Wall Street brokerages expect Owens & Minor, Inc. (NYSE:OMI) to announce earnings per share (EPS) of $0.14 for the current fiscal quarter, according to Zacks Investment Research. Four analysts have issued estimates for Owens & Minor’s earnings, with estimates ranging from $0.11 to $0.16. Owens & Minor reported earnings of $0.35 per share during the same quarter last year, which would indicate a negative year-over-year growth rate of 60%. The business is expected to report its next earnings results on Wednesday, February 13th.

According to Zacks, analysts expect that Owens & Minor will report full year earnings of $1.22 per share for the current fiscal year, with EPS estimates ranging from $1.20 to $1.23. For the next financial year, analysts forecast that the firm will post earnings of $1.13 per share, with EPS estimates ranging from $0.85 to $1.32. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of research firms that cover Owens & Minor.

Owens & Minor (NYSE:OMI) last announced its quarterly earnings results on Wednesday, October 31st. The company reported $0.32 earnings per share for the quarter, meeting the consensus estimate of $0.32. The firm had revenue of $2.46 billion for the quarter, compared to analysts’ expectations of $2.54 billion. Owens & Minor had a negative net margin of 1.57% and a positive return on equity of 9.50%. The company’s revenue was up 5.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.40 EPS.

Several brokerages have recently weighed in on OMI. Jefferies Financial Group reissued a “hold” rating and set a $8.50 price target on shares of Owens & Minor in a research report on Friday, November 2nd. Barclays reissued an “underweight” rating and set a $8.00 price target (down previously from $12.00) on shares of Owens & Minor in a research report on Thursday, November 1st. Leerink Swann set a $9.00 price target on shares of Owens & Minor and gave the company a “hold” rating in a research report on Wednesday, October 31st. Finally, Bank of America cut shares of Owens & Minor from a “buy” rating to a “neutral” rating in a research report on Wednesday, October 31st. Four analysts have rated the stock with a sell rating and three have given a hold rating to the company’s stock. The stock currently has an average rating of “Sell” and an average target price of $12.90.

Shares of OMI stock traded down $0.17 on Thursday, hitting $6.94. 1,694,800 shares of the stock traded hands, compared to its average volume of 1,135,851. The company has a current ratio of 1.71, a quick ratio of 0.88 and a debt-to-equity ratio of 2.07. The stock has a market cap of $442.73 million, a price-to-earnings ratio of 4.31, a PEG ratio of 1.37 and a beta of 1.65. Owens & Minor has a twelve month low of $6.75 and a twelve month high of $22.91.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 2nd. Investors of record on Monday, December 17th will be issued a $0.075 dividend. The ex-dividend date is Friday, December 14th. This represents a $0.30 annualized dividend and a yield of 4.32%. Owens & Minor’s dividend payout ratio (DPR) is currently 64.60%.

A number of institutional investors and hedge funds have recently modified their holdings of the stock. BlackRock Inc. raised its holdings in Owens & Minor by 4.0% in the 3rd quarter. BlackRock Inc. now owns 8,945,534 shares of the company’s stock valued at $147,781,000 after buying an additional 340,386 shares during the period. Vanguard Group Inc. raised its holdings in Owens & Minor by 0.5% in the 3rd quarter. Vanguard Group Inc. now owns 6,381,521 shares of the company’s stock valued at $105,422,000 after buying an additional 33,197 shares during the period. Dimensional Fund Advisors LP raised its holdings in Owens & Minor by 13.3% in the 3rd quarter. Dimensional Fund Advisors LP now owns 4,978,799 shares of the company’s stock valued at $82,250,000 after buying an additional 585,425 shares during the period. LSV Asset Management raised its holdings in Owens & Minor by 7.4% in the 2nd quarter. LSV Asset Management now owns 2,106,502 shares of the company’s stock valued at $35,199,000 after buying an additional 144,614 shares during the period. Finally, Bank of New York Mellon Corp raised its holdings in Owens & Minor by 3.8% in the 3rd quarter. Bank of New York Mellon Corp now owns 1,431,700 shares of the company’s stock valued at $23,651,000 after buying an additional 52,294 shares during the period. Hedge funds and other institutional investors own 88.94% of the company’s stock.

About Owens & Minor

Owens & Minor, Inc, together with its subsidiaries, operates as a healthcare services company in the United States, the United Kingdom, Ireland, France, Germany, and other European countries. It operates through three segments: Domestic, International, and Proprietary Products. The company offers supply chain assistance to the providers of healthcare services; and the manufacturers of healthcare products, supplies, and devices.

Read More: Marijuana Stocks Investing Considerations

Get a free copy of the Zacks research report on Owens & Minor (OMI)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Owens & Minor (NYSE:OMI)

Receive News & Ratings for Owens & Minor Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Owens & Minor and related companies with MarketBeat.com's FREE daily email newsletter.