Owens & Minor, Inc. (NYSE:OMI) is expected to report third quarter earnings results, after market close, on Monday 2nd November 2020.
Analysts polled by Thomson Reuters anticipate third quarter income of $ 0.71 per share.
Looking ahead, the full year income are expected at $ 1.80 per share on the revenues of $ 8147.00 million.
The Company Outlook
Full Year 2020 bottomline are predicted in a range of $ 1.75 ~ $ 1.90 per share
Click Here For More Historical Outlooks Of Owens & Minor, Inc.
Previous Quarter Performance
Owens & Minor, Inc. outlined income for the second quarter of $ 0.20 per share, from the revenue of $ 1,808.00 million. The quarterly earnings gained 100.00 percent while revenues declined 27.22 percent compared with the same quarter last year. The top line results fell short of analysts by $ 144.49 million or 7.4 percent.
Stock Performance
On Friday, shares of Owens & Minor, Inc. has traded high as $ 25.74 and has cracked $ 24.65 on the downward trend, reaching $ 25.12 with volume of 921.20 thousand shares.
According to the previous trading day, closing price of $ 25.12, representing a 587.33 % increase from the 52 week low of $ 3.63 and a 10.09 % decrease over the 52 week high of $ 27.75.
The company has a market capital of $ 1.85 billion and is part of the Healthcare sector and Medical Distribution industry.
Recent Analyst recommendations
- On 25th September 2020, upgraded by Barclays to Equal-Weight from Underweight rating.
- On 25th September 2020, maintained by Credit Suisse Group at Neutral rating, with $ 22.00 target price.
Recent Stock Dividend Announcement
The board of directors has authorized quarterly dividend of $ 0.0025 per share on August 4, 2020. The dividend were payable on September 30, 2020 to holders of record as of the close of business on September 15, 2020 and ex-dividend date on September 14, 2020.
Conference Call
Owens & Minor, Inc. will be hosting a conference call at 5:00 PM eastern time on 2nd November 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.owens-minor.com
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.
