Headlines about Omnicom Group (NYSE:OMC) have been trending somewhat positive on Thursday, Accern reports. Accern identifies positive and negative media coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Omnicom Group earned a coverage optimism score of 0.24 on Accern’s scale. Accern also assigned news articles about the business services provider an impact score of 46.2853555353991 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
Here are some of the news articles that may have impacted Accern’s rankings:
- McDonald’s Expands Relationship With Omnicom, Signing Content Collective as Entertainment AOR (adweek.com)
- Interpublic, Omnicom To Make Hedge Funds Happy (investing.com)
- Omnicom’s GSD&M Idea City wins $741 mln U.S. defense contract -Pentagon (finance.yahoo.com)
- Omnicom Group Inc. (OMC) Look at on volume And Volatility Analysis – Investing News Update (investingbizz.com)
- Omnicom Group Inc. (OMC) moved -2.19% – Monthly Down Overview – The Stocks News (press release) (thestocksnews.com)
OMC has been the topic of several recent analyst reports. Atlantic Securities upgraded Omnicom Group from an “underweight” rating to a “neutral” rating in a research report on Friday, March 2nd. Zacks Investment Research cut Omnicom Group from a “hold” rating to a “sell” rating in a research report on Tuesday, January 2nd. Macquarie cut Omnicom Group from a “neutral” rating to an “underperform” rating and set a $83.00 target price on the stock. in a research report on Tuesday, January 2nd. Bank of America cut Omnicom Group from a “neutral” rating to an “underperform” rating in a research report on Thursday, January 25th. Finally, Royal Bank of Canada cut Omnicom Group from an “outperform” rating to a “sector perform” rating and set a $83.00 target price on the stock. in a research report on Friday, February 16th. Three research analysts have rated the stock with a sell rating, thirteen have given a hold rating and three have issued a buy rating to the company’s stock. Omnicom Group presently has an average rating of “Hold” and a consensus target price of $82.77.
Omnicom Group (NYSE:OMC) last posted its earnings results on Thursday, February 15th. The business services provider reported $1.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.54 by $0.01. Omnicom Group had a return on equity of 40.67% and a net margin of 7.12%. The firm had revenue of $4.18 billion for the quarter, compared to analyst estimates of $4.21 billion. During the same quarter in the prior year, the company earned $1.47 EPS. Omnicom Group’s revenue was down 1.5% on a year-over-year basis. sell-side analysts expect that Omnicom Group will post 5.6 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Monday, April 9th. Investors of record on Friday, March 9th will be paid a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a yield of 3.25%. The ex-dividend date of this dividend is Thursday, March 8th. Omnicom Group’s payout ratio is currently 46.97%.
In related news, Treasurer Dennis E. Hewitt sold 2,000 shares of the company’s stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $77.38, for a total value of $154,760.00. Following the sale, the treasurer now owns 42,561 shares of the company’s stock, valued at approximately $3,293,370.18. The transaction was disclosed in a filing with the SEC, which is available through this link. 1.10% of the stock is currently owned by corporate insiders.
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Omnicom Group Company Profile
Omnicom Group Inc is a holding company. The Company provides advertising, marketing and corporate communications services. The Company’s branded networks and agencies operate in all markets around the world and provide a range of services, which it groups into four disciplines: advertising, customer relationship management (CRM), public relations and specialty communications.
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