During the last session, Owens & Minor Inc. (NYSE:OMI)’s traded shares were 0.48 million, with the beta value of the company hitting 0.25. At the end of the trading day, the stock’s price was $38.92, reflecting an intraday loss of -0.36% or -$0.14. The 52-week high for the OMI share is $49.16, that puts it down -26.31 from that peak though still a striking 64.7% gain since the share price plummeted to a 52-week low of $13.74. The company’s market capitalization is $2.88B, and the average intraday trading volume over the past 10 days was 0.51 million shares, and the average trade volume was 890.71K shares over the past three months.
Owens & Minor Inc. (OMI) received a consensus recommendation of a Hold from analysts. That translates to a mean rating of 2.30. OMI has a Sell rating from 1 analyst(s) out of 6 analysts who have looked at this stock. 3 analyst(s) recommend to Hold the stock while 1 suggest Overweight, and 1 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be $0.99.
Owens & Minor Inc. (NYSE:OMI) trade information
Owens & Minor Inc. (OMI) registered a -0.36% downside in the last session and has traded in the green over the past 5 sessions. The stock plummet -0.36% in intraday trading to $38.92 this Friday, 09/03/21, hitting a weekly high. The stock’s 5-day price performance is 3.73%, and it has moved by 0.34% in 30 days. Based on these gigs, the overall price performance for the year is 135.59%. The short interest in Owens & Minor Inc. (NYSE:OMI) is 4.97 million shares and it means that shorts have 6.29 day(s) to cover.
The consensus price target of analysts on Wall Street is $47.40, which implies an increase of 17.89% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $41.00 and $55.00 respectively. As a result, OMI is trading at a discount of -41.32% off the target high and -5.34% off the low.
Owens & Minor Inc. (OMI) estimates and forecasts
Statistics show that Owens & Minor Inc. has outperformed its competitors in share price, compared to the industry in which it operates. Owens & Minor Inc. (OMI) shares have gone up 16.28% during the last six months, with a year-to-date growth rate more than the industry average at 75.22% against 15.40. Yet analysts are ramping up their growth forecast for the fiscal year 2021. Revenue is predicted to grow 395.00% this quarter and then drop -30.90% in the quarter after that. In the rating firms’ projections, revenue will increase 15.50% compared to the previous financial year.
Revenue for the current quarter is expected to be $2.49 billion as predicted by 5 analyst(s). Meanwhile, a consensus of 4 analyst(s) estimates revenue growth to $2.45 billion by the end of Sep 2021.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings shrunk an estimated -3.40%. While earnings are projected to return 471.90% in 2021, the next five years will return 21.02% per annum.
Owens & Minor Inc. is due to release its next quarterly earnings between November 01 and November 05. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance. Investors should also take the other fundamental and operational aspects into account before investing in the stock. The forward dividend ratio for Owens & Minor Inc. is 0.01, with the dividend yield indicating at 0.03 percent, continuing the trend of increasing dividends in recent years. The average dividend yield of the company for the last 5 years is 4.46%.
Owens & Minor Inc. (NYSE:OMI)’s Major holders
Owens & Minor Inc. insiders own 3.54% of total outstanding shares while institutional holders control 93.03%, with the float percentage being 96.44%. Blackrock Inc. is the largest shareholder of the company, while 369 institutions own stock in it. As of Mar 30, 2021, the company held over 12.3 million shares (or 16.30% of all shares), a total value of $462.26 million in shares.
The next largest institutional holding, with 6.33 million shares, is of Vanguard Group, Inc. (The)’s that is approximately 8.38% of outstanding shares. At the market price on Mar 30, 2021, these shares were valued at $237.83 million.
Also, the Mutual Funds coming in first place with the largest holdings of Owens & Minor Inc. (OMI) shares are iShares Core S&P Smallcap ETF and Vanguard Total Stock Market Index Fund. Data provided on Jun 29, 2021 indicates that iShares Core S&P Smallcap ETF owns about 5.07 million shares. This amounts to just over 6.72 percent of the company’s overall shares, with a $214.72 million market value. The same data shows that the other fund manager holds slightly less at 1.97 million, or about 2.62% of the stock, which is worth about $74.24 million.