News coverage about Omnicom Group (NYSE:OMC) has trended somewhat positive recently, according to Accern Sentiment Analysis. The research firm scores the sentiment of news coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Omnicom Group earned a daily sentiment score of 0.23 on Accern’s scale. Accern also assigned news stories about the business services provider an impact score of 46.5601373477838 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
Several equities research analysts recently issued reports on the stock. Royal Bank Of Canada set a $96.00 price objective on shares of Omnicom Group and gave the company a “buy” rating in a research note on Saturday, May 20th. BidaskClub lowered shares of Omnicom Group from a “sell” rating to a “strong sell” rating in a research note on Tuesday, August 1st. Citigroup Inc. raised shares of Omnicom Group from a “sell” rating to a “neutral” rating in a research note on Wednesday, September 6th. Zacks Investment Research lowered shares of Omnicom Group from a “buy” rating to a “hold” rating in a research note on Monday, July 31st. Finally, Macquarie lowered shares of Omnicom Group from an “outperform” rating to a “neutral” rating and reduced their price objective for the company from $90.00 to $83.00 in a research note on Tuesday, June 6th. Two investment analysts have rated the stock with a sell rating, twelve have given a hold rating and one has assigned a buy rating to the company. Omnicom Group has a consensus rating of “Hold” and an average price target of $86.00.
Omnicom Group (OMC) traded up 0.70% on Monday, reaching $73.34. 1,347,677 shares of the company’s stock were exchanged. The firm’s 50-day moving average is $76.54 and its 200-day moving average is $81.82. Omnicom Group has a 12 month low of $71.63 and a 12 month high of $89.66. The firm has a market cap of $16.92 billion, a PE ratio of 14.81 and a beta of 1.27.
Omnicom Group (NYSE:OMC) last released its earnings results on Thursday, July 20th. The business services provider reported $1.40 earnings per share for the quarter, beating analysts’ consensus estimates of $1.38 by $0.02. The business had revenue of $3.79 billion during the quarter, compared to the consensus estimate of $3.74 billion. Omnicom Group had a net margin of 7.61% and a return on equity of 42.54%. The firm’s revenue for the quarter was down 2.4% compared to the same quarter last year. During the same quarter last year, the firm earned $1.36 earnings per share. On average, equities analysts forecast that Omnicom Group will post $5.08 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 10th. Stockholders of record on Friday, September 22nd will be given a $0.55 dividend. This represents a $2.20 dividend on an annualized basis and a dividend yield of 3.00%. The ex-dividend date of this dividend is Thursday, September 21st. Omnicom Group’s dividend payout ratio (DPR) is presently 44.44%.
In other news, Treasurer Dennis E. Hewitt sold 900 shares of Omnicom Group stock in a transaction dated Wednesday, July 26th. The shares were sold at an average price of $79.11, for a total value of $71,199.00. Following the completion of the transaction, the treasurer now owns 44,161 shares of the company’s stock, valued at approximately $3,493,576.71. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Linda Johnson Rice sold 483 shares of Omnicom Group stock in a transaction dated Monday, July 24th. The shares were sold at an average price of $82.19, for a total transaction of $39,697.77. Following the completion of the transaction, the director now directly owns 7,724 shares of the company’s stock, valued at approximately $634,835.56. The disclosure for this sale can be found here. Company insiders own 1.10% of the company’s stock.
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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