Owens & Minor (OMI) Stock Price Up 11.2%

Owens & Minor, Inc. (NYSE:OMI)’s share price rose 11.2% during trading on Wednesday . The stock traded as high as $7.23 and last traded at $7.04. Approximately 1,917,297 shares changed hands during trading, an increase of 31% from the average daily volume of 1,464,966 shares. The stock had previously closed at $6.33.

OMI has been the subject of several recent analyst reports. Jefferies Financial Group restated a “hold” rating and set a $8.50 target price on shares of Owens & Minor in a research report on Friday, November 2nd. Leerink Swann set a $9.00 target price on Owens & Minor and gave the stock a “hold” rating in a research report on Wednesday, October 31st. Bank of America cut Owens & Minor from a “buy” rating to a “neutral” rating in a research report on Wednesday, October 31st. Zacks Investment Research cut Owens & Minor from a “hold” rating to a “sell” rating in a research report on Tuesday. Finally, Barclays restated a “sell” rating and set a $6.00 target price on shares of Owens & Minor in a research report on Sunday, January 6th. Four research analysts have rated the stock with a sell rating and three have given a hold rating to the company. The company has a consensus rating of “Sell” and an average price target of $10.10.

The company has a quick ratio of 0.88, a current ratio of 1.71 and a debt-to-equity ratio of 2.07. The firm has a market capitalization of $438.37 million, a PE ratio of 4.48, a PEG ratio of 1.53 and a beta of 1.63.



Owens & Minor (NYSE:OMI) last posted its quarterly earnings data on Wednesday, October 31st. The company reported $0.32 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.32. Owens & Minor had a positive return on equity of 9.50% and a negative net margin of 1.57%. The firm had revenue of $2.46 billion during the quarter, compared to analysts’ expectations of $2.54 billion. During the same period in the prior year, the business earned $0.40 EPS. The company’s revenue for the quarter was up 5.6% compared to the same quarter last year. As a group, analysts expect that Owens & Minor, Inc. will post 1.22 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 2nd. Stockholders of record on Monday, December 17th were issued a $0.075 dividend. This represents a $0.30 dividend on an annualized basis and a dividend yield of 4.16%. The ex-dividend date was Friday, December 14th. Owens & Minor’s payout ratio is currently 18.63%.

Several institutional investors and hedge funds have recently bought and sold shares of the company. BlackRock Inc. lifted its stake in shares of Owens & Minor by 4.0% in the 3rd quarter. BlackRock Inc. now owns 8,945,534 shares of the company’s stock valued at $147,781,000 after acquiring an additional 340,386 shares during the last quarter. Vanguard Group Inc. lifted its stake in shares of Owens & Minor by 0.5% in the 3rd quarter. Vanguard Group Inc. now owns 6,381,521 shares of the company’s stock valued at $105,422,000 after acquiring an additional 33,197 shares during the last quarter. Vanguard Group Inc lifted its stake in shares of Owens & Minor by 0.5% in the 3rd quarter. Vanguard Group Inc now owns 6,381,521 shares of the company’s stock valued at $105,422,000 after acquiring an additional 33,197 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Owens & Minor by 13.3% in the 3rd quarter. Dimensional Fund Advisors LP now owns 4,978,799 shares of the company’s stock valued at $82,250,000 after acquiring an additional 585,425 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its stake in shares of Owens & Minor by 3.8% in the 3rd quarter. Bank of New York Mellon Corp now owns 1,431,700 shares of the company’s stock valued at $23,651,000 after acquiring an additional 52,294 shares during the last quarter. Hedge funds and other institutional investors own 88.83% of the company’s stock.

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Owens & Minor Company Profile (NYSE:OMI)

Owens & Minor, Inc, together with its subsidiaries, operates as a healthcare services company in the United States, the United Kingdom, Ireland, France, Germany, and other European countries. It operates through three segments: Domestic, International, and Proprietary Products. The company offers supply chain assistance to the providers of healthcare services; and the manufacturers of healthcare products, supplies, and devices.

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