Owens & Minor (NYSE:OMI) Releases Quarterly Earnings Results

Key Points

• Owens & Minor reported earnings of $0.26 per share, missing analyst expectations of $0.27 by $0.01, and faces a negative net margin of 3.41%.
• The company's stock price was trading at $7.06, with a market capitalization of $545.39 million, and analysts have set a consensus target price of $11.60.
• Institutional investors own 98.04% of Owens & Minor's shares, indicating robust interest from large financial entities in managing positions in the stock.

Owens & Minor (NYSE:OMI - Get Free Report) posted its quarterly earnings data on Monday. The company reported $0.26 EPS for the quarter, missing analysts' consensus estimates of $0.27 by ($0.01), Zacks reports. The business had revenue of $681.90 million during the quarter, compared to analyst estimates of $2.73 billion. Owens & Minor had a negative net margin of 13.78% and a positive return on equity of 26.59%. The company's revenue for the quarter was up 3.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.36 earnings per share. Owens & Minor updated its FY 2025 guidance to 1.020-1.070 EPS.

Owens & Minor Price Performance

OMI traded down $0.13 on Wednesday, hitting $5.34. 2,782,668 shares of the company were exchanged, compared to its average volume of 1,489,356. The company has a debt-to-equity ratio of 3.32, a quick ratio of 0.41 and a current ratio of 0.86. The business's fifty day moving average is $7.71 and its 200 day moving average is $8.02. Owens & Minor has a fifty-two week low of $4.56 and a fifty-two week high of $16.63. The firm has a market capitalization of $412.46 million, a P/E ratio of -0.34, a price-to-earnings-growth ratio of 0.24 and a beta of 1.04.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the stock. JPMorgan Chase & Co. set a $10.00 price target on shares of Owens & Minor in a research note on Monday. Citigroup reiterated a "buy" rating and set a $7.00 price target (down from $11.00) on shares of Owens & Minor in a research note on Tuesday. Bank of America dropped their price target on shares of Owens & Minor from $7.50 to $4.75 and set an "underperform" rating on the stock in a research note on Tuesday. Baird R W upgraded shares of Owens & Minor from a "hold" rating to a "strong-buy" rating in a research note on Friday, August 8th. Finally, UBS Group set a $7.00 price target on shares of Owens & Minor in a research note on Wednesday. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Owens & Minor presently has a consensus rating of "Hold" and an average target price of $8.29.

Hedge Funds Weigh In On Owens & Minor

Hedge funds and other institutional investors have recently bought and sold shares of the company. Amundi lifted its holdings in shares of Owens & Minor by 68.9% in the second quarter. Amundi now owns 45,498 shares of the company's stock valued at $423,000 after purchasing an additional 18,559 shares in the last quarter. Invesco Ltd. lifted its holdings in shares of Owens & Minor by 10.0% in the second quarter. Invesco Ltd. now owns 1,888,548 shares of the company's stock valued at $17,186,000 after purchasing an additional 171,653 shares in the last quarter. American Century Companies Inc. lifted its holdings in shares of Owens & Minor by 4.4% in the second quarter. American Century Companies Inc. now owns 219,587 shares of the company's stock valued at $1,998,000 after purchasing an additional 9,249 shares in the last quarter. Creative Planning lifted its holdings in shares of Owens & Minor by 58.1% in the second quarter. Creative Planning now owns 48,490 shares of the company's stock valued at $441,000 after purchasing an additional 17,812 shares in the last quarter. Finally, Acadian Asset Management LLC purchased a new stake in shares of Owens & Minor in the first quarter valued at about $91,000. 98.04% of the stock is owned by institutional investors and hedge funds.

Owens & Minor Company Profile

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.