OMNOVA Solutions (OMN) Scheduled to Post Quarterly Earnings on Thursday
OMNOVA Solutions (NYSE:OMN) will be announcing its earnings results before the market opens on Thursday, January 31st. Analysts expect the company to announce earnings of $0.15 per share for the quarter.
NYSE:OMN opened at $8.07 on Thursday. The company has a current ratio of 2.07, a quick ratio of 1.43 and a debt-to-equity ratio of 6.77. The company has a market cap of $370.25 million, a price-to-earnings ratio of 14.41, a P/E/G ratio of 1.08 and a beta of 2.08. OMNOVA Solutions has a fifty-two week low of $6.28 and a fifty-two week high of $11.90.
OMNOVA Solutions declared that its board has authorized a share buyback program on Wednesday, September 26th that authorizes the company to buyback $20.00 million in outstanding shares. This buyback authorization authorizes the specialty chemicals company to buy up to 4.3% of its shares through open market purchases. Shares buyback programs are typically an indication that the company’s leadership believes its stock is undervalued.
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About OMNOVA Solutions
OMNOVA Solutions Inc provides emulsion polymers, specialty chemicals, and engineered surfaces for various commercial, industrial, and residential end uses in the United States, Europe, and Asia. The company operates in two segments, Specialty Solutions and Performance Materials. The Specialty Solutions segment designs, develops, produces, and markets specialty polymers which are used 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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