Why Owens & Minor Stock Just Dropped 22.5% [The Motley Fool]
Owens & Minor, Inc. (OMI)
Last owens & minor, inc. earnings: 3/4 06:45 am
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Source: The Motley Fool
Why Owens & Minor Stock Just Dropped 22.5% An earnings beat, a sales miss, and future guidance all went awry. Owens & Minor ( NYSE:OMI ) beat expectations in its Q4 earnings report this morning. Nonetheless, the stock is down for the global healthcare solutions company -- 22.5% as of 10:45 a.m. EST, and falling. Heading into earnings, analysts had predicted Owens & Minor would earn $0.23 per share in adjusted ( pro forma ) profits on sales of $2.5 billion. Owens beat the earnings number, reporting a pro forma profit of $0.26 per share. Unfortunately, it missed badly on sales, which came in below $2.2 billion. CEO Edward Pesicka played up the "sequential improvement in adjusted operating income and adjusted earnings per share," adding that Owens & Minor is also "continuing to generate positive cash flow and reduce debt." Under generally accepted accounting principles ( GAAP ), Owens & Minor's per-share quarterly loss improved from $4.37 a year ago to $0.65 in Q4 2019. For the year, G
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News
- Owens & Minor, Inc. (NYSE: OMI) had its price target lowered by analysts at UBS Group AG from $28.00 to $25.00. They now have a "buy" rating on the stock.MarketBeat
- Owens & Minor, Inc. (NYSE: OMI) had its price target lowered by analysts at Citigroup Inc. from $21.00 to $18.50. They now have a "buy" rating on the stock.MarketBeat
- Owens & Minor, Inc. (NYSE: OMI) had its price target lowered by analysts at Barclays PLC from $18.00 to $14.00. They now have an "equal weight" rating on the stock.MarketBeat
- Owens & Minor, Inc. (NYSE: OMI) had its price target lowered by analysts at Robert W. Baird from $19.00 to $14.00. They now have a "neutral" rating on the stock.MarketBeat
- Owens & Minor Inc (OMI) Q3 2024 Earnings Call Highlights: Strong Revenue Growth Amid ... [Yahoo! Finance]Yahoo! Finance
OMI
Earnings
- 11/4/24 - Beat
OMI
Sec Filings
- 11/21/24 - Form 144
- 11/19/24 - Form 4
- 11/18/24 - Form 144
- OMI's page on the SEC website