Owens & Minor Inc. (OMI) Shares Gap Up to $33.57
Owens & Minor Inc. (NYSE:OMI) gapped up before the market opened on Monday . The stock had previously closed at $33.56, but opened at $33.57. Owens & Minor shares last traded at $33.97, with a volume of 218,990 shares changing hands.
Several equities research analysts recently issued reports on OMI shares. Leerink Swann reissued a “hold” rating on shares of Owens & Minor in a research report on Thursday, May 5th. Zacks Investment Research raised Owens & Minor from a “sell” rating to a “hold” rating in a research report on Saturday, May 7th. Two research analysts have rated the stock with a sell rating and three have assigned a hold rating to the stock. Owens & Minor currently has an average rating of “Hold” and an average price target of $36.60.
The firm has a 50 day moving average of $35.14 and a 200 day moving average of $37.42. The company has a market cap of $2.12 billion and a PE ratio of 18.94.
Owens & Minor (NYSE:OMI) last posted its earnings results on Tuesday, August 2nd. The company reported $0.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.49 by $0.03. The business earned $2.48 billion during the quarter, compared to analyst estimates of $2.47 billion. During the same period in the previous year, the firm posted $0.46 earnings per share. The firm’s revenue was up 2.5% on a year-over-year basis. On average, equities research analysts anticipate that Owens & Minor Inc. will post $2.05 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 30th. Shareholders of record on Thursday, September 15th will be paid a $0.255 dividend. The ex-dividend date is Tuesday, September 13th. This represents a $1.02 dividend on an annualized basis and a yield of 3.01%.
In other news, Director Craig R. Smith sold 7,500 shares of the company’s stock in a transaction dated Friday, August 5th. The stock was sold at an average price of $35.42, for a total transaction of $265,650.00. Following the completion of the transaction, the director now directly owns 104,482 shares of the company’s stock, valued at $3,700,752.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
An institutional investor recently raised its position in Owens & Minor stock. Bank of Montreal Can boosted its stake in Owens & Minor Inc. (NYSE:OMI) by 7,261.6% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 37,544 shares of the company’s stock after buying an additional 37,034 shares during the period. Bank of Montreal Can owned approximately 0.06% of Owens & Minor worth $1,350,000 at the end of the most recent reporting 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.
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