Owens & Minor (OMI) Receives Average Recommendation of “Hold” from Analysts

Shares of Owens & Minor (NYSE:OMI) have earned an average recommendation of “Hold” from the twelve brokerages that are presently covering the stock, MarketBeat.com reports. Six investment analysts have rated the stock with a sell recommendation, four have given a hold recommendation and one has given a buy recommendation to the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $23.06.

Several equities analysts recently commented on OMI shares. Bank of America started coverage on shares of Owens & Minor in a research note on Tuesday, February 27th. They issued a “buy” rating and a $19.00 price target on the stock. Zacks Investment Research downgraded shares of Owens & Minor from a “hold” rating to a “strong sell” rating in a research note on Friday, December 22nd. ValuEngine downgraded shares of Owens & Minor from a “buy” rating to a “hold” rating in a research note on Sunday, December 31st. JPMorgan Chase & Co. reduced their price objective on shares of Owens & Minor from $21.00 to $20.00 and set an “underweight” rating on the stock in a research note on Thursday, February 15th. Finally, Credit Suisse Group reiterated an “underperform” rating and set a $17.00 price objective (down from $31.00) on shares of Owens & Minor in a research note on Monday, November 20th.

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A number of institutional investors have recently made changes to their positions in the business. MetLife Investment Advisors LLC acquired a new stake in Owens & Minor during the fourth quarter worth about $1,269,000. Vident Investment Advisory LLC boosted its stake in shares of Owens & Minor by 19.5% in the 4th quarter. Vident Investment Advisory LLC now owns 103,564 shares of the company’s stock valued at $1,956,000 after purchasing an additional 16,912 shares in the last quarter. Ladenburg Thalmann Financial Services Inc. boosted its stake in shares of Owens & Minor by 341.5% in the 4th quarter. Ladenburg Thalmann Financial Services Inc. now owns 10,626 shares of the company’s stock valued at $200,000 after purchasing an additional 8,219 shares in the last quarter. Teachers Advisors LLC boosted its stake in shares of Owens & Minor by 4.0% in the 4th quarter. Teachers Advisors LLC now owns 113,226 shares of the company’s stock valued at $2,138,000 after purchasing an additional 4,360 shares in the last quarter. Finally, Paloma Partners Management Co boosted its stake in shares of Owens & Minor by 540.4% in the 4th quarter. Paloma Partners Management Co now owns 83,932 shares of the company’s stock valued at $1,585,000 after purchasing an additional 70,825 shares in the last quarter. Hedge funds and other institutional investors own 97.12% of the company’s stock.

Owens & Minor (NYSE:OMI) traded down $0.24 during mid-day trading on Friday, hitting $16.33. 11,340,600 shares of the company traded hands, compared to its average volume of 1,287,674. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.67 and a quick ratio of 0.91. Owens & Minor has a fifty-two week low of $14.26 and a fifty-two week high of $35.36. The firm has a market capitalization of $1,019.32, a P/E ratio of 13.50, a PEG ratio of 1.01 and a beta of 1.10.

Owens & Minor (NYSE:OMI) last released its quarterly earnings results on Wednesday, February 14th. The company reported $0.35 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.34 by $0.01. Owens & Minor had a net margin of 0.78% and a return on equity of 9.63%. The business had revenue of $2.39 billion for the quarter, compared to the consensus estimate of $2.34 billion. During the same period in the prior year, the company posted $0.52 earnings per share. Owens & Minor’s revenue was up .9% compared to the same quarter last year. equities research analysts anticipate that Owens & Minor will post 2.06 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 30th. Shareholders of record on Thursday, March 15th will be paid a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a yield of 6.37%. This is an increase from Owens & Minor’s previous quarterly dividend of $0.26. The ex-dividend date is Wednesday, March 14th. Owens & Minor’s dividend payout ratio is presently 85.95%.

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Owens & Minor Company Profile

Owens & Minor, Inc is a healthcare services company that connects the world of medical products to the point of care. The Company provides supply chain assistance to the providers of healthcare services and the manufacturers of healthcare products, supplies and devices. The Company’s segments include Domestic, International and Clinical & Procedural Solutions (CPS).

Analyst Recommendations for Owens & Minor (NYSE:OMI)

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