Brokerages Set Owens & Minor, Inc. (OMI) PT at $25.90
Shares of Owens & Minor, Inc. (NYSE:OMI) have been assigned a consensus rating of “Hold” from the eight research firms that are covering the company, Marketbeat Ratings reports. Three research analysts have rated the stock with a sell recommendation and four have assigned a hold recommendation to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $25.90.
Several equities research analysts recently weighed in on the company. Zacks Investment Research lowered Owens & Minor from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 4th. Robert W. Baird reissued a “hold” rating and issued a $28.00 price objective on shares of Owens & Minor in a report on Thursday, October 12th. Leerink Swann reissued a “market perform” rating and issued a $23.00 price objective (down previously from $34.00) on shares of Owens & Minor in a report on Thursday, November 2nd. Finally, Credit Suisse Group reissued an “underperform” rating and issued a $17.00 price objective (down previously from $31.00) on shares of Owens & Minor in a report on Monday, November 20th.
A number of hedge funds have recently bought and sold shares of OMI. Flinton Capital Management LLC grew its holdings in Owens & Minor by 62.7% during the 2nd quarter. Flinton Capital Management LLC now owns 3,904 shares of the company’s stock valued at $126,000 after buying an additional 1,504 shares in the last quarter. Creative Planning grew its holdings in shares of Owens & Minor by 2.9% during the second quarter. Creative Planning now owns 4,021 shares of the company’s stock worth $129,000 after purchasing an additional 113 shares in the last quarter. LS Investment Advisors LLC grew its holdings in shares of Owens & Minor by 17.1% during the second quarter. LS Investment Advisors LLC now owns 4,987 shares of the company’s stock worth $161,000 after purchasing an additional 727 shares in the last quarter. Legg Mason Asset Management Japan Co. Ltd. purchased a new position in shares of Owens & Minor during the second quarter worth about $171,000. Finally, Riverhead Capital Management LLC grew its holdings in shares of Owens & Minor by 65.6% during the second quarter. Riverhead Capital Management LLC now owns 6,128 shares of the company’s stock worth $197,000 after purchasing an additional 2,428 shares in the last quarter. 97.71% of the stock is owned by institutional investors and hedge funds.
Owens & Minor (OMI) traded down $0.13 during midday trading on Thursday, hitting $18.73. The stock had a trading volume of 935,779 shares, compared to its average volume of 1,374,035. The company has a market cap of $1,147.21, a PE ratio of 10.64, a price-to-earnings-growth ratio of 2.01 and a beta of 0.87. Owens & Minor has a 12 month low of $17.75 and a 12 month high of $37.02. The company has a quick ratio of 0.95, a current ratio of 1.77 and a debt-to-equity ratio of 0.91.
Owens & Minor (NYSE:OMI) last released its earnings results on Wednesday, November 1st. The company reported $0.40 EPS for the quarter, missing the Zacks’ consensus estimate of $0.50 by ($0.10). The business had revenue of $2.33 billion for the quarter, compared to the consensus estimate of $2.40 billion. Owens & Minor had a return on equity of 10.85% and a net margin of 0.83%. The company’s revenue for the quarter was down 3.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.51 earnings per share. equities research analysts forecast that Owens & Minor will post 1.78 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Friday, December 15th will be issued a $0.2575 dividend. This represents a $1.03 annualized dividend and a yield of 5.50%. The ex-dividend date of this dividend is Thursday, December 14th. Owens & Minor’s dividend payout ratio (DPR) is currently 80.47%.
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About Owens & Minor
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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