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Zacks: Owens & Minor, Inc. (NYSE:OMI) Given Average Rating of …

Zacks: Owens & Minor, Inc. (NYSE:OMI) Given Average Rating Of ...Owens & Minor, Inc. (NYSE:OMI) has received an average broker rating score of 3.00 (Hold) from the five brokers that provide coverage for the stock, Zacks Investment Research[1] reports. Five analysts have rated the stock with a hold recommendation.

Brokers have set a 1 year consensus price objective of $35.00 for the company and are predicting that the company will post $0.48 earnings per share for the current quarter, according to Zacks. Zacks has also given Owens & Minor an industry rank of 84 out of 265 based on the ratings given to its competitors. Shares of Owens & Minor (NYSE:OMI[2]) opened at 39.92 on Monday. Owens & Minor has a 52-week low of $31.89 and a 52-week high of $40.23. The stock s 50 day moving average price is $36.60 and its 200-day moving average price is $35.61. The company has a market cap of $2.50 billion and a P/E ratio of 24.19. Owens & Minor (NYSE:OMI) last announced its earnings results on Monday, February 8th. The company reported $0.56 earnings per share for the quarter, topping the Zacks consensus estimate of $0.49 by $0.07. The firm had revenue of $2.49 billion for the quarter, compared to the consensus estimate of $2.51 billion. Owens & Minor s revenue for the quarter was down .2% on a year-over-year basis. During the same quarter last year, the business posted $0.49 EPS. Equities analysts expect that Owens & Minor will post $2.06 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 31st. Investors of record on Tuesday, March 15th will be given a dividend of $0.255 per share. This is a positive change from Owens & Minor s previous quarterly dividend of $0.25. This represents a $1.02 dividend on an annualized basis and a yield of 2.56%. The ex-dividend date is Friday, March 11th. A number of equities analysts have recently weighed in on OMI shares. Zacks Investment Research[3] upgraded Owens & Minor from a hold rating to a buy rating and set a $42.00 target price on the stock in a research note on Saturday, February 13th. RBC Capital increased their price target on Owens & Minor from $35.00 to $36.00 and gave the stock a sector perform rating in a research report on Monday, December 7th. In other Owens & Minor news, SVP Charles C. Colpo sold 7,438 shares of the firm s stock in a transaction on Friday, February 26th. The stock was sold at an average price of $39.51, for a total value of $293,875.38. Following the sale, the senior vice president now owns 46,329 shares of the company s stock, valued at approximately $1,830,458.79. The sale was disclosed in a document filed with the SEC, which is available at the SEC website[4]. Also, SVP Richard W. Mears sold 6,000 shares of the firm s stock in a transaction on Tuesday, February 23rd. The shares were sold at an average price of $39.11, for a total value of $234,660.00. Following the completion of the sale, the senior vice president now directly owns 38,078 shares in the company, valued at approximately $1,489,230.58. The disclosure for this sale can be found here[5].

Owens & Minor, Inc is a healthcare logistics company. The Company provides supply chain assistance to the providers of healthcare services and the manufacturers of healthcare products, supplies and devices. The Company operates in two segments: Domestic and International. Domestic segment includes all functions in the United States relating to its role as a healthcare logistics company providing distribution, packaging and logistics services to healthcare providers and manufacturers.

Get a free copy of the Zacks research report on Owens & Minor (OMI)[6]

For more information about research offerings from Zacks Investment Research, visit Zacks.com[7]

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References

  1. ^ Zacks Investment Research (www.zacks.com)
  2. ^ NYSE:OMI (www.marketbeat.com)
  3. ^ Zacks Investment Research (www.zacks.com)
  4. ^ the SEC website (www.sec.gov)
  5. ^ here (www.sec.gov)
  6. ^ Get a free copy of the Zacks research report on Owens & Minor (OMI) (www.zacks.com)
  7. ^ Zacks.com (www.zacks.com)
  8. ^ MarketBeat.com’s FREE daily email newsletter (www.hilltopmhc.com)



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