Owens & Minor FY2024 EPS Estimate Reduced by Leerink Partnrs

Owens & Minor, Inc. (NYSE:OMI - Free Report) - Equities researchers at Leerink Partnrs dropped their FY2024 EPS estimates for Owens & Minor in a note issued to investors on Monday, November 4th. Leerink Partnrs analyst M. Cherny now forecasts that the company will post earnings per share of $1.48 for the year, down from their previous estimate of $1.55. The consensus estimate for Owens & Minor's current full-year earnings is $1.55 per share. Leerink Partnrs also issued estimates for Owens & Minor's Q4 2024 earnings at $0.50 EPS, Q2 2025 earnings at $0.47 EPS, Q4 2025 earnings at $0.51 EPS, FY2025 earnings at $1.75 EPS and FY2026 earnings at $2.16 EPS.

Owens & Minor (NYSE:OMI - Get Free Report) last issued its quarterly earnings data on Monday, November 4th. The company reported $0.42 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.41 by $0.01. Owens & Minor had a positive return on equity of 14.60% and a negative net margin of 0.46%. The company had revenue of $2.72 billion during the quarter, compared to analysts' expectations of $2.68 billion. During the same period last year, the business earned $0.44 earnings per share. The business's revenue was up 5.0% on a year-over-year basis.

Other equities analysts have also issued reports about the company. Barclays decreased their target price on Owens & Minor from $18.00 to $14.00 and set an "equal weight" rating for the company in a research report on Tuesday. JPMorgan Chase & Co. lowered their target price on Owens & Minor from $22.00 to $18.00 and set an "underweight" rating for the company in a research note on Wednesday, August 21st. StockNews.com lowered shares of Owens & Minor from a "buy" rating to a "hold" rating in a research note on Monday, August 26th. Robert W. Baird reduced their target price on shares of Owens & Minor from $19.00 to $14.00 and set a "neutral" rating for the company in a research note on Tuesday. Finally, Citigroup reduced their target price on shares of Owens & Minor from $21.00 to $18.50 and set a "buy" rating for the company in a research note on Tuesday. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $18.50.

Owens & Minor Trading Down 6.2 %

OMI stock traded down $0.85 during midday trading on Thursday, reaching $12.76. The stock had a trading volume of 999,735 shares, compared to its average volume of 838,319. The business has a fifty day simple moving average of $14.41 and a two-hundred day simple moving average of $16.08. The company has a quick ratio of 0.51, a current ratio of 1.09 and a debt-to-equity ratio of 2.11. The firm has a market cap of $983.74 million, a price-to-earnings ratio of -20.94, a PEG ratio of 0.39 and a beta of 0.41. Owens & Minor has a twelve month low of $11.42 and a twelve month high of $28.35.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the business. Quarry LP grew its position in shares of Owens & Minor by 290.1% during the 2nd quarter. Quarry LP now owns 2,099 shares of the company's stock worth $28,000 after purchasing an additional 1,561 shares in the last quarter. Innealta Capital LLC acquired a new stake in shares of Owens & Minor during the 2nd quarter worth approximately $43,000. DekaBank Deutsche Girozentrale boosted its position in shares of Owens & Minor by 76.6% during the 2nd quarter. DekaBank Deutsche Girozentrale now owns 3,126 shares of the company's stock worth $43,000 after acquiring an additional 1,356 shares in the last quarter. Blue Trust Inc. boosted its position in shares of Owens & Minor by 176.8% during the 3rd quarter. Blue Trust Inc. now owns 2,787 shares of the company's stock worth $44,000 after acquiring an additional 1,780 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC boosted its position in shares of Owens & Minor by 100.6% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 6,071 shares of the company's stock worth $82,000 after acquiring an additional 3,044 shares in the last quarter. Institutional investors and hedge funds own 98.04% of the company's stock.

About Owens & Minor

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