OMNOVA Solutions Inc. (NYSE:OMN) – Research analysts at KeyCorp upped their FY2018 earnings per share (EPS) estimates for OMNOVA Solutions in a note issued to investors on Monday. KeyCorp analyst M. Sison now expects that the specialty chemicals company will earn $0.70 per share for the year, up from their prior estimate of $0.65. KeyCorp currently has a “Hold” rating on the stock.

OMNOVA Solutions (NYSE:OMN) last released its quarterly earnings data on Thursday, September 28th. The specialty chemicals company reported $0.25 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.18 by $0.07. OMNOVA Solutions had a negative net margin of 0.78% and a positive return on equity of 22.71%. The firm had revenue of $200.90 million for the quarter, compared to the consensus estimate of $203.12 million. During the same period last year, the firm earned $0.14 earnings per share. The company’s quarterly revenue was up 2.7% on a year-over-year basis.

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Other equities research analysts also recently issued reports about the stock. ValuEngine raised shares of OMNOVA Solutions from a “hold” rating to a “buy” rating in a research note on Thursday, September 28th. Zacks Investment Research raised shares of OMNOVA Solutions from a “hold” rating to a “buy” rating and set a $11.00 target price on the stock in a research note on Friday, July 7th. Jefferies Group LLC reaffirmed a “buy” rating and set a $12.00 target price on shares of OMNOVA Solutions in a research note on Friday, June 16th. Sidoti initiated coverage on shares of OMNOVA Solutions in a research note on Tuesday, June 13th. They set a “buy” rating and a $12.00 target price on the stock. Finally, BidaskClub raised shares of OMNOVA Solutions from a “sell” rating to a “hold” rating in a research note on Wednesday, August 16th. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the company’s stock. OMNOVA Solutions has a consensus rating of “Hold” and an average price target of $11.67.

OMNOVA Solutions (NYSE:OMN) traded up 1.83% during trading on Wednesday, hitting $11.15. 39,959 shares of the stock were exchanged. The stock’s market cap is $500.27 million. OMNOVA Solutions has a 12 month low of $7.05 and a 12 month high of $11.50. The stock’s 50 day moving average price is $9.41 and its 200 day moving average price is $9.26.

Large investors have recently made changes to their positions in the business. Envestnet Asset Management Inc. increased its position in shares of OMNOVA Solutions by 4.9% in the 1st quarter. Envestnet Asset Management Inc. now owns 10,146 shares of the specialty chemicals company’s stock valued at $100,000 after purchasing an additional 472 shares during the last quarter. Acrospire Investment Management LLC increased its position in shares of OMNOVA Solutions by 2.2% in the 2nd quarter. Acrospire Investment Management LLC now owns 13,632 shares of the specialty chemicals company’s stock valued at $133,000 after purchasing an additional 288 shares during the last quarter. Karp Capital Management Corp purchased a new stake in shares of OMNOVA Solutions in the 1st quarter valued at approximately $158,000. Acadian Asset Management LLC purchased a new stake in shares of OMNOVA Solutions in the 2nd quarter valued at approximately $185,000. Finally, Campbell & CO Investment Adviser LLC purchased a new stake in shares of OMNOVA Solutions in the 2nd quarter valued at approximately $190,000. 88.01% of the stock is currently owned by institutional investors.

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.

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

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