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Sunday, December 3, 2023

Searching For Real Value In Market Debris At Owens & Minor, Inc. (NYSE: OMI)

After Hours

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. After-hours trades for Owens & Minor, Inc. (OMI) shows that investor sentiment remained same, with the stock’s consolidated last price to $19.38. The Owens & Minor, Inc. has recorded 64,248 volume in the after hours trading session. Yahoo Finance discussed the stock recently as it posted Owens & Minor Reports Third Quarter 2023 Financial Results.

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Stocks Info

As a NYSE listed company, OMI falls under the Healthcare sector while operating within the Medical Distribution industry segment. At the end of the last regular session, the stock closed at $19.38 and fluctuated between $19.69 as its day high and $18.68 as its day low. The current market capitalization of Owens & Minor, Inc. is $1.48B. A total of 1.51 million shares were traded on the day, compared to an average of 872.39K shares.

Insider Activity

Aside from predicting where a stock will go, investors also consider insider trades as an indicator of the stock’s future direction. During the recent three months, OMI has seen 0 BUY and 2 SELL insider trades, representing the acquisition of 0 and the disposition of 1,834 shares. Over the last 12 months, there were 34 BUYs and 37 SELLs from insiders. Insiders purchased 992,204 shares during that period but sold 1,163,312.

In the most recent transaction, Pesicka Edward A sold 38,780 shares of OMI for 19.28 per share on Jun 16. After the transaction, the President & CEO now owns 708,373 company shares. In a previous transaction on Jun 15, Pesicka Edward A sold 38,780 shares at 19.24 per share. OMI shares that President & CEO owns now total 747,153.

Among the insiders who sold shares, Pesicka Edward A disposed of 118,928 shares on Jun 09 at a per-share price of $20.79. This resulted in the President & CEO holding 785,933 shares of OMI after the transaction. In another insider transaction, Pesicka Edward A sold 118,928 shares at $21.19 per share on Jun 08. Company shares held by the President & CEO now total 904,861.


Investors prefer companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook. OMI’s most recent ex-dividend date was 12/14/2021 when it declared a $0.0020 quarterly dividend that was paid in cash on 12/31/2021. Previously, the company paid the dividend on 9/30/2021 with an ex-dividend date of 9/14/2021. The OMI stock dividend was $0.0020 per share in cash.

In spite of price targets being rarely accurate, it tends to exert some kind influence from time to time, and was often accepted by the market as having some value. According to analysts who have offered 12-month price targets for OMI in the last 3 months, the mean price target is $18.80 with high estimates of $22.00 and low estimates of $16.00. In terms of 52-week highs and lows, OMI has a high of $22.86 and a low of $11.79.

As of this writing, OMI has an earnings estimate of $Kinder Morgan, Inc. per share for the current quarter. EPS was calculated based on a consensus of Organigram Holdings Inc. estimates, with a high estimate of $Cummins Inc. per share and a lower estimate of $Omega Healthcare Investors, Inc.

Balance Sheet Annually/Quarterly

The balance sheet of a company shows what assets and liabilities a company has, as well as the amount, equity investors have invested. With the help of this information, a company’s financial ratios can be calculated to give investors an overview of the company’s prospects. OMI’s latest balance sheet shows that the firm has $55.71M in Cash & Short Term Investments as of fiscal 2021. There were $1.11B in debt and $1.34B in liabilities at the time. Its Book Value Per Share was $11.59, while its Total Shareholder’s Equity was $938.50M.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for OMI is Buy with a score of 2.80.

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