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Stock Alert: Owens & Minor Shares Hit 52-Week High

Shares of Owens & Minor Inc. (OMI) touched a 52-week high of $20.96 Thursday morning, and are currently trading at $20.85, up $7.06 or 51.20% in the regular trading session.

Owens & Minor revised its outlook for full-year adjusted earnings per share guidance to $1.75 - $1.90, from $1.00 - $1.20. Analysts polled by Thomson Reuters expect the company to report earnings per share of $1.08. Analysts' estimates typically exclude special items.

The company said its increased full year guidance is anticipated to provide sequential earnings growth from second quarter to third quarter and again from third quarter to fourth quarter.

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