Owens & Minor (OMI) to Release Earnings on Monday

Owens & Minor (NYSE:OMI) will release its earnings data before the market opens on Monday, November 4th. Analysts expect Owens & Minor to post earnings of $0.40 per share for the quarter. Persons interested in listening to the company’s earnings conference call can do so using this link.

Owens & Minor (NYSE:OMI) last issued its earnings results on Friday, August 2nd. The company reported $0.36 earnings per share for the quarter, beating the consensus estimate of $0.33 by $0.03. The company had revenue of $2.67 billion during the quarter, compared to analysts’ expectations of $2.65 billion. Owens & Minor had a positive return on equity of 14.66% and a negative net margin of 0.40%. Owens & Minor’s quarterly revenue was up 4.2% compared to the same quarter last year. During the same period in the prior year, the business posted $0.18 EPS. On average, analysts expect Owens & Minor to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Owens & Minor Trading Up 5.1 %

Shares of OMI stock opened at $13.36 on Friday. The stock has a market capitalization of $1.03 billion, a PE ratio of -23.86, a P/E/G ratio of 0.42 and a beta of 0.39. Owens & Minor has a 1-year low of $12.36 and a 1-year high of $28.35. The business has a 50-day moving average of $14.62 and a 200 day moving average of $16.39. The company has a debt-to-equity ratio of 2.17, a current ratio of 1.09 and a quick ratio of 0.51.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. JPMorgan Chase & Co. cut their price objective on Owens & Minor from $22.00 to $18.00 and set an “underweight” rating on the stock in a research report on Wednesday, August 21st. Robert W. Baird cut their price objective on Owens & Minor from $20.00 to $19.00 and set a “neutral” rating on the stock in a research report on Tuesday, July 16th. Citigroup upgraded Owens & Minor from a “neutral” rating to a “buy” rating and cut their price objective for the stock from $24.00 to $19.00 in a research report on Friday, July 19th. Barclays cut their price objective on Owens & Minor from $23.00 to $18.00 and set an “equal weight” rating on the stock in a research report on Monday, August 5th. Finally, StockNews.com lowered Owens & Minor from a “buy” rating to a “hold” rating in a research report on Monday, August 26th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, Owens & Minor currently has a consensus rating of “Hold” and a consensus target price of $20.00.

Owens & Minor Company Profile

Owens & Minor, Inc, together with its subsidiaries, operates as a healthcare solutions company worldwide. It operates through Products & Healthcare Services and Patient Direct segments. The Products & Healthcare Services segment offers a portfolio of products and services to healthcare providers and manufacturers.