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

Owens & Minor, Inc. (NYSE:OMI) has received a consensus recommendation of “Hold” from the eight research firms that are presently covering the company, MarketBeat Ratings reports. Three investment analysts have rated the stock with a sell recommendation, one has issued a hold recommendation, three have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $7.6250.

OMI has been the topic of a number of recent research reports. Bank of America cut their price objective on shares of Owens & Minor from $7.50 to $4.75 and set an “underperform” rating on the stock in a report on Tuesday, August 12th. JPMorgan Chase & Co. cut their price target on shares of Owens & Minor from $7.00 to $6.00 and set an “underweight” rating on the stock in a report on Wednesday, August 27th. UBS Group set a $7.00 price target on shares of Owens & Minor in a report on Wednesday, August 13th. Zacks Research cut shares of Owens & Minor from a “hold” rating to a “strong sell” rating in a report on Tuesday, September 2nd. Finally, Citigroup reiterated a “buy” rating and set a $7.00 price target (down previously from $11.00) on shares of Owens & Minor in a report on Tuesday, August 12th.

Owens & Minor Price Performance

Shares of OMI opened at $4.79 on Monday. The stock has a market cap of $369.59 million, a PE ratio of -0.31 and a beta of 1.03. The company has a debt-to-equity ratio of 3.32, a quick ratio of 0.83 and a current ratio of 0.86. Owens & Minor has a fifty-two week low of $4.56 and a fifty-two week high of $16.38. The firm’s 50-day simple moving average is $5.86 and its two-hundred day simple moving average is $7.13.

Owens & Minor (NYSE:OMI) last announced its quarterly earnings data on Monday, August 11th. The company reported $0.26 earnings per share for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.01). The business had revenue of $681.90 million during the quarter, compared to analysts’ expectations of $2.73 billion. Owens & Minor had a positive return on equity of 26.59% and a negative net margin of 13.78%.Owens & Minor’s revenue for the quarter was up 3.3% compared to the same quarter last year. During the same quarter last year, the company posted $0.36 EPS. Owens & Minor has set its FY 2025 guidance at 1.020-1.070 EPS. Analysts anticipate that Owens & Minor will post 1.51 earnings per share for the current fiscal year.

Insider Activity at Owens & Minor

In other news, major shareholder Coliseum Capital Management, L purchased 492,852 shares of the business’s stock in a transaction dated Thursday, August 14th. The shares were purchased at an average price of $5.31 per share, for a total transaction of $2,617,044.12. Following the completion of the acquisition, the insider directly owned 13,100,807 shares in the company, valued at $69,565,285.17. This represents a 3.91% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders have purchased a total of 1,537,852 shares of company stock worth $8,099,544 in the last 90 days. Corporate insiders own 3.69% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Goldman Sachs Group Inc. lifted its position in Owens & Minor by 43.9% during the first quarter. Goldman Sachs Group Inc. now owns 576,799 shares of the company’s stock valued at $5,208,000 after purchasing an additional 175,866 shares during the period. AQR Capital Management LLC lifted its position in Owens & Minor by 171.2% during the first quarter. AQR Capital Management LLC now owns 634,914 shares of the company’s stock valued at $5,733,000 after purchasing an additional 400,833 shares during the period. Allspring Global Investments Holdings LLC lifted its position in Owens & Minor by 54.0% during the first quarter. Allspring Global Investments Holdings LLC now owns 45,360 shares of the company’s stock valued at $410,000 after purchasing an additional 15,898 shares during the period. GAMMA Investing LLC lifted its position in Owens & Minor by 713.4% during the first quarter. GAMMA Investing LLC now owns 9,265 shares of the company’s stock valued at $84,000 after purchasing an additional 8,126 shares during the period. Finally, Paradigm Capital Management Inc. NY bought a new position in Owens & Minor during the first quarter valued at approximately $542,000. Institutional investors own 98.04% of the company’s stock.

About Owens & Minor

Owens & Minor, Inc is a healthcare solutions company, which engages in the product manufacturing and delivery, home health supply, and perioperative services to support care through the hospital and into the home. It operates through the Products and Healthcare Services, and Patient Direct segments.