Zacks: Brokerages Anticipate OMNOVA Solutions Inc. (OMN) to Post $0.06 EPS

Analysts expect OMNOVA Solutions Inc. (NYSE:OMN) to post $0.06 earnings per share (EPS) for the current quarter, Zacks reports. Zero analysts have issued estimates for OMNOVA Solutions’ earnings. The lowest EPS estimate is $0.06 and the highest is $0.07. OMNOVA Solutions posted earnings per share of $0.09 during the same quarter last year, which suggests a negative year over year growth rate of 33.3%. The business is expected to report its next earnings results on Wednesday, March 27th.

On average, analysts expect that OMNOVA Solutions will report full-year earnings of $0.66 per share for the current fiscal year, with EPS estimates ranging from $0.55 to $0.75. For the next fiscal year, analysts forecast that the company will report earnings of $0.84 per share, with EPS estimates ranging from $0.82 to $0.85. Zacks’ EPS calculations are a mean average based on a survey of sell-side analysts that that provide coverage for OMNOVA Solutions.

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OMNOVA Solutions (NYSE:OMN) last announced its earnings results on Thursday, January 31st. The specialty chemicals company reported $0.17 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.02). The company had revenue of $191.30 million for the quarter, compared to analyst estimates of $191.98 million. OMNOVA Solutions had a return on equity of 57.06% and a net margin of 2.69%. The firm’s revenue for the quarter was up 2.7% on a year-over-year basis. During the same period last year, the firm earned $0.10 earnings per share.

A number of equities research analysts have recently issued reports on the company. ValuEngine raised OMNOVA Solutions from a “strong sell” rating to a “sell” rating in a research report on Tuesday, November 6th. Zacks Investment Research lowered OMNOVA Solutions from a “hold” rating to a “sell” rating in a research report on Thursday, February 28th. Finally, TheStreet lowered OMNOVA Solutions from a “c-” rating to a “d+” rating in a research report on Thursday, December 27th.

Several institutional investors have recently made changes to their positions in OMN. Algert Global LLC grew its holdings in shares of OMNOVA Solutions by 102.5% during the third quarter. Algert Global LLC now owns 108,532 shares of the specialty chemicals company’s stock valued at $1,069,000 after buying an additional 54,949 shares in the last quarter. MetLife Investment Advisors LLC grew its holdings in shares of OMNOVA Solutions by 54.4% during the third quarter. MetLife Investment Advisors LLC now owns 33,203 shares of the specialty chemicals company’s stock valued at $327,000 after buying an additional 11,703 shares in the last quarter. Marshall Wace LLP purchased a new position in shares of OMNOVA Solutions during the third quarter valued at $1,038,000. AQR Capital Management LLC grew its holdings in shares of OMNOVA Solutions by 3.2% during the third quarter. AQR Capital Management LLC now owns 257,404 shares of the specialty chemicals company’s stock valued at $2,535,000 after buying an additional 7,885 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its holdings in shares of OMNOVA Solutions by 0.6% during the third quarter. Bank of New York Mellon Corp now owns 4,741,000 shares of the specialty chemicals company’s stock valued at $46,699,000 after buying an additional 27,315 shares in the last quarter. 90.50% of the stock is currently owned by institutional investors.

Shares of OMNOVA Solutions stock traded up $0.06 on Tuesday, reaching $8.46. 107,700 shares of the company were exchanged, compared to its average volume of 165,926. The firm has a market capitalization of $376.74 million, a PE ratio of 13.43, a price-to-earnings-growth ratio of 1.27 and a beta of 2.20. The company has a quick ratio of 1.30, a current ratio of 1.89 and a debt-to-equity ratio of 5.53. OMNOVA Solutions has a fifty-two week low of $6.28 and a fifty-two week high of $11.90.

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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Earnings History and Estimates for OMNOVA Solutions (NYSE:OMN)

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