Owens & Minor Inc. (OMI) Receives Consensus Rating of “Hold” from Brokerages
Owens & Minor Inc. (NYSE:OMI) has received a consensus recommendation of “Hold” from the six brokerages that are currently covering the stock. Two investment analysts have rated the stock with a sell recommendation and four have issued a hold recommendation on the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $34.67.
Several equities research analysts have issued reports on OMI shares. Bank of America Corp. started coverage on shares of Owens & Minor in a research report on Monday, September 12th. They set a “neutral” rating for the company. Zacks Investment Research downgraded shares of Owens & Minor from a “hold” rating to a “sell” rating in a research report on Tuesday, July 12th.
In other Owens & Minor news, SVP Erika T. Davis sold 2,900 shares of the business’s stock in a transaction that occurred on Wednesday, August 31st. The shares were sold at an average price of $34.31, for a total transaction of $99,499.00. Following the completion of the transaction, the senior vice president now directly owns 61,867 shares in the company, valued at $2,122,656.77. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Craig R. Smith sold 7,500 shares of the business’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 transaction of $265,650.00. Following the transaction, the director now owns 104,482 shares of the company’s stock, valued at $3,700,752.44. The disclosure for this sale can be found here. Company insiders own 1.72% of the company’s stock.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Foundry Partners LLC increased its position in shares of Owens & Minor by 4.3% in the third quarter. Foundry Partners LLC now owns 223,579 shares of the company’s stock valued at $7,765,000 after buying an additional 9,210 shares in the last quarter. Eqis Capital Management Inc. increased its position in shares of Owens & Minor by 1.9% in the third quarter. Eqis Capital Management Inc. now owns 20,026 shares of the company’s stock valued at $696,000 after buying an additional 366 shares in the last quarter. Macquarie Group Ltd. increased its position in shares of Owens & Minor by 0.8% in the second quarter. Macquarie Group Ltd. now owns 1,248,034 shares of the company’s stock valued at $46,652,000 after buying an additional 9,474 shares in the last quarter. Mason Street Advisors LLC purchased a new position in shares of Owens & Minor during the second quarter valued at approximately $1,070,000. Finally, Schwab Charles Investment Management Inc. increased its position in shares of Owens & Minor by 6.4% in the second quarter. Schwab Charles Investment Management Inc. now owns 386,195 shares of the company’s stock valued at $14,436,000 after buying an additional 23,138 shares in the last quarter. Institutional investors and hedge funds own 96.91% of the company’s stock.
Owens & Minor (NYSE:OMI) traded down 1.87% during midday trading on Tuesday, reaching $33.54. The company had a trading volume of 121,902 shares. The company has a market capitalization of $2.09 billion, a PE ratio of 18.73 and a beta of 0.88. The stock’s 50 day moving average is $34.08 and its 200 day moving average is $36.30. Owens & Minor has a one year low of $32.47 and a one year high of $41.48.
Owens & Minor (NYSE:OMI) last issued its quarterly earnings data on Tuesday, August 2nd. The company reported $0.52 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.49 by $0.03. The firm earned $2.48 billion during the quarter, compared to the consensus estimate of $2.47 billion. Owens & Minor had a net margin of 1.13% and a return on equity of 13.28%. The business’s revenue for the quarter was up 2.5% compared to the same quarter last year. During the same period last year, the business posted $0.46 earnings per share. Equities research analysts forecast that Owens & Minor will post $0.09 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, September 30th. Shareholders of record on Thursday, September 15th were given a dividend of $0.255 per share. The ex-dividend date of this dividend was Tuesday, September 13th. This represents a $1.02 annualized dividend and a yield of 2.98%. Owens & Minor’s dividend payout ratio is currently 56.67%.
Owens & Minor Company Profile
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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