Owens & Minor (NYSE:OMI) is scheduled to post its quarterly earnings results before the market opens on Wednesday, August 7th. Analysts expect Owens & Minor to post earnings of $0.07 per share for the quarter. Owens & Minor has set its FY 2019 guidance at $0.60-0.75 EPS and its FY19 guidance at $0.60-0.75 EPS.
Owens & Minor (NYSE:OMI) last posted its earnings results on Tuesday, May 7th. The company reported $0.02 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.04 by ($0.02). Owens & Minor had a negative net margin of 4.63% and a positive return on equity of 6.92%. The business had revenue of $2.46 billion for the quarter, compared to analysts’ expectations of $2.45 billion. During the same quarter last year, the business posted $0.43 earnings per share. The business’s revenue was up 3.7% compared to the same quarter last year. On average, analysts expect Owens & Minor to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.
NYSE:OMI traded up $0.04 during mid-day trading on Thursday, hitting $2.75. 8,675 shares of the company’s stock traded hands, compared to its average volume of 781,110. The company has a current ratio of 1.75, a quick ratio of 0.89 and a debt-to-equity ratio of 3.67. The business has a 50 day simple moving average of $2.95. Owens & Minor has a 1 year low of $2.43 and a 1 year high of $19.16. The stock has a market capitalization of $166.78 million, a P/E ratio of 2.38, a PEG ratio of 1.06 and a beta of 1.74.
Several equities analysts have weighed in on the stock. ValuEngine upgraded shares of Owens & Minor from a “sell” rating to a “hold” rating in a report on Tuesday, July 2nd. Zacks Investment Research upgraded shares of Owens & Minor from a “hold” rating to a “buy” rating and set a $3.25 target price for the company in a report on Friday, July 19th. Finally, Bank of America restated a “neutral” rating and set a $4.50 target price (down from $7.00) on shares of Owens & Minor in a report on Wednesday, April 10th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $6.13.
About Owens & Minor
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.
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