Owens & Minor (OMI) to Release Earnings on Monday

Owens & Minor (NYSE:OMI) is scheduled to be releasing 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 participating in the company’s earnings conference call can do so using this link.

Owens & Minor (NYSE:OMI) last released its quarterly earnings data on Friday, August 2nd. The company reported $0.36 EPS for the quarter, beating the consensus estimate of $0.33 by $0.03. Owens & Minor had a positive return on equity of 14.66% and a negative net margin of 0.40%. The company had revenue of $2.67 billion during the quarter, compared to the consensus estimate of $2.65 billion. During the same quarter in the prior year, the firm posted $0.18 EPS. The firm’s revenue for the quarter was up 4.2% compared to the same quarter last year. 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 Stock Up 5.1 %

OMI opened at $13.36 on Friday. Owens & Minor has a 1-year low of $12.36 and a 1-year high of $28.35. The stock’s fifty day simple moving average is $14.62 and its 200 day simple moving average is $16.39. The company has a current ratio of 1.09, a quick ratio of 0.51 and a debt-to-equity ratio of 2.17. The stock has a market cap of $1.03 billion, a PE ratio of -23.86, a price-to-earnings-growth ratio of 0.42 and a beta of 0.39.

Analysts Set New Price Targets

Several research analysts have weighed in on the company. Citigroup upgraded Owens & Minor from a “neutral” rating to a “buy” rating and lowered their price objective for the stock from $24.00 to $19.00 in a research report on Friday, July 19th. StockNews.com cut Owens & Minor from a “buy” rating to a “hold” rating in a research report on Monday, August 26th. JPMorgan Chase & Co. decreased their price target 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. Barclays decreased their price target 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, Robert W. Baird decreased their price target 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. Two research analysts have rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $20.00.

About Owens & Minor

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.