Brokerages Anticipate OMNOVA Solutions Inc. (NYSE:OMN) to Post $0.13 EPS

Analysts predict that OMNOVA Solutions Inc. (NYSE:OMN) will post earnings of $0.13 per share for the current quarter, according to Zacks. Zero analysts have made estimates for OMNOVA Solutions’ earnings. OMNOVA Solutions reported earnings per share of $0.17 during the same quarter last year, which suggests a negative year over year growth rate of 23.5%. The company is expected to issue its next quarterly earnings report on Thursday, January 30th.

On average, analysts expect that OMNOVA Solutions will report full-year earnings of $0.30 per share for the current year, with EPS estimates ranging from $0.20 to $0.40. For the next financial year, analysts expect that the company will post earnings of $0.60 per share. Zacks Investment Research’s EPS calculations are an average based on a survey of research analysts that cover OMNOVA Solutions.

Several research analysts have recently weighed in on OMN shares. Zacks Investment Research downgraded shares of OMNOVA Solutions from a “hold” rating to a “strong sell” rating in a research report on Friday, December 20th. ValuEngine downgraded OMNOVA Solutions from a “hold” rating to a “sell” rating in a report on Tuesday, December 3rd. Two research analysts have rated the stock with a sell rating and two have given a hold rating to the stock. The company has a consensus rating of “Hold” and an average price target of $9.96.

Shares of OMN opened at $10.12 on Friday. OMNOVA Solutions has a 1 year low of $5.48 and a 1 year high of $10.14. The company’s 50 day simple moving average is $10.11 and its 200 day simple moving average is $9.94. The company has a market capitalization of $453.92 million, a price-to-earnings ratio of 42.17, a PEG ratio of 1.69 and a beta of 2.06. The company has a debt-to-equity ratio of 5.50, a quick ratio of 1.33 and a current ratio of 1.98.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Metropolitan Life Insurance Co NY increased its stake in OMNOVA Solutions by 16.3% in the 3rd quarter. Metropolitan Life Insurance Co NY now owns 14,993 shares of the specialty chemicals company’s stock worth $151,000 after acquiring an additional 2,102 shares during the last quarter. K2 Principal Fund L.P. bought a new position in shares of OMNOVA Solutions during the 3rd quarter valued at about $2,342,000. Barclays PLC increased its position in shares of OMNOVA Solutions by 271.1% during the 3rd quarter. Barclays PLC now owns 197,487 shares of the specialty chemicals company’s stock valued at $1,989,000 after purchasing an additional 144,264 shares during the last quarter. Mint Tower Capital Management B.V. bought a new position in shares of OMNOVA Solutions during the 3rd quarter valued at about $692,000. Finally, State Street Corp increased its position in shares of OMNOVA Solutions by 0.3% during the 3rd quarter. State Street Corp now owns 894,959 shares of the specialty chemicals company’s stock valued at $9,012,000 after purchasing an additional 2,681 shares during the last quarter. Institutional investors and hedge funds own 85.16% of the company’s stock.

OMNOVA Solutions Company Profile

OMNOVA Solutions Inc provides specialty solutions and performance materials for various commercial, industrial, and residential end uses in the United States, Europe, and Asia. Its Specialty Solutions segment designs, develops, produces, and markets specialty products for use in various applications, such as architectural and industrial coatings; nonwovens used in hygiene products, filtration, and construction; drilling additives for oil and gas drilling, cementing, and fracking; elastomeric modification of plastic casings and hoses used in household, industrial products, and automobiles; tapes and adhesives; sports surfaces; textile finishes; commercial building refurbishment; new construction; residential cabinets; flooring; ceiling tiles; furnishings; manufactured housing; health care patient; common area furniture; and various industrial films applications.

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