Owens & Minor (NYSE:OMI) Releases FY24 Earnings Guidance

Owens & Minor (NYSE:OMI) updated its FY24 earnings guidance on Friday. The company provided EPS guidance of $1.40-1.70 for the period, compared to the consensus EPS estimate of $1.57. The company issued revenue guidance of $10.5-10.9 billion, compared to the consensus revenue estimate of $10.66 billion. Owens & Minor also updated its FY 2024 guidance to 1.400-1.700 EPS.

Analyst Ratings Changes

Several analysts have weighed in on OMI shares. StockNews.com raised shares of Owens & Minor from a hold rating to a buy rating in a research report on Wednesday, February 21st. SVB Leerink began coverage on shares of Owens & Minor in a research report on Monday, February 26th. They issued a market perform rating and a $24.00 target price for the company. Robert W. Baird increased their target price on shares of Owens & Minor from $24.00 to $28.00 and gave the company a neutral rating in a research report on Wednesday, April 10th. Citigroup upped their price objective on shares of Owens & Minor from $24.00 to $28.00 and gave the company a neutral rating in a report on Tuesday. Finally, TheStreet raised shares of Owens & Minor from a d+ rating to a c- rating in a research note on Monday, March 4th. One analyst has rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of Hold and a consensus price target of $23.86.

Owens & Minor Stock Performance

Shares of OMI traded down $6.30 during midday trading on Friday, hitting $18.21. 3,025,508 shares of the stock traded hands, compared to its average volume of 664,330. Owens & Minor has a 1-year low of $13.34 and a 1-year high of $28.35. The business’s 50 day moving average price is $25.46 and its two-hundred day moving average price is $21.37. The company has a debt-to-equity ratio of 2.05, a quick ratio of 0.52 and a current ratio of 1.11. The firm has a market capitalization of $1.39 billion, a PE ratio of -33.72, a price-to-earnings-growth ratio of 0.76 and a beta of 0.52.

Owens & Minor (NYSE:OMI) last posted its quarterly earnings data on Tuesday, February 20th. The company reported $0.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.66 by $0.03. Owens & Minor had a positive return on equity of 11.62% and a negative net margin of 0.40%. The firm had revenue of $2.66 billion for the quarter, compared to the consensus estimate of $2.67 billion. During the same quarter in the previous year, the company earned $0.28 EPS. The business’s revenue for the quarter was up 4.1% compared to the same quarter last year. Equities research analysts predict that Owens & Minor will post 1.54 EPS for the current fiscal year.

Insider Activity at Owens & Minor

In other Owens & Minor news, SVP Jonathan A. Leon sold 5,000 shares of the company’s stock in a transaction that occurred on Monday, April 22nd. The stock was sold at an average price of $24.84, for a total transaction of $124,200.00. Following the completion of the sale, the senior vice president now owns 84,673 shares of the company’s stock, valued at $2,103,277.32. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, SVP Jonathan A. Leon sold 5,000 shares of the company’s stock in a transaction on Monday, April 22nd. The stock was sold at an average price of $24.84, for a total value of $124,200.00. Following the completion of the transaction, the senior vice president now directly owns 84,673 shares in the company, valued at $2,103,277.32. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Michael Wayne Lowry sold 10,000 shares of the company’s stock in a transaction on Tuesday, February 27th. The shares were sold at an average price of $25.00, for a total value of $250,000.00. Following the completion of the transaction, the senior vice president now owns 71,654 shares of the company’s stock, valued at $1,791,350. The disclosure for this sale can be found here. 3.59% of the stock is currently owned by company insiders.

About Owens & Minor

Owens & Minor, Inc, together with its subsidiaries, operates as a healthcare solutions company worldwide. It operates through Products & Healthcare Services and Patient Direct segments. The Products & Healthcare Services segment offers a portfolio of products and services to healthcare providers and manufacturers.