Omnicom Group (NYSE:OMC) Announces Earnings Results

Omnicom Group (NYSE:OMC - Get Free Report) announced its quarterly earnings data on Tuesday. The business services provider reported $1.70 earnings per share for the quarter, beating analysts' consensus estimates of $1.63 by $0.07, Zacks reports. The business had revenue of $3.69 billion for the quarter, compared to analyst estimates of $3.73 billion. Omnicom Group had a net margin of 9.44% and a return on equity of 36.39%.

Omnicom Group Stock Performance

Omnicom Group stock traded up $1.92 during midday trading on Friday, hitting $73.16. 3,692,159 shares of the company's stock were exchanged, compared to its average volume of 2,173,984. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.90 and a current ratio of 1.00. The stock has a market cap of $14.38 billion, a price-to-earnings ratio of 9.82, a price-to-earnings-growth ratio of 1.94 and a beta of 0.87. Omnicom Group has a 12-month low of $69.13 and a 12-month high of $107.00. The firm's 50 day simple moving average is $79.57 and its 200 day simple moving average is $89.39.

Omnicom Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 9th. Investors of record on Tuesday, March 11th were paid a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 3.83%. The ex-dividend date of this dividend was Tuesday, March 11th. Omnicom Group's dividend payout ratio is currently 38.30%.

Analyst Ratings Changes

A number of analysts have issued reports on OMC shares. JPMorgan Chase & Co. decreased their price target on Omnicom Group from $116.00 to $104.00 and set an "overweight" rating for the company in a report on Wednesday. UBS Group decreased their target price on Omnicom Group from $117.00 to $104.00 and set a "buy" rating for the company in a research note on Thursday, March 20th. Argus lowered shares of Omnicom Group from a "buy" rating to a "hold" rating in a research note on Friday, February 14th. Wells Fargo & Company reduced their price objective on shares of Omnicom Group from $99.00 to $84.00 and set an "equal weight" rating for the company in a research report on Wednesday. Finally, Citigroup reaffirmed a "buy" rating and issued a $103.00 target price on shares of Omnicom Group in a research report on Tuesday, April 15th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and five have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $101.29.

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.