Omnicom Group Inc. (NYSE:OMC) Plans Quarterly Dividend of $0.70

Omnicom Group Inc. (NYSE:OMC - Get Free Report) declared a quarterly dividend on Thursday, July 17th, RTT News reports. Investors of record on Tuesday, September 2nd will be paid a dividend of 0.70 per share by the business services provider on Friday, October 10th. This represents a $2.80 dividend on an annualized basis and a yield of 3.95%.

Omnicom Group has a dividend payout ratio of 31.5% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Omnicom Group to earn $8.95 per share next year, which means the company should continue to be able to cover its $2.80 annual dividend with an expected future payout ratio of 31.3%.

Omnicom Group Trading Down 4.4%

Shares of NYSE:OMC traded down $3.25 during midday trading on Thursday, reaching $70.80. The company had a trading volume of 6,956,928 shares, compared to its average volume of 2,730,713. The firm has a market cap of $13.81 billion, a price-to-earnings ratio of 10.16, a price-to-earnings-growth ratio of 1.62 and a beta of 0.92. Omnicom Group has a 1-year low of $68.37 and a 1-year high of $107.00. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.87 and a current ratio of 1.01. The company has a fifty day simple moving average of $73.07 and a two-hundred day simple moving average of $78.24.

Omnicom Group (NYSE:OMC - Get Free Report) last issued its quarterly earnings data on Tuesday, July 15th. The business services provider reported $2.05 EPS for the quarter, beating analysts' consensus estimates of $2.02 by $0.03. The business had revenue of $4.02 billion for the quarter, compared to analyst estimates of $3.95 billion. Omnicom Group had a return on equity of 34.16% and a net margin of 8.67%. The firm's revenue for the quarter was up 4.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.95 EPS. Research analysts predict that Omnicom Group will post 8.25 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. UBS Group reduced their target price on Omnicom Group from $117.00 to $104.00 and set a "buy" rating on the stock in a report on Thursday, March 20th. Wells Fargo & Company lowered their price target on shares of Omnicom Group from $84.00 to $78.00 and set an "equal weight" rating for the company in a report on Wednesday. Barclays lowered shares of Omnicom Group from an "overweight" rating to an "equal weight" rating and lowered their price target for the company from $105.00 to $80.00 in a report on Wednesday, June 25th. Bank of America raised shares of Omnicom Group from an "underperform" rating to a "neutral" rating and set a $80.00 price target for the company in a report on Monday, June 23rd. Finally, JPMorgan Chase & Co. lowered their price target on shares of Omnicom Group from $104.00 to $96.00 and set an "overweight" rating for the company in a report on Thursday, July 10th. Four research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, Omnicom Group currently has an average rating of "Moderate Buy" and a consensus price target of $94.43.

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.

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