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.

Analysts Set New Price Targets

A number of research analysts have commented on the company. Edward Jones lowered Omnicom Group from a "buy" rating to a "hold" rating in a research report on Tuesday, June 14th. Citigroup increased their price objective on Omnicom Group to $86.00 in a research report on Friday, July 22nd. JPMorgan Chase & Co. decreased their price objective on Omnicom Group from $96.00 to $85.00 and set an "overweight" rating on the stock in a research report on Friday, July 8th. Macquarie lowered Omnicom Group from an "outperform" rating to a "neutral" rating in a research report on Thursday, June 23rd. Finally, Wells Fargo & Company raised their price target on Omnicom Group from $73.00 to $84.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 20th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $83.90.

Omnicom Group Stock Performance

OMC Stock opened at $72.25 on Tuesday. The business's 50-day moving average price is $66.93 and its two-hundred day moving average price is $75.17. The company has a current ratio of 0.95, a quick ratio of 0.85 and a debt-to-equity ratio of 1.65. The firm has a market cap of $14.80 billion, a PE ratio of 11.82, a P/E/G ratio of 4.40 and a beta of 0.84. Omnicom Group has a 1-year low of $61.31 and a 1-year high of $91.61.

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

Omnicom Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 12th. Shareholders of record on Wednesday, September 21st will be paid a $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 3.88%. The ex-dividend date is Tuesday, September 20th. Omnicom Group's dividend payout ratio is 45.83%.

Insider Buying and Selling at Omnicom Group

In other Omnicom Group news, VP Michael J. Obrien sold 18,000 shares of Omnicom Group stock in a transaction dated Tuesday, August 9th. The stock was sold at an average price of $70.47, for a total value of $1,268,460.00. Following the sale, 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 document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 1.30% of the company's stock.