Owens & Minor (OMI) Scheduled to Post Earnings on Friday

Owens & Minor (NYSE:OMI) is scheduled to be posting its quarterly earnings results before the market opens on Friday, May 3rd. Analysts expect Owens & Minor to post earnings of $0.17 per share for the quarter. Owens & Minor has set its FY 2024 guidance at 1.400-1.700 EPS and its FY24 guidance at $1.40-$1.70 EPS.Individual that wish to listen to the company’s earnings conference call can do so using this link.

Owens & Minor (NYSE:OMI) last posted its quarterly earnings data on Tuesday, February 20th. The company reported $0.69 earnings per share for the quarter, topping the consensus estimate of $0.66 by $0.03. The business had revenue of $2.66 billion during the quarter, compared to analysts’ expectations of $2.67 billion. Owens & Minor had a negative net margin of 0.40% and a positive return on equity of 11.62%. Owens & Minor’s revenue was up 4.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.28 earnings per share. On average, analysts expect Owens & Minor to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Owens & Minor Stock Down 2.5 %

OMI stock opened at $24.12 on Friday. The stock has a market capitalization of $1.85 billion, a P/E ratio of -44.67, a price-to-earnings-growth ratio of 0.81 and a beta of 0.43. The company has a current ratio of 1.11, a quick ratio of 0.52 and a debt-to-equity ratio of 2.05. Owens & Minor has a 12 month low of $13.34 and a 12 month high of $28.35. The firm has a 50-day moving average price of $25.16 and a 200-day moving average price of $21.05.

Insider Transactions at Owens & Minor

In other news, SVP Jonathan A. Leon sold 5,000 shares of the firm’s stock in a transaction that occurred on Monday, April 22nd. The shares were sold at an average price of $24.84, for a total transaction of $124,200.00. Following the completion of the sale, the senior vice president now owns 84,673 shares of the company’s stock, valued at approximately $2,103,277.32. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, SVP Michael Wayne Lowry sold 10,000 shares of the stock in a transaction on Tuesday, February 27th. The stock was sold at an average price of $25.00, for a total value of $250,000.00. Following the transaction, the senior vice president now directly owns 71,654 shares in the company, valued at approximately $1,791,350. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP Jonathan A. Leon sold 5,000 shares of the stock in a transaction on Monday, April 22nd. The stock was sold at an average price of $24.84, for a total value of $124,200.00. Following the completion of the transaction, the senior vice president now owns 84,673 shares in the company, valued at $2,103,277.32. The disclosure for this sale can be found here. Insiders own 3.59% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently issued reports on OMI shares. TheStreet upgraded shares of Owens & Minor from a “d+” rating to a “c-” rating in a report on Monday, March 4th. Robert W. Baird increased their target price on shares of Owens & Minor from $24.00 to $28.00 and gave the company a “neutral” rating in a research report on Wednesday, April 10th. StockNews.com raised shares of Owens & Minor from a “hold” rating to a “buy” rating in a research report on Wednesday, February 21st. UBS Group decreased their target price on shares of Owens & Minor from $28.00 to $26.00 and set a “buy” rating for the company in a research report on Monday, January 29th. Finally, SVB Leerink assumed coverage on shares of Owens & Minor in a research report on Monday, February 26th. They set a “market perform” rating and a $24.00 target price for the company. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $23.29.

Owens & Minor Company Profile

Owens & Minor, Inc, together with its subsidiaries, operates as a healthcare solutions company worldwide. It operates through Products & Healthcare Services and Patient Direct segments. The Products & Healthcare Services segment offers a portfolio of products and services to healthcare providers and manufacturers.