Owens & Minor, Inc. (OMI) Sees Unusually-High Trading Volume
Owens & Minor, Inc. (NYSE:OMI) shares saw unusually-high trading volume on Wednesday . Approximately 1,509,806 shares changed hands during mid-day trading, an increase of 145% from the previous session’s volume of 616,473 shares.The stock last traded at $34.37 and had previously closed at $34.41.
OMI has been the topic of a number of research reports. Zacks Investment Research raised shares of Owens & Minor from a “sell” rating to a “hold” rating in a research note on Saturday, May 7th. Leerink Swann reaffirmed a “hold” rating on shares of Owens & Minor in a research note on Thursday, May 5th. Two analysts have rated the stock with a sell rating and three have given a hold rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $36.60.
The firm has a market capitalization of $2.14 billion and a PE ratio of 19.19. The stock has a 50 day moving average price of $34.94 and a 200 day moving average price of $37.37.
Owens & Minor (NYSE:OMI) last announced its quarterly earnings data 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 the consensus estimate of $2.47 billion. During the same period in the previous year, the business posted $0.46 earnings per share. Owens & Minor’s revenue was up 2.5% compared to the same quarter last year. On average, equities analysts anticipate that Owens & Minor, Inc. will post $2.05 EPS for the current fiscal year.
The firm also recently disclosed 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 of this dividend is Tuesday, September 13th. This represents a $1.02 dividend on an annualized basis and a yield of 2.97%.
In other Owens & Minor news, Director Craig R. Smith sold 7,500 shares of the firm’s stock in a transaction that occurred on Friday, August 5th. The shares were sold at an average price of $35.42, for a total value of $265,650.00. Following the transaction, the director now directly owns 104,482 shares of the company’s stock, valued at $3,700,752.44. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.
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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