Omnicom Group (NYSE:OMC - Get Free Report) issued its earnings results on Tuesday. The business services provider reported $1.70 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.63 by $0.07, Zacks reports. The business had revenue of $3.69 billion for the quarter, compared to analysts' expectations of $3.73 billion. Omnicom Group had a return on equity of 36.39% and a net margin of 9.44%.
Omnicom Group Stock Performance
OMC stock traded up $1.92 during mid-day trading on Friday, reaching $73.16. 3,692,159 shares of the stock traded hands, compared to its average volume of 2,173,984. The business has a 50-day moving average of $79.57 and a two-hundred day moving average of $89.39. Omnicom Group has a 52 week low of $69.13 and a 52 week high of $107.00. The firm has a market capitalization of $14.38 billion, a PE ratio of 9.82, a P/E/G ratio of 1.94 and a beta of 0.87. The company has a quick ratio of 0.90, a current ratio of 1.00 and a debt-to-equity ratio of 1.27.
Omnicom Group Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Wednesday, April 9th. Shareholders of record on Tuesday, March 11th were given a dividend of $0.70 per share. The ex-dividend date of this dividend was Tuesday, March 11th. This represents a $2.80 dividend on an annualized basis and a yield of 3.83%. Omnicom Group's payout ratio is currently 38.30%.
Wall Street Analyst Weigh In
Several research firms have issued reports on OMC. Barclays cut their price objective on Omnicom Group from $110.00 to $105.00 and set an "overweight" rating on the stock in a report on Thursday. Citigroup reiterated a "buy" rating and set a $103.00 price target on shares of Omnicom Group in a report on Tuesday, April 15th. UBS Group lowered their target price on Omnicom Group from $117.00 to $104.00 and set a "buy" rating on the stock in a research note on Thursday, March 20th. Wells Fargo & Company decreased their price target on shares of Omnicom Group from $99.00 to $84.00 and set an "equal weight" rating for the company in a report on Wednesday. Finally, JPMorgan Chase & Co. decreased their target price on shares of Omnicom Group from $116.00 to $104.00 and set an "overweight" rating for the company in a research note on Wednesday. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, Omnicom Group currently has a consensus rating of "Moderate Buy" and an average target price of $101.29.
Read Our Latest Analysis on OMC
About Omnicom Group
(
Get Free Report)
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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