Wall Street brokerages expect Owens & Minor, Inc. (NYSE:OMI) to post earnings per share (EPS) of $0.22 for the current quarter, according to Zacks Investment Research. Two analysts have issued estimates for Owens & Minor’s earnings. The lowest EPS estimate is $0.21 and the highest is $0.23. Owens & Minor posted earnings per share of $0.09 in the same quarter last year, which indicates a positive year over year growth rate of 144.4%. The business is expected to report its next earnings results on Tuesday, February 18th.

According to Zacks, analysts expect that Owens & Minor will report full-year earnings of $0.55 per share for the current year, with EPS estimates ranging from $0.53 to $0.57. For the next financial year, analysts expect that the company will report earnings of $0.70 per share, with EPS estimates ranging from $0.67 to $0.73. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side research analysts that cover Owens & Minor.

Owens & Minor (NYSE:OMI) last issued its earnings results on Wednesday, November 6th. The company reported $0.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.19 by $0.01. Owens & Minor had a positive return on equity of 4.89% and a negative net margin of 2.88%. The business had revenue of $2.40 billion during the quarter, compared to analysts’ expectations of $2.45 billion. During the same quarter in the prior year, the firm earned $0.32 EPS. The business’s revenue for the quarter was down 2.7% compared to the same quarter last year.

Several brokerages have issued reports on OMI. Bank of America upped their price target on shares of Owens & Minor from $4.00 to $7.50 and gave the company a “neutral” rating in a research report on Friday, September 6th. ValuEngine downgraded Owens & Minor from a “strong-buy” rating to a “buy” rating in a report on Tuesday. Finally, Zacks Investment Research lowered Owens & Minor from a “strong-buy” rating to a “hold” rating in a research report on Saturday, November 9th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $6.90.

NYSE OMI traded up $0.03 during trading hours on Friday, reaching $7.01. The company’s stock had a trading volume of 58,258 shares, compared to its average volume of 1,565,050. The firm has a fifty day simple moving average of $6.79 and a 200-day simple moving average of $4.84. The stock has a market cap of $416.08 million, a P/E ratio of 6.10 and a beta of 1.43. Owens & Minor has a 52 week low of $2.43 and a 52 week high of $8.43. The company has a debt-to-equity ratio of 3.57, a current ratio of 1.74 and a quick ratio of 0.85.

Large investors have recently added to or reduced their stakes in the business. Metropolitan Life Insurance Co NY acquired a new position in Owens & Minor in the third quarter valued at approximately $129,000. Voloridge Investment Management LLC bought a new position in shares of Owens & Minor in the third quarter valued at approximately $330,000. Public Employees Retirement System of Ohio bought a new position in shares of Owens & Minor in the third quarter valued at approximately $424,000. Point72 Asset Management L.P. bought a new position in shares of Owens & Minor in the third quarter valued at approximately $1,332,000. Finally, State Street Corp boosted its position in shares of Owens & Minor by 2.9% during the third quarter. State Street Corp now owns 2,248,255 shares of the company’s stock valued at $13,062,000 after buying an additional 64,087 shares during the last quarter. 88.15% of the stock is owned by institutional investors and hedge funds.

Owens & Minor Company Profile

Owens & Minor, Inc, together with its subsidiaries, operates as a healthcare solutions company in the United States and internationally. It operates through two segments, Global Solutions and Global Products. The Global Solutions segment offers a portfolio of products and services to healthcare providers and manufacturers.

Read More: What are popular green investing opportunities?

Get a free copy of the Zacks research report on Owens & Minor (OMI)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Owens & Minor Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Owens & Minor and related companies with MarketBeat.com's FREE daily email newsletter.