Owens Minor Stock Today

OMI Stock  USD 27.95  1.37  5.15%   

Performance

22 of 100

 
Low
 
High
Solid

Odds Of Distress

Less than 15

 
100  
 
Zero
Low
Owens Minor is trading at 27.95 as of the 28th of March 2024. This is a 5.15 percent increase since the beginning of the trading day. The stock's open price was 26.58. Owens Minor has less than a 15 % chance of experiencing some financial distress in the next two years of operation and had a solid performance during the last 90 days. Equity ratings for Owens Minor are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 7th of July 2022 and ending today, the 28th of March 2024. Click here to learn more.
Business Domain
Health Care Equipment & Services
IPO Date
16th of December 1988
Category
Healthcare
Classification
Health Care
Owens Minor, Inc., together with its subsidiaries, operates as a healthcare solutions company in the United States and internationally. The company was founded in 1882 and is headquartered in Richmond, Virginia. Owens Minor operates under Medical Distribution classification in the United States and is traded on New York Stock Exchange. The company has 76.6 M outstanding shares of which 6.01 M shares are now shorted by investors with about 8.08 days to cover. More on Owens Minor

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Owens Stock Highlights

Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Owens Minor's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Owens Minor or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
CEOEdward Pesicka
Thematic IdeaWholesale (View all Themes)
Old NameOrosur Mining Inc
Business ConcentrationHealth Care Providers & Services, Health Care Equipment & Services, Health Care, NYSE Composite, SP Small-Cap 600, Wholesale, Health Care, Health Care Providers & Services, Medical Distribution, Healthcare (View all Sectors)
Average Analyst Recommendation
Analysts covering Owens Minor report their recommendations after researching Owens Minor's financial statements, talking to executives and customers, or listening in on Owens Minor's conference calls. The current trade recommendation is based on an ongoing consensus estimate among financial analysts covering Owens Minor. The Owens consensus assessment is calculated by taking the average forecast from all of the analysts covering Owens Minor.
Financial Strength
Based on the analysis of Owens Minor's profitability, liquidity, and operating efficiency, Owens Minor may be sliding down financialy. It has an above-average probability of going through some form of financial hardship next quarter. Financial strength of Owens Minor is based on its profitability, leverage, liquidity, source of funds, and operating efficiency.
Current ValueLast YearChange From Last Year 10 Year Trend
Asset Turnover4.022.0289
Way Up
Slightly volatile
Gross Profit Margin0.220.2056
Notably Up
Slightly volatile
Net Debt2.2 B2.1 B
Sufficiently Up
Slightly volatile
Total Current LiabilitiesB1.9 B
Sufficiently Up
Slightly volatile
Non Current Liabilities Total2.4 B2.3 B
Sufficiently Up
Slightly volatile
Total Assets5.3 B5.1 B
Sufficiently Up
Slightly volatile
Total Current Assets1.2 B2.1 B
Way Down
Slightly volatile
Owens Minor's financial strength is of vital concern to both outside investors and internal stakeholders. Efficiency and cost control are keys to Owens Minor's success, along with its ability to generate sufficient cash flow to pay bills, repay debt, and make a consistent year-to-year profit.
Owens Minor's bond ratings measure its overall creditworthiness, which in many ways corresponds to the cost of borrowing for an issuer. These ratings assign a letter grade to all of Owens Minor's outstanding corporate bonds that indicate their credit quality. We use reports published by private self-sufficient rating services such as Standard & Poor's or Fitch Ratings Inc. to evaluate a bond issuer's financial strength or its ability to pay a bond's principal and interest.
Financial leverage usually refers to the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand Owens Minor's financial leverage. It provides some insight into what part of Owens Minor's total assets is financed by creditors.
By using current balance sheet information, investors can analyze the liability, assets, and equity on Owens Minor's books and decide whether to invest or hold. Statistics such as return on equity (ROE), debt to equity (D/E) help investors determine how Owens Minor deploys its capital and how much of that capital is borrowed.
Liquidity
Owens Minor cash flow analysis is essential to understand how it generates and spends money over a specific period. It can also help you figure out where your money is going and how much cash you have available at a given moment. The company has 2.32 B in debt with debt to equity (D/E) ratio of 2.99, meaning that the company heavily relies on borrowing funds for operations. Owens Minor has a current ratio of 1.52, which is typical for the industry and considered as normal. Debt can assist Owens Minor until it has trouble settling it off, either with new capital or with free cash flow. So, Owens Minor's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Owens Minor sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Owens to invest in growth at high rates of return. When we think about Owens Minor's use of debt, we should always consider it together with cash and equity.

Depreciation

301.75 Million
Owens Minor (OMI) is traded on New York Stock Exchange in USA. It is located in 9120 Lockwood Boulevard, Mechanicsville, VA, United States, 23116 and employs 22,200 people. Owens Minor is listed under Health Care Providers & Services category by Fama And French industry classification. The company currently falls under 'Mid-Cap' category with a total capitalization of 2.14 B. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Owens Minor's market, we take the total number of its shares issued and multiply it by Owens Minor's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities. Owens Minor runs under Health Care Providers & Services sector within Health Care industry. The entity has 76.6 M outstanding shares of which 6.01 M shares are now shorted by investors with about 8.08 days to cover. Owens Minor has about 69.47 M in cash with 740.71 M of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.74.
Check Owens Minor Probability Of Bankruptcy
Ownership Allocation
Owens Minor has a total of 76.6 Million outstanding shares. The majority of Owens Minor outstanding shares are owned by third-party entities. These institutional holders are usually referred to as non-private investors looking to secure positions in Owens Minor to benefit from reduced commissions. Consequently, institutional investors are subject to a different set of regulations than regular investors in Owens Minor. Please pay attention to any change in the institutional holdings of Owens Minor as this could imply that something significant has changed or is about to change at the company. Remember, it does not matter who owns the company or if the company is currently losing money. If the true value of the company is more than the market pays for it currently, you can still have a good investment opportunity.
Check Owens Ownership Details

Owens Stock Price Odds Analysis

Coming from a normal probability distribution, the odds of Owens Minor jumping above the current price in 90 days from now is about 1.32%. The Owens Minor probability density function shows the probability of Owens Minor stock to fall within a particular range of prices over 90 days. Considering the 90-day investment horizon the stock has a beta coefficient of 1.8306. This indicates as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, Owens Minor will likely underperform. Additionally, owens Minor has an alpha of 0.2788, implying that it can generate a 0.28 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta).
  Odds Below 27.95HorizonTargetOdds Above 27.95
98.67%90 days
 27.95 
1.32%
Based on a normal probability distribution, the odds of Owens Minor to move above the current price in 90 days from now is about 1.32 (This Owens Minor probability density function shows the probability of Owens Stock to fall within a particular range of prices over 90 days) .

Owens Stock Institutional Holders

Institutional Holdings refers to the ownership stake in Owens Minor that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Owens Minor's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Owens Minor's value.
InstituionRecorded OnShares
Renaissance Technologies Corp2023-12-31
1.3 M
Amvescap Plc.2023-12-31
1.2 M
Nuveen Asset Management, Llc2023-12-31
1.1 M
Morgan Stanley - Brokerage Accounts2023-12-31
984.5 K
Northern Trust Corp2023-12-31
912.3 K
Charles Schwab Investment Management Inc2023-12-31
825.1 K
Bank Of New York Mellon Corp2023-12-31
702.7 K
Goldman Sachs Group Inc2023-12-31
643.5 K
Bridgeway Capital Management, Llc2023-12-31
528.7 K
Blackrock Inc2023-12-31
12.3 M
Fmr Inc2023-12-31
10.4 M
View Owens Minor Diagnostics

Owens Minor Historical Income Statement

Owens Minor Income Statement is one of the three primary financial statements used for reporting Owens's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of Owens Minor revenue and expense. Owens Minor Income Statement primarily focuses on the company's revenues and expenses during a particular period.
As of now, Owens Minor's Operating Income is increasing as compared to previous years. The Owens Minor's current EBIT is estimated to increase to about 314.8 M, while Total Revenue is projected to decrease to under 5.9 B. View More Fundamentals

Owens Stock Against Markets

Picking the right benchmark for Owens Minor stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Owens Minor stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Owens Minor is critical whether you are bullish or bearish towards Owens Minor at a given time. Please also check how Owens Minor's historical prices are related to one of the top price index indicators.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Owens Minor without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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Owens Minor Corporate Directors

Owens Minor corporate directors refer to members of an Owens Minor board of directors. The board of directors generally takes responsibility for the Owens Minor's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Owens Minor's board members must vote for the resolution. The Owens Minor board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.
Lemuel LewisIndependent DirectorProfile
Michael RiordanIndependent DirectorProfile
Truitt AllcottOther, Director, Media RelationsProfile
Gwendolyn BinghamIndependent DirectorProfile

How to buy Owens Stock?

Before investing in Owens Minor, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Owens Minor. To buy Owens Minor stock, you can follow these steps:
  • Choose a brokerage firm: You need to select a brokerage firm to buy shares of Owens Minor. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
  • Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
  • Fund your account: You will need to deposit funds into your brokerage account to purchase Owens Minor stock. You can do this by transferring funds from your bank account or other investment accounts.
  • Place your order: Once you have located Owens Minor stock in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
  • Monitor your investment: After you have purchased Owens Minor stock, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the stock
It's important to note that investing in stocks, such as Owens Minor, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in stock prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. For more information on how to buy Owens Stock please use our How to Invest in Owens Minor guide.

Already Invested in Owens Minor?

The danger of trading Owens Minor is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Owens Minor is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Owens Minor. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Owens Minor is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether Owens Minor offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Owens Minor's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Owens Minor Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Owens Minor Stock:
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Owens Minor. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in population.
For more detail on how to invest in Owens Stock please use our How to Invest in Owens Minor guide.
You can also try the Headlines Timeline module to stay connected to all market stories and filter out noise. Drill down to analyze hype elasticity.

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When running Owens Minor's price analysis, check to measure Owens Minor's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Owens Minor is operating at the current time. Most of Owens Minor's value examination focuses on studying past and present price action to predict the probability of Owens Minor's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Owens Minor's price. Additionally, you may evaluate how the addition of Owens Minor to your portfolios can decrease your overall portfolio volatility.
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Is Owens Minor's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Owens Minor. If investors know Owens will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Owens Minor listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
(0.72)
Earnings Share
(0.54)
Revenue Per Share
136.359
Quarterly Revenue Growth
0.041
Return On Assets
0.0261
The market value of Owens Minor is measured differently than its book value, which is the value of Owens that is recorded on the company's balance sheet. Investors also form their own opinion of Owens Minor's value that differs from its market value or its book value, called intrinsic value, which is Owens Minor's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Owens Minor's market value can be influenced by many factors that don't directly affect Owens Minor's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Owens Minor's value and its price as these two are different measures arrived at by different means. Investors typically determine if Owens Minor is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Owens Minor's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.