Owens & Minor Inc. (NYSE: OMI) has reported a loss for its first fiscal quarter (ending March 31) of $-0.29 versus a loss $-0.32 for the same period a year ago. This performance was $-0.58 short of the consensus estimate of $0.29. E.P.S. were $-0.51 for the latest four quarters through March 31 versus $-0.54 for the same period a year ago.
Recent Price Action
Owens & Minor Inc. (NYSE: OMI) stock suffered a major decline of -25.7% on 5/3/24. The shares closed at $18.21. Moreover, this decline was accompanied by exceptionally high trading volume at 490% of normal. The stock has been exceptionally strong relative to the market over the last nine months but has declined -24.5% during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to exceed the cost of capital, OMI is expected to continue to be an important Value Builder.
Owens & Minor has a current Value Trend Rating of A (Highest Rating). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing consistent signals. Owens & Minor has a good Appreciation Score of 72 and a very high Power Rating of 87, resulting in the Highest Value Trend Rating.
Rating Review
In light of this new information and highly negative price change we are reviewing our current Overall Rating of A. This review will be completed in the next several days.
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