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

Shares of Owens & Minor, Inc. (NYSE:OMI) have earned a consensus recommendation of “Hold” from the six analysts that are currently covering the firm, MarketBeat.com reports. Two research analysts have rated the stock with a sell recommendation, two have issued a hold recommendation and two have assigned a buy recommendation to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $13.75.

Several analysts have issued reports on the company. Robert W. Baird upped their price objective on Owens & Minor from $10.00 to $11.00 and gave the company a “neutral” rating in a research note on Monday, March 3rd. JPMorgan Chase & Co. dropped their price objective on Owens & Minor from $14.00 to $10.00 and set an “underweight” rating on the stock in a research note on Monday. Finally, UBS Group dropped their price objective on Owens & Minor from $25.00 to $13.00 and set a “buy” rating on the stock in a research note on Thursday, February 13th.

Owens & Minor Stock Performance

OMI opened at $9.45 on Thursday. Owens & Minor has a 52-week low of $6.07 and a 52-week high of $28.35. The firm has a market capitalization of $729.60 million, a PE ratio of -14.53, a PEG ratio of 0.20 and a beta of 0.61. The company has a debt-to-equity ratio of 2.11, a quick ratio of 0.45 and a current ratio of 1.09. The business’s 50-day simple moving average is $11.00 and its 200 day simple moving average is $12.90.

Owens & Minor (NYSE:OMI) last released its earnings results on Friday, February 28th. The company reported $0.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.53 by $0.02. Owens & Minor had a positive return on equity of 14.60% and a negative net margin of 0.46%. The business had revenue of $2.70 billion for the quarter, compared to analyst estimates of $2.68 billion. During the same quarter in the prior year, the company posted $0.69 earnings per share. Owens & Minor’s revenue was up 1.5% on a year-over-year basis. As a group, sell-side analysts expect that Owens & Minor will post 1.51 earnings per share for the current fiscal year.

Owens & Minor declared that its Board of Directors has authorized a share buyback program on Friday, February 28th that permits the company to buyback $100.00 million in outstanding shares. This buyback authorization permits the company to buy up to 13.6% of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s management believes its shares are undervalued.

Insider Transactions at Owens & Minor

In related news, major shareholder Coliseum Capital Management, L purchased 354,901 shares of Owens & Minor stock in a transaction that occurred on Monday, March 3rd. The shares were acquired at an average price of $9.19 per share, with a total value of $3,261,540.19. Following the completion of the transaction, the insider now directly owns 9,824,599 shares of the company’s stock, valued at $90,288,064.81. This represents a 3.75 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 3.59% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Owens & Minor

A number of large investors have recently added to or reduced their stakes in the stock. Inspire Advisors LLC grew its position in Owens & Minor by 11.2% during the fourth quarter. Inspire Advisors LLC now owns 15,350 shares of the company’s stock worth $201,000 after buying an additional 1,548 shares in the last quarter. Blue Trust Inc. grew its position in Owens & Minor by 57.4% during the fourth quarter. Blue Trust Inc. now owns 4,387 shares of the company’s stock worth $57,000 after buying an additional 1,600 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in Owens & Minor by 4.0% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 42,930 shares of the company’s stock worth $561,000 after buying an additional 1,662 shares in the last quarter. Sterling Capital Management LLC grew its position in Owens & Minor by 758.3% during the fourth quarter. Sterling Capital Management LLC now owns 2,060 shares of the company’s stock worth $27,000 after buying an additional 1,820 shares in the last quarter. Finally, Legal & General Group Plc grew its position in Owens & Minor by 0.9% during the fourth quarter. Legal & General Group Plc now owns 212,061 shares of the company’s stock worth $2,772,000 after buying an additional 1,991 shares in the last quarter. Institutional investors and hedge funds own 98.04% of the company’s stock.

Owens & Minor Company Profile

Owens & Minor, Inc is a healthcare solutions company, which engages in the product manufacturing and delivery, home health supply, and perioperative services to support care through the hospital and into the home. It operates through the Products and Healthcare Services, and Patient Direct segments.