$0.19 EPS Expected for OMNOVA Solutions Inc. (OMN)

September 27, 2017 - By Marie Mckinney

 $0.19 EPS Expected for OMNOVA Solutions Inc. (OMN)
Investors sentiment increased to 1.23 in Q2 2017. Its up 0.27, from 0.96 in 2017Q1. It is positive, as 8 investors sold OMNOVA Solutions Inc. shares while 36 reduced holdings. 19 funds opened positions while 35 raised stakes. 38.17 million shares or 1.04% more from 37.78 million shares in 2017Q1 were reported.
Swiss Natl Bank has invested 0% in OMNOVA Solutions Inc. (NYSE:OMN). 4.82 million are held by Royal Commercial Bank Of Canada. Manufacturers Life Com The has 0% invested in OMNOVA Solutions Inc. (NYSE:OMN) for 36,089 shares. Robotti Robert reported 2.98% stake. 37,418 were accumulated by Price T Rowe Associate Md. 27,930 are owned by Alliancebernstein L P. Moreover, Meeder Asset Mngmt has 0% invested in OMNOVA Solutions Inc. (NYSE:OMN). Gamco Incorporated Et Al invested 0.07% in OMNOVA Solutions Inc. (NYSE:OMN). The Florida-based State Board Of Administration Of Florida Retirement System has invested 0% in OMNOVA Solutions Inc. (NYSE:OMN). Perritt Mngmt invested 1.22% of its portfolio in OMNOVA Solutions Inc. (NYSE:OMN). 276 were accumulated by Federated Investors Pa. Missouri-based Amer Century Cos has invested 0% in OMNOVA Solutions Inc. (NYSE:OMN). Teachers Retirement System Of The State Of Kentucky owns 93,903 shares for 0.01% of their portfolio. Art Advsrs Limited Company, New York-based fund reported 18,500 shares. Prtn Ltd Limited Liability Company stated it has 23,700 shares.

Since April 5, 2017, it had 0 insider buys, and 1 insider sale for $320,065 activity. 34,239 shares were sold by LEMAY JAMES C, worth $320,065 on Wednesday, April 5.

Wall Street await OMNOVA Solutions Inc. (NYSE:OMN) to release earnings on September, 28 before the open. Analysts forecast EPS of $0.19, up exactly $0.05 or 35.71 % from 2014’s $0.14 EPS. The expected OMN’s profit could reach $8.53 million giving the stock 11.91 P/E in the case that $0.19 earnings per share is reported. After posting $0.16 EPS for the previous quarter, OMNOVA Solutions Inc.’s analysts now forecast 18.75 % EPS growth. It closed at $9.05 lastly. It is down 33.59% since September 27, 2016 and is uptrending. It has outperformed by 16.89% the S&P500.

OMNOVA Solutions Inc. (NYSE:OMN) Ratings Coverage

Among 3 analysts covering Omnova Solutions (NYSE:OMN), 2 have Buy rating, 0 Sell and 1 Hold. Therefore 67% are positive. Omnova Solutions had 5 analyst reports since September 28, 2015 according to SRatingsIntel. The firm has “Hold” rating given on Thursday, August 24 by KeyBanc Capital Markets. The rating was maintained by Jefferies on Tuesday, July 18 with “Buy”. The rating was maintained by Jefferies on Monday, August 28 with “Buy”. The firm earned “Buy” rating on Friday, June 16 by Jefferies. The firm earned “Buy” rating on Monday, September 28 by Deutsche Bank.

OMNOVA Solutions Inc. is a provider of emulsion polymers, specialty chemicals and engineered surfaces for commercial, industrial and residential end uses. The company has market cap of $406.45 million. The Company’s divisions include Performance Chemicals and Engineered Surfaces. It currently has negative earnings. 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 chemistries.

More notable recent OMNOVA Solutions Inc. (NYSE:OMN) news were published by: Seekingalpha.com which released: “OMNOVA Solutions’ (OMN) CEO Anne Noonan on Q4 2016 Results – Earnings Call …” on February 01, 2017, also Prnewswire.com with their article: “OMNOVA Solutions Continues Year-Over-Year Earnings Growth in 2017 First Quarter” published on March 29, 2017, Prnewswire.com published: “OMNOVA Solutions Announces Planned Changes in Business Segments During Fiscal 2017” on January 26, 2017. More interesting news about OMNOVA Solutions Inc. (NYSE:OMN) were released by: Seekingalpha.com and their article: “OMNOVA Solutions’ (OMN) CEO Anne Noonan on Q2 2017 Results – Earnings Call …” published on June 28, 2017 as well as Seekingalpha.com‘s news article titled: “OMNOVA Solutions: Is The Bull Case Set To Play Out?” with publication date: July 28, 2017.

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