Omnova Solutions Inc. (OMN) Reaches New 12-Month High at $10.05
Omnova Solutions Inc. (NYSE:OMN)’s share price reached a new 52-week high during trading on Monday . The company traded as high as $10.05 and last traded at $9.98, with a volume of 171,044 shares. The stock had previously closed at $9.60.
A number of equities analysts recently commented on the stock. TheStreet raised shares of Omnova Solutions from a “sell” rating to a “hold” rating in a research report on Friday, July 22nd. Jefferies Group reaffirmed a “buy” rating on shares of Omnova Solutions in a research report on Wednesday, July 6th. Finally, Zacks Investment Research raised shares of 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 stock’s market cap is $450.15 million. The company’s 50-day moving average is $9.38 and its 200-day moving average is $7.11.
Omnova Solutions (NYSE:OMN) last posted its quarterly earnings data on Wednesday, June 29th. The company reported $0.18 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.14 by $0.04. The firm had revenue of $202 million for the quarter, compared to analysts’ expectations of $205.40 million. During the same period in the prior year, the firm earned $0.11 earnings per share. Omnova Solutions’s revenue was down 8.3% compared to the same quarter last year. On average, equities research analysts predict that Omnova Solutions Inc. will post $0.57 earnings per share for the current year.
In other Omnova Solutions news, SVP Douglas E. Wenger sold 8,671 shares of Omnova Solutions stock in a transaction on Thursday, July 14th. The shares were sold at an average price of $9.73, for a total transaction of $84,368.83. Following the transaction, the senior vice president now directly owns 168,408 shares of the company’s stock, valued at approximately $1,638,609.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.
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. OMNOVA Performance Chemicals segment produces a range of emulsion polymers and specialty chemicals based primarily on styrene butadiene (SB), styrene butadiene acrylonitrile (SBA), styrene butadiene vinyl pyridine, nitrile butadiene (NBR), polyvinyl acetate, acrylic, styrene acrylic, vinyl acrylic, glyoxal, fluorochemical and bio-based chemistries.
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