Owens & Minor, Inc. (NYSE:OMI) dropped 5.4% on Tuesday . The company traded as low as $17.75 and last traded at $18.10. Approximately 2,254,600 shares traded hands during mid-day trading, an increase of 176% from the average daily volume of 816,472 shares. The stock had previously closed at $19.14.

OMI has been the subject of a number of research analyst reports. UBS AG reiterated a “sell” rating and issued a $29.50 price target (down from $30.50) on shares of Owens & Minor in a report on Thursday, August 3rd. Zacks Investment Research downgraded Owens & Minor from a “hold” rating to a “sell” rating in a report on Thursday, October 12th. Leerink Swann reiterated a “market perform” rating and issued a $23.00 price target (down from $34.00) on shares of Owens & Minor in a report on Thursday, November 2nd. Robert W. Baird upgraded Owens & Minor from an “underperform” rating to a “neutral” rating and set a $28.00 price target for the company in a report on Friday, September 1st. Finally, Credit Suisse Group reiterated an “underperform” rating and issued a $17.00 price target (down from $31.00) on shares of Owens & Minor in a report on Monday. Three research analysts have rated the stock with a sell rating and four have given a hold rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $27.25.

The firm has a market capitalization of $1,126.99, a P/E ratio of 10.45, a P/E/G ratio of 1.97 and a beta of 0.97. 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 issued its quarterly earnings data 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 company 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%. Owens & Minor’s quarterly revenue was down 3.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.51 earnings per share. equities analysts predict that Owens & Minor, Inc. will post 1.78 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Friday, December 15th will be paid a dividend of $0.2575 per share. The ex-dividend date of this dividend is Thursday, December 14th. This represents a $1.03 dividend on an annualized basis and a yield of 5.42%. Owens & Minor’s payout ratio is currently 80.47%.

A number of institutional investors and hedge funds have recently modified their holdings of OMI. Flinton Capital Management LLC boosted its position in Owens & Minor by 62.7% during the 2nd quarter. Flinton Capital Management LLC now owns 3,904 shares of the company’s stock worth $126,000 after acquiring an additional 1,504 shares during the period. Creative Planning boosted its position in Owens & Minor by 2.9% during the 2nd quarter. Creative Planning now owns 4,021 shares of the company’s stock worth $129,000 after acquiring an additional 113 shares during the period. LS Investment Advisors LLC boosted its position in Owens & Minor by 17.1% during the 2nd quarter. LS Investment Advisors LLC now owns 4,987 shares of the company’s stock worth $161,000 after acquiring an additional 727 shares during the period. Legg Mason Asset Management Japan Co. Ltd. acquired a new position in Owens & Minor during the 2nd quarter worth $171,000. Finally, Riverhead Capital Management LLC boosted its position in Owens & Minor by 65.6% during the 2nd quarter. Riverhead Capital Management LLC now owns 6,128 shares of the company’s stock worth $197,000 after acquiring an additional 2,428 shares during the period. Hedge funds and other institutional investors own 97.10% of the company’s stock.

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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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