Owens & Minor Stock Price, News & Analysis (NYSE:OMI)

5 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Owens & Minor in the last twelve months. There are currently 1 sell rating, 3 hold ratings and 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "hold" OMI shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in OMI, but not buy additional shares or sell existing shares.
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5 analysts have issued 1-year price targets for Owens & Minor's stock. Their OMI share price targets range from $19.00 to $28.00. On average, they expect the company's share price to reach $21.60 in the next twelve months. This suggests that the stock has a possible downside of 1.4%.
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Owens & Minor's stock was trading at $7.25 at the start of the year. Since then, OMI stock has increased by 202.2% and is now trading at $21.91.
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Owens & Minor saw a drop in short interest during the month of November. As of November 15th, there was short interest totaling 6,210,000 shares, a drop of 16.8% from the October 31st total of 7,460,000 shares. Based on an average daily volume of 813,500 shares, the days-to-cover ratio is currently 7.6 days. Approximately 9.2% of the company's shares are short sold.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, February 27th 2024.
View our OMI earnings forecast.

Owens & Minor, Inc. (NYSE:OMI) announced its quarterly earnings data on Friday, November, 3rd. The company reported $0.44 earnings per share for the quarter, topping the consensus estimate of $0.38 by $0.06. The business earned $2.59 billion during the quarter, compared to analysts' expectations of $2.58 billion. Owens & Minor had a positive trailing twelve-month return on equity of 8.06% and a negative net margin of 1.14%. Owens & Minor's revenue was up 3.8% on a year-over-year basis. During the same quarter last year, the company posted $0.41 earnings per share.

ETFs with the largest weight of Owens & Minor (NYSE:OMI) stock in their portfolio include SPDR S&P Health Care Services ETF (XHS), Invesco S&P SmallCap Health Care ETF (PSCH) and Invesco S&P SmallCap 600 Revenue ETF (RWJ).EA Bridgeway Omni Small-Cap Value ETF (BSVO).

Owens & Minor updated its FY23 earnings guidance on Friday, November, 3rd. The company provided EPS guidance of $1.30-1.40 for the period, compared to the consensus earnings per share estimate of $1.36. The company issued revenue guidance of $10.3-10.4 billion, compared to the consensus revenue estimate of $10.37 billion.

36 employees have rated Owens & Minor Chief Executive Officer Ed Pesicka on Glassdoor.com. Ed Pesicka has an approval rating of 65% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other Owens & Minor investors own include Advanced Micro Devices (AMD), AT&T (T), Pfizer (PFE), AbbVie (ABBV), Micron Technology (MU), NVIDIA (NVDA), Applied Materials (AMAT), Enterprise Products Partners (EPD), Johnson & Johnson (JNJ) and Cisco Systems (CSCO).

Owens & Minor's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include FMR LLC (15.01%), Deerfield Management Company L.P. Series C (8.41%), Wellington Management Group LLP (6.05%), Invesco Ltd. (1.41%), Northern Trust Corp (1.19%) and William Blair Investment Management LLC (1.18%). Insiders that own company stock include Alexander J Bruni, Andrew G Long, Andrew G Long, Brad George, Christopher M Lowery, Edward A Pesicka, Gwendolyn M Bingham, Heath H Galloway, Jeffrey T Jochims, Jeffrey T Jochims, Jonathan A Leon, Lawrence Lacerte, Louis Emmanuel Castro, Mark P Zacur, Michael Wayne Lowry, Nicholas J Pace, Perry A Bernocchi, Robert J Henkel, Robert Weideman and Shana Carol Neal.
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Shares of OMI stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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