Owens & Minor Analysts Boost Their Forecasts After Q2 Results

Benzinga
Aug 13

Owens & Minor, Inc. (NYSE:OMI) reported worse-than-expected second-quarter earnings on Monday.

Owens & Minor posted adjusted earnings of 26 cents per share, missing market estimates of 27 cents per share.

Owens & Minor said it sees FY2025 adjusted EPS of $1.02-$1.07 and sales of $2.760 billion-$2.820 billion.

“We are in the final stages of our robust process for the divestiture of the Products & Healthcare Services segment, and, as a result, have classified this segment as discontinued operations. We are looking forward to concluding the sale of the business and working with a buyer who has the vision and greater flexibility to better support our customers and long-term growth,” said Ed Pesicka, Owens & Minor’s Chief Executive Officer.

Owens & Minor shares jumped 18% to close at $5.47 on Tuesday.

These analysts made changes to their price targets on Owens & Minor following earnings announcement.

  • B of A Securities analyst Allen Lutz maintained Owens & Minor with an Underperform rating and lowered the price target from $7.5 to $4.75.
  • Citigroup analyst Daniel Grosslight maintained Owens & Minor with a Buy and lowered the price target from $11 to $7.
  • Baird analyst Eric Coldwell maintained Owens & Minor with an Outperform rating and lowered the price target from $10 to $7.

Considering buying OMI stock? Here’s what analysts think:

Read This Next:

  • Cramer Expects This FinTech To Reach $100, Upset With Eli Lilly: ‘Come Back And Talk To Me’

Photo via Shutterstock

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10