Zacks: Brokerages Expect Omnicell, Inc. (OMCL) Will Announce Quarterly Sales of $177.37 Million
Equities research analysts expect Omnicell, Inc. (NASDAQ:OMCL) to announce $177.37 million in sales for the current quarter, Zacks reports. Two analysts have made estimates for Omnicell’s earnings, with estimates ranging from $177.32 million to $177.41 million. Omnicell reported sales of $150.55 million during the same quarter last year, which would suggest a positive year over year growth rate of 17.8%. The company is expected to issue its next earnings report on Thursday, May 3rd.
According to Zacks, analysts expect that Omnicell will report full-year sales of $177.37 million for the current financial year, with estimates ranging from $788.21 million to $790.51 million. For the next year, analysts expect that the company will post sales of $879.58 million per share, with estimates ranging from $867.46 million to $898.15 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of analysts that that provide coverage for Omnicell.
Omnicell (NASDAQ:OMCL) last released its quarterly earnings data on Thursday, February 1st. The company reported $0.54 earnings per share for the quarter, topping the consensus estimate of $0.52 by $0.02. The firm had revenue of $198.26 million for the quarter, compared to analyst estimates of $205.50 million. Omnicell had a net margin of 2.88% and a return on equity of 1.54%. Omnicell’s quarterly revenue was up 13.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.37 earnings per share.
Shares of Omnicell (NASDAQ:OMCL) opened at $41.00 on Friday. The firm has a market cap of $1,555.21, a PE ratio of 80.39, a P/E/G ratio of 3.38 and a beta of 0.65. Omnicell has a 12 month low of $35.00 and a 12 month high of $55.40. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.28 and a current ratio of 1.73.
In other Omnicell news, CFO Peter J. Kuipers sold 1,926 shares of the company’s stock in a transaction dated Monday, December 18th. The shares were sold at an average price of $51.69, for a total value of $99,554.94. Following the completion of the transaction, the chief financial officer now owns 40,544 shares in the company, valued at approximately $2,095,719.36. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, VP Peter J. Kuipers sold 4,724 shares of the company’s stock in a transaction dated Friday, November 17th. The stock was sold at an average price of $47.74, for a total transaction of $225,523.76. Following the completion of the transaction, the vice president now owns 40,544 shares of the company’s stock, valued at approximately $1,935,570.56. The disclosure for this sale can be found here. In the last 90 days, insiders sold 21,263 shares of company stock valued at $1,023,726. 3.77% of the stock is owned by insiders.
A number of hedge funds and other institutional investors have recently bought and sold shares of OMCL. Janus Henderson Group PLC grew its position in Omnicell by 129.6% in the 2nd quarter. Janus Henderson Group PLC now owns 1,231,933 shares of the company’s stock worth $53,096,000 after purchasing an additional 695,334 shares during the last quarter. Eagle Asset Management Inc. boosted its holdings in shares of Omnicell by 36.8% in the fourth quarter. Eagle Asset Management Inc. now owns 1,365,794 shares of the company’s stock valued at $66,047,000 after acquiring an additional 367,687 shares in the last quarter. Braun Stacey Associates Inc. bought a new position in shares of Omnicell in the fourth quarter valued at approximately $9,391,000. BlackRock Inc. boosted its holdings in shares of Omnicell by 4.0% in the fourth quarter. BlackRock Inc. now owns 4,839,191 shares of the company’s stock valued at $234,701,000 after acquiring an additional 187,069 shares in the last quarter. Finally, Conestoga Capital Advisors LLC boosted its holdings in shares of Omnicell by 10.8% in the fourth quarter. Conestoga Capital Advisors LLC now owns 1,792,313 shares of the company’s stock valued at $86,927,000 after acquiring an additional 174,607 shares in the last quarter.
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Omnicell, Inc provides automation and business analytics software solutions for patient-centric medication and supply management across the entire healthcare continuum, from the acute care hospital setting to post-acute skilled nursing and long-term care facilities to the home. It operates through two segments: Automation and Analytics, and Medication Adherence.
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