NYSE:OMN - OMNOVA Solutions Stock Price, Forecast & News

OMNOVA Solutions trades on the New York Stock Exchange (NYSE) under the ticker symbol "OMN."

OMNOVA Solutions declared that its board has authorized a share repurchase program on Wednesday, September 26th 2018, which allows the company to repurchase $20,000,000.00 in shares, according to EventVestor. This repurchase authorization allows the company to reacquire up to 4.3% of its shares through open market purchases. Shares repurchase programs are often a sign that the company's management believes its stock is undervalued.

OMNOVA Solutions Inc. (NYSE:OMN) posted its quarterly earnings data on Wednesday, September, 26th. The specialty chemicals company reported $0.18 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.22 by $0.04. The specialty chemicals company had revenue of $193.60 million for the quarter, compared to analysts' expectations of $198.48 million. OMNOVA Solutions had a negative return on equity of 42.18% and a negative net margin of 3.04%. OMNOVA Solutions's revenue for the quarter was down 3.6% on a year-over-year basis. During the same period last year, the firm posted $0.25 EPS. View OMNOVA Solutions' Earnings History.

OMNOVA Solutions is scheduled to release their next quarterly earnings announcement on Thursday, February 27th 2020. View Earnings Estimates for OMNOVA Solutions.

2 equities research analysts have issued 12-month price targets for OMNOVA Solutions' shares. Their forecasts range from $9.91 to $10.00. On average, they anticipate OMNOVA Solutions' stock price to reach $9.96 in the next twelve months. This suggests that the stock has a possible downside of 1.9%. View Analyst Price Targets for OMNOVA Solutions.

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for OMNOVA Solutions in the last year. There are currently 2 hold ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for OMNOVA Solutions.

News articles about OMN stock have trended very negative this week, according to InfoTrie Sentiment. InfoTrie ranks the sentiment of press coverage by monitoring more than six thousand blog and news sources in real time. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. OMNOVA Solutions earned a news impact score of -3.8 on InfoTrie's scale. They also assigned media headlines about the specialty chemicals company a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an impact on the stock's share price in the near term. View News Stories for OMNOVA Solutions.

OMNOVA Solutions saw a increase in short interest during the month of January. As of January 31st, there was short interest totalling 229,100 shares, an increase of 10.2% from the January 15th total of 207,900 shares. Based on an average daily volume of 221,100 shares, the short-interest ratio is currently 1.0 days. Currently, 0.5% of the company's shares are short sold. View OMNOVA Solutions' Current Options Chain.

Some companies that are related to OMNOVA Solutions include Ecolab (ECL), Sherwin-Williams (SHW), International Flavors & Fragrances (IFF), Celanese (CE), Albemarle (ALB), RPM International (RPM), Ashland Global (ASH), NewMarket (NEU), W. R. Grace & Co (GRA), Balchem (BCPC), Quaker Chemical (KWR), PolyOne (POL), Innospec (IOSP), HB Fuller (FUL) and Sensient Technologies (SXT).

Based on aggregate information from My MarketBeat watchlists, some companies that other OMNOVA Solutions investors own include Callon Petroleum (CPE), Range Resources (RRC), Timkensteel (TMST), Coeur Mining (CDE), Advanced Micro Devices (AMD), Century Aluminum (CENX), Pattern Energy Group (PEGI), Zynga (ZNGA), McDermott International (MDR) and Alpha and Omega Semiconductor (AOSL).

OMNOVA Solutions' stock is owned by a variety of of institutional and retail investors. Top institutional investors include ARP Americas LP (6.42%), Gabelli Funds LLC (5.73%), Renaissance Technologies LLC (4.07%), Magnetar Financial LLC (2.96%), Barington Capital Group L.P. (1.71%) and Geode Capital Management LLC (1.32%). Company insiders that own OMNOVA Solutions stock include Charles M Chrisman and Frank P Esposito, Jr. View Institutional Ownership Trends for OMNOVA Solutions.

OMN stock was sold by a variety of institutional investors in the last quarter, including Barington Capital Group L.P., Barclays PLC, Magnetar Financial LLC, Exane Asset Management, IndexIQ Advisors LLC, Winslow Asset Management Inc., Wedge Capital Management L L P NC and Gabelli Funds LLC. View Insider Buying and Selling for OMNOVA Solutions.

OMN stock was purchased by a variety of institutional investors in the last quarter, including ARP Americas LP, Goldman Sachs Group Inc., Renaissance Technologies LLC, Skandinaviska Enskilda Banken AB publ , Glazer Capital LLC, Candriam Luxembourg S.C.A., Beryl Capital Management LLC and Guggenheim Capital LLC. View Insider Buying and Selling for OMNOVA Solutions.

Shares of OMN can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity and Charles Schwab.

One share of OMN stock can currently be purchased for approximately $10.15.

OMNOVA Solutions has a market capitalization of $455.23 million and generates $736.20 million in revenue each year. The specialty chemicals company earns $-22,400,000.00 in net income (profit) each year or $0.63 on an earnings per share basis. OMNOVA Solutions employs 1,850 workers across the globe.View Additional Information About OMNOVA Solutions.

The official website for OMNOVA Solutions is http://www.omnova.com/.

OMNOVA Solutions' mailing address is 25435 HARVARD RD, BEACHWOOD OH, 44122. The specialty chemicals company can be reached via phone at 216-682-7000 or via email at [email protected]