Omnicom Group (NYSE:OMC) Announces Quarterly Earnings Results, Beats Expectations By $0.07 EPS

Omnicom Group (NYSE:OMC) announced its quarterly earnings results on Tuesday. The business services provider reported $1.95 EPS for the quarter, beating the consensus estimate of $1.88 by $0.07, Briefing.com reports. The business had revenue of $3.85 billion for the quarter, compared to analyst estimates of $3.83 billion. Omnicom Group had a return on equity of 37.86% and a net margin of 9.55%. Omnicom Group’s quarterly revenue was up 6.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.81 EPS.

Omnicom Group Trading Down 4.0 %

OMC stock opened at $91.52 on Thursday. The company has a market cap of $17.92 billion, a P/E ratio of 12.37, a PEG ratio of 2.22 and a beta of 0.95. Omnicom Group has a twelve month low of $72.20 and a twelve month high of $99.23. The company has a quick ratio of 0.81, a current ratio of 0.93 and a debt-to-equity ratio of 1.33. The business has a fifty day moving average of $91.94 and a 200-day moving average of $91.26.

Omnicom Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, July 9th. Stockholders of record on Monday, June 10th were given a dividend of $0.70 per share. The ex-dividend date of this dividend was Monday, June 10th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.06%. Omnicom Group’s payout ratio is currently 37.84%.

Insider Transactions at Omnicom Group

In other news, Director Linda Johnson Rice sold 453 shares of the business’s stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $92.68, for a total transaction of $41,984.04. Following the completion of the sale, the director now owns 9,830 shares in the company, valued at $911,044.40. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 1.30% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several analysts recently commented on the company. Wells Fargo & Company raised Omnicom Group from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $91.00 to $106.00 in a research note on Wednesday, April 17th. Barclays raised Omnicom Group from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $100.00 to $110.00 in a research note on Tuesday, May 7th. JPMorgan Chase & Co. boosted their price target on Omnicom Group from $104.00 to $108.00 and gave the company an “overweight” rating in a research note on Wednesday, April 17th. Moffett Nathanson boosted their price target on Omnicom Group from $89.00 to $93.00 and gave the company a “neutral” rating in a research note on Wednesday, April 17th. Finally, StockNews.com raised Omnicom Group from a “hold” rating to a “buy” rating in a research note on Thursday, April 18th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $104.40.

Omnicom Group Company Profile

Omnicom Group Inc, together with its subsidiaries, offers advertising, marketing, and corporate communications services. It provides a range of services in the areas of advertising and media, precision marketing, commerce and branding, experiential, execution and support, public relations, and healthcare.