Media coverage about OMNOVA Solutions (NYSE:OMN) has been trending somewhat positive recently, Accern Sentiment Analysis reports. The research firm identifies negative and positive press coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. OMNOVA Solutions earned a coverage optimism score of 0.21 on Accern’s scale. Accern also assigned news articles about the specialty chemicals company an impact score of 48.2321413542249 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
Here are some of the media stories that may have effected Accern’s analysis:
A number of equities analysts recently issued reports on OMN shares. ValuEngine raised shares of OMNOVA Solutions from a “hold” rating to a “buy” rating in a research report on Wednesday, February 7th. Zacks Investment Research raised shares of OMNOVA Solutions from a “sell” rating to a “hold” rating in a research report on Wednesday, February 14th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the company. OMNOVA Solutions currently has an average rating of “Hold” and an average price target of $11.67.
OMNOVA Solutions stock traded up $0.10 on Tuesday, hitting $11.55. The company’s stock had a trading volume of 41,195 shares, compared to its average volume of 148,779. The firm has a market capitalization of $497.39, a PE ratio of 20.63, a price-to-earnings-growth ratio of 1.66 and a beta of 2.07. The company has a debt-to-equity ratio of 6.66, a current ratio of 2.03 and a quick ratio of 1.31. OMNOVA Solutions has a one year low of $8.10 and a one year high of $11.70.
OMNOVA Solutions (NYSE:OMN) last announced its quarterly earnings results on Wednesday, March 28th. The specialty chemicals company reported $0.09 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.07 by $0.02. The firm had revenue of $178.70 million for the quarter, compared to analyst estimates of $174.65 million. OMNOVA Solutions had a negative net margin of 10.67% and a positive return on equity of 32.70%. The business’s revenue for the quarter was up 2.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.05 EPS. analysts predict that OMNOVA Solutions will post 0.67 earnings per share for the current fiscal year.
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OMNOVA Solutions Company Profile
OMNOVA Solutions Inc provides emulsion polymers, specialty chemicals, and engineered surfaces for various commercial, industrial, and residential end uses in the United States, Europe, and Asia. The company operates in two segments, Specialty Solutions and Performance Materials. The Specialty Solutions segment designs, develops, produces, and markets specialty polymers which are used 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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