Owens & Minor (OMI) Set to Announce Quarterly Earnings on Friday

Owens & Minor (NYSE:OMI) is set to release its earnings data before the market opens on Friday, August 2nd. Analysts expect Owens & Minor to post earnings of $0.32 per share for the quarter. Owens & Minor has set its FY 2024 guidance at 1.400-1.700 EPS and its FY24 guidance at $1.40-1.70 EPS.Persons that are interested in registering for the company’s earnings conference call can do so using this link.

Owens & Minor (NYSE:OMI) last announced its quarterly earnings data on Friday, May 3rd. The company reported $0.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.17 by $0.02. The business had revenue of $2.61 billion during the quarter, compared to analysts’ expectations of $2.61 billion. Owens & Minor had a positive return on equity of 12.97% and a negative net margin of 0.37%. The firm’s quarterly revenue was up 3.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.05 earnings per share. On average, analysts expect Owens & Minor to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Owens & Minor Stock Performance

Shares of NYSE:OMI opened at $15.50 on Wednesday. The stock has a fifty day simple moving average of $15.66 and a two-hundred day simple moving average of $20.33. Owens & Minor has a 12-month low of $12.36 and a 12-month high of $28.35. The company has a current ratio of 1.16, a quick ratio of 0.56 and a debt-to-equity ratio of 2.17.

Insider Buying and Selling

In other Owens & Minor news, EVP Heath H. Galloway sold 2,031 shares of the business’s stock in a transaction dated Thursday, May 16th. The stock was sold at an average price of $20.18, for a total transaction of $40,985.58. Following the completion of the sale, the executive vice president now owns 56,898 shares of the company’s stock, valued at $1,148,201.64. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Owens & Minor news, EVP Heath H. Galloway sold 2,031 shares of the business’s stock in a transaction dated Thursday, May 16th. The stock was sold at an average price of $20.18, for a total transaction of $40,985.58. Following the completion of the sale, the executive vice president now owns 56,898 shares of the company’s stock, valued at $1,148,201.64. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Alexander J. Bruni sold 10,568 shares of the business’s stock in a transaction dated Monday, June 3rd. The shares were sold at an average price of $17.76, for a total value of $187,687.68. Following the sale, the chief financial officer now directly owns 49,950 shares of the company’s stock, valued at approximately $887,112. The disclosure for this sale can be found here. Insiders sold 31,923 shares of company stock valued at $562,711 over the last 90 days. Company insiders own 3.59% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the company. Robert W. Baird decreased their price target on Owens & Minor from $20.00 to $19.00 and set a “neutral” rating for the company in a research note on Tuesday, July 16th. Citigroup upgraded Owens & Minor from a “neutral” rating to a “buy” rating and decreased their price target for the stock from $24.00 to $19.00 in a research note on Friday, July 19th. StockNews.com cut Owens & Minor from a “buy” rating to a “hold” rating in a research note on Thursday, May 23rd. Finally, Bank of America decreased their price target on Owens & Minor from $18.00 to $16.00 and set an “underperform” rating for the company in a research note on Tuesday, June 25th. Two analysts have rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $20.63.

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.