Owens & Minor (OMI) Stock Forecast, Price & News

5 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Owens & Minor in the last twelve months. There are currently 2 sell ratings and 3 hold ratings 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 Wall Street research analysts have issued 12-month price targets for Owens & Minor's shares. Their OMI share price forecasts range from $17.00 to $24.00. On average, they expect the company's share price to reach $18.83 in the next twelve months. This suggests that the stock has a possible downside of 11.7%.
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Owens & Minor's stock was trading at $7.25 at the beginning of the year. Since then, OMI stock has increased by 194.2% and is now trading at $21.33.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, August 2nd 2023.
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Owens & Minor, Inc. (NYSE:OMI) issued its earnings results on Friday, May, 5th. The company reported $0.05 EPS for the quarter, beating the consensus estimate of ($0.09) by $0.14. The firm earned $2.52 billion during the quarter, compared to analyst estimates of $2.40 billion. Owens & Minor had a negative net margin of 0.41% and a positive trailing twelve-month return on equity of 12.12%. The company's revenue for the quarter was up 4.8% on a year-over-year basis. During the same quarter last year, the company posted $0.96 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), Invesco S&P SmallCap 600 Revenue ETF (RWJ), Invesco S&P SmallCap 600 Pure Value ETF (RZV), First Trust Small Cap Value AlphaDEX Fund (FYT), Hartford Multifactor Small Cap ETF (ROSC), Syntax Stratified SmallCap ETF (SSLY) and iShares S&P Small-Cap 600 Value ETF (IJS).

Owens & Minor issued an update on its FY 2023 earnings guidance on Sunday, May, 7th. The company provided EPS guidance of $1.30-$1.65 for the period, compared to the consensus EPS estimate of $1.22. The company issued revenue guidance of $10.20 billion-$10.60 billion, compared to the consensus revenue estimate of $10.17 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 trades on the New York Stock Exchange (NYSE) under the ticker symbol "OMI."

Owens & Minor's stock is owned by a number of retail and institutional investors. Top institutional investors include BlackRock Inc. (16.01%), FMR LLC (15.01%), Wellington Management Group LLP (6.32%), Dimensional Fund Advisors LP (4.00%), State Street Corp (3.98%) and Geode Capital Management LLC (1.88%). Insiders that own company stock include Andrew G Long, Andrew G Long, Brad George, Christopher M Lowery, Edward A Pesicka, Gwendolyn M Bingham, Jeffrey T Jochims, Jeffrey T Jochims, Jonathan A Leon, Lawrence Lacerte, Louis Emmanuel Castro, Mark P Zacur, Michael Wayne Lowry, Nicholas J Pace, 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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One share of OMI stock can currently be purchased for approximately $21.33.

Owens & Minor (NYSE:OMI) has a market capitalization of $1.63 billion and generates $9.96 billion in revenue each year. The company earns $22.39 million in net income (profit) each year or ($0.56) on an earnings per share basis.

The company employs 13,400 workers across the globe.

Owens & Minor's mailing address is 9120 LOCKWOOD BOULEVARD, MECHANICSVILLE VA, 23261. The official website for the company is www.owens-minor.com. The company can be reached via phone at (804) 723-7000, via email at truitt.allcott@owens-minor.com, or via fax at 804-723-7100.