Omega Protein Corporation (OME) reported quarterly earnings results on Wednesday, May-4-2016. The company said it had a profit of $0.40 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.04. Analysts had a consensus of $0.36. The company posted revenue of $84.84 million in the period, compared to analysts expectations of $83.29 million. The company’s revenue was up 18.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.12 EPS.
Many Wall Street Analysts have commented on Omega Protein Corporation. Wunderlich Initiated Omega Protein Corporation on Apr 28, 2016 to “Buy”, Price Target of the shares are set at $22.
Omega Protein Corporation (OME) witnessed a volatile trading activity on Monday , and eventually ended flat at 0.00% or 0 points without letting the bulls or bears take much advantage. The trading began at $18.58 and reached the intraday high at $18.79. The bulls started the profit booking and pushed the shares to intraday low of $18.5115. The trading session was marked by a volume range of 2,29,536 shares exchanging hands. The 52-week high of the shares is $25.49 and the 52-week low is $11.11. The market cap of the company stands at $414 M and there are 2,22,52,876 shares in public circulation.
In a different news, on Dec 8, 2015, Andrew Johannesen (Exec VP and CFO) sold 5,298 shares at $23.47 per share price. According to the SEC, on Nov 12, 2015, Mark Edward Griffin (President – Animal Nutrition) sold 29,561 shares at $21.83 per share price. On Aug 12, 2015, John D Held (Exec VP, General Counsel & Sec) sold 37,700 shares at $16.78 per share price, according to the Form-4 filing with the securities and exchange commission.
Omega Protein Corporation is a nutritional product company. The Company operates through two segments: animal nutrition and human nutrition. The animal nutrition segment consists primarily of two subsidiaries: Omega Protein Inc. (Omega Protein) and Omega Shipyard Inc. (Omega Shipyard). Omega Protein the principal operating subsidiary produces animal nutrition products and operates in the menhaden harvesting and processing business. Omega Shipyard owns and operates a 49.4 acre shipyard facility in Moss Point Mississippi. The human nutrition segment has three primary product lines: dairy protein products specialty oils and fatty acids and other nutraceutical ingredients. The human nutrition business consists of Nutegrity a division of the Company consisting of three subsidiaries: Cyvex Nutrition Inc. (Cyvex) InCon Processing L.L.C. (InCon) and Wisconsin Specialty Protein L.L.C. (WSP) and Bioriginal Food & Science Corp. (Bioriginal).