Omnova Solutions Inc. (OMN) Stock Price Up 2.9%
Shares of Omnova Solutions Inc. (NYSE:OMN) rose 2.9% during trading on Tuesday . The stock traded as high as $10.40 and last traded at $10.26, with a volume of 284,267 shares trading hands. The stock had previously closed at $9.97.
OMN has been the topic of several recent analyst reports. Zacks Investment Research downgraded Omnova Solutions from a “buy” rating to a “hold” rating in a research note on Tuesday, June 7th. TheStreet upgraded Omnova Solutions from a “sell” rating to a “hold” rating in a research note on Friday, July 22nd. Finally, Jefferies Group reiterated a “buy” rating on shares of Omnova Solutions in a research note on Thursday, June 30th.
The firm’s 50-day moving average is $9.48 and its 200-day moving average is $7.22. The stock’s market cap is $450.15 million.
Omnova Solutions (NYSE:OMN) last posted its quarterly earnings results on Wednesday, June 29th. The company reported $0.18 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.14 by $0.04. The company had revenue of $202 million for the quarter, compared to the consensus estimate of $205.40 million. The business’s revenue was down 8.3% on a year-over-year basis. During the same period in the prior year, the firm posted $0.11 EPS. Equities analysts predict that Omnova Solutions Inc. will post $0.57 earnings per share for the current fiscal year.
In other news, SVP Douglas E. Wenger sold 8,671 shares of Omnova Solutions stock in a transaction that occurred 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 completion of the sale, the senior vice president now owns 168,408 shares of the company’s stock, valued at $1,638,609.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible 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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