at about $240,000. Hedge funds and other institutional investors own 97.71% of the company’s stock.
About Owens & Minor
Owens & Minor, Inc is a healthcare services company that connects the world of medical products to the point of care. The Company provides supply chain assistance to the providers of healthcare services and the manufacturers of healthcare products, supplies and devices. The Company’s segments include Domestic, International and Clinical & Procedural Solutions (CPS).
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