Several other brokerages have also recently commented on OMI. Zacks Investment Research cut shares of Owens & Minor from a buy rating to a hold rating in a report on Saturday, August 10th. Bank of America raised their target price on shares of Owens & Minor from $4.00 to $7.50 and gave the stock a neutral rating in a report on Friday, September 6th. One analyst has rated the stock with a sell rating and six have issued a hold rating to the company. The stock currently has a consensus rating of Hold and an average price target of $6.63.
Shares of OMI opened at $5.61 on Thursday. Owens & Minor has a one year low of $2.43 and a one year high of $17.36. The company has a 50-day moving average of $5.15 and a two-hundred day moving average of $3.94. The stock has a market cap of $349.42 million, a price-to-earnings ratio of 4.88, a PEG ratio of 2.48 and a beta of 1.40. The company has a debt-to-equity ratio of 3.60, a current ratio of 1.68 and a quick ratio of 0.84.
Owens & Minor (NYSE:OMI) last announced its earnings results on Wednesday, August 7th. The company reported $0.10 EPS for the quarter, topping the consensus estimate of $0.07 by $0.03. Owens & Minor had a negative net margin of 2.88% and a positive return on equity of 5.53%. The company had revenue of $2.48 billion during the quarter, compared to analysts’ expectations of $2.44 billion. During the same period last year, the company posted $0.32 earnings per share. The business’s revenue for the quarter was up 1.1% on a year-over-year basis. Analysts anticipate that Owens & Minor will post 0.64 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Monday, September 16th will be issued a $0.002 dividend. This represents a $0.01 annualized dividend and a dividend yield of 0.14%. The ex-dividend date is Friday, September 13th. Owens & Minor’s payout ratio is 0.87%.
Several institutional investors and hedge funds have recently made changes to their positions in OMI. Prudential Financial Inc. boosted its holdings in shares of Owens & Minor by 0.3% during the second quarter. Prudential Financial Inc. now owns 907,042 shares of the company’s stock worth $2,903,000 after purchasing an additional 2,700 shares during the period. Bank of Montreal Can boosted its holdings in shares of Owens & Minor by 66.9% during the second quarter. Bank of Montreal Can now owns 8,066 shares of the company’s stock worth $26,000 after purchasing an additional 3,233 shares during the period. Royal Bank of Canada boosted its holdings in shares of Owens & Minor by 37.4% during the second quarter. Royal Bank of Canada now owns 17,241 shares of the company’s stock worth $55,000 after purchasing an additional 4,689 shares during the period. Factorial Partners LLC boosted its holdings in shares of Owens & Minor by 10.2% during the second quarter. Factorial Partners LLC now owns 65,000 shares of the company’s stock worth $208,000 after purchasing an additional 6,000 shares during the period. Finally, Strs Ohio boosted its holdings in shares of Owens & Minor by 7.5% during the second quarter. Strs Ohio now owns 98,600 shares of the company’s stock worth $315,000 after purchasing an additional 6,900 shares during the period. Institutional investors own 85.80% of the company’s stock.
Owens & Minor Company Profile
Owens & Minor, Inc, together with its subsidiaries, operates as a healthcare solutions company in the United States and internationally. It operates through two segments, Global Solutions and Global Products. The Global Solutions segment offers a portfolio of products and services to healthcare providers and manufacturers.
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