Owens Preannounces Disappointing 2017 4Q Results as the Firm Faces Significant Headwinds
Owens & Minor issued preliminary fourth-quarter results that were highly disappointing. The firm announced that it expects EPS to be in the $1.58-$1.61 range, significantly below its original guidance of $1.75-$1.85. The massive profit miss is highly concerning but does align with our no-moat rating and overall thesis for the firm. This preliminary earnings outlook is well below our estimates, and we will likely lower our fair value estimate. However, we will wait until the firm releases its...Owens & Minor is a healthcare solutions company. The company provides products and services to healthcare provider, manufacturers and directly to patients across the continuum of care. The company has two segments: Global Solutions, which provides a portfolio of medical and surgical supplies and service offerings to healthcare providers including supplier management, analytics, inventory management, and clinical supply management; and Global Products, which manufactures and sources medical surgical products through its production and kitting operations as well as provides medical supplies and solutions for the prevention of healthcare-associated infections across the acute and alternate site channels.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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