Owens & Minor (OMI) to Release Quarterly Earnings on Tuesday

Owens & Minor (NYSE:OMIGet Free Report) is scheduled to be releasing its earnings data before the market opens on Tuesday, February 20th. Analysts expect Owens & Minor to post earnings of $0.68 per share for the quarter. Investors that are interested in registering for the company’s conference call can do so using this link.

Owens & Minor Price Performance

Shares of NYSE OMI opened at $21.59 on Tuesday. The company has a market capitalization of $1.65 billion, a price-to-earnings ratio of -14.02, a price-to-earnings-growth ratio of 4.61 and a beta of 0.34. The business has a 50 day simple moving average of $20.16 and a 200-day simple moving average of $18.21. The company has a current ratio of 1.23, a quick ratio of 0.60 and a debt-to-equity ratio of 2.38. Owens & Minor has a twelve month low of $11.79 and a twelve month high of $23.66.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the stock. JPMorgan Chase & Co. decreased their price target on shares of Owens & Minor from $21.00 to $19.00 and set an “underweight” rating for the company in a report on Friday, November 17th. UBS Group decreased their target price on Owens & Minor from $28.00 to $26.00 and set a “buy” rating for the company in a research note on Monday, January 29th. Finally, Barclays initiated coverage on Owens & Minor in a research report on Wednesday, January 3rd. They set an “equal weight” rating and a $21.00 price target on the stock. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $21.17.

Check Out Our Latest Research Report on OMI

Insider Transactions at Owens & Minor

In other Owens & Minor news, CEO Perry A. Bernocchi sold 19,302 shares of Owens & Minor stock in a transaction on Wednesday, November 22nd. The stock was sold at an average price of $18.75, for a total transaction of $361,912.50. Following the sale, the chief executive officer now owns 164,347 shares of the company’s stock, valued at approximately $3,081,506.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, SVP Jonathan A. Leon sold 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, December 20th. The shares were sold at an average price of $21.34, for a total transaction of $106,700.00. Following the transaction, the senior vice president now owns 93,213 shares in the company, valued at $1,989,165.42. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Perry A. Bernocchi sold 19,302 shares of the company’s stock in a transaction on Wednesday, November 22nd. The shares were sold at an average price of $18.75, for a total value of $361,912.50. Following the completion of the sale, the chief executive officer now owns 164,347 shares of the company’s stock, valued at approximately $3,081,506.25. The disclosure for this sale can be found here. Over the last three months, insiders sold 36,802 shares of company stock worth $697,313. Company insiders own 3.59% of the company’s stock.

Institutional Investors Weigh In On Owens & Minor

Several hedge funds and other institutional investors have recently bought and sold shares of the business. BlackRock Inc. lifted its stake in Owens & Minor by 1.4% during the first quarter. BlackRock Inc. now owns 11,896,845 shares of the company’s stock valued at $523,700,000 after purchasing an additional 168,282 shares during the last quarter. Vanguard Group Inc. grew its holdings in shares of Owens & Minor by 1.6% in the 3rd quarter. Vanguard Group Inc. now owns 8,266,167 shares of the company’s stock worth $199,214,000 after acquiring an additional 126,389 shares during the last quarter. Wellington Management Group LLP raised its position in shares of Owens & Minor by 1.0% during the first quarter. Wellington Management Group LLP now owns 7,552,955 shares of the company’s stock worth $332,482,000 after purchasing an additional 77,252 shares during the period. State Street Corp lifted its holdings in shares of Owens & Minor by 0.9% during the second quarter. State Street Corp now owns 3,057,101 shares of the company’s stock valued at $58,207,000 after purchasing an additional 26,287 shares during the last quarter. Finally, Geode Capital Management LLC increased its stake in Owens & Minor by 2.8% in the 2nd quarter. Geode Capital Management LLC now owns 1,474,368 shares of the company’s stock worth $28,072,000 after purchasing an additional 39,618 shares in the last quarter. 98.04% of the stock is currently owned by institutional investors.

About Owens & Minor

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

Further Reading

Earnings History for Owens & Minor (NYSE:OMI)

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