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 Price Performance

Shares of NYSE:OMC traded down $1.22 during midday trading on Friday, hitting $69.08. 842,954 shares of the company's stock were exchanged, compared to its average volume of 1,472,019. Omnicom Group has a 12-month low of $61.31 and a 12-month high of $91.61. 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 company has a market cap of $14.15 billion, a price-to-earnings ratio of 11.31, a PEG ratio of 4.19 and a beta of 0.84. The business's fifty day moving average price is $67.13 and its two-hundred day moving average price is $75.30.

Omnicom Group (NYSE:OMC - Get Rating) last released its quarterly earnings data on Tuesday, July 19th. The business services provider reported $1.68 earnings per share for the quarter, beating analysts' consensus estimates of $1.56 by $0.12. The firm had revenue of $3.57 billion during 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 business's quarterly revenue was down .1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.46 earnings per share. As a group, research analysts forecast that Omnicom Group will post 6.33 EPS for the current fiscal year.

Omnicom Group Announces Dividend

The company also recently disclosed 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. The ex-dividend date of this dividend is Tuesday, September 20th. This represents a $2.80 dividend on an annualized basis and a yield of 4.05%. Omnicom Group's dividend payout ratio (DPR) is 45.83%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the company. JPMorgan Chase & Co. lowered their target price on Omnicom Group from $96.00 to $85.00 and set an "overweight" rating on the stock in a research note on Friday, July 8th. Barclays lowered their price objective on Omnicom Group from $90.00 to $70.00 and set an "equal weight" rating on the stock in a research note on Thursday, July 21st. BMO Capital Markets boosted their price objective on Omnicom Group from $82.00 to $89.00 in a research note on Thursday, April 21st. Citigroup boosted their price objective on Omnicom Group to $86.00 in a research note on Friday, July 22nd. Finally, Edward Jones cut Omnicom Group from a "buy" rating to a "hold" rating in a research note on Tuesday, June 14th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Hold" and an average target price of $83.90.