Owens & Minor (OMI) Sets New 1-Year Low at $4.38

Share on StockTwits

Shares of Owens & Minor, Inc. (NYSE:OMI) hit a new 52-week low during trading on Wednesday . The stock traded as low as $4.38 and last traded at $4.52, with a volume of 1042133 shares changing hands. The stock had previously closed at $4.54.

Several analysts have recently commented on OMI shares. Zacks Investment Research lowered Owens & Minor from a “hold” rating to a “sell” rating in a report on Tuesday, January 8th. Barclays reiterated a “sell” rating and set a $6.00 price objective on shares of Owens & Minor in a report on Sunday, January 6th. Jefferies Financial Group reiterated a “hold” rating and set a $7.00 price objective on shares of Owens & Minor in a report on Thursday, February 21st. ValuEngine upgraded Owens & Minor from a “sell” rating to a “hold” rating in a report on Saturday, February 2nd. Finally, UBS Group started coverage on Owens & Minor in a report on Thursday, January 17th. They set a “neutral” rating and a $8.00 price objective for the company. Three research analysts have rated the stock with a sell rating and four have assigned a hold rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $7.20.

The company has a quick ratio of 0.85, a current ratio of 1.72 and a debt-to-equity ratio of 3.18. The firm has a market cap of $284.41 million, a P/E ratio of 3.97, a price-to-earnings-growth ratio of 2.09 and a beta of 1.72.

Owens & Minor (NYSE:OMI) last issued its quarterly earnings data on Tuesday, February 19th. The company reported $0.09 EPS for the quarter, missing the consensus estimate of $0.14 by ($0.05). The business had revenue of $2.54 billion for the quarter, compared to analysts’ expectations of $2.51 billion. Owens & Minor had a negative net margin of 4.44% and a positive return on equity of 8.99%. The business’s revenue for the quarter was up 6.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.38 EPS. As a group, analysts expect that Owens & Minor, Inc. will post 0.64 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, March 29th. Investors of record on Friday, March 15th will be paid a $0.0025 dividend. The ex-dividend date of this dividend is Thursday, March 14th. This represents a $0.01 dividend on an annualized basis and a yield of 0.22%. Owens & Minor’s dividend payout ratio (DPR) is 0.87%.

Hedge funds have recently modified their holdings of the stock. FMR LLC raised its stake in Owens & Minor by 159,300.0% in the 4th quarter. FMR LLC now owns 4,782 shares of the company’s stock worth $30,000 after acquiring an additional 4,779 shares during the last quarter. First Allied Advisory Services Inc. purchased a new position in Owens & Minor in the 4th quarter worth $71,000. Campbell & CO Investment Adviser LLC purchased a new position in Owens & Minor in the 4th quarter worth $85,000. Magnus Financial Group LLC purchased a new position in Owens & Minor in the 4th quarter worth $80,000. Finally, Menta Capital LLC purchased a new position in Owens & Minor in the 4th quarter worth $85,000. Institutional investors own 94.96% of the company’s stock.

ILLEGAL ACTIVITY NOTICE: This piece was first posted by Week Herald and is the sole property of of Week Herald. If you are viewing this piece on another domain, it was illegally stolen and reposted in violation of US & international copyright legislation. The original version of this piece can be accessed at https://weekherald.com/2019/03/22/owens-minor-omi-sets-new-1-year-low-at-4-38.html.

Owens & Minor Company Profile (NYSE:OMI)

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.

Read More: Using the New Google Finance Tool

Receive News & Ratings for Owens & Minor Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Owens & Minor and related companies with MarketBeat.com's FREE daily email newsletter.