Omnicom Group (NYSE:OMC) will be releasing its earnings data before the market opens on Tuesday, April 17th. Analysts expect Omnicom Group to post earnings of $1.06 per share for the quarter.
Omnicom Group (NYSE:OMC) last posted its quarterly earnings data on Thursday, February 15th. The business services provider reported $1.55 earnings per share for the quarter, topping the consensus estimate of $1.54 by $0.01. Omnicom Group had a return on equity of 40.67% and a net margin of 7.12%. The business had revenue of $4.18 billion during the quarter, compared to analysts’ expectations of $4.21 billion. During the same quarter in the previous year, the firm earned $1.47 EPS. The firm’s revenue was down 1.5% compared to the same quarter last year. On average, analysts expect Omnicom Group to post $6 EPS for the current fiscal year and $6 EPS for the next fiscal year.
NYSE OMC opened at $71.86 on Monday. Omnicom Group has a twelve month low of $65.32 and a twelve month high of $86.71. The company has a quick ratio of 0.86, a current ratio of 0.93 and a debt-to-equity ratio of 1.56. The stock has a market cap of $16,498.67, a P/E ratio of 14.09, a price-to-earnings-growth ratio of 2.20 and a beta of 1.16.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 9th. Investors of record on Friday, March 9th were given a dividend of $0.60 per share. The ex-dividend date of this dividend was Thursday, March 8th. This represents a $2.40 annualized dividend and a dividend yield of 3.34%. Omnicom Group’s dividend payout ratio is presently 47.06%.
In other news, Treasurer Dennis E. Hewitt sold 2,000 shares of the company’s stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $77.38, for a total value of $154,760.00. Following the sale, the treasurer now directly owns 42,561 shares in the company, valued at approximately $3,293,370.18. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 1.10% of the company’s stock.
OMC has been the subject of several recent research reports. Barclays reaffirmed a “hold” rating and issued a $81.00 price target on shares of Omnicom Group in a report on Thursday, January 25th. Zacks Investment Research cut Omnicom Group from a “hold” rating to a “sell” rating in a report on Tuesday, January 2nd. Pivotal Research cut their price target on Omnicom Group from $76.00 to $75.00 and set a “hold” rating for the company in a report on Thursday, February 15th. Macquarie raised Omnicom Group from an “underperform” rating to a “neutral” rating and set a $77.00 price target for the company in a report on Friday, February 16th. Finally, ValuEngine cut Omnicom Group from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. Three analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and three have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $82.46.
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About Omnicom Group
Omnicom Group Inc, together with its subsidiaries, provides advertising, marketing, and corporate communications services. The company offers a range of services in the areas of advertising, customer relationship management, public relations, and healthcare. Its services comprises advertising, branding, content marketing, corporate social responsibility consulting, crisis communication, custom publishing, data analytics, database management, digital/direct marketing, digital transformation, financial/corporate business-to-business advertising, graphic arts/digital imaging, healthcare marketing and communications, and instore design services.
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