Owens & Minor Inc. Sets New 1-Year High at $36.71 (OMI)
Owens & Minor (NYSE:OMI)’s share price reached a new 52-week high during mid-day trading on Thursday, Analyst Ratings Network reports. The stock traded as high as $36.71 and last traded at $36.55, with a volume of 284,247 shares traded. The stock had previously closed at $36.04.
Separately, analysts at Robert W. Baird upgraded shares of Owens & Minor from an “underperform” rating to a “neutral” rating in a research note to investors on Wednesday, July 31st. They now have a $35.00 price target on the stock, up previously from $32.00.
Owens & Minor has a 1-year low of $26.97 and a 1-year high of $36.88. The stock has a 50-day moving average of $34.80 and a 200-day moving average of $34.18. The company has a market cap of $2.329 billion and a price-to-earnings ratio of 21.82.
Owens & Minor (NYSE:OMI) last announced its earnings results on Monday, July 29th. The company reported $0.46 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.46. The company had revenue of $2.27 billion for the quarter, compared to the consensus estimate of $2.28 billion. During the same quarter in the prior year, the company posted $0.48 earnings per share. The company’s quarterly revenue was up 3.7% on a year-over-year basis. Analysts expect that Owens & Minor will post $1.90 EPS for the current fiscal year.
Owens & Minor, Inc is a provider of third-party logistics (NYSE:OMI) services to manufacturers and suppliers of healthcare and life-science products.
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