Share on StockTwits

Owens & Minor (NYSE:OMI) Chairman Craig R. Smith sold 33,000 shares of Owens & Minor stock in a transaction dated Wednesday, September 3rd. The stock was sold at an average price of $34.18, for a total transaction of $1,127,940.00. Following the completion of the transaction, the chairman now directly owns 271,712 shares in the company, valued at approximately $9,287,116. The sale was disclosed in a legal filing with the SEC, which is available at this link.

A number of analysts have recently weighed in on OMI shares. Analysts at Zacks downgraded shares of Owens & Minor from a “neutral” rating to an “underperform” rating in a research note on Thursday, July 31st. They now have a $32.00 price target on the stock. Separately, analysts at Credit Suisse reiterated an “underperform” rating on shares of Owens & Minor in a research note on Wednesday, July 30th. They now have a $32.00 price target on the stock, down previously from $34.00. Finally, 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, July 29th. Two equities research analysts have rated the stock with a sell rating and three have given a hold rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $33.75.

Shares of Owens & Minor (NYSE:OMI) traded up 0.35% on Thursday, hitting $34.21. The stock had a trading volume of 106,722 shares. Owens & Minor has a 52-week low of $31.71 and a 52-week high of $38.55. The stock has a 50-day moving average of $33.93 and a 200-day moving average of $34.32. The company has a market cap of $2.157 billion and a P/E ratio of 21.17.

Owens & Minor (NYSE:OMI) last issued its quarterly earnings data on Monday, July 28th. The company reported $0.40 earnings per share for the quarter, missing the analysts’ 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 last year, the company posted $0.46 earnings per share. Owens & Minor’s revenue was up 3.1% compared to the same quarter last year. Analysts expect that Owens & Minor will post $1.83 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which is scheduled for Tuesday, September 30th. Investors of record on Monday, September 15th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 2.93%. The ex-dividend date of this dividend 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.

Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.