Owens & Minor, Inc. (OMI) Expected to Post Quarterly Sales of $2.48 Billion

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Equities analysts predict that Owens & Minor, Inc. (NYSE:OMI) will report $2.48 billion in sales for the current fiscal quarter, according to Zacks Investment Research. Four analysts have issued estimates for Owens & Minor’s earnings. The highest sales estimate is $2.56 billion and the lowest is $2.45 billion. Owens & Minor reported sales of $2.37 billion during the same quarter last year, which would suggest a positive year over year growth rate of 4.6%. The business is scheduled to report its next quarterly earnings report on Thursday, May 9th.

On average, analysts expect that Owens & Minor will report full year sales of $9.91 billion for the current fiscal year, with estimates ranging from $9.85 billion to $10.05 billion. For the next fiscal year, analysts anticipate that the firm will post sales of $9.97 billion, with estimates ranging from $9.88 billion to $10.06 billion. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that follow Owens & Minor.

Owens & Minor (NYSE:OMI) last posted its quarterly earnings results on Tuesday, February 19th. The company reported $0.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.14 by ($0.05). The firm had revenue of $2.54 billion for the quarter, compared to analysts’ expectations of $2.51 billion. Owens & Minor had a positive return on equity of 8.99% and a negative net margin of 4.44%. The company’s revenue for the quarter was up 6.4% on a year-over-year basis. During the same period in the prior year, the company earned $0.38 earnings per share.

Several research analysts have weighed in on the stock. Jefferies Financial Group restated a “hold” rating and set a $7.00 target price on shares of Owens & Minor in a research report on Thursday, February 21st. Barclays restated a “sell” rating and set a $5.00 target price on shares of Owens & Minor in a research report on Thursday, February 21st. Zacks Investment Research lowered shares of Owens & Minor from a “hold” rating to a “sell” rating in a research report on Tuesday, January 8th. ValuEngine upgraded shares of Owens & Minor from a “strong sell” rating to a “sell” rating in a research report on Wednesday, March 6th. Finally, Bank of America lowered their target price on shares of Owens & Minor from $11.00 to $7.00 and set a “neutral” rating on the stock in a research report on Thursday, January 3rd. Three investment analysts have rated the stock with a sell rating and four have issued a hold rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $7.20.

Shares of OMI opened at $4.26 on Tuesday. The company has a current ratio of 1.72, a quick ratio of 0.85 and a debt-to-equity ratio of 3.18. Owens & Minor has a twelve month low of $4.15 and a twelve month high of $19.16. The stock has a market cap of $271.37 million, a price-to-earnings ratio of 3.70, a P/E/G ratio of 2.00 and a beta of 1.72.

The business also recently announced a quarterly dividend, which will be paid on Friday, March 29th. Shareholders of record on Friday, March 15th will be given a dividend of $0.0025 per share. The ex-dividend date of this dividend is Thursday, March 14th. This represents a $0.01 annualized dividend and a yield of 0.23%. Owens & Minor’s payout ratio is currently 0.87%.

Several hedge funds have recently added to or reduced their stakes in OMI. FMR LLC grew its position in shares of Owens & Minor by 159,300.0% in the fourth quarter. FMR LLC now owns 4,782 shares of the company’s stock valued at $30,000 after purchasing an additional 4,779 shares during the last quarter. First Allied Advisory Services Inc. acquired a new stake in shares of Owens & Minor in the fourth quarter valued at approximately $71,000. Magnus Financial Group LLC acquired a new stake in shares of Owens & Minor in the fourth quarter valued at approximately $80,000. Campbell & CO Investment Adviser LLC acquired a new stake in shares of Owens & Minor in the fourth quarter valued at approximately $85,000. Finally, Menta Capital LLC acquired a new stake in shares of Owens & Minor in the fourth quarter valued at approximately $85,000. Institutional investors and hedge funds own 96.54% of the company’s stock.

About Owens & Minor

Owens & Minor, Inc, together with its subsidiaries, operates as a healthcare services company in the United States, the United Kingdom, Ireland, France, Germany, and other European countries. It operates through three segments: Domestic, International, and Proprietary Products. The company offers supply chain assistance to the providers of healthcare services; and the manufacturers of healthcare products, supplies, and devices.

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