OMNOVA Solutions (NYSE:OMN) Earns Daily Media Sentiment Score of 0.38
Headlines about OMNOVA Solutions (NYSE:OMN) have been trending positive on Wednesday, Accern Sentiment reports. Accern identifies positive and negative media coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. OMNOVA Solutions earned a coverage optimism score of 0.38 on Accern’s scale. Accern also assigned news articles about the specialty chemicals company an impact score of 97 out of 100, indicating that recent media coverage is extremely likely to have an effect on the company’s share price in the near term.
A number of equities research analysts have recently commented on OMN shares. ValuEngine upgraded shares of OMNOVA Solutions from a “hold” rating to a “buy” rating in a report on Saturday, June 10th. Zacks Investment Research upgraded shares of OMNOVA Solutions from a “hold” rating to a “buy” rating and set a $11.00 target price for the company in a report on Friday, July 7th. Jefferies Group LLC reiterated a “buy” rating and set a $12.00 price objective on shares of OMNOVA Solutions in a research note on Friday, June 16th. Finally, Sidoti assumed coverage on shares of OMNOVA Solutions in a research note on Tuesday, June 13th. They set a “buy” rating and a $12.00 price objective for the company. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $11.67.
OMNOVA Solutions (NYSE:OMN) opened at 10.00 on Wednesday. OMNOVA Solutions has a 52-week low of $7.05 and a 52-week high of $10.42. The stock’s 50 day moving average is $8.85 and its 200-day moving average is $9.20. The firm’s market capitalization is $449.11 million.
OMNOVA Solutions (NYSE:OMN) last announced its quarterly earnings results on Wednesday, June 28th. The specialty chemicals company reported $0.16 EPS for the quarter, meeting the consensus estimate of $0.16. OMNOVA Solutions had a positive return on equity of 19.65% and a negative net margin of 1.19%. The company had revenue of $221.30 million for the quarter, compared to the consensus estimate of $204.40 million. During the same quarter last year, the company posted $0.18 earnings per share. The company’s revenue for the quarter was up 9.6% compared to the same quarter last year. Equities analysts expect that OMNOVA Solutions will post $0.59 earnings per share for the current year.
In other news, Director Janet Plaut Giesselman sold 6,000 shares of the stock in a transaction that occurred on Thursday, April 20th. The stock was sold at an average price of $9.10, for a total value of $54,600.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 4.82% of the stock is currently owned by corporate insiders.
About OMNOVA Solutions
OMNOVA Solutions Inc is a provider of emulsion polymers, specialty chemicals and engineered surfaces for commercial, industrial and residential end uses. The Company’s segments include Performance Chemicals and Engineered Surfaces. The Performance Chemicals segment produces a range of emulsion polymers and specialty chemicals based on styrene butadiene, styrene butadiene acrylonitrile, styrene butadiene vinyl pyridine, nitrile butadiene, polyvinyl acetate, acrylic, styrene acrylic, vinyl acrylic, glyoxal, fluorochemical and bio-based chemistries.
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