According to Zacks, “Owens & Minor, Inc. is a global healthcare solutions company dedicated to Connecting the World of Medical Products to the Point of CareSM by providing vital supply chain services to healthcare providers and manufacturers of healthcare products. Owens & Minor provides logistics services across the spectrum of medical products from disposable medical supplies to devices and implants. With logistics platforms strategically located in the United States and Europe, Owens & Minor serves markets where three quarters of global healthcare spending occurs. Owens & Minor’s customers span the healthcare market from independent hospitals to large integrated healthcare networks, as well as group purchasing organizations, healthcare products manufacturers, the federal government, and healthcare patients at home through the Byram Healthcare subsidiary. “
A number of other brokerages have also weighed in on OMI. ValuEngine lowered Zumiez from a hold rating to a sell rating in a research note on Tuesday, July 2nd. Bank of America set a $25.00 target price on Bed Bath & Beyond and gave the stock a buy rating in a research note on Wednesday, April 10th. One research analyst has rated the stock with a sell rating and six have assigned a hold rating to the stock. The company presently has a consensus rating of Hold and a consensus price target of $6.21.
Owens & Minor (NYSE:OMI) last announced its earnings results on Tuesday, May 7th. The company reported $0.02 earnings per share for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.02). The business had revenue of $2.46 billion during the quarter, compared to the consensus estimate of $2.45 billion. Owens & Minor had a positive return on equity of 6.92% and a negative net margin of 4.63%. Owens & Minor’s revenue was up 3.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.43 earnings per share. On average, sell-side analysts predict that Owens & Minor will post 0.58 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Friday, June 14th were paid a $0.0025 dividend. The ex-dividend date of this dividend was Thursday, June 13th. This represents a $0.01 dividend on an annualized basis and a yield of 0.31%. Owens & Minor’s dividend payout ratio is currently 0.87%.
A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Oregon Public Employees Retirement Fund acquired a new position in Owens & Minor during the 4th quarter valued at about $150,000. Prudential Financial Inc. grew its stake in shares of Owens & Minor by 294.3% in the 4th quarter. Prudential Financial Inc. now owns 511,920 shares of the company’s stock worth $3,240,000 after purchasing an additional 382,106 shares during the last quarter. California Public Employees Retirement System grew its stake in shares of Owens & Minor by 9.8% in the 4th quarter. California Public Employees Retirement System now owns 197,949 shares of the company’s stock worth $1,253,000 after purchasing an additional 17,740 shares during the last quarter. BlackRock Inc. grew its stake in shares of Owens & Minor by 2.9% in the 4th quarter. BlackRock Inc. now owns 9,208,801 shares of the company’s stock worth $58,293,000 after purchasing an additional 263,267 shares during the last quarter. Finally, Texas Permanent School Fund grew its stake in shares of Owens & Minor by 3.9% in the 4th quarter. Texas Permanent School Fund now owns 40,748 shares of the company’s stock worth $258,000 after purchasing an additional 1,537 shares during the last quarter. Institutional investors and hedge funds own 90.39% of the company’s stock.
About Owens & Minor
Owens & Minor, Inc, together with its subsidiaries, operates as a healthcare solutions company in the United States and internationally. It operates through two segments, Global Solutions and Global Products. The Global Solutions segment offers a portfolio of products and services to healthcare providers and manufacturers.
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