Owens & Minor Inc. (OMI) Receives Consensus Rating of “Hold” from Brokerages
Owens & Minor Inc. (NYSE:OMI) has earned an average recommendation of “Hold” from the six ratings firms that are covering the firm. Two investment analysts have rated the stock with a sell rating and four have assigned a hold rating to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $34.67.
OMI has been the topic of several recent analyst reports. Zacks Investment Research upgraded shares of Owens & Minor from a “sell” rating to a “hold” rating in a research note on Tuesday, August 9th. Bank of America Corp. initiated coverage on shares of Owens & Minor in a research note on Monday, September 12th. They issued a “neutral” rating on the stock.
Shares of Owens & Minor (NYSE:OMI) traded down 1.87% during mid-day trading on Tuesday, hitting $33.54. 121,902 shares of the company traded hands. The firm’s 50 day moving average price is $34.08 and its 200-day moving average price is $36.30. Owens & Minor has a 1-year low of $32.47 and a 1-year high of $41.48. The stock has a market capitalization of $2.09 billion, a PE ratio of 18.73 and a beta of 0.88.
This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at https://www.americanbankingnews.com/2016/10/11/owens-minor-inc-omi-receives-consensus-rating-of-hold-from-brokerages.html
Owens & Minor (NYSE:OMI) last released its quarterly earnings data on Tuesday, August 2nd. The company reported $0.52 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.49 by $0.03. The company earned $2.48 billion during the quarter, compared to the consensus estimate of $2.47 billion. Owens & Minor had a net margin of 1.13% and a return on equity of 13.28%. Owens & Minor’s revenue for the quarter was up 2.5% on a year-over-year basis. During the same period last year, the firm earned $0.46 EPS. On average, equities research analysts forecast that Owens & Minor will post $0.09 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, September 30th. Stockholders of record on Thursday, September 15th were given a dividend of $0.255 per share. This represents a $1.02 annualized dividend and a dividend yield of 2.98%. The ex-dividend date was Tuesday, September 13th. Owens & Minor’s dividend payout ratio (DPR) is currently 56.67%.
In other news, Director Craig R. Smith sold 7,500 shares of the firm’s stock in a transaction on Friday, August 5th. The shares were sold at an average price of $35.42, for a total transaction of $265,650.00. Following the sale, the director now owns 104,482 shares in the company, valued at approximately $3,700,752.44. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, SVP Erika T. Davis sold 2,900 shares of the firm’s stock in a transaction on Wednesday, August 31st. The shares were sold at an average price of $34.31, for a total transaction of $99,499.00. Following the sale, the senior vice president now owns 61,867 shares in the company, valued at approximately $2,122,656.77. The disclosure for this sale can be found here. Insiders own 1.72% of the company’s stock.
Several hedge funds have recently bought and sold shares of the stock. Bruderman Asset Management LLC boosted its stake in Owens & Minor by 58.5% in the second quarter. Bruderman Asset Management LLC now owns 3,788 shares of the company’s stock valued at $142,000 after buying an additional 1,398 shares during the period. SevenBridge Financial Group LLC acquired a new position in shares of Owens & Minor during the second quarter worth approximately $144,000. LS Investment Advisors LLC boosted its position in shares of Owens & Minor by 66.2% in the second quarter. LS Investment Advisors LLC now owns 4,144 shares of the company’s stock worth $155,000 after buying an additional 1,650 shares during the last quarter. Fuller & Thaler Asset Management Inc. boosted its position in shares of Owens & Minor by 54.8% in the second quarter. Fuller & Thaler Asset Management Inc. now owns 4,800 shares of the company’s stock worth $179,000 after buying an additional 1,700 shares during the last quarter. Finally, Los Angeles Capital Management & Equity Research Inc. acquired a new position in shares of Owens & Minor during the first quarter worth approximately $208,000. Hedge funds and other institutional investors own 96.91% of the company’s stock.
About Owens & Minor
Owens & Minor, Inc is a global healthcare services company. The Company provides supply chain assistance to the providers of healthcare services and the manufacturers of healthcare products, supplies and devices in the United States and Europe. The Company operates in two segments: Domestic and International.
Receive News & Ratings for Owens & Minor Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Owens & Minor Inc. and related companies with MarketBeat.com's FREE daily email newsletter.