Barclays Maintains an 'Equalweight' on Owens & Minor (OMI); Quarter Fell Short; Cutting Estimates

April 24, 2012 2:15 PM EDT
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Price: $36.44 -1.01%

Rating Summary:
    0 Buy, 6 Hold, 5 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 22 | Down: 34 | New: 34
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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.

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