Media headlines about OMNOVA Solutions (NYSE:OMN) have been trending positive on Friday, AlphaOne reports. AlphaOne, a subsidiary of Accern, ranks the sentiment of press coverage by analyzing more than twenty million news and blog sources. AlphaOne ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. OMNOVA Solutions earned a news impact score of 0.47 on AlphaOne’s scale. AlphaOne also assigned news stories about the specialty chemicals company an impact score of 81 out of 100, meaning that recent press coverage is very likely to have an effect on the stock’s share price in the near term.
Separately, Zacks Investment Research downgraded shares of OMNOVA Solutions from a “hold” rating to a “sell” rating in a report on Saturday, February 4th.
OMNOVA Solutions (NYSE:OMN) remained flat at $8.75 on Friday. The company had a trading volume of 109,734 shares. The company’s 50-day moving average price is $9.24 and its 200-day moving average price is $9.19. The firm has a market capitalization of $393.17 million, a PE ratio of 89.29 and a beta of 2.09. OMNOVA Solutions has a one year low of $5.90 and a one year high of $10.42.
OMNOVA Solutions (NYSE:OMN) last announced its earnings results on Wednesday, March 29th. The specialty chemicals company reported $0.05 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.05. OMNOVA Solutions had a negative net margin of 0.07% and a positive return on equity of 18.44%. The business had revenue of $174.60 million during the quarter, compared to analysts’ expectations of $169.70 million. During the same period in the prior year, the company earned $0.04 earnings per share. The firm’s revenue was down .4% on a year-over-year basis. On average, analysts forecast that OMNOVA Solutions will post $0.58 earnings per share for the current fiscal year.
In other OMNOVA Solutions news, Director Janet Plaut Giesselman sold 6,000 shares of the company’s stock in a transaction that occurred on Thursday, April 20th. The shares were sold at an average price of $9.10, for a total transaction of $54,600.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP James C. Lemay sold 34,239 shares of the company’s stock in a transaction that occurred on Wednesday, April 5th. The shares were sold at an average price of $9.35, for a total transaction of $320,134.65. Following the sale, the senior vice president now directly owns 126,833 shares of the company’s stock, valued at $1,185,888.55. The disclosure for this sale can be found here. 4.82% of the stock is currently owned by corporate insiders.
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OMNOVA Solutions Company Profile
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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