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 of Directors has authorized a stock repurchase program on Wednesday, September 26th 2018, which permits the company to repurchase $20,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization permits the company to purchase 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 earnings results on Wednesday, September, 26th. The specialty chemicals company reported $0.18 earnings per share for the quarter, missing the consensus estimate of $0.22 by $0.04. The specialty chemicals company earned $193.60 million during the quarter, compared to the consensus estimate of $198.48 million. OMNOVA Solutions had a net margin of 1.08% and a return on equity of 18.20%. OMNOVA Solutions's revenue for the quarter was down 3.6% on a year-over-year basis. During the same period in the previous year, the business posted $0.25 earnings per share. 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 equities research analysts have issued 1-year target prices for OMNOVA Solutions' shares. Their forecasts range from $9.91 to $10.00. On average, they expect OMNOVA Solutions' stock price to reach $9.96 in the next year. 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 trended very positive this week, InfoTrie Sentiment Analysis reports. The research firm scores the sentiment of news 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 five, with scores nearest to five being the most favorable. OMNOVA Solutions earned a news impact score of 3.7 on InfoTrie's scale. They also assigned news headlines about the specialty chemicals company a news buzz of 10.0 out of 10, indicating that recent news coverage is extremely likely to have an impact on the stock's share price in the near term. 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 trading volume of 234,100 shares, the days-to-cover ratio is currently 0.9 days. Approximately 0.5% of the company's stock 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), RPM International (RPM), Albemarle (ALB), NewMarket (NEU), W. R. Grace & Co (GRA), Ashland Global (ASH), Balchem (BCPC), Quaker Chemical (KWR), PolyOne (POL), Sensient Technologies (SXT), 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 many different 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]