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 announced that its board has initiated a stock buyback program on Wednesday, September 26th 2018, which permits the company to buyback $20,000,000.00 in shares, according to EventVestor. This buyback authorization permits the company to purchase up to 4.3% of its stock through open market purchases. Stock buyback programs are typically an indication that the company's management believes its shares are undervalued.

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

OMNOVA Solutions is scheduled to release their next quarterly earnings announcement on Wednesday, March 25th 2020. View Earnings Estimates for OMNOVA Solutions.

2 brokerages have issued 1 year price targets for OMNOVA Solutions' shares. Their forecasts range from $9.91 to $10.00. On average, they anticipate OMNOVA Solutions' share price to reach $9.96 in the next year. This suggests that the stock has a possible downside of 1.6%. 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.

Media stories about OMN stock have been trending somewhat positive on Wednesday, InfoTrie Sentiment Analysis reports. The research group ranks the sentiment of media coverage by analyzing more than six thousand news and blog sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores nearest to five being the most favorable. OMNOVA Solutions earned a news impact score of 2.0 on InfoTrie's scale. They also gave news coverage about the specialty chemicals company a news buzz of 10.0 out of 10, indicating that recent media coverage is extremely likely to have an impact on the company's share price in the next several days. View News Stories for OMNOVA Solutions.

OMNOVA Solutions saw a increase in short interest in 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 trading volume, of 221,100 shares, the short-interest ratio is presently 1.0 days. Currently, 0.5% of the shares of the stock are sold short. 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), Quaker Chemical (KWR), Balchem (BCPC), PolyOne (POL), Sensient Technologies (SXT), HB Fuller (FUL) and Innospec (IOSP).

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 Univar (UNVR).

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 $10.12.

OMNOVA Solutions has a market capitalization of $453.92 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]