Owens & Minor, Inc. (OMI) Receives Consensus Rating of “Sell” from Analysts

Owens & Minor, Inc. (NYSE:OMI) has earned a consensus rating of “Sell” from the seven analysts that are presently covering the company, Marketbeat Ratings reports. Four analysts have rated the stock with a sell rating and three have issued a hold rating on the company. The average twelve-month target price among brokers that have covered the stock in the last year is $11.38.

A number of equities analysts have commented on OMI shares. Jefferies Financial Group restated a “hold” rating and set a $8.50 price objective on shares of Owens & Minor in a research report on Friday, November 2nd. Leerink Swann set a $9.00 price objective on shares of Owens & Minor and gave the stock a “hold” rating in a research report on Wednesday, October 31st. Bank of America downgraded shares of Owens & Minor from a “buy” rating to a “neutral” rating in a research report on Wednesday, October 31st. Finally, Barclays restated an “underweight” rating and set a $8.00 price objective (down previously from $12.00) on shares of Owens & Minor in a research report on Thursday, November 1st.

Several large investors have recently bought and sold shares of the company. BlackRock Inc. grew its stake in shares of Owens & Minor by 4.0% during the 3rd quarter. BlackRock Inc. now owns 8,945,534 shares of the company’s stock worth $147,781,000 after purchasing an additional 340,386 shares during the period. Vanguard Group Inc. grew its stake in shares of Owens & Minor by 0.5% during the 3rd quarter. Vanguard Group Inc. now owns 6,381,521 shares of the company’s stock worth $105,422,000 after purchasing an additional 33,197 shares during the period. Dimensional Fund Advisors LP grew its stake in shares of Owens & Minor by 13.3% during the 3rd quarter. Dimensional Fund Advisors LP now owns 4,978,799 shares of the company’s stock worth $82,250,000 after purchasing an additional 585,425 shares during the period. LSV Asset Management grew its stake in shares of Owens & Minor by 7.4% during the 2nd quarter. LSV Asset Management now owns 2,106,502 shares of the company’s stock worth $35,199,000 after purchasing an additional 144,614 shares during the period. Finally, Bank of New York Mellon Corp grew its stake in shares of Owens & Minor by 3.8% during the 3rd quarter. Bank of New York Mellon Corp now owns 1,431,700 shares of the company’s stock worth $23,651,000 after purchasing an additional 52,294 shares during the period. 90.59% of the stock is currently owned by institutional investors and hedge funds.

OMI stock traded up $0.02 on Friday, hitting $7.63. The company’s stock had a trading volume of 1,284,405 shares, compared to its average volume of 1,250,412. The company has a market cap of $475.11 million, a price-to-earnings ratio of 4.74, a price-to-earnings-growth ratio of 1.46 and a beta of 1.66. The company has a debt-to-equity ratio of 2.07, a current ratio of 1.71 and a quick ratio of 0.88. Owens & Minor has a 1 year low of $7.17 and a 1 year high of $22.91.

Owens & Minor (NYSE:OMI) last announced its quarterly earnings data on Wednesday, October 31st. The company reported $0.32 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.32. The company had revenue of $2.46 billion during the quarter, compared to the consensus estimate of $2.54 billion. Owens & Minor had a negative net margin of 1.57% and a positive return on equity of 9.50%. Owens & Minor’s quarterly revenue was up 5.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.40 EPS. As a group, analysts anticipate that Owens & Minor will post 1.22 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 2nd. Shareholders of record on Monday, December 17th will be given a dividend of $0.075 per share. The ex-dividend date is Friday, December 14th. This represents a $0.30 dividend on an annualized basis and a yield of 3.93%. Owens & Minor’s payout ratio is currently 64.60%.

About Owens & Minor

Owens & Minor, Inc, together with its subsidiaries, operates as a healthcare services company in the United States, the United Kingdom, Ireland, France, Germany, and other European countries. It operates through three segments: Domestic, International, and Proprietary Products. The company offers supply chain assistance to the providers of healthcare services; and the manufacturers of healthcare products, supplies, and devices.

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Analyst Recommendations for Owens & Minor (NYSE:OMI)

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