Omnicom Group - OMC Stock Forecast, Price & News

Omnicom Group Inc., together with its subsidiaries, provides advertising, marketing, and corporate communications services. It provides a range of services in the areas of advertising, customer relationship management, public relations, and healthcare. The company's services include advertising, branding, content marketing, corporate social responsibility consulting, crisis communications, custom publishing, data analytics, database management, digital/direct marketing, digital transformation, entertainment marketing, experiential marketing, field marketing, financial/corporate business-to-business advertising, graphic arts/digital imaging, healthcare marketing and communications, and in-store design services. Its services also comprise interactive marketing, investor relations, marketing research, media planning and buying, merchandising and point of sale, mobile marketing, multi-cultural marketing, non-profit marketing, organizational communications, package design, product placement, promotional marketing, public affairs, retail marketing, sales support, search engine marketing, shopper marketing, social media marketing, and sports and event marketing services. It operates in the United States, Canada, Puerto Rico, South America, Mexico, Europe, the Middle East, Africa, Australia, Greater China, India, Japan, Korea, New Zealand, Singapore, and other Asian countries. The company was incorporated in 1944 and is based in New York, New York.

Omnicom Group Stock Performance

NYSE:OMC opened at $72.55 on Monday. The company has a debt-to-equity ratio of 1.65, a quick ratio of 0.85 and a current ratio of 0.95. Omnicom Group has a fifty-two week low of $61.31 and a fifty-two week high of $91.61. The firm has a market cap of $14.86 billion, a PE ratio of 11.87, a price-to-earnings-growth ratio of 4.40 and a beta of 0.84. The business has a 50 day moving average price of $66.93 and a 200-day moving average price of $75.16.

Omnicom Group (NYSE:OMC - Get Rating) last posted its quarterly earnings results on Tuesday, July 19th. The business services provider reported $1.68 EPS for the quarter, beating analysts' consensus estimates of $1.56 by $0.12. The company had revenue of $3.57 billion during the quarter, compared to analyst estimates of $3.47 billion. Omnicom Group had a net margin of 9.07% and a return on equity of 39.15%. The firm's revenue was down .1% compared to the same quarter last year. During the same period in the prior year, the business posted $1.46 EPS. Equities research analysts predict that Omnicom Group will post 6.33 earnings per share for the current year.

Omnicom Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 12th. Stockholders of record on Wednesday, September 21st will be issued a dividend of $0.70 per share. The ex-dividend date of this dividend is Tuesday, September 20th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.86%. Omnicom Group's dividend payout ratio is currently 45.83%.

Analysts Set New Price Targets

A number of equities analysts have recently commented on OMC shares. Edward Jones lowered shares of Omnicom Group from a "buy" rating to a "hold" rating in a report on Tuesday, June 14th. Wells Fargo & Company lifted their price target on Omnicom Group from $73.00 to $84.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 20th. StockNews.com upgraded Omnicom Group from a "sell" rating to a "hold" rating in a research report on Friday, April 29th. Macquarie lowered Omnicom Group from an "outperform" rating to a "neutral" rating in a research note on Thursday, June 23rd. Finally, BMO Capital Markets increased their price target on shares of Omnicom Group from $82.00 to $89.00 in a research report on Thursday, April 21st. Two research analysts have rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $83.90.

Insider Buying and Selling

In other Omnicom Group news, VP Michael J. Obrien sold 18,000 shares of the company's stock in a transaction that occurred on Tuesday, August 9th. The stock was sold at an average price of $70.47, for a total transaction of $1,268,460.00. Following the completion of the transaction, the vice president now owns 131,118 shares of the company's stock, valued at approximately $9,239,885.46. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 1.30% of the stock is owned by insiders.