Omnicom Group (NYSE:OMC) Releases Quarterly Earnings Results

Omnicom Group (NYSE:OMC) issued its quarterly earnings results on Tuesday. The business services provider reported $2.03 earnings per share for the quarter, topping the consensus estimate of $2.02 by $0.01, RTT News reports. Omnicom Group had a return on equity of 37.51% and a net margin of 9.55%. During the same quarter in the prior year, the business posted $1.86 EPS.

Omnicom Group Price Performance

Shares of OMC opened at $104.02 on Wednesday. The company has a debt-to-equity ratio of 1.31, a quick ratio of 0.81 and a current ratio of 0.93. Omnicom Group has a fifty-two week low of $73.28 and a fifty-two week high of $105.36. The firm has a 50-day simple moving average of $99.55 and a 200-day simple moving average of $95.07. The company has a market capitalization of $20.37 billion, a price-to-earnings ratio of 14.06, a price-to-earnings-growth ratio of 2.39 and a beta of 0.94.

Omnicom Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 11th. Shareholders of record on Friday, September 20th were paid a $0.70 dividend. The ex-dividend date of this dividend was Friday, September 20th. This represents a $2.80 dividend on an annualized basis and a yield of 2.69%. Omnicom Group’s dividend payout ratio is presently 37.84%.

Analyst Ratings Changes

Several brokerages recently weighed in on OMC. JPMorgan Chase & Co. raised their target price on shares of Omnicom Group from $106.00 to $118.00 and gave the company an “overweight” rating in a report on Tuesday, October 1st. Bank of America raised their price objective on shares of Omnicom Group from $87.00 to $89.00 and gave the company an “underperform” rating in a report on Thursday, September 5th. Macquarie reiterated an “outperform” rating and set a $110.00 target price on shares of Omnicom Group in a research note on Wednesday, July 17th. Finally, UBS Group increased their target price on Omnicom Group from $117.00 to $120.00 and gave the company a “buy” rating in a report on Thursday, July 18th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $107.30.

Insider Activity at Omnicom Group

In other Omnicom Group news, Director Linda Johnson Rice sold 488 shares of the company’s stock in a transaction that occurred on Friday, July 19th. The stock was sold at an average price of $90.88, for a total transaction of $44,349.44. Following the completion of the sale, the director now directly owns 10,356 shares of the company’s stock, valued at $941,153.28. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, VP Rochelle M. Tarlowe sold 3,000 shares of the business’s stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $99.17, for a total transaction of $297,510.00. Following the transaction, the vice president now directly owns 15,375 shares in the company, valued at $1,524,738.75. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Linda Johnson Rice sold 488 shares of the firm’s stock in a transaction dated Friday, July 19th. The shares were sold at an average price of $90.88, for a total transaction of $44,349.44. Following the completion of the sale, the director now owns 10,356 shares of the company’s stock, valued at approximately $941,153.28. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. 1.30% of the stock is currently owned by insiders.

About Omnicom Group

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.