Omnicom Group (NYSE:OMC) Releases Earnings Results, Beats Expectations By $0.03 EPS

Omnicom Group (NYSE:OMC - Get Free Report) issued its quarterly earnings data on Tuesday. The business services provider reported $2.05 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.02 by $0.03, Zacks reports. Omnicom Group had a return on equity of 34.85% and a net margin of 9.20%. The business had revenue of $4.02 billion during the quarter, compared to analyst estimates of $3.95 billion. During the same period in the prior year, the company posted $1.95 EPS. The business's revenue for the quarter was up 4.2% compared to the same quarter last year.

Omnicom Group Price Performance

Shares of NYSE:OMC traded up $2.77 on Wednesday, reaching $73.55. 4,928,626 shares of the company traded hands, compared to its average volume of 2,708,034. Omnicom Group has a fifty-two week low of $68.37 and a fifty-two week high of $107.00. The company's 50 day moving average is $73.11 and its 200-day moving average is $78.27. The stock has a market capitalization of $14.35 billion, a PE ratio of 10.05, a P/E/G ratio of 1.60 and a beta of 0.92. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.01 and a quick ratio of 0.87.

Omnicom Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 9th. Stockholders of record on Tuesday, June 10th were given a dividend of $0.70 per share. The ex-dividend date was Tuesday, June 10th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.81%. Omnicom Group's dividend payout ratio (DPR) is presently 38.30%.

Analyst Ratings Changes

A number of equities research analysts have weighed in on OMC shares. Bank of America upgraded Omnicom Group from an "underperform" rating to a "neutral" rating and set a $80.00 target price for the company in a research report on Monday, June 23rd. UBS Group cut their target price on Omnicom Group from $117.00 to $104.00 and set a "buy" rating for the company in a research report on Thursday, March 20th. Wells Fargo & Company cut their target price on Omnicom Group from $84.00 to $78.00 and set an "equal weight" rating for the company in a research report on Wednesday. Barclays downgraded Omnicom Group from an "overweight" rating to an "equal weight" rating and cut their target price for the stock from $105.00 to $80.00 in a research report on Wednesday, June 25th. Finally, JPMorgan Chase & Co. cut their target price on Omnicom Group from $104.00 to $96.00 and set an "overweight" rating for the company in a research report on Thursday, July 10th. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, Omnicom Group currently has a consensus rating of "Moderate Buy" and a consensus target price of $94.43.

Omnicom Group Company Profile

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.