Owens & Minor, Inc. (NYSE:OMI) - Investment analysts at Jefferies Group boosted their Q3 2017 earnings per share estimates for shares of Owens & Minor in a note issued to investors on Thursday. Jefferies Group analyst S. Dodge now forecasts that the company will earn $0.50 per share for the quarter, up from their previous forecast of $0.44. Jefferies Group has a “Hold” rating and a $36.00 price objective on the stock. Jefferies Group also issued estimates for Owens & Minor’s Q4 2017 earnings at $0.54 EPS and FY2018 earnings at $2.20 EPS.
Owens & Minor (NYSE:OMI) last posted its quarterly earnings results on Tuesday, August 1st. The company reported $0.43 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.43. Owens & Minor had a return on equity of 11.64% and a net margin of 1.02%. The company had revenue of $2.27 billion for the quarter, compared to analysts’ expectations of $2.38 billion. During the same period in the previous year, the firm earned $0.52 EPS. The firm’s revenue was down 8.8% compared to the same quarter last year.
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Several other equities analysts also recently weighed in on the company. UBS AG restated a “sell” rating and issued a $29.50 target price (down previously from $30.50) on shares of Owens & Minor in a research report on Wednesday. BidaskClub downgraded Owens & Minor from a “sell” rating to a “strong sell” rating in a research report on Saturday. Zacks Investment Research upgraded Owens & Minor from a “hold” rating to a “buy” rating and set a $34.00 target price on the stock in a research report on Friday, August 4th. Finally, TheStreet downgraded Owens & Minor from a “b” rating to a “c+” rating in a research report on Thursday, May 4th. Three analysts have rated the stock with a sell rating, one has assigned a hold rating and one has assigned a buy rating to the company’s stock. Owens & Minor presently has an average rating of “Hold” and an average price target of $32.88.
Owens & Minor (NYSE OMI) opened at 29.10 on Monday. The company has a 50-day moving average price of $31.72 and a 200-day moving average price of $33.66. The stock has a market capitalization of $1.74 billion, a PE ratio of 18.51 and a beta of 1.01. Owens & Minor has a 12-month low of $28.31 and a 12-month high of $37.02.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 15th will be given a dividend of $0.2575 per share. The ex-dividend date of this dividend is Thursday, September 14th. This represents a $1.03 dividend on an annualized basis and a yield of 3.54%. Owens & Minor’s payout ratio is 65.19%.
In related news, SVP Erika T. Davis sold 9,317 shares of Owens & Minor stock in a transaction that occurred on Tuesday, May 23rd. The stock was sold at an average price of $32.26, for a total transaction of $300,566.42. Following the transaction, the senior vice president now owns 63,979 shares in the company, valued at $2,063,962.54. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Rony Camil Kordahi sold 2,231 shares of Owens & Minor stock in a transaction that occurred on Wednesday, May 24th. The stock was sold at an average price of $32.07, for a total value of $71,548.17. Following the transaction, the executive vice president now owns 27,555 shares in the company, valued at approximately $883,688.85. The disclosure for this sale can be found here. Company insiders own 1.68% of the company’s stock.
A number of institutional investors have recently made changes to their positions in OMI. Cardinal Capital Management increased its position in shares of Owens & Minor by 1.7% in the first quarter. Cardinal Capital Management now owns 12,477 shares of the company’s stock worth $432,000 after buying an additional 212 shares during the last quarter. Glen Harbor Capital Management LLC boosted its stake in Owens & Minor by 23.0% in the first quarter. Glen Harbor Capital Management LLC now owns 4,200 shares of the company’s stock valued at $145,000 after buying an additional 784 shares during the period. ProShare Advisors LLC boosted its stake in Owens & Minor by 21.6% in the first quarter. ProShare Advisors LLC now owns 459,573 shares of the company’s stock valued at $15,901,000 after buying an additional 81,587 shares during the period. Nationwide Fund Advisors boosted its stake in Owens & Minor by 33.6% in the first quarter. Nationwide Fund Advisors now owns 271,924 shares of the company’s stock valued at $9,409,000 after buying an additional 68,455 shares during the period. Finally, Quantitative Systematic Strategies LLC acquired a new stake in Owens & Minor during the first quarter valued at about $257,000. Hedge funds and other institutional investors own 96.05% of the company’s stock.
Owens & Minor Company Profile
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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