Owens & Minor, Inc. (NYSE:OMI) Given Average Recommendation of “Hold” by Brokerages

Shares of Owens & Minor, Inc. (NYSE:OMI) have been given an average rating of “Hold” by the eight research firms that are currently covering the firm, Marketbeat Ratings reports. Four analysts have rated the stock with a sell rating, three have issued a buy rating and one has issued a strong buy rating on the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $6.35.

Several equities analysts have recently issued reports on the company. Zacks Research lowered Owens & Minor from a “hold” rating to a “strong sell” rating in a research report on Monday, November 10th. UBS Group set a $7.00 price objective on shares of Owens & Minor in a report on Wednesday, August 13th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Owens & Minor in a research note on Wednesday, October 8th. Finally, JPMorgan Chase & Co. reduced their price target on shares of Owens & Minor from $7.00 to $6.00 and set an “underweight” rating on the stock in a research report on Wednesday, August 27th.

Owens & Minor Stock Performance

Shares of Owens & Minor stock opened at $2.78 on Friday. The firm has a fifty day moving average of $3.73 and a two-hundred day moving average of $5.64. The company has a debt-to-equity ratio of 3.32, a quick ratio of 0.84 and a current ratio of 0.86. The stock has a market capitalization of $214.65 million, a price-to-earnings ratio of -0.16 and a beta of 1.37. Owens & Minor has a 52 week low of $2.38 and a 52 week high of $15.54.

Owens & Minor (NYSE:OMI) last announced its quarterly earnings data on Thursday, October 30th. The company reported $0.25 EPS for the quarter, topping analysts’ consensus estimates of $0.23 by $0.02. The business had revenue of $697.26 million during the quarter, compared to analysts’ expectations of $704.06 million. Owens & Minor had a positive return on equity of 95.57% and a negative net margin of 19.99%.The firm’s quarterly revenue was up 1.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.36 earnings per share. Owens & Minor has set its FY 2025 guidance at 1.020-1.070 EPS. As a group, equities research analysts predict that Owens & Minor will post 1.51 EPS for the current year.

Institutional Investors Weigh In On Owens & Minor

A number of hedge funds have recently modified their holdings of OMI. Coliseum Capital Management LLC raised its holdings in Owens & Minor by 122.0% during the 1st quarter. Coliseum Capital Management LLC now owns 10,624,599 shares of the company’s stock worth $95,940,000 after buying an additional 5,838,635 shares during the period. Invenomic Capital Management LP bought a new stake in shares of Owens & Minor during the third quarter worth $13,196,000. Millennium Management LLC raised its holdings in shares of Owens & Minor by 191.7% during the third quarter. Millennium Management LLC now owns 3,261,254 shares of the company’s stock worth $15,654,000 after acquiring an additional 2,143,267 shares during the period. Paradigm Capital Management Inc. NY lifted its position in Owens & Minor by 3,197.8% in the 2nd quarter. Paradigm Capital Management Inc. NY now owns 1,978,700 shares of the company’s stock valued at $18,006,000 after acquiring an additional 1,918,700 shares in the last quarter. Finally, Towle & Co. boosted its stake in Owens & Minor by 72.6% in the 3rd quarter. Towle & Co. now owns 1,247,959 shares of the company’s stock worth $5,990,000 after purchasing an additional 524,793 shares during the period. Institutional investors and hedge funds own 98.04% of the company’s stock.

About Owens & Minor

Owens & Minor, Inc is a healthcare solutions company, which engages in the product manufacturing and delivery, home health supply, and perioperative services to support care through the hospital and into the home. It operates through the Products and Healthcare Services, and Patient Direct segments.