Owens & Minor (NYSE:OMI – Get Free Report) issued an update on its FY 2024 earnings guidance on Tuesday morning. The company provided EPS guidance of 1.400-1.700 for the period, compared to the consensus EPS estimate of 1.530. The company issued revenue guidance of $10.5 billion-$10.9 billion, compared to the consensus revenue estimate of $10.7 billion. Owens & Minor also updated its FY24 guidance to $1.40-1.70 EPS.
Owens & Minor Stock Performance
Shares of OMI stock traded up $0.03 during trading hours on Wednesday, reaching $16.51. The company had a trading volume of 557,281 shares, compared to its average volume of 760,197. The firm has a market cap of $1.26 billion, a PE ratio of -32.31, a price-to-earnings-growth ratio of 0.49 and a beta of 0.25. The business has a fifty day moving average price of $15.97 and a 200-day moving average price of $20.47. Owens & Minor has a one year low of $12.36 and a one year high of $28.35. The company has a debt-to-equity ratio of 2.17, a quick ratio of 0.56 and a current ratio of 1.16.
Owens & Minor (NYSE:OMI – Get Free Report) last posted its earnings results on Friday, May 3rd. The company reported $0.19 EPS for the quarter, topping analysts’ consensus estimates of $0.17 by $0.02. The business had revenue of $2.61 billion during the quarter, compared to the consensus estimate of $2.61 billion. Owens & Minor had a negative net margin of 0.37% and a positive return on equity of 12.97%. The firm’s revenue was up 3.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.05 EPS. Sell-side analysts predict that Owens & Minor will post 1.53 earnings per share for the current fiscal year.
Analyst Ratings Changes
Read Our Latest Analysis on Owens & Minor
Insiders Place Their Bets
In other news, CFO Alexander J. Bruni sold 10,568 shares of the stock in a transaction that occurred on Monday, June 3rd. The stock was sold at an average price of $17.76, for a total transaction of $187,687.68. Following the completion of the transaction, the chief financial officer now directly owns 49,950 shares in the company, valued at approximately $887,112. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Owens & Minor news, Director Mark A. Beck sold 9,344 shares of the company’s stock in a transaction that occurred on Wednesday, June 5th. The stock was sold at an average price of $17.25, for a total transaction of $161,184.00. Following the sale, the director now directly owns 11,154 shares in the company, valued at $192,406.50. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Alexander J. Bruni sold 10,568 shares of Owens & Minor stock in a transaction that occurred on 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 of the company’s stock, valued at approximately $887,112. The disclosure for this sale can be found here. Insiders have sold a total of 31,923 shares of company stock valued at $562,711 in the last quarter. 3.59% of the stock is currently owned by insiders.
Owens & Minor Company Profile
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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