Owens & Minor - OMI Stock Forecast, Price & News

5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Owens & Minor in the last year. There are currently 2 sell ratings and 3 hold ratings for the stock. The consensus among Wall Street 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 brokers have issued twelve-month price targets for Owens & Minor's stock. Their OMI share price forecasts range from $17.00 to $18.00. On average, they predict the company's stock price to reach $17.20 in the next twelve months. This suggests a possible upside of 32.2% from the stock's current price.
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Owens & Minor's stock was trading at $19.53 at the beginning of the year. Since then, OMI shares have decreased by 33.4% and is now trading at $13.01.
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Owens & Minor saw a drop in short interest in March. As of March 15th, there was short interest totaling 6,000,000 shares, a drop of 16.3% from the February 28th total of 7,170,000 shares. Based on an average daily volume of 1,000,000 shares, the days-to-cover ratio is currently 6.0 days. Approximately 8.2% of the company's stock are sold short.
View Owens & Minor's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Tuesday, May 2nd 2023.
View our OMI earnings forecast.

Owens & Minor, Inc. (NYSE:OMI) released its quarterly earnings results on Tuesday, February, 28th. The company reported $0.28 earnings per share for the quarter, missing analysts' consensus estimates of $0.39 by $0.11. The business earned $2.55 billion during the quarter, compared to analysts' expectations of $2.46 billion. Owens & Minor had a net margin of 0.22% and a trailing twelve-month return on equity of 19.29%. The firm's revenue was up 3.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.81 EPS.

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), Fidelity Small-Mid Cap Opportunities ETF (FSMO), Hartford Multifactor Small Cap ETF (ROSC) and Vanguard S&P Small-Cap 600 Value ETF (VIOV).

Owens & Minor issued an update on its FY23 earnings guidance on Tuesday, February, 28th. The company provided earnings per share (EPS) guidance of $1.15-1.65 for the period, compared to the consensus estimate of $2.29. The company issued revenue guidance of $10.1-10.5 billion, compared to the consensus revenue estimate of $10.09 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 shareholders include Dimensional Fund Advisors LP (4.11%), William Blair Investment Management LLC (4.09%), Allspring Global Investments Holdings LLC (2.01%), Renaissance Technologies LLC (1.96%), Brown Advisory Inc. (1.87%) and Geode Capital Management LLC (1.79%). Insiders that own company stock include Andrew G Long, Andrew G Long, Christopher M Lowery, Edward A Pesicka, Gwendolyn M Bingham, Jeffrey T Jochims, Jeffrey T Jochims, Jonathan A Leon, Lawrence Lacerte, 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 $13.01.

Owens & Minor (NYSE:OMI) has a market capitalization of $992.40 million and generates $9.96 billion in revenue each year. The company earns $22.39 million in net income (profit) each year or $0.28 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.