Owens & Minor (OMI) Releases Earnings Results, Beats Expectations By $0.03 EPS

Owens & Minor (OMI) reported quarterly earnings results on Tuesday, Aug-2-2016. The company said it had a profit of $0.52 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.03. Analysts had a consensus of $0.49. The company posted revenue of $2483.70 million in the period, compared to analysts expectations of $2469.08 million. The company’s revenue was up 2.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.46 EPS.

Owens & Minor (OMI) witnessed a volatile trading activity on Friday , and eventually ended flat at 0.00% or 0 points without letting the bulls or bears take much advantage. The trading began at $35.61 and reached the intraday high at $35.88. The bulls started the profit booking and pushed the shares to intraday low of $35.55. The trading session was marked by a volume range of 9,55,642 shares exchanging hands. The 52-week high of the shares is $41.48 and the 52-week low is $31.89. The market cap of the company stands at $2,242 M and there are 6,27,94,080 shares in public circulation.

In a different news, on May 10, 2016, Craig R Smith (director) sold 5,000 shares at $35.93 per share price. According to the SEC, on Feb 24, 2016, Richard W Mears (SVP, Chief Information Officer) sold 6,000 shares at $39.11 per share price. On Feb 23, 2016, James E Rogers (director) sold 1,800 shares at $39.83 per share price, according to the Form-4 filing with the securities and exchange commission.

Owens & Minor Inc. is a healthcare logistics company. The Company provides supply chain assistance to the providers of healthcare services and the manufacturers of healthcare products supplies and devices. The Company operates in two segments: Domestic and International. Domestic segment includes all functions in the United States relating to its role as a healthcare logistics company providing distribution packaging and logistics services to healthcare providers and manufacturers. International segment consists of its European third-party logistics and packaging businesses. It is focused on its operations on healthcare logistics services and provides its customers with a service portfolio that covers procurement inventory management delivery and sourcing of products for the healthcare market. Its customers include hospitals integrated healthcare systems group purchasing organizations manufacturers of life-science and medical devices and supplies including pharmaceuticals.

Owens & Minor

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