On Tuesday, Shares of Owens & Minor (NYSE: OMI) showed the bullish trend with a higher momentum of 2.02% to $4.04. The company traded total volume of 1,108,045 shares as contrast to its average volume of 1.84M shares. The company has a market value of $249.55M and about 61.77M shares outstanding.
Owens & Minor Inc. (OMI) stated a fourth-quarter loss of $261.80M, after reporting a profit in the same period a year earlier. The Mechanicsville, Virginia-based Company said it had a loss of $4.37 per share. Earnings, adjusted for asset impairment costs and costs related to mergers and acquisitions came to 9 cents per share. The results missed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 14 cents per share.
The medical supply distributor posted revenue of $2.540B in the period, which topped Street forecasts. Four analysts surveyed by Zacks expected $2.520B.
For the year, the company stated a loss of $437.0M, or $7.28 per share, swinging to a loss in the period. Revenue was stated as $9.840B. It anticipates full-year earnings in the range of 60 cents to 75 cents per share.
The Company offered net profit margin of -4.40% while its gross profit margin was 13.90%. ROE was recorded as -55.80% while beta factor was 1.64. The stock, as of recent close, has shown the weekly upbeat performance of 11.29% which was maintained at -36.18% in this year.