Owens & Minor (NYSE:OMI – Get Free Report) 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 – Get Free Report) 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
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.
Read Our Latest Analysis on OMI
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.
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