Owens & Minor, Inc. (NYSE:OMI) Given Average Rating of "Hold" by Analysts

Key Points

• Analysts have given Owens & Minor, Inc. (NYSE:OMI) an average rating of "Hold", with three ratings for sell, two for hold, three for buy, and one for strong buy.
• Owens & Minor reported earnings per share (EPS) of $0.26 for the last quarter, missing estimates, with a revenue decrease compared to expectations but a 3.3% increase year-over-year.
• Major shareholder Coliseum Capital Management purchased 720,000 shares at $5.15 each, increasing their ownership to 12,282,955 shares, valued at about $63.26 million.

Shares of Owens & Minor, Inc. (NYSE:OMI - Get Free Report) have earned a consensus recommendation of "Hold" from the nine ratings firms that are presently covering the stock, Marketbeat.com reports. Three investment analysts have rated the stock with a sell rating, two have given a hold rating, three have issued a buy rating and one has issued a strong buy rating on the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $7.6250.

Several research analysts have weighed in on OMI shares. Bank of America lowered their price target 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. Citigroup reiterated a "buy" rating and set a $7.00 price target (down previously from $11.00) on shares of Owens & Minor in a research report on Tuesday, August 12th. UBS Group set a $7.00 price target on shares of Owens & Minor in a research report on Wednesday, August 13th. Weiss Ratings reiterated a "sell (e+)" rating on shares of Owens & Minor in a research report on Wednesday, October 8th. Finally, Baird R W upgraded shares of Owens & Minor from a "hold" rating to a "strong-buy" rating in a research report on Friday, August 8th.

Owens & Minor Stock Up 4.9%

Shares of OMI stock opened at $4.62 on Friday. The company has a debt-to-equity ratio of 3.32, a quick ratio of 0.83 and a current ratio of 0.86. The firm's 50-day moving average is $5.12 and its 200-day moving average is $6.69. The stock has a market cap of $356.46 million, a price-to-earnings ratio of -0.30 and a beta of 1.26. Owens & Minor has a 52-week low of $4.34 and a 52-week high of $15.54.

Owens & Minor (NYSE:OMI - Get Free Report) last issued its earnings results on Monday, August 11th. The company reported $0.26 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.27 by ($0.01). The firm had revenue of $681.90 million during the quarter, compared to the consensus estimate of $2.73 billion. Owens & Minor had a negative net margin of 13.78% and a positive return on equity of 26.59%. The firm's revenue for the quarter was up 3.3% compared to the same quarter last year. During the same period in the previous year, the company posted $0.36 earnings per share. Owens & Minor has set its FY 2025 guidance at 1.020-1.070 EPS. Sell-side analysts predict that Owens & Minor will post 1.51 EPS for the current year.

Insider Activity at Owens & Minor

In other news, major shareholder Coliseum Capital Management, L purchased 720,000 shares of the company's stock in a transaction dated Tuesday, August 12th. The stock was bought at an average cost of $5.15 per share, for a total transaction of $3,708,000.00. Following the purchase, the insider owned 12,282,955 shares of the company's stock, valued at approximately $63,257,218.25. The trade was a 6.23% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In the last three months, insiders acquired 1,537,852 shares of company stock valued at $8,099,544. 3.69% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Owens & Minor

A number of hedge funds have recently bought and sold shares of the company. DekaBank Deutsche Girozentrale grew its holdings in Owens & Minor by 76.6% in the 2nd quarter. DekaBank Deutsche Girozentrale now owns 3,126 shares of the company's stock worth $28,000 after acquiring an additional 1,356 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Owens & Minor by 4.3% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 44,787 shares of the company's stock worth $404,000 after acquiring an additional 1,857 shares during the last quarter. Public Employees Retirement System of Ohio grew its holdings in Owens & Minor by 25.0% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 9,660 shares of the company's stock worth $88,000 after acquiring an additional 1,932 shares during the last quarter. SummerHaven Investment Management LLC grew its holdings in Owens & Minor by 3.6% in the 2nd quarter. SummerHaven Investment Management LLC now owns 61,555 shares of the company's stock worth $560,000 after acquiring an additional 2,125 shares during the last quarter. Finally, Bank of Montreal Can grew its holdings in Owens & Minor by 20.3% in the 2nd quarter. Bank of Montreal Can now owns 13,215 shares of the company's stock worth $120,000 after acquiring an additional 2,229 shares during the last quarter. 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.