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 approved a stock repurchase plan on Wednesday, September 26th 2018, which allows the company to buyback $20,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization allows the company to purchase up to 4.3% of its shares through open market purchases. Shares buyback plans are usually a sign that the company's board of directors believes its stock is undervalued.

OMNOVA Solutions Inc. (NYSE:OMN) announced its earnings results on Wednesday, September, 26th. The specialty chemicals company reported $0.18 earnings per share for the quarter, missing analysts' consensus estimates 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 net margin of 1.08% and a return on equity of 18.20%. The company's quarterly revenue was down 3.6% on a year-over-year basis. During the same period in the previous year, the company earned $0.25 EPS. View OMNOVA Solutions' Earnings History.

OMNOVA Solutions is scheduled to release their next quarterly earnings announcement on Thursday, January 30th 2020. View Earnings Estimates for OMNOVA Solutions.

2 brokers have issued 1 year target prices for OMNOVA Solutions' stock. 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 1.5%. 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 headlines about OMN stock have been trending extremely negative this week, according to InfoTrie Sentiment. InfoTrie scores the sentiment of press coverage by analyzing more than six thousand blog and news sources. The firm ranks coverage of companies on a scale of -5 to 5, with scores nearest to five being the most favorable. OMNOVA Solutions earned a news impact score of -4.5 on InfoTrie's scale. They also gave news stories about the specialty chemicals company a news buzz of 10.0 out of 10, meaning that recent press coverage is extremely likely to have an effect on the stock's share price in the immediate future. View News Stories for OMNOVA Solutions.

OMNOVA Solutions saw a drop in short interest in the month of December. As of December 31st, there was short interest totalling 207,900 shares, a drop of 11.2% from the December 15th total of 234,200 shares. Based on an average daily volume of 234,100 shares, the days-to-cover ratio is currently 0.9 days. Approximately 0.5% of the shares of the company 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), RPM International (RPM), Albemarle (ALB), NewMarket (NEU), W. R. Grace & Co (GRA), Ashland Global (ASH), Balchem (BCPC), Quaker Chemical (KWR), Sensient Technologies (SXT), PolyOne (POL), Innospec (IOSP) and HB Fuller (FUL).

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), Century Aluminum (CENX), Pattern Energy Group (PEGI), Zynga (ZNGA), McDermott International (MDR), Advanced Micro Devices (AMD) and Alpha and Omega Semiconductor (AOSL).

OMNOVA Solutions' stock is owned by a variety of of retail and institutional investors. Top institutional shareholders include Wedge Capital Management L L P NC (0.19%) and Zurcher Kantonalbank Zurich Cantonalbank (0.01%). 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 Wedge Capital Management L L P NC and Zurcher Kantonalbank Zurich Cantonalbank . 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 $10.11.

OMNOVA Solutions has a market capitalization of $453.43 million and generates $769.80 million in revenue each year. The specialty chemicals company earns $20.70 million in net income (profit) each year or $0.63 on an earnings per share basis. OMNOVA Solutions employs 1,900 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]