Owens & Minor Stock Forecast, Price & News

Owens & Minor's stock was trading at $4.48 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, OMI shares have increased by 217.2% and is now trading at $14.21.
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6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Owens & Minor in the last year. There are currently 1 sell rating, 1 hold rating and 4 buy ratings for the stock, resulting in a consensus recommendation of "Buy."
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Owens & Minor is scheduled to release its next quarterly earnings announcement on Wednesday, November 4th 2020.
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Owens & Minor, Inc. (NYSE:OMI) announced its earnings results on Tuesday, August, 4th. The company reported $0.20 EPS for the quarter, beating the consensus estimate of $0.19 by $0.01. The firm had revenue of $1.81 billion for the quarter, compared to the consensus estimate of $1.92 billion. Owens & Minor had a negative net margin of 1.23% and a positive return on equity of 9.31%. The company's revenue for the quarter was down 23.9% compared to the same quarter last year. During the same period in the previous year, the business posted $0.10 earnings per share.
View Owens & Minor's earnings history.

Owens & Minor announced a quarterly dividend on Tuesday, August 4th. Shareholders of record on Tuesday, September 15th will be given a dividend of $0.002 per share on Wednesday, September 30th. This represents a $0.01 annualized dividend and a yield of 0.06%. The ex-dividend date of this dividend is Monday, September 14th.
View Owens & Minor's dividend history.

Owens & Minor issued an update on its FY20 earnings guidance on Tuesday, August, 4th. The company provided earnings per share guidance of $1.00-1.20 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.06.

6 analysts have issued 12-month price objectives for Owens & Minor's stock. Their forecasts range from $9.50 to $16.00. On average, they expect Owens & Minor's share price to reach $12.25 in the next year. This suggests that the stock has a possible downside of 13.8%.
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Owens & Minor saw a decline in short interest in the month of August. As of August 31st, there was short interest totaling 7,620,000 shares, a decline of 13.3% from the August 15th total of 8,790,000 shares. Based on an average daily trading volume, of 2,700,000 shares, the days-to-cover ratio is presently 2.8 days. Approximately 12.5% of the company's shares are sold short.
View Owens & Minor's Short Interest.

Some companies that are related to Owens & Minor include McKesson (MCK), AmerisourceBergen (ABC), Cardinal Health (CAH), Henry Schein (HSIC) and Patterson Companies (PDCO).
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Based on aggregate information from My MarketBeat watchlists, some companies that other Owens & Minor investors own include Pfizer (PFE), Advanced Micro Devices (AMD), AT&T (T), AbbVie (ABBV), Micron Technology (MU), NVIDIA (NVDA), Applied Materials (AMAT), Cisco Systems (CSCO), Enterprise Products Partners (EPD) and Gilead Sciences (GILD).

Owens & Minor trades on the New York Stock Exchange (NYSE) under the ticker symbol "OMI."

Owens & Minor's stock is owned by many different retail and institutional investors. Top institutional investors include Vanguard Group Inc. (7.99%), LSV Asset Management (2.84%), Deerfield Management Company L.P. Series C (2.32%), Smith Graham & Co. Investment Advisors LP (1.79%), Bank of New York Mellon Corp (1.29%) and Charles Schwab Investment Management Inc. (1.26%).
View institutional ownership trends for Owens & Minor.

OMI stock was sold by a variety of institutional investors in the last quarter, including Goldman Sachs Group Inc., Two Sigma Advisers LP, Jacobs Levy Equity Management Inc., Vanguard Group Inc., Cubist Systematic Strategies LLC, Russell Investments Group Ltd., Mitsubishi UFJ Trust & Banking Corp, and Public Employees Retirement System of Ohio.
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OMI stock was bought by a variety of institutional investors in the last quarter, including Deerfield Management Company L.P. Series C, Point72 Asset Management L.P., Grantham Mayo Van Otterloo & Co. LLC, Charles Schwab Investment Management Inc., Mackay Shields LLC, Hussman Strategic Advisors Inc., Sei Investments Co., and Bank of America Corp DE.
View insider buying and selling activity for Owens & Minor.

Shares of OMI can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

One share of OMI stock can currently be purchased for approximately $14.21.

Owens & Minor has a market capitalization of $906.33 million and generates $9.21 billion in revenue each year. The company earns $-62,370,000.00 in net income (profit) each year or $0.56 on an earnings per share basis. Owens & Minor employs 15,400 workers across the globe.

The official website for Owens & Minor is www.owens-minor.com.

Owens & Minor's mailing address is 9120 LOCKWOOD BOULEVARD, MECHANICSVILLE VA, 23261. The company can be reached via phone at 804-723-7000 or via email at [email protected]