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 0.5 %

NYSE:OMC traded up $0.37 during trading hours on Friday, hitting $72.55. 659,971 shares of the company were exchanged, compared to its average volume of 1,384,019. The company has a 50 day moving average of $66.93 and a two-hundred day moving average of $75.16. The company has a quick ratio of 0.85, a current ratio of 0.95 and a debt-to-equity ratio of 1.65. Omnicom Group has a 52-week low of $61.31 and a 52-week high of $91.61. The firm has a market cap of $14.86 billion, a price-to-earnings ratio of 11.87, a PEG ratio of 4.38 and a beta of 0.84.

Omnicom Group (NYSE:OMC - Get Rating) last announced its earnings results on Tuesday, July 19th. The business services provider reported $1.68 earnings per share (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 firm had revenue of $3.57 billion during the quarter, compared to analysts' expectations of $3.47 billion. During the same period in the prior year, the firm earned $1.46 EPS. The business's revenue was down .1% on a year-over-year basis. Equities research analysts anticipate that Omnicom Group will post 6.33 earnings per share for the current year.

Omnicom Group Dividend Announcement

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

Analyst Ratings Changes

Several brokerages have weighed in on OMC. Edward Jones downgraded Omnicom Group from a "buy" rating to a "hold" rating in a report on Tuesday, June 14th. JPMorgan Chase & Co. cut their price objective on Omnicom Group from $96.00 to $85.00 and set an "overweight" rating for the company in a research report on Friday, July 8th. StockNews.com upgraded Omnicom Group from a "sell" rating to a "hold" rating in a research report on Friday, April 29th. BMO Capital Markets boosted their price objective on Omnicom Group from $82.00 to $89.00 in a research note on Thursday, April 21st. Finally, Barclays decreased their price target 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. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, Omnicom Group has an average rating of "Hold" and an average price target of $83.90.

Insider Activity

In related news, VP Michael J. Obrien sold 18,000 shares of Omnicom Group stock in a transaction on 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 transaction, the vice president now owns 131,118 shares in the company, valued at $9,239,885.46. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 1.30% of the company's stock.