Owens & Minor Inc. (OMI) Shares Down 4%
Owens & Minor Inc. (NYSE:OMI)’s share price traded down 4% during trading on Thursday . The company traded as low as $36.07 and last traded at $36.28, with a volume of 991,317 shares. The stock had previously closed at $37.80.
A number of equities analysts have recently commented on the stock. Robert W. Baird downgraded shares of Owens & Minor from a “neutral” rating to an “underperform” rating and reduced their price objective for the stock from $36.00 to $32.00 in a research note on Thursday, April 21st. Leerink Swann restated a “hold” rating on shares of Owens & Minor in a research note on Thursday, May 5th. Finally, Zacks Investment Research downgraded shares of Owens & Minor from a “hold” rating to a “sell” rating in a research note on Tuesday, April 26th. Three research analysts have rated the stock with a sell rating and two have issued a hold rating to the company. The stock presently has a consensus rating of “Sell” and a consensus target price of $36.60.
The stock’s 50 day moving average price is $37.26 and its 200 day moving average price is $37.40. The stock has a market cap of $2.25 billion and a P/E ratio of 20.66.
Owens & Minor (NYSE:OMI) last announced its earnings results on Tuesday, May 3rd. The company reported $0.50 earnings per share for the quarter, topping analysts’ consensus estimates of $0.47 by $0.03. The firm had revenue of $2.46 billion for the quarter, compared to the consensus estimate of $2.43 billion. During the same period in the prior year, the business earned $0.44 EPS. Owens & Minor’s quarterly revenue was up 2.7% on a year-over-year basis. Equities analysts predict that Owens & Minor Inc. will post $2.05 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Thursday, June 30th. Investors of record on Wednesday, June 15th were paid a dividend of $0.255 per share. This represents a $1.02 dividend on an annualized basis and a yield of 2.84%. The ex-dividend date was Monday, June 13th.
In other Owens & Minor news, insider Michael Wayne Lowry sold 1,181 shares of Owens & Minor stock in a transaction on Monday, May 9th. The shares were sold at an average price of $35.88, for a total value of $42,374.28. Following the completion of the sale, the insider now directly owns 5,219 shares of the company’s stock, valued at $187,257.72. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Craig R. Smith sold 5,000 shares of Owens & Minor stock in a transaction on Monday, May 9th. The shares were sold at an average price of $35.93, for a total transaction of $179,650.00. Following the completion of the sale, the director now directly owns 116,982 shares of the company’s stock, valued at $4,203,163.26. The disclosure for this sale can be found here.
A number of large investors recently bought and sold shares of OMI. Matarin Capital Management LLC bought a new stake in Owens & Minor during the fourth quarter valued at $1,234,000. Suntrust Banks Inc. increased its stake in Owens & Minor by 86.0% in the fourth quarter. Suntrust Banks Inc. now owns 34,357 shares of the company’s stock valued at $1,236,000 after buying an additional 15,881 shares during the period. ProShare Advisors LLC increased its stake in Owens & Minor by 27.5% in the fourth quarter. ProShare Advisors LLC now owns 36,690 shares of the company’s stock valued at $1,320,000 after buying an additional 7,918 shares during the period. GSA Capital Partners LLP bought a new stake in Owens & Minor during the fourth quarter valued at $1,320,000. Finally, Bank of Montreal Can increased its stake in Owens & Minor by 7,261.6% in the fourth quarter. Bank of Montreal Can now owns 37,544 shares of the company’s stock valued at $1,350,000 after buying an additional 37,034 shares during the period.
Owens & Minor, Inc is a global healthcare services company. The Company provides supply chain assistance to the providers of healthcare services and the manufacturers of healthcare products, supplies and devices in the United States and Europe. The Company operates in two segments: Domestic and International.
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.