OMNOVA Solutions Inc. (OMN) Scheduled to Post Quarterly Earnings on Wednesday
OMNOVA Solutions Inc. (NYSE:OMN) will issue its quarterly earnings data before the market opens on Wednesday, September 20th. Analysts expect the company to announce earnings of $0.18 per share for the quarter.
OMNOVA Solutions (NYSE:OMN) last released its quarterly earnings data on Wednesday, June 28th. The specialty chemicals company reported $0.16 EPS for the quarter, meeting analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $204.40 million. During the same quarter in the prior year, the business posted $0.18 EPS. The business’s revenue for the quarter was up 9.6% on a year-over-year basis. On average, analysts expect OMNOVA Solutions to post $0.59 EPS for the current fiscal year and $0.72 EPS for the next fiscal year.
OMNOVA Solutions Inc. (OMN) opened at 9.10 on Tuesday. The stock’s market cap is $408.69 million. The stock has a 50 day moving average price of $8.96 and a 200-day moving average price of $9.13. OMNOVA Solutions Inc. has a 12-month low of $7.05 and a 12-month high of $10.27.
Several research analysts recently commented on the company. BidaskClub cut OMNOVA Solutions from a “hold” rating to a “sell” rating in a research note on Wednesday, August 9th. ValuEngine upgraded OMNOVA Solutions from a “hold” rating to a “buy” rating in a research note on Saturday, June 10th. Jefferies Group LLC reiterated a “buy” rating and issued a $12.00 price target on shares of OMNOVA Solutions in a research note on Friday, June 16th. Zacks Investment Research cut OMNOVA Solutions from a “buy” rating to a “hold” rating in a research note on Wednesday, September 6th. Finally, Sidoti assumed coverage on OMNOVA Solutions in a research note 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 assigned a hold rating and three have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $11.67.
TRADEMARK VIOLATION NOTICE: This article was posted by The Cerbat Gem and is the property of of The Cerbat Gem. If you are accessing this article on another domain, it was stolen and reposted in violation of US & international trademark and copyright laws. The correct version of this article can be viewed at https://www.thecerbatgem.com/2017/09/19/omnova-solutions-inc-omn-scheduled-to-post-quarterly-earnings-on-wednesday.html.
About OMNOVA Solutions
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.
Receive News & Stock Ratings for OMNOVA Solutions Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for OMNOVA Solutions Inc. and related stocks with our FREE daily email newsletter.