Omnicom Group Inc. (NYSE:OMC) Plans $0.70 Quarterly Dividend

Omnicom Group Inc. (NYSE:OMC) announced a quarterly dividend on Thursday, February 13th, RTT News reports. Stockholders of record on Tuesday, March 11th will be given a dividend of 0.70 per share by the business services provider on Wednesday, April 9th. This represents a $2.80 annualized dividend and a dividend yield of 3.30%. The ex-dividend date is Tuesday, March 11th.

Omnicom Group has a dividend payout ratio of 30.7% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Omnicom Group to earn $8.95 per share next year, which means the company should continue to be able to cover its $2.80 annual dividend with an expected future payout ratio of 31.3%.

Omnicom Group Stock Performance

Omnicom Group stock opened at $84.90 on Friday. The firm has a 50 day simple moving average of $84.42 and a 200-day simple moving average of $94.35. Omnicom Group has a 1-year low of $79.57 and a 1-year high of $107.00. The company has a debt-to-equity ratio of 1.27, a current ratio of 1.00 and a quick ratio of 0.90. The stock has a market cap of $16.68 billion, a price-to-earnings ratio of 11.40, a price-to-earnings-growth ratio of 1.94 and a beta of 0.98.

Omnicom Group (NYSE:OMC) last posted its quarterly earnings data on Tuesday, February 4th. The business services provider reported $2.41 earnings per share for the quarter, topping analysts’ consensus estimates of $2.38 by $0.03. Omnicom Group had a net margin of 9.44% and a return on equity of 36.39%. During the same quarter in the previous year, the company posted $2.20 earnings per share. On average, analysts expect that Omnicom Group will post 8.25 EPS for the current year.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on OMC shares. Argus cut shares of Omnicom Group from a “buy” rating to a “hold” rating in a research report on Friday, February 14th. Barclays lowered their price objective on shares of Omnicom Group from $121.00 to $110.00 and set an “overweight” rating for the company in a research report on Friday, January 24th. Wells Fargo & Company lowered their price objective on shares of Omnicom Group from $110.00 to $99.00 and set an “equal weight” rating for the company in a research report on Tuesday, December 10th. Macquarie reiterated an “outperform” rating and set a $120.00 target price on shares of Omnicom Group in a report on Wednesday, December 11th. Finally, JPMorgan Chase & Co. reduced their target price on shares of Omnicom Group from $119.00 to $116.00 and set an “overweight” rating on the stock in a report on Monday, January 27th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $108.25.

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.