Omnicom Group (NYSE:OMC) is scheduled to post its quarterly earnings results before the market opens on Wednesday, July 17th. Analysts expect Omnicom Group to post earnings of $1.61 per share for the quarter.
Omnicom Group (NYSE:OMC) last announced its quarterly earnings results on Tuesday, April 16th. The business services provider reported $1.17 EPS for the quarter, topping the Zacks’ consensus estimate of $1.08 by $0.09. The business had revenue of $3.47 billion for the quarter, compared to analysts’ expectations of $3.51 billion. Omnicom Group had a return on equity of 44.01% and a net margin of 8.76%. The business’s quarterly revenue was down 4.4% on a year-over-year basis. During the same period in the previous year, the firm earned $1.14 EPS. On average, analysts expect Omnicom Group to post $6 EPS for the current fiscal year and $6 EPS for the next fiscal year.
Shares of Omnicom Group stock opened at $83.65 on Friday. The company has a quick ratio of 0.79, a current ratio of 0.88 and a debt-to-equity ratio of 1.89. The stock has a 50 day moving average of $80.54. The stock has a market cap of $18.44 billion, a PE ratio of 14.55, a P/E/G ratio of 2.99 and a beta of 0.71. Omnicom Group has a one year low of $65.85 and a one year high of $84.89.
The business also recently declared a quarterly dividend, which will be paid on Friday, July 12th. Shareholders of record on Friday, June 14th will be paid a $0.65 dividend. The ex-dividend date of this dividend is Thursday, June 13th. This represents a $2.60 dividend on an annualized basis and a yield of 3.11%. Omnicom Group’s dividend payout ratio (DPR) is currently 45.22%.
In other news, Chairman John Wren sold 60,541 shares of Omnicom Group stock in a transaction that occurred on Wednesday, May 22nd. The stock was sold at an average price of $79.84, for a total value of $4,833,593.44. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Director Linda Johnson Rice sold 497 shares of Omnicom Group stock in a transaction that occurred on Thursday, April 18th. The stock was sold at an average price of $83.59, for a total value of $41,544.23. Following the completion of the sale, the director now owns 8,161 shares in the company, valued at $682,177.99. The disclosure for this sale can be found here. Over the last quarter, insiders sold 70,354 shares of company stock worth $5,642,219. Corporate insiders own 1.10% of the company’s stock.
A number of equities analysts have commented on the company. BMO Capital Markets assumed coverage on Yelp in a research note on Wednesday, April 17th. They issued an “outperform” rating on the stock. Barclays set a $24.00 price target on Tenet Healthcare and gave the stock a “hold” rating in a research note on Wednesday, April 17th. Seven investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $79.13.
About Omnicom Group
Omnicom Group Inc, together with its subsidiaries, provides advertising, marketing, and corporate communications services. It provides a range of services in the areas of advertising, customer relationship management, public relations, and healthcare. The company's services include advertising, branding, content marketing, corporate social responsibility consulting, crisis communications, custom publishing, data analytics, database management, digital/direct marketing, digital transformation, entertainment marketing, experiential marketing, field marketing, financial/corporate business-to-business advertising, graphic arts/digital imaging, healthcare marketing and communications, and in-store design services.
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