Omnova Solutions (OMN) Announces Quarterly Earnings Results, Misses Expectations By $-0.01 EPS

Omnova Solutions (OMN) announced its quarterly earnings results on Tuesday, Jan-19-2016. The company reported $0.13 Earnings Per Share for the quarter, missing the analyst consensus estimate by $-0.01. Analyst had a consensus of $0.14 EPS. The company had revenue of $200.00 million for the quarter, compared to analysts expectations of $208.53 million.The company’s revenue was down -17.7% compared to the same quarter last year. During the same quarter in the previous year, Omnova Solutions posted $0.10 EPS.

OMNOVA Solutions Inc. is up 7.36% in the last 3-month period. Year-to-Date the stock performance stands at -24.69%.

Shares of OMNOVA Solutions Inc. (NYSE:OMN) appreciated by 1.66% during the past week but lost 15.1% on a 4-week basis. The shares have outperformed the S&P 500 by 2.51% in the past week but underperformed the index by 13.11% in the last 4 weeks.

Shares of OMNOVA Solutions Inc. (NYSE:OMN) ended Thursday session in red amid volatile trading. The shares closed down 0.06 points or 0.97% at $6.13 with 117,359 shares getting traded. Post opening the session at $6.14, the shares hit an intraday low of $6.1 and an intraday high of $6.28 and the price vacillated in this range throughout the day. The company has a market cap of $281 million and the number of outstanding shares have been calculated to be 45,819,989 shares. The 52-week high of OMNOVA Solutions Inc. (NYSE:OMN) is $8.62 and the 52-week low is $5.

Currently the company Insiders own 4.5% of OMNOVA Solutions Inc. shares according to the proxy statements. Institutional Investors own 84.88% of OMNOVA Solutions Inc. shares. During last six month period, the net percent change held by insiders has seen a change of 26.96%. On a different note, The Company has disclosed insider buying and selling activities to the Securities Exchange, Seelbach William R, director of Omnova Solutions Inc had purchased 20,000 shares on September 30, 2015 in a transaction. The price per share was $5.47 and the total amount of the disclosed transaction was $109,400.The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing. This information is based on open market transaction at the market prices.

OMNOVA Solutions Inc. (OMNOVA) is a provider of emulsion polymers, specialty chemicals and decorative and functional surfaces for a variety of commercial, industrial and residential end uses. It operates in two business segments: Performance Chemicals and Engineered Surfaces. The Company utilizes 23 strategically located manufacturing, technical and other facilities in North America, Europe and Asia to service its broad customer base. The Company initially focused on the manufacture of styrene butadiene latex for the paper industry and styrene butadiene vinyl pyridine latex for tire cord adhesives in a single facility in Mogadore, Ohio. It holds key positions in market categories, which have been built through products, customized product solutions, well-established distribution channels, recognized brands and long-standing customer relationships. The Companys products provide a variety of important functional and aesthetic benefits to hundreds of products that people use daily.