Owens & Minor Downgraded to “Underperform” at Zacks (OMI)
Owens & Minor (NYSE:OMI) was downgraded by Zacks from a “neutral” rating to an “underperform” rating in a research report issued on Thursday. They currently have a $32.00 price target on the stock. Zacks‘s target price would indicate a potential downside of 4.90% from the company’s current price.
A number of other firms have also recently commented on OMI. Analysts at Credit Suisse reiterated an “underperform” rating on shares of Owens & Minor in a research note on Wednesday. They now have a $32.00 price target on the stock, down previously from $34.00. Separately, analysts at Robert W. Baird cut their price target on shares of Owens & Minor from $37.00 to $35.00 in a research note on Tuesday. Finally, analysts at Jefferies Group initiated coverage on shares of Owens & Minor in a research note on Wednesday, July 2nd. They set a “hold” rating and a $36.00 price target on the stock. Two investment analysts have rated the stock with a sell rating and three have assigned a hold rating to the stock. Owens & Minor has a consensus rating of “Hold” and an average target price of $33.75.
Shares of Owens & Minor (NYSE:OMI) traded down 0.80% on Thursday, hitting $33.38. 268,470 shares of the company’s stock traded hands. Owens & Minor has a one year low of $31.71 and a one year high of $38.55. The stock’s 50-day moving average is $34.56 and its 200-day moving average is $34.61. The company has a market cap of $2.080 billion and a price-to-earnings ratio of 20.90.
Owens & Minor (NYSE:OMI) last posted its quarterly earnings results on Monday, July 28th. The company reported $0.40 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.46 by $0.06. The company had revenue of $2.31 billion for the quarter, compared to the consensus estimate of $2.27 billion. During the same quarter in the prior year, the company posted $0.46 earnings per share. The company’s quarterly revenue was up 3.1% on a year-over-year basis. Analysts expect that Owens & Minor will post $1.85 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Tuesday, September 30th. Stockholders of record on Monday, September 15th will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 2.97%. The ex-dividend date is Thursday, September 11th.
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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