Owens & Minor, Inc. (NYSE:OMI) Expected to Post Earnings of $0.95 Per Share


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Wall Street analysts expect Owens & Minor, Inc. (NYSE:OMI) to report earnings per share of $0.95 for the current fiscal quarter, according to Zacks Investment Research. Two analysts have issued estimates for Owens & Minor’s earnings, with the highest EPS estimate coming in at $0.96 and the lowest estimate coming in at $0.95. Owens & Minor reported earnings of $0.04 per share in the same quarter last year, which indicates a positive year-over-year growth rate of 2,275%. The business is expected to announce its next earnings results on Wednesday, May 5th.

On average, analysts expect that Owens & Minor will report full-year earnings of $3.30 per share for the current year, with EPS estimates ranging from $3.27 to $3.36. For the next financial year, analysts expect that the business will report earnings of $3.32 per share, with EPS estimates ranging from $3.10 to $3.46. Zacks’ EPS calculations are an average based on a survey of sell-side research firms that follow Owens & Minor.

Owens & Minor (NYSE:OMI) last issued its earnings results on Wednesday, February 24th. The company reported $1.14 EPS for the quarter, topping analysts’ consensus estimates of $0.86 by $0.28. The company had revenue of $2.36 billion for the quarter, compared to analysts’ expectations of $2.17 billion. Owens & Minor had a negative net margin of 0.72% and a positive return on equity of 18.07%.

A number of brokerages recently commented on OMI. Smith Barney Citigroup began coverage on shares of Owens & Minor in a research report on Friday, December 11th. They issued a “neutral” rating and a $30.00 target price on the stock. Robert W. Baird upgraded shares of Owens & Minor to an “outperform” rating and lifted their target price for the stock from $45.00 to $50.00 in a research report on Friday, March 26th. Barclays lifted their target price on shares of Owens & Minor from $23.00 to $33.00 and gave the stock an “equal weight” rating in a research report on Thursday, February 25th. UBS Group raised shares of Owens & Minor from a “neutral” rating to a “buy” rating and raised their price target for the stock from $27.00 to $37.00 in a report on Thursday, December 17th. Finally, Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell assumed coverage on shares of Owens & Minor in a report on Friday, December 11th. They issued a “neutral” rating and a $30.00 price target on the stock. Five investment analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. Owens & Minor has an average rating of “Buy” and an average target price of $28.45.

In other news, insider Christopher M. Lowery sold 28,078 shares of Owens & Minor stock in a transaction dated Monday, April 5th. The shares were sold at an average price of $37.92, for a total transaction of $1,064,717.76. Following the sale, the insider now owns 327,659 shares of the company’s stock, valued at approximately $12,424,829.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Shana Carol Neal sold 12,578 shares of Owens & Minor stock in a transaction dated Monday, March 29th. The shares were sold at an average price of $37.85, for a total transaction of $476,077.30. Following the sale, the insider now directly owns 168,674 shares in the company, valued at approximately $6,384,310.90. The disclosure for this sale can be found here. In the last three months, insiders sold 55,447 shares of company stock worth $1,984,139. Insiders own 2.15% of the company’s stock.

Institutional investors and hedge funds have recently made changes to their positions in the company. Graves Light Private Wealth Management Inc. bought a new stake in shares of Owens & Minor during the 4th quarter valued at about $25,000. Perigon Wealth Management LLC purchased a new position in Owens & Minor during the 4th quarter valued at about $54,000. Veriti Management LLC purchased a new position in Owens & Minor during the 4th quarter valued at about $72,000. Canal Capital Management LLC purchased a new position in Owens & Minor during the 4th quarter valued at about $205,000. Finally, Profund Advisors LLC purchased a new position in Owens & Minor during the 4th quarter valued at about $213,000. 72.98% of the stock is currently owned by hedge funds and other institutional investors.

NYSE:OMI traded down $0.21 during trading hours on Friday, reaching $37.21. The company’s stock had a trading volume of 17,479 shares, compared to its average volume of 1,290,262. The firm has a market capitalization of $2.74 billion, a price-to-earnings ratio of -37.80, a PEG ratio of 0.24 and a beta of 0.26. The firm has a 50-day simple moving average of $34.31 and a 200-day simple moving average of $28.16. Owens & Minor has a 1 year low of $5.50 and a 1 year high of $39.45. The company has a debt-to-equity ratio of 2.44, a quick ratio of 0.70 and a current ratio of 1.47.

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 31st. Shareholders of record on Monday, March 15th were issued a $0.002 dividend. This represents a $0.01 dividend on an annualized basis and a yield of 0.02%. The ex-dividend date of this dividend was Friday, March 12th. Owens & Minor’s dividend payout ratio (DPR) is presently 1.79%.

About Owens & Minor

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.

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