Owens & Minor, Inc. (OMI) Receives Average Recommendation of “Hold” from Brokerages
Shares of Owens & Minor, Inc. (NYSE:OMI) have been given a consensus rating of “Hold” by the six analysts that are currently covering the company, MarketBeat reports. Three investment analysts have rated the stock with a sell recommendation, one has issued a hold recommendation and one has assigned a buy recommendation to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $31.88.
Several equities analysts recently commented on OMI shares. Zacks Investment Research cut Owens & Minor from a “hold” rating to a “sell” rating in a research report on Friday, May 5th. TheStreet cut Owens & Minor from a “b” rating to a “c+” rating in a research report on Thursday, May 4th. Jefferies Group LLC set a $36.00 target price on Owens & Minor and gave the stock a “hold” rating in a research report on Monday, May 22nd. BidaskClub upgraded Owens & Minor from a “sell” rating to a “hold” rating in a research report on Tuesday, June 13th. Finally, UBS AG restated a “sell” rating and set a $29.50 target price (down from $30.50) on shares of Owens & Minor in a research report on Thursday, August 3rd.
Owens & Minor (NYSE OMI) traded up 0.73% during midday trading on Tuesday, reaching $27.58. 603,202 shares of the company’s stock were exchanged. The company has a market cap of $1.69 billion, a P/E ratio of 17.54 and a beta of 1.01. Owens & Minor has a 12 month low of $26.91 and a 12 month high of $37.02. The company has a 50 day moving average price of $30.03 and a 200 day moving average price of $32.78.
Owens & Minor (NYSE:OMI) last posted its earnings results on Tuesday, August 1st. The company reported $0.43 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.43. Owens & Minor had a return on equity of 11.64% and a net margin of 1.02%. The business had revenue of $2.27 billion during the quarter, compared to analysts’ expectations of $2.38 billion. During the same period in the previous year, the business earned $0.52 earnings per share. The firm’s revenue was down 8.8% on a year-over-year basis. On average, equities analysts anticipate that Owens & Minor will post $1.92 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 15th will be given a dividend of $0.2575 per share. This represents a $1.03 annualized dividend and a yield of 3.73%. The ex-dividend date is Thursday, September 14th. Owens & Minor’s payout ratio is 65.19%.
A number of institutional investors have recently bought and sold shares of the company. Teachers Advisors LLC boosted its position in Owens & Minor by 2.5% in the fourth quarter. Teachers Advisors LLC now owns 107,121 shares of the company’s stock valued at $3,780,000 after buying an additional 2,613 shares during the last quarter. Bank of Montreal Can boosted its position in Owens & Minor by 1.0% in the first quarter. Bank of Montreal Can now owns 34,212 shares of the company’s stock valued at $1,183,000 after buying an additional 343 shares during the last quarter. Louisiana State Employees Retirement System boosted its position in Owens & Minor by 1.3% in the first quarter. Louisiana State Employees Retirement System now owns 15,400 shares of the company’s stock worth $533,000 after buying an additional 200 shares during the last quarter. Nationwide Fund Advisors boosted its position in Owens & Minor by 33.6% in the first quarter. Nationwide Fund Advisors now owns 271,924 shares of the company’s stock worth $9,409,000 after buying an additional 68,455 shares during the last quarter. Finally, Glen Harbor Capital Management LLC boosted its position 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 last quarter. Institutional investors and hedge funds own 97.82% of the company’s stock.
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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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