Owens & Minor (NYSE:OMI) Issues FY 2019 Earnings Guidance

Owens & Minor (NYSE:OMI) issued an update on its FY 2019 earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of $0.60-0.75 for the period. Owens & Minor also updated its FY19 guidance to $0.60-0.75 EPS.

OMI stock traded down $0.23 during midday trading on Friday, hitting $2.69. 1,137,900 shares of the stock were exchanged, compared to its average volume of 1,659,919. The stock has a market cap of $175.60 million, a PE ratio of 2.34, a P/E/G ratio of 1.29 and a beta of 1.57. Owens & Minor has a fifty-two week low of $2.67 and a fifty-two week high of $19.16. The company has a debt-to-equity ratio of 3.67, a quick ratio of 0.89 and a current ratio of 1.75.

Owens & Minor (NYSE:OMI) last issued its quarterly earnings data on Tuesday, May 7th. The company reported $0.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.04 by ($0.02). Owens & Minor had a positive return on equity of 6.92% and a negative net margin of 4.63%. The firm had revenue of $2.46 billion for the quarter, compared to analyst estimates of $2.45 billion. During the same period in the prior year, the firm posted $0.43 earnings per share. The business’s revenue for the quarter was up 3.7% compared to the same quarter last year. As a group, equities research analysts predict that Owens & Minor will post 0.58 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 14th will be issued a $0.0025 dividend. The ex-dividend date is Thursday, June 13th. This represents a $0.01 dividend on an annualized basis and a dividend yield of 0.37%. Owens & Minor’s dividend payout ratio (DPR) is 0.87%.

OMI has been the subject of a number of analyst reports. Zacks Investment Research raised Owens & Minor from a sell rating to a buy rating and set a $3.75 price target for the company in a report on Wednesday, April 24th. Jefferies Financial Group reiterated a hold rating and issued a $7.00 target price on shares of Owens & Minor in a research note on Thursday, February 21st. ValuEngine upgraded Owens & Minor from a sell rating to a hold rating in a research note on Saturday, February 2nd. Bank of America reiterated a neutral rating and issued a $4.50 target price (down from $7.00) on shares of Owens & Minor in a research note on Wednesday, April 10th. Finally, Barclays reissued a sell rating and set a $5.00 price target on shares of Owens & Minor in a research report on Thursday, February 21st. Two research analysts have rated the stock with a sell rating and five have given a hold rating to the stock. Owens & Minor has an average rating of Hold and an average price target of $6.21.

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Owens & Minor Company Profile

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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