Owens & Minor, Inc. (NYSE:OMI) Receives Average Recommendation of “Reduce” from Analysts

Owens & Minor, Inc. (NYSE:OMI) has received an average recommendation of “Reduce” from the seven research firms that are presently covering the stock, MarketBeat reports. Four equities research analysts have rated the stock with a sell recommendation and three have given a buy recommendation to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $6.35.

Several analysts have recently weighed in on the company. Weiss Ratings reiterated a “sell (e+)” rating on shares of Owens & Minor in a research report on Wednesday, October 8th. Zacks Research downgraded shares of Owens & Minor from a “hold” rating to a “strong sell” rating in a research note on Monday, November 10th.

Owens & Minor Stock Performance

The company has a market capitalization of $223.92 million, a price-to-earnings ratio of -0.17 and a beta of 1.37. Owens & Minor has a 1 year low of $2.38 and a 1 year high of $15.54. The company’s 50-day moving average is $2.81 and its 200 day moving average is $4.55.

Owens & Minor (NYSE:OMI) last announced its quarterly earnings data on Thursday, October 30th. The company reported $0.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.23 by $0.02. Owens & Minor had a negative net margin of 19.99% and a positive return on equity of 95.57%. The business had revenue of $697.26 million during the quarter, compared to the consensus estimate of $704.06 million. During the same quarter last year, the firm earned $0.36 earnings per share. The firm’s quarterly revenue was up 1.5% compared to the same quarter last year. Owens & Minor has set its FY 2025 guidance at 1.020-1.070 EPS. Analysts anticipate that Owens & Minor will post 1.51 EPS for the current year.

Institutional Trading of Owens & Minor

Several institutional investors and hedge funds have recently modified their holdings of OMI. Farther Finance Advisors LLC grew its holdings in Owens & Minor by 3,154.9% during the 3rd quarter. Farther Finance Advisors LLC now owns 5,273 shares of the company’s stock worth $25,000 after acquiring an additional 5,111 shares in the last quarter. DekaBank Deutsche Girozentrale lifted its position in shares of Owens & Minor by 76.6% during the 2nd quarter. DekaBank Deutsche Girozentrale now owns 3,126 shares of the company’s stock worth $28,000 after purchasing an additional 1,356 shares during the last quarter. Wealth Enhancement Advisory Services LLC acquired a new position in shares of Owens & Minor during the fourth quarter worth $31,000. Mercer Global Advisors Inc. ADV purchased a new position in Owens & Minor in the third quarter valued at $50,000. Finally, Caitong International Asset Management Co. Ltd raised its stake in Owens & Minor by 734.7% in the third quarter. Caitong International Asset Management Co. Ltd now owns 11,135 shares of the company’s stock valued at $53,000 after buying an additional 9,801 shares in the last quarter. Institutional investors own 98.04% of the company’s stock.

About Owens & Minor

Owens & Minor, Inc is a global healthcare solutions company specializing in the distribution of medical and surgical supplies, as well as supply chain management services. The company partners with healthcare providers, manufacturers and group purchasing organizations to deliver critical products and customized logistics solutions across the continuum of care. Its offerings range from standard medical-surgical products to specialized clinical devices, all supported by technology-driven inventory management and consulting services aimed at optimizing operational efficiency for hospitals, ambulatory surgery centers and other care facilities.

Founded in 1882 and headquartered in Mechanicsville, Virginia, Owens & Minor has evolved from a regional pharmaceutical distributor into a leader in healthcare logistics.