Wall Street brokerages forecast that OMNOVA Solutions Inc. (NYSE:OMN) will announce $0.26 earnings per share (EPS) for the current quarter, according to Zacks. Zero analysts have made estimates for OMNOVA Solutions’ earnings. OMNOVA Solutions posted earnings of $0.18 per share during the same quarter last year, which would suggest a positive year-over-year growth rate of 44.4%. The firm is scheduled to announce its next earnings report on Wednesday, September 25th.

On average, analysts expect that OMNOVA Solutions will report full year earnings of $0.53 per share for the current financial year, with EPS estimates ranging from $0.40 to $0.65. For the next financial year, analysts expect that the business will report earnings of $0.70 per share, with EPS estimates ranging from $0.60 to $0.80. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of research analysts that follow OMNOVA Solutions.

OMNOVA Solutions (NYSE:OMN) last released its quarterly earnings data on Wednesday, July 3rd. The specialty chemicals company reported $0.12 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.22 by ($0.10). OMNOVA Solutions had a return on equity of 33.50% and a net margin of 0.79%. The company had revenue of $205.70 million during the quarter, compared to analysts’ expectations of $210.55 million. During the same quarter in the prior year, the company posted $0.20 EPS. The company’s revenue for the quarter was down .3% on a year-over-year basis.

Several research firms have commented on OMN. Sidoti lowered OMNOVA Solutions from a “buy” rating to a “neutral” rating and set a $10.00 price objective on the stock. in a research report on Wednesday, July 3rd. ValuEngine upgraded Vistra Energy from a “hold” rating to a “buy” rating in a research report on Wednesday, July 3rd. Deutsche Bank restated a “hold” rating and issued a GBX 350 ($4.57) price objective on shares of in a research report on Friday, July 5th. Finally, Zacks Investment Research lowered ExlService from a “hold” rating to a “sell” rating in a research report on Wednesday, July 10th. Two investment analysts have rated the stock with a sell rating and two have assigned a hold rating to the company. OMNOVA Solutions currently has an average rating of “Hold” and a consensus target price of $9.96.

A number of hedge funds and other institutional investors have recently bought and sold shares of OMN. New York State Teachers Retirement System acquired a new position in OMNOVA Solutions in the 1st quarter valued at $27,000. Legal & General Group Plc increased its stake in shares of OMNOVA Solutions by 40.9% in the 4th quarter. Legal & General Group Plc now owns 8,760 shares of the specialty chemicals company’s stock worth $64,000 after acquiring an additional 2,541 shares during the last quarter. BNP Paribas Arbitrage SA increased its stake in shares of OMNOVA Solutions by 1,304.3% in the 1st quarter. BNP Paribas Arbitrage SA now owns 9,114 shares of the specialty chemicals company’s stock worth $64,000 after acquiring an additional 8,465 shares during the last quarter. Metropolitan Life Insurance Co. NY increased its stake in shares of OMNOVA Solutions by 365.3% in the 4th quarter. Metropolitan Life Insurance Co. NY now owns 14,907 shares of the specialty chemicals company’s stock worth $109,000 after acquiring an additional 11,703 shares during the last quarter. Finally, Mackay Shields LLC acquired a new stake in shares of OMNOVA Solutions in the 4th quarter worth $176,000. 91.91% of the stock is owned by hedge funds and other institutional investors.

OMNOVA Solutions stock traded down $0.01 during mid-day trading on Friday, hitting $9.98. The company had a trading volume of 34,298 shares, compared to its average volume of 1,170,349. The company has a debt-to-equity ratio of 5.36, a current ratio of 1.89 and a quick ratio of 1.26. OMNOVA Solutions has a 12-month low of $5.48 and a 12-month high of $10.70. The firm’s fifty day moving average is $7.07. The stock has a market cap of $448.00 million, a P/E ratio of 15.85, a price-to-earnings-growth ratio of 1.90 and a beta of 2.19.

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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Earnings History and Estimates for OMNOVA Solutions (NYSE:OMN)

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