In the latest trading session, 0.58 million Owens & Minor, Inc (NYSE:OMI) shares changed hands as the company’s beta touched 0.59. With the company’s most recent per share price at $8.93 changed hands at -$0.3 or -3.25% at last look, the market valuation stands at $688.59M. OMI’s current price is a discount, trading about -217.47% off its 52-week high of $28.35. The share price had its 52-week low at $8.76, which suggests the last value was 1.9% up since then. When we look at Owens & Minor, Inc’s average trading volume, we note the 10-day average is 0.96 million shares, with the 3-month average coming to 706.54K.
Analysts gave the Owens & Minor, Inc (OMI) stock a consensus recommendation rating of Buy, calculated at a mean rating of 2.83. If we narrow down to specifics, the data shows that 0 out of 4 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 2 recommended OMI as a Hold, 2 felt it is a Buy and 0 rated the stock as Underweight. Owens & Minor, Inc’s EPS for the current quarter is expected to be 0.53.
Owens & Minor, Inc (NYSE:OMI) trade information
Instantly OMI was in red as seen in intraday trades today. With action -40.39%, the performance over the past five days has been red. The company’s shares are showing year-to-date downside of -31.68%, with the 5-day performance at -40.39% in the red. However, in the 30-day time frame, Owens & Minor, Inc (NYSE:OMI) is -30.51% down. Looking at the short shares, we see there were 4.45 million shares sold at short interest cover period of 6.34 days.
The consensus price target for the stock as assigned by Wall Street analysts is 14, meaning bulls need an upside of 36.21% from its recent market value. According to analyst projections, OMI’s forecast low is 14 with 14 as the target high. To hit the forecast high, the stock’s price needs a -56.77% plunge from its current level, while the stock would need to soar -56.77% for it to hit the projected low.
Owens & Minor, Inc (OMI) estimates and forecasts
Data shows that the Owens & Minor, Inc share is performing relatively much not better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot -44.88% over the past 6 months, a 9.56% in annual growth rate that is considerably lower than the industry average of 12.70%. Year-over-year growth is forecast to reach 3.54% up from the last financial year.
Consensus estimates given by 6 financial analysts project the company’s revenue in the current quarter to hit an average of 2.7B. 4 analysts are of the opinion that Owens & Minor, Inc’s revenue for the current quarter will be 2.68B. The company’s revenue for the corresponding quarters a year ago was 2.66B and 2.61B respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 1.47%. The estimates for the next quarter sales put growth at 2.76%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 40.46%. The 2025 estimates are for Owens & Minor, Inc earnings to increase by 10.96%, but the outlook for the next 5-year period is at 16.54% per year.
OMI Dividends
Owens & Minor, Inc is expected to release its next quarterly earnings report in March. During the past 5 years, the average dividend yield was 3.49 per year.
Owens & Minor, Inc (NYSE:OMI)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 2.43% of Owens & Minor, Inc shares while 104.31% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 106.91%. There are 104.31% institutions holding the Owens & Minor, Inc stock share, with BLACKROCK INC. the top institutional holder. As of 2024-06-30, the company held 15.1193% of the shares, roughly 11.6 million OMI shares worth $156.61 million.
FMR LLC holds the second largest percentage of outstanding shares, with 14.954% or 11.47 million shares worth $154.9 million as of 2024-06-30.
Among Mutual Funds, the top two as of Oct 31, 2024 were Fidelity Small Cap Value Fund and iShares Core S&P Smallcap ETF. With 4.98 shares estimated at $43.77 million under it, the former controlled 6.46% of total outstanding shares. On the other hand, iShares Core S&P Smallcap ETF held about 6.20% of the shares, roughly 4.78 shares worth around $42.01 million.
