Owens & Minor, Inc. (NYSE:OMI) Expected to Announce Earnings of $0.22 Per Share

Equities analysts expect Owens & Minor, Inc. (NYSE:OMI) to report earnings per share of $0.22 for the current fiscal quarter, Zacks Investment Research reports. Two analysts have issued estimates for Owens & Minor’s earnings. The highest EPS estimate is $0.23 and the lowest is $0.21. Owens & Minor posted earnings of $0.09 per share during the same quarter last year, which would indicate a positive year-over-year growth rate of 144.4%. The business is scheduled to report its next quarterly earnings report on Tuesday, February 18th.

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

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

Several analysts have recently issued reports on OMI shares. ValuEngine raised shares of Owens & Minor from a “hold” rating to a “buy” rating in a research report on Tuesday, October 1st. Bank of America increased their price target on shares of Owens & Minor from $4.00 to $7.50 and gave the stock a “neutral” rating in a research report on Friday, September 6th. Finally, Zacks Investment Research cut shares of Owens & Minor from a “strong-buy” rating to a “hold” rating in a research report on Saturday, November 9th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $6.90.

Several institutional investors and hedge funds have recently modified their holdings of OMI. First Trust Advisors LP purchased a new stake in shares of Owens & Minor during the first quarter worth approximately $56,000. Strs Ohio increased its stake in shares of Owens & Minor by 7.5% during the second quarter. Strs Ohio now owns 98,600 shares of the company’s stock worth $315,000 after buying an additional 6,900 shares during the period. Systematic Financial Management LP increased its stake in shares of Owens & Minor by 37.1% during the second quarter. Systematic Financial Management LP now owns 289,205 shares of the company’s stock worth $925,000 after buying an additional 78,210 shares during the period. Gabelli Funds LLC increased its stake in shares of Owens & Minor by 14.8% during the second quarter. Gabelli Funds LLC now owns 189,800 shares of the company’s stock worth $607,000 after buying an additional 24,500 shares during the period. Finally, Stone Ridge Asset Management LLC purchased a new stake in shares of Owens & Minor during the second quarter worth approximately $50,000. 88.15% of the stock is currently owned by institutional investors and hedge funds.

NYSE OMI traded up $0.03 during trading hours on Friday, reaching $6.62. The company had a trading volume of 526,386 shares, compared to its average volume of 1,591,705. The stock has a market capitalization of $405.39 million, a P/E ratio of 5.76 and a beta of 1.45. Owens & Minor has a 1-year low of $2.43 and a 1-year high of $8.43. The company has a current ratio of 1.74, a quick ratio of 0.85 and a debt-to-equity ratio of 3.57. The stock has a 50-day moving average of $6.76 and a 200 day moving average of $4.77.

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.

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