Owens & Minor (NYSE:OMI – Get Free Report) issued an update on its second quarter earnings guidance on Tuesday morning. The company provided EPS guidance of $0.32-0.36 for the period, compared to the consensus EPS estimate of $0.31. The company issued revenue guidance of $2.65-2.67 billion, compared to the consensus revenue estimate of $2.64 billion. Owens & Minor also updated its FY 2024 guidance to 1.400-1.700 EPS.
Owens & Minor Stock Down 3.3 %
OMI stock opened at $15.66 on Friday. The firm has a 50-day simple moving average of $15.82 and a two-hundred day simple moving average of $20.40. The company has a debt-to-equity ratio of 2.17, a current ratio of 1.16 and a quick ratio of 0.56. Owens & Minor has a one year low of $12.36 and a one year high of $28.35.
Owens & Minor (NYSE:OMI – Get Free Report) last announced its earnings results on Friday, May 3rd. The company reported $0.19 earnings per share for the quarter, topping the consensus estimate of $0.17 by $0.02. Owens & Minor had a positive return on equity of 12.97% and a negative net margin of 0.37%. The firm had revenue of $2.61 billion for the quarter, compared to the consensus estimate of $2.61 billion. During the same period in the previous year, the business earned $0.05 EPS. The firm’s revenue for the quarter was up 3.6% on a year-over-year basis. As a group, research analysts forecast that Owens & Minor will post 1.53 earnings per share for the current year.
Analyst Upgrades and Downgrades
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Insider Activity at Owens & Minor
In other Owens & Minor news, EVP Heath H. Galloway sold 2,031 shares of the company’s stock in a transaction that occurred on Thursday, May 16th. The stock was sold at an average price of $20.18, for a total value of $40,985.58. Following the sale, the executive vice president now owns 56,898 shares in the company, valued at approximately $1,148,201.64. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, CFO Alexander J. Bruni sold 10,568 shares of Owens & Minor stock in a transaction dated Monday, June 3rd. The stock was sold at an average price of $17.76, for a total value of $187,687.68. Following the completion of the transaction, the chief financial officer now owns 49,950 shares in the company, valued at approximately $887,112. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Heath H. Galloway sold 2,031 shares of the company’s stock in a transaction dated Thursday, May 16th. The stock was sold at an average price of $20.18, for a total value of $40,985.58. Following the completion of the transaction, the executive vice president now directly owns 56,898 shares of the company’s stock, valued at approximately $1,148,201.64. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 31,923 shares of company stock worth $562,711. 3.59% of the stock is owned by corporate insiders.
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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