Omnova Solutions Inc. (OMN) Trading 1.1% Higher
Omnova Solutions Inc. (NYSE:OMN) traded up 1.1% on Tuesday . The stock traded as high as $7.72 and last traded at $7.60, with a volume of 177,017 shares trading hands. The stock had previously closed at $7.52.
Several equities research analysts recently weighed in on the company. Jefferies Group restated a “buy” rating on shares of Omnova Solutions in a research report on Thursday, June 30th. Zacks Investment Research upgraded Omnova Solutions from a “hold” rating to a “buy” rating and set a $8.00 price target on the stock in a research report on Friday, July 1st.
The company’s market capitalization is $346.62 million. The stock’s 50-day moving average price is $6.87 and its 200 day moving average price is $6.09.
Omnova Solutions (NYSE:OMN) last issued its quarterly earnings results on Wednesday, June 29th. The company reported $0.18 earnings per share for the quarter, topping the consensus estimate of $0.14 by $0.04. The business earned $202 million during the quarter, compared to analysts’ expectations of $205.40 million. During the same quarter in the previous year, the company posted $0.11 earnings per share. The company’s quarterly revenue was down 8.3% compared to the same quarter last year. On average, equities analysts forecast that Omnova Solutions Inc. will post $0.53 EPS for the current fiscal year.
Several hedge funds have bought and sold shares of OMN. Russell Frank Co boosted its stake in Omnova Solutions by 10.6% in the fourth quarter. Russell Frank Co now owns 250,132 shares of the company’s stock worth $1,549,000 after buying an additional 23,992 shares during the last quarter. LSV Asset Management boosted its stake in Omnova Solutions by 6.0% in the fourth quarter. LSV Asset Management now owns 356,800 shares of the company’s stock worth $2,187,000 after buying an additional 20,115 shares during the last quarter. Winslow Asset Management Inc. boosted its stake in Omnova Solutions by 0.9% in the fourth quarter. Winslow Asset Management Inc. now owns 1,294,608 shares of the company’s stock worth $7,936,000 after buying an additional 11,310 shares during the last quarter. Finally, GSA Capital Partners LLP boosted its stake in Omnova Solutions by 13.3% in the fourth quarter. GSA Capital Partners LLP now owns 199,132 shares of the company’s stock worth $1,221,000 after buying an additional 23,426 shares during the last quarter.
OMNOVA Solutions Inc (OMNOVA) is a provider of emulsion polymers, specialty chemicals and engineered surfaces for commercial, industrial and residential end uses. The Company operates in two segments: Performance Chemicals and Engineered Surfaces. The Performance Chemicals segment produces a range of emulsion polymers and specialty chemicals based on styrene butadiene (SB), styrene butadiene acrylonitrile (SBA), styrene butadiene vinyl pyridine, nitrile butadiene (NBR), polyvinyl acetate, acrylic, styrene acrylic, vinyl acrylic, glyoxal, fluorochemicals and bio-based chemistries.