OMNOVA Solutions (OMN) Receiving Somewhat Positive News Coverage, Analysis Shows
News coverage about OMNOVA Solutions (NYSE:OMN) has trended somewhat positive on Tuesday, according to Accern Sentiment. The research group ranks the sentiment of news coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. OMNOVA Solutions earned a media sentiment score of 0.07 on Accern’s scale. Accern also gave press coverage about the specialty chemicals company an impact score of 45.7765869477442 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
These are some of the media headlines that may have effected Accern Sentiment’s scoring:
- OMNOVA Solutions Inc. (OMN) Lowered to Hold at Zacks Investment Research (americanbankingnews.com)
- OMNOVA Solutions (OMN) vs. its Competitors Financial Comparison (americanbankingnews.com)
- OMNOVA Solutions to Webcast Third Quarter 2017 Earnings Call (finance.yahoo.com)
- Carpet Chemicals Market to Reflect Impressive Growth Rate During 2016 – 2026 (openpr.com)
OMNOVA Solutions (NYSE:OMN) traded down 0.55% during mid-day trading on Tuesday, hitting $9.10. 60,567 shares of the stock were exchanged. The company has a 50 day moving average of $9.04 and a 200 day moving average of $9.14. The firm’s market cap is $408.69 million. OMNOVA Solutions has a 12-month low of $7.05 and a 12-month high of $10.27.
OMNOVA Solutions (NYSE:OMN) last announced its quarterly earnings data on Wednesday, June 28th. The specialty chemicals company reported $0.16 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.16. OMNOVA Solutions had a positive return on equity of 18.52% and a negative net margin of 1.19%. The business had revenue of $221.30 million during the quarter, compared to the consensus estimate of $204.40 million. During the same period in the previous year, the company posted $0.18 earnings per share. The business’s revenue for the quarter was up 9.6% on a year-over-year basis. On average, equities analysts anticipate that OMNOVA Solutions will post $0.59 earnings per share for the current fiscal year.
A number of research firms have recently weighed in on OMN. BidaskClub cut shares of OMNOVA Solutions from a “buy” rating to a “hold” rating in a report on Monday, July 24th. Zacks Investment Research upgraded shares of OMNOVA Solutions from a “hold” rating to a “buy” rating and set a $11.00 price target on the stock in a report on Friday, July 7th. ValuEngine upgraded shares of OMNOVA Solutions from a “hold” rating to a “buy” rating in a report on Saturday, June 10th. Jefferies Group LLC restated a “buy” rating and issued a $12.00 price target on shares of OMNOVA Solutions in a report on Friday, June 16th. Finally, Sidoti began coverage on shares of OMNOVA Solutions in a report on Tuesday, June 13th. They issued a “buy” rating and a $12.00 price target on the stock. One research analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $11.67.
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OMNOVA Solutions Company Profile
OMNOVA Solutions Inc is a provider of emulsion polymers, specialty chemicals and engineered surfaces for commercial, industrial and residential end uses. The Company’s segments include Performance Chemicals and Engineered Surfaces. The Performance Chemicals segment produces a range of emulsion polymers and specialty chemicals based on styrene butadiene, styrene butadiene acrylonitrile, styrene butadiene vinyl pyridine, nitrile butadiene, polyvinyl acetate, acrylic, styrene acrylic, vinyl acrylic, glyoxal, fluorochemical and bio-based chemistries.
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