Analysts expect Omega Healthcare Investors Inc (NYSE:OHI) to announce earnings per share of $0.75 for the current fiscal quarter, according to Zacks. Three analysts have issued estimates for Omega Healthcare Investors’ earnings. The highest EPS estimate is $0.77 and the lowest is $0.74. Omega Healthcare Investors posted earnings of $0.86 per share in the same quarter last year, which suggests a negative year-over-year growth rate of 12.8%. The company is expected to issue its next quarterly earnings results on Wednesday, May 2nd.
On average, analysts expect that Omega Healthcare Investors will report full year earnings of $3.02 per share for the current financial year, with EPS estimates ranging from $2.99 to $3.05. For the next fiscal year, analysts anticipate that the business will post earnings of $3.15 per share, with EPS estimates ranging from $3.08 to $3.20. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of research firms that follow Omega Healthcare Investors.
Omega Healthcare Investors (NYSE:OHI) last posted its quarterly earnings results on Tuesday, February 13th. The real estate investment trust reported $0.31 EPS for the quarter, missing the consensus estimate of $0.49 by ($0.18). Omega Healthcare Investors had a return on equity of 2.48% and a net margin of 11.06%. The firm had revenue of $221.21 million for the quarter, compared to analyst estimates of $219.07 million.
NYSE OHI traded down $0.56 on Monday, hitting $25.36. 2,122,312 shares of the stock were exchanged, compared to its average volume of 1,783,080. The company has a quick ratio of 3.55, a current ratio of 3.55 and a debt-to-equity ratio of 1.18. Omega Healthcare Investors has a fifty-two week low of $24.90 and a fifty-two week high of $35.14. The stock has a market capitalization of $5,147.44, a PE ratio of 7.68, a price-to-earnings-growth ratio of 2.94 and a beta of 0.37.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, May 15th. Investors of record on Monday, April 30th will be paid a dividend of $0.66 per share. This represents a $2.64 dividend on an annualized basis and a yield of 10.41%. The ex-dividend date is Friday, April 27th. Omega Healthcare Investors’s dividend payout ratio is currently 80.00%.
A number of large investors have recently modified their holdings of the stock. Lourd Capital LLC purchased a new position in Omega Healthcare Investors during the 4th quarter worth $202,000. Kovack Advisors Inc. purchased a new position in Omega Healthcare Investors during the 4th quarter worth $219,000. Mcmillion Capital Management Inc. raised its position in Omega Healthcare Investors by 38.1% during the 4th quarter. Mcmillion Capital Management Inc. now owns 8,693 shares of the real estate investment trust’s stock worth $239,000 after buying an additional 2,400 shares during the last quarter. Claraphi Advisory Network LLC purchased a new position in Omega Healthcare Investors during the 4th quarter worth $248,000. Finally, AI Financial Services LLC purchased a new position in Omega Healthcare Investors during the 4th quarter worth $273,000. Hedge funds and other institutional investors own 73.71% of the company’s stock.
About Omega Healthcare Investors
Omega is a real estate investment trust that invests in the long-term healthcare industry, primarily in skilled nursing and assisted living facilities. Its portfolio of assets is operated by a diverse group of healthcare companies, predominantly in a triple-net lease structure. The assets span all regions within the US, as well as in the UK.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Omega Healthcare Investors Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Omega Healthcare Investors and related companies with MarketBeat.com's FREE daily email newsletter.