Owens & Minor, Inc. (OMI) Expected to Announce Earnings of $0.47 Per Share
Brokerages forecast that Owens & Minor, Inc. (NYSE:OMI) will announce earnings of $0.47 per share for the current fiscal quarter, Zacks reports. Three analysts have issued estimates for Owens & Minor’s earnings, with the lowest EPS estimate coming in at $0.43 and the highest estimate coming in at $0.51. Owens & Minor reported earnings per share of $0.41 in the same quarter last year, which suggests a positive year over year growth rate of 14.6%. The firm is scheduled to announce its next quarterly earnings results on Tuesday, May 1st.
According to Zacks, analysts expect that Owens & Minor will report full year earnings of $2.05 per share for the current financial year, with EPS estimates ranging from $2.00 to $2.10. For the next year, analysts forecast that the firm will post earnings of $2.28 per share, with EPS estimates ranging from $2.18 to $2.35. Zacks’ EPS averages are an average based on a survey of research analysts that cover Owens & Minor.
Owens & Minor (NYSE:OMI) last released its quarterly earnings data on Wednesday, February 14th. The company reported $0.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.34 by $0.01. Owens & Minor had a net margin of 0.78% and a return on equity of 9.63%. The business had revenue of $2.39 billion during the quarter, compared to analyst estimates of $2.34 billion. During the same quarter in the previous year, the business earned $0.52 EPS. Owens & Minor’s quarterly revenue was up .9% compared to the same quarter last year.
Shares of Owens & Minor (OMI) traded up $0.48 on Wednesday, reaching $16.08. 2,271,400 shares of the company traded hands, compared to its average volume of 1,640,052. The company has a market cap of $984.89, a P/E ratio of 13.40, a PEG ratio of 1.50 and a beta of 0.92. Owens & Minor has a 12-month low of $14.26 and a 12-month high of $36.73. The company has a quick ratio of 0.91, a current ratio of 1.67 and a debt-to-equity ratio of 0.89.
The business also recently announced a quarterly dividend, which will be paid on Friday, March 30th. Stockholders of record on Thursday, March 15th will be given a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a dividend yield of 6.47%. This is a positive change from Owens & Minor’s previous quarterly dividend of $0.26. The ex-dividend date is Wednesday, March 14th. Owens & Minor’s dividend payout ratio is presently 85.83%.
Several hedge funds have recently made changes to their positions in the company. Eqis Capital Management Inc. increased its position in Owens & Minor by 141.5% during the third quarter. Eqis Capital Management Inc. now owns 18,184 shares of the company’s stock worth $531,000 after acquiring an additional 10,653 shares during the period. Alps Advisors Inc. purchased a new position in shares of Owens & Minor in the 4th quarter worth about $466,000. Opus Capital Group LLC purchased a new position in shares of Owens & Minor in the 4th quarter worth about $2,937,000. Old Mutual Global Investors UK Ltd. purchased a new stake in Owens & Minor during the third quarter valued at about $899,000. Finally, KBC Group NV purchased a new stake in Owens & Minor during the third quarter valued at about $2,283,000. Institutional investors own 98.32% of the company’s stock.
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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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