Omnicom Group (NYSE:OMC) Announces Quarterly Earnings Results

Omnicom Group (NYSE:OMCGet Free Report) released its earnings results on Tuesday. The business services provider reported $2.20 EPS for the quarter, topping the consensus estimate of $2.16 by $0.04, Briefing.com reports. Omnicom Group had a return on equity of 40.01% and a net margin of 9.62%. The firm had revenue of $4.06 billion during the quarter, compared to analysts’ expectations of $4 billion. During the same period in the previous year, the firm posted $2.09 EPS. Omnicom Group’s revenue for the quarter was up 5.0% on a year-over-year basis.

Omnicom Group Stock Performance

NYSE OMC opened at $89.00 on Wednesday. The company has a current ratio of 0.97, a quick ratio of 0.84 and a debt-to-equity ratio of 1.47. The business’s 50 day moving average is $86.69 and its two-hundred day moving average is $80.93. Omnicom Group has a 12-month low of $72.20 and a 12-month high of $99.23. The stock has a market capitalization of $17.62 billion, a price-to-earnings ratio of 12.94, a PEG ratio of 2.36 and a beta of 0.97.

Omnicom Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, January 12th. Shareholders of record on Friday, December 22nd were given a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 3.15%. The ex-dividend date of this dividend was Thursday, December 21st. Omnicom Group’s payout ratio is 40.70%.

Hedge Funds Weigh In On Omnicom Group

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its holdings in shares of Omnicom Group by 4.8% in the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 27,964 shares of the business services provider’s stock worth $2,374,000 after acquiring an additional 1,284 shares during the period. Aviva PLC grew its holdings in Omnicom Group by 27.0% during the 1st quarter. Aviva PLC now owns 81,054 shares of the business services provider’s stock valued at $6,880,000 after buying an additional 17,251 shares during the last quarter. Prudential PLC acquired a new stake in Omnicom Group during the 1st quarter valued at $503,000. National Pension Service grew its holdings in Omnicom Group by 644.1% during the 1st quarter. National Pension Service now owns 407,387 shares of the business services provider’s stock valued at $34,579,000 after buying an additional 352,639 shares during the last quarter. Finally, Loomis Sayles & Co. L P acquired a new stake in Omnicom Group during the 1st quarter valued at $929,000. Institutional investors and hedge funds own 92.71% of the company’s stock.

Analysts Set New Price Targets

OMC has been the subject of a number of recent analyst reports. Morgan Stanley raised Omnicom Group from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $90.00 to $100.00 in a report on Friday, December 15th. Citigroup reduced their target price on Omnicom Group from $113.00 to $112.00 and set a “buy” rating for the company in a report on Thursday, October 19th. UBS Group initiated coverage on Omnicom Group in a report on Thursday, January 11th. They issued a “buy” rating and a $117.00 target price for the company. Macquarie raised Omnicom Group from a “neutral” rating to an “outperform” rating and boosted their target price for the company from $80.00 to $100.00 in a report on Friday, January 5th. Finally, Barclays boosted their target price on Omnicom Group from $95.00 to $100.00 and gave the company an “equal weight” rating in a report on Monday, January 29th. One research analyst has rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $98.44.

Check Out Our Latest Report on Omnicom Group

About Omnicom Group

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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 brand consulting, experiential, execution and support, public relations, and healthcare.

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Earnings History for Omnicom Group (NYSE:OMC)

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