Zacks: Analysts Expect Owens & Minor, Inc. (NYSE:OMI) Will Announce Quarterly Sales of $2.49 Billion

Share on StockTwits

Wall Street analysts predict that Owens & Minor, Inc. (NYSE:OMI) will report sales of $2.49 billion for the current quarter, according to Zacks. Two analysts have made estimates for Owens & Minor’s earnings. The lowest sales estimate is $2.47 billion and the highest is $2.52 billion. Owens & Minor reported sales of $2.54 billion during the same quarter last year, which indicates a negative year-over-year growth rate of 2%. The firm is expected to report its next quarterly earnings results on Tuesday, February 18th.

According to Zacks, analysts expect that Owens & Minor will report full-year sales of $9.84 billion for the current fiscal year, with estimates ranging from $9.81 billion to $9.86 billion. For the next year, analysts forecast that the firm will post sales of $9.83 billion, with estimates ranging from $9.76 billion to $9.91 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of research firms that follow Owens & Minor.

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

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

Several institutional investors and hedge funds have recently modified their holdings of the company. BlackRock Inc. lifted its holdings in shares of Owens & Minor by 1.7% during the 2nd quarter. BlackRock Inc. now owns 9,353,164 shares of the company’s stock valued at $29,931,000 after purchasing an additional 153,546 shares during the last quarter. Blackstone Group Inc acquired a new position in shares of Owens & Minor in the 2nd quarter valued at $8,287,000. Invesco Ltd. increased its position in shares of Owens & Minor by 147.3% in the 2nd quarter. Invesco Ltd. now owns 2,404,873 shares of the company’s stock valued at $7,695,000 after acquiring an additional 1,432,480 shares during the period. State Street Corp increased its position in shares of Owens & Minor by 2.9% in the 3rd quarter. State Street Corp now owns 2,248,255 shares of the company’s stock valued at $13,062,000 after acquiring an additional 64,087 shares during the period. Finally, Morgan Stanley increased its position in shares of Owens & Minor by 21.9% in the 2nd quarter. Morgan Stanley now owns 1,803,457 shares of the company’s stock valued at $5,771,000 after acquiring an additional 324,480 shares during the period. Hedge funds and other institutional investors own 88.15% of the company’s stock.

Owens & Minor stock traded up $0.47 during mid-day trading on Monday, reaching $7.54. 1,768,198 shares of the company were exchanged, compared to its average volume of 1,564,962. The business has a fifty day moving average of $6.81 and a 200 day moving average of $4.88. The company has a debt-to-equity ratio of 3.57, a quick ratio of 0.85 and a current ratio of 1.74. The firm has a market cap of $473.90 million, a P/E ratio of 6.56 and a beta of 1.43. Owens & Minor has a 12-month low of $2.43 and a 12-month high of $8.43.

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.

Further Reading: What are trading strategies for the 52-week high/low?

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.



Latest News

State of Alaska Department of Revenue Cuts Holdings in Genesco Inc.
State of Alaska Department of Revenue Cuts Holdings in Genesco Inc.
EnerSys  Shares Sold by State of Alaska Department of Revenue
EnerSys Shares Sold by State of Alaska Department of Revenue
State of Alaska Department of Revenue Acquires 11,247 Shares of Denbury Resources Inc.
State of Alaska Department of Revenue Acquires 11,247 Shares of Denbury Resources Inc.
TTEC Holdings Inc  Shares Purchased by State of Alaska Department of Revenue
TTEC Holdings Inc Shares Purchased by State of Alaska Department of Revenue
State of Alaska Department of Revenue Sells 902 Shares of LiveRamp Holdings
State of Alaska Department of Revenue Sells 902 Shares of LiveRamp Holdings
TELUS Co.  Expected to Announce Quarterly Sales of $2.90 Billion
TELUS Co. Expected to Announce Quarterly Sales of $2.90 Billion


© 2006-2020 Ticker Report