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 Up 2.0 %

OMC opened at $73.68 on Wednesday. Omnicom Group has a fifty-two week low of $61.31 and a fifty-two week high of $91.61. The company has a debt-to-equity ratio of 1.65, a quick ratio of 0.85 and a current ratio of 0.95. The company has a fifty day moving average of $66.92 and a two-hundred day moving average of $75.15. The stock has a market capitalization of $15.09 billion, a price-to-earnings ratio of 12.06, a PEG ratio of 4.40 and a beta of 0.84.

Omnicom Group (NYSE:OMC - Get Rating) last posted its 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. Omnicom Group had a return on equity of 39.15% and a net margin of 9.07%. The company had revenue of $3.57 billion for the quarter, compared to the consensus estimate of $3.47 billion. During the same quarter in the previous year, the business earned $1.46 earnings per share. The company's revenue for the quarter was down .1% on a year-over-year basis. On average, research analysts expect that Omnicom Group will post 6.33 earnings per share for the current year.

Omnicom Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 12th. Shareholders of record on Wednesday, September 21st will be issued a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a yield of 3.80%. The ex-dividend date of this dividend is Tuesday, September 20th. Omnicom Group's dividend payout ratio is presently 45.83%.

Wall Street Analysts Forecast Growth

OMC has been the topic of several recent research reports. Morgan Stanley decreased their target price on shares of Omnicom Group from $84.00 to $70.00 and set an "underweight" rating on the stock in a research report on Friday, June 10th. Citigroup boosted their price target on Omnicom Group to $86.00 in a research note on Friday, July 22nd. Wells Fargo & Company upped their target price on Omnicom Group from $73.00 to $84.00 and gave the company an "overweight" rating in a report on Wednesday, July 20th. StockNews.com upgraded shares of Omnicom Group from a "sell" rating to a "hold" rating in a research note on Friday, April 29th. Finally, JPMorgan Chase & Co. reduced their target price on Omnicom Group from $96.00 to $85.00 and set an "overweight" rating on the stock in a report on Friday, July 8th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, Omnicom Group has a consensus rating of "Hold" and a consensus target price of $83.90.

Insider Activity at Omnicom Group

In other Omnicom Group news, VP Michael J. Obrien sold 18,000 shares of the business's stock in a transaction dated Tuesday, August 9th. The shares were sold at an average price of $70.47, for a total transaction of $1,268,460.00. Following the sale, the vice president now directly owns 131,118 shares in the company, valued at approximately $9,239,885.46. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 1.30% of the company's stock.