Owens & Minor, Inc. (NYSE:OMI) issued an update on its FY17 earnings guidance on Tuesday morning. The company provided EPS guidance of $1.90-$2.00 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.78. Owens & Minor also updated its FY18 guidance to $2.25-$2.35 EPS.
Owens & Minor, Inc. (NYSE:OMI) traded up 0.33% on Friday, reaching $27.60. 1,267,390 shares of the company’s stock traded hands. Owens & Minor, Inc. has a 52-week low of $27.23 and a 52-week high of $37.02. The firm’s 50 day moving average price is $30.65 and its 200 day moving average price is $33.09. The firm has a market capitalization of $1.69 billion, a PE ratio of 17.56 and a beta of 1.01.
Owens & Minor (NYSE:OMI) last released its quarterly earnings data on Tuesday, August 1st. The company reported $0.43 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.43. The business had revenue of $2.27 billion for the quarter, compared to the consensus estimate of $2.38 billion. Owens & Minor had a net margin of 1.02% and a return on equity of 11.64%. The company’s revenue was down 8.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.52 earnings per share. On average, analysts predict that Owens & Minor, Inc. will post $1.92 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 15th will be issued a dividend of $0.2575 per share. This represents a $1.03 annualized dividend and a yield of 3.73%. The ex-dividend date is Thursday, September 14th. Owens & Minor’s dividend payout ratio (DPR) is presently 65.19%.
A number of equities research analysts have recently issued reports on the stock. BidaskClub raised shares of Owens & Minor from a sell rating to a hold rating in a report on Tuesday, June 13th. Zacks Investment Research raised shares of Owens & Minor from a sell rating to a hold rating in a report on Wednesday, July 5th. Jefferies Group LLC reissued a hold rating and issued a $32.00 price target (down from $36.00) on shares of Owens & Minor in a report on Wednesday, August 9th. UBS AG reissued a sell rating and issued a $29.50 price target (down from $30.50) on shares of Owens & Minor in a report on Wednesday, August 9th. Finally, TheStreet downgraded shares of Owens & Minor from a b rating to a c+ rating in a report on Thursday, May 4th. Three analysts have rated the stock with a sell rating, one has assigned a hold rating and one has given a buy rating to the company’s stock. The company has a consensus rating of Hold and an average target price of $31.88.
In other Owens & Minor news, SVP Erika T. Davis sold 9,317 shares of the stock in a transaction that occurred on Tuesday, May 23rd. The shares were sold at an average price of $32.26, for a total transaction of $300,566.42. Following the transaction, the senior vice president now directly owns 63,979 shares in the company, valued at $2,063,962.54. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Rony Camil Kordahi sold 2,231 shares of the stock in a transaction that occurred on Wednesday, May 24th. The shares were sold at an average price of $32.07, for a total transaction of $71,548.17. Following the transaction, the executive vice president now owns 27,555 shares in the company, valued at $883,688.85. The disclosure for this sale can be found here. 1.68% of the stock is currently owned by corporate insiders.
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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