Omnicom Group (NYSE:OMC) Posts Quarterly Earnings Results

Omnicom Group (NYSE:OMC) released its quarterly earnings results on Tuesday. The business services provider reported $2.41 earnings per share for the quarter, beating analysts’ consensus estimates of $2.38 by $0.03, RTT News reports. Omnicom Group had a return on equity of 36.59% and a net margin of 9.45%. During the same quarter in the previous year, the firm earned $2.20 EPS.

Omnicom Group Trading Down 0.8 %

Shares of NYSE OMC traded down $0.69 during mid-day trading on Tuesday, hitting $87.07. 2,674,057 shares of the company traded hands, compared to its average volume of 2,296,596. The company has a quick ratio of 0.86, a current ratio of 0.98 and a debt-to-equity ratio of 1.37. Omnicom Group has a 1 year low of $81.42 and a 1 year high of $107.00. The stock has a market capitalization of $17.11 billion, a price-to-earnings ratio of 11.90, a PEG ratio of 1.89 and a beta of 0.97. The business has a 50 day moving average of $90.02 and a two-hundred day moving average of $96.20.

Omnicom Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, January 10th. Investors of record on Friday, December 20th were issued a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.22%. The ex-dividend date was Friday, December 20th. Omnicom Group’s payout ratio is 38.25%.

Wall Street Analysts Forecast Growth

OMC has been the topic of several recent analyst reports. Macquarie reaffirmed an “outperform” rating and set a $120.00 target price on shares of Omnicom Group in a research note on Wednesday, December 11th. Wells Fargo & Company reduced their price objective on shares of Omnicom Group from $110.00 to $99.00 and set an “equal weight” rating for the company in a report on Tuesday, December 10th. JPMorgan Chase & Co. lowered their target price on shares of Omnicom Group from $119.00 to $116.00 and set an “overweight” rating on the stock in a research note on Monday, January 27th. UBS Group upped their target price on Omnicom Group from $120.00 to $124.00 and gave the stock a “buy” rating in a research report on Wednesday, October 16th. Finally, Barclays lowered their price target on Omnicom Group from $121.00 to $110.00 and set an “overweight” rating on the stock in a research report on Friday, January 24th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, Omnicom Group currently has a consensus rating of “Moderate Buy” and an average target price of $108.25.

About Omnicom Group

Omnicom Group Inc, together with its subsidiaries, offers advertising, marketing, and corporate communications services. It provides a range of services in the areas of advertising and media, precision marketing, commerce and branding, experiential, execution and support, public relations, and healthcare.