Owens & Minor (NYSE:OMI) Posts Earnings Results, Beats Expectations By $0.02 EPS

Owens & Minor (NYSE:OMI - Get Free Report) released its earnings results on Thursday. The company reported $0.25 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.23 by $0.02, Zacks reports. Owens & Minor had a positive return on equity of 26.59% and a negative net margin of 13.78%.The business's quarterly revenue was up 1.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.36 earnings per share. Owens & Minor updated its FY 2025 guidance to 1.020-1.070 EPS.

Owens & Minor Stock Performance

OMI stock traded down $0.25 during mid-day trading on Thursday, hitting $4.97. 1,321,962 shares of the company were exchanged, compared to its average volume of 1,661,486. The business has a 50 day simple moving average of $5.07 and a 200-day simple moving average of $6.49. The company has a current ratio of 0.86, a quick ratio of 0.83 and a debt-to-equity ratio of 3.32. The stock has a market capitalization of $383.73 million, a PE ratio of -0.32 and a beta of 1.26. Owens & Minor has a 1-year low of $4.34 and a 1-year high of $15.54.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on OMI. UBS Group set a $7.00 target price on Owens & Minor in a report on Wednesday, August 13th. JPMorgan Chase & Co. lowered their target price on Owens & Minor from $7.00 to $6.00 and set an "underweight" rating for the company in a report on Wednesday, August 27th. Baird R W upgraded Owens & Minor from a "hold" rating to a "strong-buy" rating in a report on Friday, August 8th. Weiss Ratings reiterated a "sell (e+)" rating on shares of Owens & Minor in a report on Wednesday, October 8th. Finally, Bank of America reduced their price objective on shares of Owens & Minor from $7.50 to $4.75 and set an "underperform" rating for the company in a research note on Tuesday, August 12th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, two have issued a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $7.63.

View Our Latest Stock Analysis on Owens & Minor

Insider Transactions at Owens & Minor

In related news, major shareholder Coliseum Capital Management, L acquired 492,852 shares of the business's stock in a transaction on Thursday, August 14th. The stock was purchased at an average cost of $5.31 per share, for a total transaction of $2,617,044.12. Following the completion of the transaction, the insider directly owned 13,100,807 shares of the company's stock, valued at approximately $69,565,285.17. The trade was a 3.91% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders have purchased 1,537,852 shares of company stock worth $8,099,544 in the last three months. Company insiders own 3.69% of the company's stock.

Institutional Investors Weigh In On Owens & Minor

Hedge funds have recently bought and sold shares of the stock. Squarepoint Ops LLC lifted its position in Owens & Minor by 283.8% during the second quarter. Squarepoint Ops LLC now owns 167,176 shares of the company's stock worth $1,521,000 after acquiring an additional 123,616 shares during the last quarter. PDT Partners LLC acquired a new stake in Owens & Minor during the second quarter worth approximately $2,055,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in shares of Owens & Minor by 11.0% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 243,826 shares of the company's stock worth $2,202,000 after purchasing an additional 24,065 shares during the period. Goldman Sachs Group Inc. increased its holdings in shares of Owens & Minor by 43.9% during the first quarter. Goldman Sachs Group Inc. now owns 576,799 shares of the company's stock worth $5,208,000 after purchasing an additional 175,866 shares during the period. Finally, Brevan Howard Capital Management LP increased its holdings in shares of Owens & Minor by 386.0% during the second quarter. Brevan Howard Capital Management LP now owns 131,716 shares of the company's stock worth $1,199,000 after purchasing an additional 104,614 shares during the period. 98.04% of the stock is currently owned by institutional investors and hedge funds.

About Owens & Minor

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.

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