Somewhat Critical Media Coverage Very Likely to Affect OMNOVA Solutions (OMN) Share Price
News coverage about OMNOVA Solutions (NYSE:OMN) has been trending somewhat negative this week, AlphaOne Sentiment reports. The research group, a subsidiary of Accern, scores the sentiment of news coverage by monitoring more than 20 million blog and news sources in real time. AlphaOne ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. OMNOVA Solutions earned a daily sentiment score of -0.10 on AlphaOne’s scale. AlphaOne also assigned press coverage about the specialty chemicals company an impact score of 90 out of 100, indicating that recent news coverage is very likely to have an effect on the stock’s share price in the near future.
OMNOVA Solutions (NYSE:OMN) traded down 1.68% during midday trading on Thursday, hitting $8.80. 102,837 shares of the stock traded hands. The stock has a market cap of $395.42 million, a price-to-earnings ratio of 89.80 and a beta of 2.09. OMNOVA Solutions has a one year low of $5.90 and a one year high of $10.42. The company has a 50-day moving average price of $9.28 and a 200 day moving average price of $9.12.
OMNOVA Solutions (NYSE:OMN) last posted 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. The firm had revenue of $174.60 million for the quarter, compared to the consensus estimate of $169.70 million. OMNOVA Solutions had a negative net margin of 0.07% and a positive return on equity of 18.44%. The company’s revenue was down .4% on a year-over-year basis. During the same period last year, the firm posted $0.04 EPS. Equities research analysts anticipate that OMNOVA Solutions will post $0.58 earnings per share for the current year.
Separately, Zacks Investment Research downgraded shares of OMNOVA Solutions from a “hold” rating to a “sell” rating in a research note on Saturday, February 4th.
In related news, SVP James C. Lemay sold 34,239 shares of the stock in a transaction on Wednesday, April 5th. The shares were sold at an average price of $9.35, for a total value of $320,134.65. Following the transaction, the senior vice president now directly owns 126,833 shares of the company’s stock, valued at approximately $1,185,888.55. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Janet Plaut Giesselman sold 6,000 shares of the stock in a transaction on Thursday, April 20th. The shares were sold at an average price of $9.10, for a total transaction of $54,600.00. The disclosure for this sale can be found here. Company insiders own 4.82% of the company’s stock.
About OMNOVA Solutions
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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