Owens & Minor, Inc. (NYSE:OMI) Receives Average Rating of “Hold” from Analysts

Owens & Minor, Inc. (NYSE:OMI) has been given an average recommendation of “Hold” by the nine research firms that are covering the firm, MarketBeat reports. Five research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 1 year price target among brokers that have covered the stock in the last year is $42.00.

OMI has been the topic of several recent analyst reports. Credit Suisse Group cut their price objective on shares of Owens & Minor from $43.00 to $42.00 and set a “neutral” rating on the stock in a report on Wednesday, August 4th. TheStreet raised shares of Owens & Minor from a “c+” rating to a “b-” rating in a report on Monday, August 23rd. Finally, Zacks Investment Research raised shares of Owens & Minor from a “hold” rating to a “buy” rating and set a $47.00 target price for the company in a report on Wednesday.

In other Owens & Minor news, Director Robert J. Henkel acquired 1,000 shares of the business’s stock in a transaction dated Friday, October 15th. The stock was acquired at an average cost of $33.33 per share, for a total transaction of $33,330.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Edward A. Pesicka sold 56,641 shares of the business’s stock in a transaction on Wednesday, November 3rd. The stock was sold at an average price of $41.97, for a total transaction of $2,377,222.77. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 150,524 shares of company stock worth $6,346,034. 4.65% of the stock is owned by company insiders.

Several institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. raised its holdings in shares of Owens & Minor by 26.4% during the second quarter. Vanguard Group Inc. now owns 7,998,909 shares of the company’s stock valued at $338,594,000 after acquiring an additional 1,672,001 shares during the last quarter. Wellington Management Group LLP raised its holdings in shares of Owens & Minor by 47.5% during the third quarter. Wellington Management Group LLP now owns 7,956,520 shares of the company’s stock valued at $248,959,000 after acquiring an additional 2,563,655 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Owens & Minor by 0.4% during the third quarter. Dimensional Fund Advisors LP now owns 3,621,532 shares of the company’s stock valued at $113,318,000 after acquiring an additional 14,669 shares during the last quarter. Wells Fargo & Company MN raised its holdings in shares of Owens & Minor by 13.0% during the second quarter. Wells Fargo & Company MN now owns 2,671,466 shares of the company’s stock valued at $113,083,000 after acquiring an additional 306,481 shares during the last quarter. Finally, State Street Corp raised its holdings in shares of Owens & Minor by 4.8% during the second quarter. State Street Corp now owns 2,522,074 shares of the company’s stock valued at $106,759,000 after acquiring an additional 115,914 shares during the last quarter. 94.07% of the stock is owned by institutional investors and hedge funds.

Owens & Minor stock traded down $0.99 during trading hours on Thursday, reaching $41.14. The stock had a trading volume of 346,838 shares, compared to its average volume of 1,050,680. The company has a market cap of $3.10 billion, a price-to-earnings ratio of 13.06, a PEG ratio of 0.56 and a beta of 0.32. The company has a debt-to-equity ratio of 1.08, a current ratio of 1.68 and a quick ratio of 0.62. The business’s 50 day moving average price is $36.49 and its 200-day moving average price is $39.18. Owens & Minor has a 52 week low of $23.57 and a 52 week high of $49.16.

Owens & Minor (NYSE:OMI) last posted its quarterly earnings data on Wednesday, November 3rd. The company reported $0.74 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.59 by $0.15. Owens & Minor had a net margin of 2.38% and a return on equity of 40.55%. The firm had revenue of $2.50 billion for the quarter, compared to the consensus estimate of $2.48 billion. During the same quarter in the prior year, the company posted $0.81 earnings per share. The company’s revenue for the quarter was up 14.4% compared to the same quarter last year. On average, sell-side analysts forecast that Owens & Minor will post 3.99 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, December 31st. Investors of record on Wednesday, December 15th will be paid a $0.002 dividend. This represents a $0.01 annualized dividend and a dividend yield of 0.02%. The ex-dividend date of this dividend is Tuesday, December 14th. Owens & Minor’s dividend payout ratio is currently 0.32%.

About Owens & Minor

Owens & Minor, Inc engages in the provision of healthcare solutions. It operates through the Global Solutions and Global Products segments. The Global Solutions segment comprises of United States distribution, outsourced logistics, and value-added services business. The Global Products segment manufactures and sources medical surgical products through the production and kitting operations.

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Analyst Recommendations for Owens & Minor (NYSE:OMI)

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