Owens & Minor (NYSE:OMI) Trading Up 6.6%

Share on StockTwits

Owens & Minor, Inc. (NYSE:OMI)’s stock price was up 6.6% during mid-day trading on Tuesday . The company traded as high as $5.29 and last traded at $5.14, approximately 1,779,273 shares were traded during trading. An increase of 17% from the average daily volume of 1,517,709 shares. The stock had previously closed at $4.82.

A number of research analysts have recently issued reports on OMI shares. ValuEngine raised Owens & Minor from a “sell” rating to a “hold” rating in a research note on Thursday, August 8th. Zacks Investment Research cut Owens & Minor from a “buy” rating to a “hold” rating in a research note on Saturday. One investment analyst has rated the stock with a sell rating and six have assigned a hold rating to the company. The company has an average rating of “Hold” and a consensus price target of $6.13.

The company has a quick ratio of 0.84, a current ratio of 1.68 and a debt-to-equity ratio of 3.60. The firm has a market capitalization of $303.47 million, a P/E ratio of 4.47, a P/E/G ratio of 2.08 and a beta of 1.74. The firm has a 50 day moving average price of $3.19.

Owens & Minor (NYSE:OMI) last posted its earnings results on Wednesday, August 7th. The company reported $0.10 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.07 by $0.03. The company had revenue of $2.48 billion for the quarter, compared to analysts’ expectations of $2.44 billion. Owens & Minor had a positive return on equity of 5.53% and a negative net margin of 2.88%. Owens & Minor’s quarterly revenue was up 1.1% on a year-over-year basis. During the same period last year, the firm earned $0.32 earnings per share. As a group, sell-side analysts anticipate that Owens & Minor, Inc. will post 0.64 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Monday, September 16th will be paid a $0.002 dividend. The ex-dividend date is Friday, September 13th. This represents a $0.01 annualized dividend and a dividend yield of 0.16%. Owens & Minor’s payout ratio is presently 0.87%.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Bank of Montreal Can grew its stake in shares of Owens & Minor by 66.9% in the second quarter. Bank of Montreal Can now owns 8,066 shares of the company’s stock worth $26,000 after purchasing an additional 3,233 shares during the last quarter. FMR LLC grew its stake in shares of Owens & Minor by 159,300.0% in the fourth quarter. FMR LLC now owns 4,782 shares of the company’s stock worth $30,000 after purchasing an additional 4,779 shares during the last quarter. Atlantic Union Bankshares Corp bought a new stake in shares of Owens & Minor in the second quarter worth about $36,000. Stone Ridge Asset Management LLC purchased a new stake in Owens & Minor in the second quarter worth about $50,000. Finally, First Trust Advisors LP purchased a new stake in Owens & Minor in the first quarter worth about $56,000. 88.03% of the stock is currently owned by institutional investors.

About Owens & Minor (NYSE:OMI)

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.

See Also: Are we seeing the beginning of a new bubble?

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.