OMNOVA Solutions (OMN) Lifted to “C+” at TheStreet

OMNOVA Solutions (NYSE:OMN) was upgraded by TheStreet from a “d+” rating to a “c+” rating in a research report issued to clients and investors on Thursday.

A number of other equities research analysts have also issued reports on the company. Zacks Investment Research lowered OMNOVA Solutions from a “hold” rating to a “sell” rating in a research note on Saturday. ValuEngine lowered OMNOVA Solutions from a “sell” rating to a “strong sell” rating in a research note on Monday, December 17th.

Shares of NYSE:OMN opened at $7.80 on Thursday. The company has a market cap of $349.83 million, a PE ratio of 12.38, a PEG ratio of 1.22 and a beta of 2.20. The company has a debt-to-equity ratio of 5.53, a quick ratio of 1.30 and a current ratio of 1.89. OMNOVA Solutions has a 12 month low of $6.28 and a 12 month high of $11.90.

OMNOVA Solutions (NYSE:OMN) last announced its quarterly earnings results on Thursday, January 31st. The specialty chemicals company reported $0.17 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.19 by ($0.02). The firm had revenue of $191.30 million for the quarter, compared to analysts’ expectations of $191.98 million. OMNOVA Solutions had a return on equity of 57.06% and a net margin of 2.69%. OMNOVA Solutions’s revenue was up 2.7% compared to the same quarter last year. During the same period last year, the firm earned $0.10 EPS. Analysts expect that OMNOVA Solutions will post 0.66 EPS for the current fiscal year.

A number of hedge funds have recently bought and sold shares of the stock. TIAA CREF Investment Management LLC lifted its stake in OMNOVA Solutions by 1.9% in the 3rd quarter. TIAA CREF Investment Management LLC now owns 144,327 shares of the specialty chemicals company’s stock valued at $1,422,000 after buying an additional 2,624 shares in the last quarter. California Public Employees Retirement System lifted its stake in OMNOVA Solutions by 2.2% in the 4th quarter. California Public Employees Retirement System now owns 141,862 shares of the specialty chemicals company’s stock valued at $1,040,000 after buying an additional 3,088 shares in the last quarter. Quantamental Technologies LLC purchased a new stake in OMNOVA Solutions in the 4th quarter valued at approximately $34,000. Vanguard Group Inc. lifted its stake in OMNOVA Solutions by 0.3% in the 3rd quarter. Vanguard Group Inc. now owns 2,096,657 shares of the specialty chemicals company’s stock valued at $20,653,000 after buying an additional 6,521 shares in the last quarter. Finally, Vanguard Group Inc lifted its stake in OMNOVA Solutions by 0.3% in the 3rd quarter. Vanguard Group Inc now owns 2,096,657 shares of the specialty chemicals company’s stock valued at $20,653,000 after buying an additional 6,521 shares in the last quarter. 91.07% of the stock is currently owned by hedge funds and other institutional investors.

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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