Shares of Owens & Minor, Inc. (NYSE:OMI) have been given a consensus rating of “Hold” by the eight research firms that are presently covering the stock, MarketBeat Ratings reports. Three investment analysts have rated the stock with a sell recommendation and four have given a hold recommendation to the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $25.90.

A number of research analysts recently commented on the stock. Jefferies Group reaffirmed a “hold” rating and set a $32.00 price objective (down from $36.00) on shares of Owens & Minor in a research report on Wednesday, August 9th. Zacks Investment Research downgraded shares of Owens & Minor from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 4th. Robert W. Baird reaffirmed a “hold” rating and set a $28.00 price objective on shares of Owens & Minor in a research report on Thursday, October 12th. Leerink Swann reaffirmed a “market perform” rating and set a $23.00 price objective (down from $34.00) on shares of Owens & Minor in a research report on Thursday, November 2nd. Finally, UBS reaffirmed a “sell” rating and set a $29.50 price objective (down from $30.50) on shares of Owens & Minor in a research report on Wednesday, August 9th.

Owens & Minor (OMI) traded down $0.32 during mid-day trading on Thursday, hitting $18.84. 847,300 shares of the stock were exchanged, compared to its average volume of 832,367. Owens & Minor has a twelve month low of $17.75 and a twelve month high of $37.02. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.77 and a quick ratio of 0.95. The firm has a market capitalization of $1,173.54, a price-to-earnings ratio of 10.89, a P/E/G ratio of 2.05 and a beta of 0.87.

Owens & Minor (NYSE:OMI) last released its quarterly earnings results on Wednesday, November 1st. The company reported $0.40 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.50 by ($0.10). Owens & Minor had a net margin of 0.83% and a return on equity of 10.85%. The firm had revenue of $2.33 billion for the quarter, compared to analyst estimates of $2.40 billion. During the same quarter in the prior year, the firm earned $0.51 EPS. The firm’s revenue was down 3.4% compared to the same quarter last year. equities research analysts predict that Owens & Minor will post 1.78 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Friday, December 15th will be given a dividend of $0.2575 per share. This represents a $1.03 dividend on an annualized basis and a yield of 5.47%. The ex-dividend date of this dividend is Thursday, December 14th. Owens & Minor’s payout ratio is presently 80.47%.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Isthmus Partners LLC grew its position in Owens & Minor by 0.4% during the second quarter. Isthmus Partners LLC now owns 17,425 shares of the company’s stock valued at $561,000 after purchasing an additional 74 shares in the last quarter. Blair William & Co. IL grew its position in Owens & Minor by 0.5% in the second quarter. Blair William & Co. IL now owns 20,638 shares of the company’s stock worth $664,000 after acquiring an additional 97 shares in the last quarter. Creative Planning grew its position in Owens & Minor by 2.9% in the second quarter. Creative Planning now owns 4,021 shares of the company’s stock worth $129,000 after acquiring an additional 113 shares in the last quarter. Security National Bank of Sioux City Iowa IA grew its position in Owens & Minor by 1.4% in the second quarter. Security National Bank of Sioux City Iowa IA now owns 18,871 shares of the company’s stock worth $607,000 after acquiring an additional 267 shares in the last quarter. Finally, Northwestern Mutual Investment Management Company LLC grew its position in Owens & Minor by 3.1% in the second quarter. Northwestern Mutual Investment Management Company LLC now owns 10,840 shares of the company’s stock worth $405,000 after acquiring an additional 321 shares in the last quarter. 97.71% of the stock is currently owned by hedge funds and other institutional investors.

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Owens & Minor Company Profile

Owens & Minor, Inc is a healthcare services company that connects the world of medical products to the point of care. The Company provides supply chain assistance to the providers of healthcare services and the manufacturers of healthcare products, supplies and devices. The Company’s segments include Domestic, International and Clinical & Procedural Solutions (CPS).

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