Owens & Minor, Inc. (NYSE:OMI) Receives $32.88 Consensus PT from Analysts
Shares of Owens & Minor, Inc. (NYSE:OMI) have been given a consensus rating of “Hold” by the six ratings firms that are currently covering the firm, Marketbeat.com reports. Three equities research analysts have rated the stock with a sell recommendation, one has given a hold recommendation and one has issued a buy recommendation on the company. The average 1 year target price among analysts that have covered the stock in the last year is $32.88.
Several equities research analysts recently weighed in on OMI shares. Jefferies Group LLC set a $36.00 price target on Owens & Minor and gave the stock a “hold” rating in a report on Monday, May 22nd. UBS AG reaffirmed a “sell” rating and set a $29.50 price target (down from $30.50) on shares of Owens & Minor in a report on Thursday. Zacks Investment Research downgraded Owens & Minor from a “hold” rating to a “sell” rating in a report on Friday, May 5th. TheStreet downgraded Owens & Minor from a “b” rating to a “c+” rating in a report on Thursday, May 4th. Finally, BidaskClub downgraded Owens & Minor from a “hold” rating to a “sell” rating in a report on Tuesday, June 20th.
Owens & Minor (NYSE OMI) traded down 0.21% during trading on Friday, hitting $28.33. 101,282 shares of the company traded hands. The company’s 50-day moving average is $31.96 and its 200 day moving average is $33.76. Owens & Minor has a 52-week low of $28.30 and a 52-week high of $37.02. The firm has a market cap of $1.70 billion, a price-to-earnings ratio of 18.02 and a beta of 1.01.
Owens & Minor (NYSE:OMI) last announced its earnings results on Tuesday, August 1st. The company reported $0.43 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.43. The business had revenue of $2.27 billion for the quarter, compared to analyst estimates of $2.38 billion. Owens & Minor had a net margin of 1.02% and a return on equity of 11.64%. The company’s revenue for the quarter was down 8.8% compared to the same quarter last year. During the same period last year, the firm posted $0.52 earnings per share. On average, equities analysts anticipate that Owens & Minor will post $1.92 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 15th will be issued a dividend of $0.2575 per share. This represents a $1.03 annualized dividend and a dividend yield of 3.63%. The ex-dividend date is Thursday, September 14th. Owens & Minor’s dividend payout ratio is presently 65.19%.
In related news, SVP Erika T. Davis sold 9,317 shares of the stock in a transaction on Tuesday, May 23rd. The stock was sold at an average price of $32.26, for a total transaction of $300,566.42. Following the completion of the sale, the senior vice president now directly owns 63,979 shares of the company’s stock, valued at $2,063,962.54. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Michael Wayne Lowry sold 1,300 shares of the stock in a transaction on Tuesday, May 9th. The stock was sold at an average price of $32.19, for a total value of $41,847.00. Following the sale, the insider now directly owns 10,498 shares of the company’s stock, valued at $337,930.62. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 12,848 shares of company stock valued at $413,962. Corporate insiders own 1.68% of the company’s stock.
Several large investors have recently modified their holdings of the company. Meadow Creek Investment Management LLC increased its stake in Owens & Minor by 23.0% in the first quarter. Meadow Creek Investment Management LLC now owns 3,300 shares of the company’s stock worth $114,000 after buying an additional 616 shares during the period. Creative Planning increased its stake in Owens & Minor by 2.9% in the second quarter. Creative Planning now owns 4,021 shares of the company’s stock worth $129,000 after buying an additional 113 shares during the period. Glen Harbor Capital Management LLC increased its stake in Owens & Minor by 23.0% in the first quarter. Glen Harbor Capital Management LLC now owns 4,200 shares of the company’s stock worth $145,000 after buying an additional 784 shares during the period. LS Investment Advisors LLC increased its stake in Owens & Minor by 17.1% in the second quarter. LS Investment Advisors LLC now owns 4,987 shares of the company’s stock worth $161,000 after buying an additional 727 shares during the period. Finally, Elkfork Partners LLC increased its stake in Owens & Minor by 23.0% in the first quarter. Elkfork Partners LLC now owns 5,100 shares of the company’s stock worth $176,000 after buying an additional 952 shares during the period. 96.05% of the stock is owned by hedge funds and other institutional investors.
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Owens & Minor Company Profile
Owens & Minor, Inc is a healthcare services company that connects the world of medical products to the point of care. The Company provides supply chain assistance to the providers of healthcare services and the manufacturers of healthcare products, supplies and devices. The Company’s segments include Domestic, International and Clinical & Procedural Solutions (CPS).
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