Wall Street analysts forecast that OMNOVA Solutions Inc. (NYSE:OMN) will post earnings of $0.22 per share for the current quarter, according to Zacks Investment Research. Zero analysts have provided estimates for OMNOVA Solutions’ earnings. The lowest EPS estimate is $0.21 and the highest is $0.23. OMNOVA Solutions posted earnings of $0.20 per share during the same quarter last year, which would suggest a positive year-over-year growth rate of 10%. The business is expected to issue its next quarterly earnings report before the market opens on Tuesday, July 2nd.
According to Zacks, analysts expect that OMNOVA Solutions will report full-year earnings of $0.63 per share for the current year, with EPS estimates ranging from $0.60 to $0.65. For the next financial year, analysts expect that the business will report earnings of $0.75 per share, with EPS estimates ranging from $0.65 to $0.80. Zacks Investment Research’s earnings per share averages are an average based on a survey of research firms that cover OMNOVA Solutions.
OMNOVA Solutions (NYSE:OMN) last released its quarterly earnings results on Wednesday, March 27th. The specialty chemicals company reported ($0.06) EPS for the quarter, missing the Zacks’ consensus estimate of $0.06 by ($0.12). The business had revenue of $168.90 million for the quarter, compared to analyst estimates of $185.00 million. OMNOVA Solutions had a return on equity of 41.90% and a net margin of 1.16%. The company’s revenue for the quarter was down 5.5% compared to the same quarter last year. During the same period in the prior year, the business earned $0.09 EPS.
Shares of NYSE OMN traded down $0.06 during mid-day trading on Thursday, reaching $5.52. 10,718 shares of the company’s stock were exchanged, compared to its average volume of 149,621. The stock has a market capitalization of $251.58 million, a price-to-earnings ratio of 8.75, a price-to-earnings-growth ratio of 0.89 and a beta of 2.21. The company has a debt-to-equity ratio of 5.56, a current ratio of 1.86 and a quick ratio of 1.17. The firm’s fifty day moving average is $6.19. OMNOVA Solutions has a twelve month low of $5.49 and a twelve month high of $10.80.
Institutional investors have recently made changes to their positions in the stock. JPMorgan Chase & Co. lifted its position in OMNOVA Solutions by 19.8% during the third quarter. JPMorgan Chase & Co. now owns 463,391 shares of the specialty chemicals company’s stock valued at $4,565,000 after buying an additional 76,656 shares in the last quarter. Rhumbline Advisers lifted its position in OMNOVA Solutions by 48.8% during the fourth quarter. Rhumbline Advisers now owns 56,397 shares of the specialty chemicals company’s stock valued at $413,000 after buying an additional 18,484 shares in the last quarter. Prudential Financial Inc. lifted its position in OMNOVA Solutions by 40.6% during the fourth quarter. Prudential Financial Inc. now owns 35,623 shares of the specialty chemicals company’s stock valued at $261,000 after buying an additional 10,285 shares in the last quarter. First Trust Advisors LP lifted its position in OMNOVA Solutions by 18.7% during the fourth quarter. First Trust Advisors LP now owns 80,896 shares of the specialty chemicals company’s stock valued at $593,000 after buying an additional 12,741 shares in the last quarter. Finally, California Public Employees Retirement System lifted its position in OMNOVA Solutions by 2.2% during the fourth quarter. California Public Employees Retirement System now owns 141,862 shares of the specialty chemicals company’s stock valued at $1,040,000 after buying an additional 3,088 shares in the last quarter. 91.86% of the stock is currently owned by institutional investors and hedge funds.
OMNOVA Solutions Company Profile
OMNOVA Solutions Inc provides specialty solutions and performance materials for various commercial, industrial, and residential end uses in the United States, Europe, and Asia. Its Specialty Solutions segment designs, develops, produces, and markets specialty products for use in various applications, such as architectural and industrial coatings; nonwovens used in hygiene products, filtration, and construction; drilling additives for oil and gas drilling, cementing, and fracking; elastomeric modification of plastic casings and hoses used in household, industrial products, and automobiles; tapes and adhesives; sports surfaces; textile finishes; commercial building refurbishment; new construction; residential cabinets; flooring; ceiling tiles; furnishings; manufactured housing; health care patient; common area furniture; and various industrial films applications.
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