Equities Analysts Issue Forecasts for Owens & Minor, Inc.’s Q1 2018 Earnings (OMI)

Owens & Minor, Inc. (NYSE:OMI) – Equities research analysts at Jefferies Group issued their Q1 2018 earnings per share estimates for shares of Owens & Minor in a report issued on Wednesday. Jefferies Group analyst S. Dodge expects that the company will post earnings of $0.51 per share for the quarter. Jefferies Group also issued estimates for Owens & Minor’s Q2 2018 earnings at $0.51 EPS, Q3 2018 earnings at $0.52 EPS, Q4 2018 earnings at $0.57 EPS, FY2018 earnings at $2.10 EPS and FY2019 earnings at $2.18 EPS.

A number of other brokerages also recently issued reports on OMI. Zacks Investment Research downgraded Owens & Minor from a “hold” rating to a “strong sell” rating in a research report on Friday, December 22nd. ValuEngine downgraded Owens & Minor from a “buy” rating to a “hold” rating in a research report on Sunday, December 31st. Leerink Swann reiterated a “market perform” rating and set a $23.00 price target (down previously from $34.00) on shares of Owens & Minor in a research report on Thursday, November 2nd. Credit Suisse Group reiterated an “underperform” rating and set a $17.00 price target (down previously from $31.00) on shares of Owens & Minor in a research report on Monday, November 20th. Finally, JPMorgan Chase & Co. reiterated an “underweight” rating and set a $22.00 price target on shares of Owens & Minor in a research report on Tuesday, December 19th. Five research analysts have rated the stock with a sell rating and four have issued a hold rating to the company’s stock. The stock presently has a consensus rating of “Sell” and an average price target of $26.50.

Owens & Minor (NYSE OMI) opened at $15.33 on Thursday. The stock has a market capitalization of $915.07, a P/E ratio of 8.49, a price-to-earnings-growth ratio of 1.41 and a beta of 0.92. The company has a current ratio of 1.77, a quick ratio of 0.95 and a debt-to-equity ratio of 0.91. Owens & Minor has a 1 year low of $14.26 and a 1 year high of $36.73.

Owens & Minor (NYSE:OMI) last issued its quarterly earnings results on Wednesday, February 14th. The company reported $0.35 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.01). The business had revenue of $2.39 billion for the quarter, compared to analysts’ expectations of $2.34 billion. Owens & Minor had a return on equity of 10.85% and a net margin of 0.83%. The business’s revenue for the quarter was up .9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.52 EPS.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in OMI. Thrivent Financial For Lutherans lifted its position in shares of Owens & Minor by 8.9% in the second quarter. Thrivent Financial For Lutherans now owns 12,370 shares of the company’s stock valued at $398,000 after acquiring an additional 1,010 shares in the last quarter. UBS Asset Management Americas Inc. lifted its position in shares of Owens & Minor by 1.6% in the second quarter. UBS Asset Management Americas Inc. now owns 52,856 shares of the company’s stock valued at $1,701,000 after acquiring an additional 834 shares in the last quarter. Stifel Financial Corp lifted its position in shares of Owens & Minor by 75.8% in the second quarter. Stifel Financial Corp now owns 10,285 shares of the company’s stock valued at $332,000 after acquiring an additional 4,433 shares in the last quarter. QS Investors LLC lifted its position in shares of Owens & Minor by 22.7% in the second quarter. QS Investors LLC now owns 9,737 shares of the company’s stock valued at $313,000 after acquiring an additional 1,803 shares in the last quarter. Finally, Royal Bank of Canada lifted its position in shares of Owens & Minor by 61.5% in the second quarter. Royal Bank of Canada now owns 43,277 shares of the company’s stock valued at $1,393,000 after acquiring an additional 16,476 shares in the last quarter. Institutional investors and hedge funds own 94.23% of the company’s stock.

The company 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 $0.26 dividend. This represents a $1.04 annualized dividend and a dividend yield of 6.78%. The ex-dividend date is Wednesday, March 14th. This is an increase from Owens & Minor’s previous quarterly dividend of $0.26. Owens & Minor’s dividend payout ratio (DPR) is 80.47%.

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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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