It’s Not Over Yet For Owens & Minor, Inc. (NYSE: OMI)

After Hours

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. Most recently, Yahoo Finance reported about the stock as it publicized that Owens & Minor Announces Fourth Quarter 2023 Earnings Release Date and Conference Call.

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Stocks Info

Owens & Minor, Inc. is listed on the NYSE as a member of the Healthcare sector and is a part of the Medical Distribution industry. At the end of the last regular session, the stock closed at $21.14 and fluctuated between $21.45 as its day high and $20.06 as its day low. The current market capitalization of Owens & Minor, Inc. is $1.62B. A total of 0.63 million shares were traded on the day, compared to an average of 0.89 shares.

Insider Activity

Additionally, investors take into account insider trades when predicting how a stock will perform. During the recent three months, OMI has seen 0 BUY and 4 SELL insider trades, representing the acquisition of 0 and the disposition of 13,659 shares. Over the last 12 months, there were 30 BUYs and 42 SELLs from insiders. Insiders purchased 981,561 shares during that period but sold 1,187,362.

In the most recent transaction, Galloway Heath H sold 97 shares of OMI for 19.91 per share on Feb 07. After the transaction, the EVP,General Counsel & CorpSecy now owns 36,437 company shares. In a previous transaction on Jan 17, Leon Jonathan A sold 7,500 shares at 18.08 per share. OMI shares that SVP, Corporate Treasurer owns now total 83,213.

Among the insiders who sold shares, Leon Jonathan A disposed of 5,000 shares on Dec 20 at a per-share price of $21.34. This resulted in the SVP, Corporate Treasurer holding 93,213 shares of OMI after the transaction. In another insider transaction, Bernocchi Perry A sold 19,302 shares at $18.75 per share on Nov 22. Company shares held by the EVP, CEO,. Patient Direct now total 164,347.

Dividend

It is more appealing for investors to invest in companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook for the company. 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.

Though price targets are rarely accurate, they can exert some influence from time to time and were often accepted as valuable by the market. According to analysts who have offered 12-month price targets for OMI in the last 3 months, the mean price target is $21.83 with high estimates of $26.00 and low estimates of $16.00. In terms of 52-week highs and lows, OMI has a high of $23.66 and a low of $11.79.

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

Balance Sheet Annually/Quarterly

A balance sheet is a report that shows the company’s assets and liabilities. In addition, it shows how much equity investors have invested in the company. Investors can determine the company’s prospects by calculating its financial ratios based on this information. 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

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. 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 2.83.

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