Owens & Minor - OMI Stock Forecast, Price & News

4 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Owens & Minor in the last year. There are currently 2 sell ratings and 2 hold ratings for the stock. The consensus among Wall Street equities 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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4 analysts have issued 12-month price objectives for Owens & Minor's shares. Their OMI share price forecasts range from $17.00 to $22.00. On average, they expect the company's stock price to reach $19.20 in the next year. This suggests that the stock has a possible downside of 6.1%.
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Owens & Minor's stock was trading at $19.53 at the start of the year. Since then, OMI shares have increased by 4.7% and is now trading at $20.45.
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Owens & Minor saw a increase in short interest during the month of December. As of December 30th, there was short interest totaling 5,720,000 shares, an increase of 43.7% from the December 15th total of 3,980,000 shares. Based on an average daily volume of 967,200 shares, the short-interest ratio is currently 5.9 days.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, February 22nd 2023.
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Owens & Minor, Inc. (NYSE:OMI) announced its quarterly earnings results on Wednesday, November, 2nd. The company reported $0.41 EPS for the quarter, beating analysts' consensus estimates of $0.39 by $0.02. The business earned $2.50 billion during the quarter, compared to analyst estimates of $2.42 billion. Owens & Minor had a net margin of 1.24% and a trailing twelve-month return on equity of 23.48%.

Owens & Minor updated its FY 2022 earnings guidance on Wednesday, November, 9th. The company provided earnings per share (EPS) guidance of $2.50-$2.60 for the period, compared to the consensus estimate of $2.52. The company issued revenue guidance of $9.80 billion-$10.00 billion, compared to the consensus revenue estimate of $9.74 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 variety of institutional and retail investors. Top institutional shareholders include Allspring Global Investments Holdings LLC (2.01%), Yousif Capital Management LLC (0.06%), Comerica Bank (0.06%), Ziegler Capital Management LLC (0.05%), Maryland State Retirement & Pension System (0.04%) and SummerHaven Investment Management LLC (0.03%). 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 $20.45.

Owens & Minor (NYSE:OMI) has a market capitalization of $1.56 billion and generates $9.79 billion in revenue each year. The company earns $221.59 million in net income (profit) each year or $1.60 on an earnings per share basis.

The company employs 17,300 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.