Owens & Minor, Inc. (NYSE:OMI) Given Average Rating of “Hold” by Brokerages

Owens & Minor, Inc. (NYSE:OMI) has been given a consensus rating of “Hold” by the seven research firms that are covering the stock, MarketBeat.com reports. Three analysts have rated the stock with a sell recommendation and four have given a hold recommendation to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $6.70.

A number of brokerages have recently commented on OMI. Bank of America reaffirmed a “neutral” rating and set a $4.50 target price (down from $7.00) on shares of Owens & Minor in a research report on Wednesday, April 10th. Zacks Investment Research raised shares of Owens & Minor from a “sell” rating to a “hold” rating in a research report on Friday, May 17th. Jefferies Financial Group reaffirmed a “hold” rating and set a $7.00 target price on shares of Owens & Minor in a research report on Thursday, February 21st. ValuEngine lowered shares of Owens & Minor from a “sell” rating to a “strong sell” rating in a research report on Wednesday, May 1st. Finally, Barclays reaffirmed a “sell” rating and set a $5.00 target price on shares of Owens & Minor in a research report on Thursday, February 21st.

Shares of NYSE:OMI opened at $2.81 on Thursday. The company has a market cap of $174.96 million, a PE ratio of 2.44, a P/E/G ratio of 1.15 and a beta of 1.63. Owens & Minor has a one year low of $2.61 and a one year high of $19.16. The company has a debt-to-equity ratio of 3.67, a quick ratio of 0.89 and a current ratio of 1.75.

Owens & Minor (NYSE:OMI) last issued its earnings results on Tuesday, May 7th. The company reported $0.02 EPS for the quarter, missing the Zacks’ consensus estimate of $0.04 by ($0.02). The company had revenue of $2.46 billion for the quarter, compared to analysts’ expectations of $2.45 billion. Owens & Minor had a positive return on equity of 6.92% and a negative net margin of 4.63%. The business’s revenue was up 3.7% compared to the same quarter last year. During the same period last year, the business posted $0.43 earnings per share. Sell-side analysts anticipate that Owens & Minor will post 0.58 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 14th will be issued a dividend of $0.0025 per share. This represents a $0.01 annualized dividend and a yield of 0.36%. The ex-dividend date is Thursday, June 13th. Owens & Minor’s payout ratio is 0.87%.

A number of hedge funds have recently modified their holdings of the stock. Morgan Stanley increased its holdings in Owens & Minor by 13.2% during the first quarter. Morgan Stanley now owns 1,478,977 shares of the company’s stock valued at $6,064,000 after buying an additional 172,142 shares during the period. Goldman Sachs Group Inc. increased its holdings in Owens & Minor by 8.4% during the first quarter. Goldman Sachs Group Inc. now owns 708,446 shares of the company’s stock valued at $2,904,000 after buying an additional 54,929 shares during the period. Hsbc Holdings PLC increased its holdings in Owens & Minor by 14.3% during the first quarter. Hsbc Holdings PLC now owns 22,085 shares of the company’s stock valued at $91,000 after buying an additional 2,770 shares during the period. Voya Investment Management LLC increased its holdings in Owens & Minor by 41.9% during the first quarter. Voya Investment Management LLC now owns 95,063 shares of the company’s stock valued at $390,000 after buying an additional 28,088 shares during the period. Finally, Geode Capital Management LLC increased its holdings in Owens & Minor by 12.4% during the first quarter. Geode Capital Management LLC now owns 742,250 shares of the company’s stock valued at $3,043,000 after buying an additional 81,937 shares during the period. 90.39% of the stock is currently owned by institutional investors.

About Owens & Minor

Owens & Minor, Inc, together with its subsidiaries, operates as a healthcare solutions company in the United States and internationally. It operates through two segments, Global Solutions and Global Products. The Global Solutions segment offers a portfolio of products and services to healthcare providers and manufacturers.

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Analyst Recommendations for Owens & Minor (NYSE:OMI)

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