Barclays Maintains an 'Equalweight' on Owens & Minor (OMI); Quarter Fell Short; Cutting Estimates
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Price: $34.38 -1.04%
Rating Summary:
0 Buy, 4 Hold, 3 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 0 | Down: 0 | New: 8
Rating Summary:
0 Buy, 4 Hold, 3 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 0 | Down: 0 | New: 8
Trade OMI Now!
Barclays maintains an 'Equalweight' on Owens & Minor (NYSE: OMI) price target of $32.00.
Analyst, Lawrence C. Marsh, said, "While OMI continues to post steady top-line growth in an admittedly challenging market, the company reported weaker-than-expected profits on lower gross margin, which led to a quarter that fell short of our and consensus estimates...With the weaker-than-anticipated result, we lower our C12 and C13 EPS estimates." (FY12/13 EPS estimate are both cut $0.02 to $2.08/$2.23 respectively)
For an analyst ratings summary and ratings history on Owens & Minor click here. For more ratings news on Owens & Minor click here.
Shares of Owens & Minor closed at $29.25 yesterday, with a 52 week range of $25.87-$35.71.
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Analyst, Lawrence C. Marsh, said, "While OMI continues to post steady top-line growth in an admittedly challenging market, the company reported weaker-than-expected profits on lower gross margin, which led to a quarter that fell short of our and consensus estimates...With the weaker-than-anticipated result, we lower our C12 and C13 EPS estimates." (FY12/13 EPS estimate are both cut $0.02 to $2.08/$2.23 respectively)
For an analyst ratings summary and ratings history on Owens & Minor click here. For more ratings news on Owens & Minor click here.
Shares of Owens & Minor closed at $29.25 yesterday, with a 52 week range of $25.87-$35.71.
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