Omnicom Group (NYSE:OMC) Posts Earnings Results, Beats Estimates By $0.03 EPS

Omnicom Group (NYSE:OMC) released its quarterly earnings data on Tuesday. The business services provider reported $2.41 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 period last year, the company earned $2.20 earnings per share.

Omnicom Group Trading Up 0.4 %

Shares of OMC stock opened at $85.24 on Thursday. 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 stock’s fifty day moving average is $89.28 and its two-hundred day moving average is $96.09. Omnicom Group has a fifty-two week low of $81.42 and a fifty-two week high of $107.00. The firm has a market capitalization of $16.75 billion, a P/E ratio of 11.62, a PEG ratio of 1.89 and a beta of 0.97.

Omnicom Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, January 10th. Stockholders of record on Friday, December 20th were given a dividend of $0.70 per share. The ex-dividend date was Friday, December 20th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.28%. Omnicom Group’s dividend payout ratio (DPR) is 38.25%.

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. UBS Group increased their target price on shares of Omnicom Group from $120.00 to $124.00 and gave the company a “buy” rating in a report on Wednesday, October 16th. Wells Fargo & Company reduced their price target on Omnicom Group from $110.00 to $99.00 and set an “equal weight” rating on the stock in a research note on Tuesday, December 10th. JPMorgan Chase & Co. dropped their price objective on Omnicom Group from $119.00 to $116.00 and set an “overweight” rating on the stock in a research report on Monday, January 27th. Barclays dropped their target price on shares of Omnicom Group from $121.00 to $110.00 and set an “overweight” rating on the stock in a report on Friday, January 24th. Finally, Macquarie reiterated an “outperform” rating and issued a $120.00 price target on shares of Omnicom Group in a research report on Wednesday, December 11th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $108.25.

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.