Owens & Minor (NYSE:OMI) Issues FY24 Earnings Guidance

Owens & Minor (NYSE:OMI) updated its FY24 earnings guidance on Monday. The company provided earnings per share guidance of $1.45-1.55 for the period, compared to the consensus earnings per share estimate of $1.60. The company issued revenue guidance of $10.6-10.8 billion, compared to the consensus revenue estimate of $10.71 billion. Owens & Minor also updated its FY 2024 guidance to 1.450-1.550 EPS.

Analysts Set New Price Targets

OMI has been the subject of a number of recent research reports. Citigroup dropped their price target on shares of Owens & Minor from $21.00 to $18.50 and set a “buy” rating for the company in a research note on Tuesday. JPMorgan Chase & Co. cut their price target on Owens & Minor from $22.00 to $18.00 and set an “underweight” rating on the stock in a research note on Wednesday, August 21st. Robert W. Baird decreased their price objective on Owens & Minor from $19.00 to $14.00 and set a “neutral” rating for the company in a research note on Tuesday. StockNews.com lowered Owens & Minor from a “buy” rating to a “hold” rating in a research note on Monday, August 26th. Finally, UBS Group lowered their price target on Owens & Minor from $28.00 to $25.00 and set a “buy” rating for the company in a research note on Tuesday. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $18.50.

Owens & Minor Stock Down 5.1 %

Shares of NYSE:OMI traded down $0.69 during midday trading on Thursday, hitting $12.92. The stock had a trading volume of 250,178 shares, compared to its average volume of 834,849. The business’s 50-day simple moving average is $14.41 and its 200-day simple moving average is $16.08. Owens & Minor has a 12 month low of $11.42 and a 12 month high of $28.35. The company has a market cap of $996.08 million, a P/E ratio of -20.94, a PEG ratio of 0.39 and a beta of 0.41. The company has a quick ratio of 0.51, a current ratio of 1.09 and a debt-to-equity ratio of 2.11.

Owens & Minor (NYSE:OMI) last issued its earnings results on Monday, November 4th. The company reported $0.42 EPS for the quarter, topping the consensus estimate of $0.41 by $0.01. Owens & Minor had a positive return on equity of 14.60% and a negative net margin of 0.46%. The company had revenue of $2.72 billion during the quarter, compared to the consensus estimate of $2.68 billion. During the same period in the previous year, the company posted $0.44 EPS. The firm’s revenue for the quarter was up 5.0% compared to the same quarter last year. On average, sell-side analysts forecast that Owens & Minor will post 1.55 earnings per share for the current fiscal year.

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.