Owens & Minor Stock Forecast, Price & News

Owens & Minor's stock was trading at $4.48 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, OMI stock has increased by 354.5% and is now trading at $20.36.
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7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Owens & Minor in the last year. There are currently 3 hold ratings 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) issued its quarterly earnings results on Tuesday, August, 4th. The company reported $0.20 earnings per share (EPS) for the quarter, topping the Thomson Reuters' consensus estimate of $0.19 by $0.01. The firm had revenue of $1.81 billion for the quarter, compared to analysts' expectations of $1.92 billion. Owens & Minor had a negative net margin of 1.23% and a positive return on equity of 9.31%. Owens & Minor's revenue was down 23.9% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.10 EPS.
View Owens & Minor's earnings history.

Owens & Minor declared a quarterly dividend on Tuesday, August 4th. Investors of record on Tuesday, September 15th will be paid a dividend of $0.002 per share on Wednesday, September 30th. This represents a $0.01 annualized dividend and a dividend yield of 0.04%. The ex-dividend date is Monday, September 14th.
View Owens & Minor's dividend history.

Owens & Minor updated its FY20 earnings guidance on Thursday, September, 24th. The company provided EPS guidance of $1.75-1.90 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.08.

7 brokerages have issued 1-year price objectives for Owens & Minor's stock. Their forecasts range from $9.50 to $34.00. On average, they anticipate Owens & Minor's share price to reach $18.79 in the next twelve months. This suggests that the stock has a possible downside of 7.7%.
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Owens & Minor saw a decrease in short interest in August. As of August 31st, there was short interest totaling 7,620,000 shares, a decrease 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 currently 2.8 days. Currently, 12.5% of the company's shares are short sold.
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), Gilead Sciences (GILD) and Enterprise Products Partners (EPD).

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 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 acquired 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 $20.36.

Owens & Minor has a market capitalization of $1.30 billion 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]