Brokerages expect Owens & Minor, Inc. (NYSE:OMI) to post sales of $2.54 billion for the current quarter, Zacks reports. Four analysts have made estimates for Owens & Minor’s earnings, with the highest sales estimate coming in at $2.59 billion and the lowest estimate coming in at $2.49 billion. Owens & Minor reported sales of $2.33 billion in the same quarter last year, which indicates a positive year-over-year growth rate of 9%. The business is expected to announce its next quarterly earnings results on Wednesday, November 7th.
According to Zacks, analysts expect that Owens & Minor will report full year sales of $9.98 billion for the current financial year, with estimates ranging from $9.90 billion to $10.10 billion. For the next year, analysts anticipate that the firm will post sales of $10.31 billion, with estimates ranging from $10.18 billion to $10.58 billion. Zacks’ sales averages 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 Tuesday, August 7th. The company reported $0.32 EPS for the quarter, missing the Zacks’ consensus estimate of $0.46 by ($0.14). The firm had revenue of $2.46 billion for the quarter, compared to analysts’ expectations of $2.45 billion. Owens & Minor had a positive return on equity of 9.47% and a negative net margin of 1.47%.
Separately, Zacks Investment Research downgraded Owens & Minor from a “hold” rating to a “sell” rating in a research report on Wednesday, July 11th. Five investment analysts have rated the stock with a sell rating, one has given a hold rating and one has assigned a buy rating to the company. The stock currently has a consensus rating of “Sell” and a consensus target price of $19.00.
In other news, SVP Charles C. Colpo sold 12,000 shares of the company’s stock in a transaction on Monday, August 20th. The stock was sold at an average price of $16.31, for a total value of $195,720.00. Following the sale, the senior vice president now directly owns 31,944 shares in the company, valued at $521,006.64. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Charles C. Colpo sold 11,000 shares of the company’s stock in a transaction on Monday, August 27th. The shares were sold at an average price of $16.87, for a total value of $185,570.00. Following the completion of the sale, the senior vice president now owns 20,944 shares in the company, valued at $353,325.28. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 31,516 shares of company stock worth $513,288. 2.04% of the stock is owned by company insiders.
Several large investors have recently modified their holdings of OMI. Silvercrest Asset Management Group LLC purchased a new stake in shares of Owens & Minor in the first quarter valued at $164,000. Itau Unibanco Holding S.A. purchased a new stake in shares of Owens & Minor in the second quarter valued at $170,000. Xact Kapitalforvaltning AB purchased a new stake in shares of Owens & Minor in the first quarter valued at $171,000. Bayesian Capital Management LP purchased a new stake in shares of Owens & Minor in the first quarter valued at $181,000. Finally, Summit X LLC purchased a new stake in shares of Owens & Minor in the second quarter valued at $181,000. Institutional investors and hedge funds own 89.18% of the company’s stock.
OMI traded down $0.69 during trading on Monday, reaching $15.12. 45,708 shares of the stock were exchanged, compared to its average volume of 1,060,239. The company has a debt-to-equity ratio of 2.08, a quick ratio of 0.91 and a current ratio of 1.77. The company has a market cap of $1.03 billion, a price-to-earnings ratio of 9.34, a PEG ratio of 1.53 and a beta of 1.02. Owens & Minor has a 1 year low of $14.07 and a 1 year high of $29.36.
The company also recently announced a quarterly dividend, which was paid on Monday, October 1st. Shareholders of record on Monday, September 17th were given a dividend of $0.26 per share. The ex-dividend date of this dividend was Friday, September 14th. This represents a $1.04 dividend on an annualized basis and a yield of 6.88%. Owens & Minor’s payout ratio is 64.60%.
Owens & Minor Company Profile
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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