Q4 2018 EPS Estimates for Owens & Minor, Inc. Lowered by Analyst (OMI)

Owens & Minor, Inc. (NYSE:OMI) – Research analysts at Jefferies Financial Group decreased their Q4 2018 EPS estimates for shares of Owens & Minor in a research note issued on Wednesday, October 31st. Jefferies Financial Group analyst S. Dodge now anticipates that the company will earn $0.16 per share for the quarter, down from their previous estimate of $0.35. Jefferies Financial Group currently has a “Hold” rating and a $8.50 target price on the stock. Jefferies Financial Group also issued estimates for Owens & Minor’s FY2019 earnings at $1.15 EPS.

Owens & Minor (NYSE:OMI) last issued its quarterly earnings data on Wednesday, October 31st. The company reported $0.32 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.32. The company had revenue of $2.46 billion for the quarter, compared to analyst estimates of $2.54 billion. Owens & Minor had a negative net margin of 1.57% and a positive return on equity of 9.11%. Owens & Minor’s revenue was up 5.6% compared to the same quarter last year. During the same period last year, the company posted $0.40 earnings per share.

OMI has been the topic of several other reports. Zacks Investment Research lowered shares of Owens & Minor from a “hold” rating to a “sell” rating in a report on Wednesday, July 11th. Bank of America lowered shares of Owens & Minor from a “buy” rating to a “neutral” rating in a report on Wednesday, October 31st. Leerink Swann set a $9.00 price objective on shares of Owens & Minor and gave the company a “hold” rating in a report on Wednesday, October 31st. Finally, Barclays reissued an “underweight” rating and set a $8.00 price objective (down from $12.00) on shares of Owens & Minor in a report on Thursday. Five equities research analysts have rated the stock with a sell rating and three have assigned a hold rating to the company’s stock. The company presently has a consensus rating of “Sell” and a consensus price target of $13.58.

Shares of OMI stock opened at $9.41 on Monday. The company has a market cap of $586.41 million, a P/E ratio of 5.84, a price-to-earnings-growth ratio of 1.61 and a beta of 1.66. The company has a debt-to-equity ratio of 2.08, a quick ratio of 0.91 and a current ratio of 1.77. Owens & Minor has a 52-week low of $7.86 and a 52-week high of $22.91.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 2nd. Shareholders of record on Monday, December 17th will be issued a $0.075 dividend. This represents a $0.30 annualized dividend and a yield of 3.19%. The ex-dividend date of this dividend is Friday, December 14th. Owens & Minor’s dividend payout ratio is currently 64.60%.

In other Owens & Minor news, SVP Geoff Taylor Marlatt sold 8,516 shares of Owens & Minor stock in a transaction on Thursday, August 16th. The shares were sold at an average price of $15.50, for a total value of $131,998.00. Following the transaction, the senior vice president now directly owns 34,359 shares of the company’s stock, valued at $532,564.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Charles C. Colpo sold 11,000 shares of Owens & Minor stock in a transaction on Monday, August 27th. The stock was sold at an average price of $16.87, for a total transaction of $185,570.00. Following the completion of the transaction, the senior vice president now directly owns 20,944 shares in the company, valued at $353,325.28. The disclosure for this sale can be found here. Insiders sold 31,516 shares of company stock worth $513,288 over the last ninety days. Corporate insiders own 1.68% of the company’s stock.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Cambridge Investment Research Advisors Inc. purchased a new stake in shares of Owens & Minor during the third quarter worth about $900,000. Wells Fargo & Company MN increased its stake in shares of Owens & Minor by 32.8% during the third quarter. Wells Fargo & Company MN now owns 694,779 shares of the company’s stock worth $11,479,000 after purchasing an additional 171,561 shares in the last quarter. Engineers Gate Manager LP increased its stake in shares of Owens & Minor by 30.7% during the third quarter. Engineers Gate Manager LP now owns 112,467 shares of the company’s stock worth $1,858,000 after purchasing an additional 26,393 shares in the last quarter. Smith Graham & Co. Investment Advisors LP increased its stake in shares of Owens & Minor by 18.9% during the third quarter. Smith Graham & Co. Investment Advisors LP now owns 793,375 shares of the company’s stock worth $13,107,000 after purchasing an additional 125,890 shares in the last quarter. Finally, Gilman Hill Asset Management LLC increased its stake in shares of Owens & Minor by 7.5% during the third quarter. Gilman Hill Asset Management LLC now owns 215,816 shares of the company’s stock worth $3,565,000 after purchasing an additional 15,010 shares in the last quarter. 88.92% of the stock is currently owned by institutional investors and hedge funds.

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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Earnings History and Estimates for Owens & Minor (NYSE:OMI)

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