Owens & Minor (OMI) – Research Analysts’ Weekly Ratings Updates

Owens & Minor (NYSE: OMI) recently received a number of ratings updates from brokerages and research firms:

• 11/5/2024 – Owens & Minor had its price target lowered by analysts at Robert W. Baird from $19.00 to $14.00. They now have a “neutral” rating on the stock.
• 11/5/2024 – Owens & Minor had its price target lowered by analysts at Barclays PLC from $18.00 to $14.00. They now have an “equal weight” rating on the stock.
• 11/5/2024 – Owens & Minor had its price target lowered by analysts at UBS Group AG from $28.00 to $25.00. They now have a “buy” rating on the stock.
• 11/5/2024 – Owens & Minor had its price target lowered by analysts at Citigroup Inc. from $21.00 to $18.50. They now have a “buy” rating on the stock.

Owens & Minor Price Performance

Shares of OMI opened at $12.35 on Monday. The company has a 50 day moving average of $13.75 and a two-hundred day moving average of $15.16. The company has a quick ratio of 0.45, a current ratio of 1.09 and a debt-to-equity ratio of 2.11. Owens & Minor, Inc. has a twelve month low of $11.42 and a twelve month high of $28.35. The company has a market cap of $952.31 million, a price-to-earnings ratio of -19.00, a price-to-earnings-growth ratio of 0.43 and a beta of 0.41.

Owens & Minor (NYSE:OMI) last posted its quarterly earnings data on Monday, November 4th. The company reported $0.42 earnings per share for the quarter, topping analysts’ consensus estimates of $0.41 by $0.01. Owens & Minor had a positive return on equity of 14.60% and a negative net margin of 0.46%. The firm had revenue of $2.72 billion during the quarter, compared to analysts’ expectations of $2.68 billion. During the same quarter last year, the firm earned $0.44 EPS. The business’s quarterly revenue was up 5.0% on a year-over-year basis. As a group, analysts predict that Owens & Minor, Inc. will post 1.49 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Owens & Minor

Several hedge funds have recently modified their holdings of OMI. DekaBank Deutsche Girozentrale grew its position in Owens & Minor by 76.6% during the 2nd quarter. DekaBank Deutsche Girozentrale now owns 3,126 shares of the company’s stock worth $43,000 after purchasing an additional 1,356 shares during the last quarter. Arizona State Retirement System grew its holdings in shares of Owens & Minor by 7.7% during the second quarter. Arizona State Retirement System now owns 20,371 shares of the company’s stock valued at $275,000 after buying an additional 1,449 shares during the last quarter. Quarry LP increased its position in shares of Owens & Minor by 290.1% in the 2nd quarter. Quarry LP now owns 2,099 shares of the company’s stock valued at $28,000 after acquiring an additional 1,561 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Owens & Minor by 11.9% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 15,364 shares of the company’s stock worth $207,000 after acquiring an additional 1,630 shares during the last quarter. Finally, The Manufacturers Life Insurance Company raised its stake in Owens & Minor by 4.9% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 36,366 shares of the company’s stock worth $491,000 after acquiring an additional 1,709 shares during the last quarter. Institutional investors and hedge funds own 98.04% of the company’s stock.

Owens & Minor, Inc, together with its subsidiaries, operates as a healthcare solutions company worldwide. It operates through Products & Healthcare Services and Patient Direct segments. The Products & Healthcare Services segment offers a portfolio of products and services to healthcare providers and manufacturers.