Omnicom Group (NYSE:OMC) Releases Earnings Results, Beats Expectations By $0.03 EPS

Omnicom Group (NYSE:OMC) issued its quarterly earnings results on Tuesday. The business services provider reported $2.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.38 by $0.03, RTT News reports. Omnicom Group had a net margin of 9.45% and a return on equity of 36.59%. During the same quarter in the previous year, the company posted $2.20 earnings per share.

Omnicom Group Price Performance

Shares of NYSE:OMC opened at $87.07 on Wednesday. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.86 and a current ratio of 0.98. The firm has a market cap of $17.11 billion, a price-to-earnings ratio of 11.90, a price-to-earnings-growth ratio of 1.89 and a beta of 0.97. The business has a 50-day simple moving average of $89.67 and a two-hundred day simple moving average of $96.17. Omnicom Group has a fifty-two week low of $81.42 and a fifty-two week high of $107.00.

Omnicom Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 10th. Investors of record on Friday, December 20th were issued a $0.70 dividend. The ex-dividend date of this dividend was Friday, December 20th. This represents a $2.80 annualized dividend and a yield of 3.22%. Omnicom Group’s payout ratio is 38.25%.

Analyst Upgrades and Downgrades

OMC has been the subject of a number of analyst reports. JPMorgan Chase & Co. decreased their target price on shares of Omnicom Group from $119.00 to $116.00 and set an “overweight” rating for the company in a research note on Monday, January 27th. UBS Group raised their price objective on Omnicom Group from $120.00 to $124.00 and gave the company a “buy” rating in a research report on Wednesday, October 16th. Barclays dropped their target price on Omnicom Group from $121.00 to $110.00 and set an “overweight” rating on the stock in a report on Friday, January 24th. Macquarie restated an “outperform” rating and set a $120.00 price target on shares of Omnicom Group in a report on Wednesday, December 11th. Finally, Wells Fargo & Company lowered their price target on 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. One investment analyst has rated the stock with a sell rating, two have given a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price 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.