Omnicom Group (NYSE:OMC) Posts Earnings Results, Misses Estimates By $0.02 EPS

Omnicom Group (NYSE:OMC) posted its quarterly earnings results on Tuesday. The business services provider reported $2.65 earnings per share for the quarter, missing analysts’ consensus estimates of $2.67 by ($0.02), FiscalAI reports. Omnicom Group had a net margin of 0.32% and a return on equity of 24.48%.

Omnicom Group Trading Up 4.7%

NYSE OMC traded up $3.90 during trading hours on Tuesday, hitting $86.31. 3,976,985 shares of the company’s stock were exchanged, compared to its average volume of 4,560,204. The company has a current ratio of 0.91, a quick ratio of 0.77 and a debt-to-equity ratio of 0.99. Omnicom Group has a 1-year low of $66.33 and a 1-year high of $87.41. The stock has a 50-day simple moving average of $76.59 and a 200 day simple moving average of $76.78. The firm has a market cap of $24.60 billion, a price-to-earnings ratio of 221.32, a PEG ratio of 0.48 and a beta of 0.63.

Omnicom Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 9th. Stockholders of record on Friday, September 18th will be paid a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a dividend yield of 3.7%. The ex-dividend date of this dividend is Friday, September 18th. Omnicom Group’s payout ratio is currently 820.51%.

Wall Street Analyst Weigh In

Several brokerages recently commented on OMC. Weiss Ratings reissued a “hold (c-)” rating on shares of Omnicom Group in a research note on Friday, May 22nd. Morgan Stanley upped their price target on shares of Omnicom Group from $82.00 to $83.00 and gave the stock an “equal weight” rating in a report on Friday, May 1st. Citigroup reduced their price objective on Omnicom Group from $115.00 to $105.00 and set a “buy” rating on the stock in a research report on Thursday, April 30th. The Goldman Sachs Group began coverage on Omnicom Group in a report on Wednesday, June 3rd. They set a “buy” rating and a $146.00 price target on the stock. Finally, Rothschild & Co Redburn began coverage on shares of Omnicom Group in a report on Thursday, May 28th. They issued a “neutral” rating and a $89.00 price objective for the company. Four research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $99.38.

Institutional Investors Weigh In On Omnicom Group

Several hedge funds and other institutional investors have recently bought and sold shares of OMC. EFG International AG bought a new position in shares of Omnicom Group during the 4th quarter worth about $28,000. Caitlin John LLC raised its stake in Omnicom Group by 4,675.0% during the 4th quarter. Caitlin John LLC now owns 382 shares of the business services provider’s stock worth $31,000 after buying an additional 374 shares during the period. Wealth Watch Advisors INC bought a new position in Omnicom Group in the third quarter worth approximately $34,000. DV Equities LLC acquired a new stake in Omnicom Group in the fourth quarter valued at approximately $36,000. Finally, CYBER HORNET ETFs LLC bought a new stake in shares of Omnicom Group during the second quarter valued at approximately $37,000. 91.97% of the stock is owned by institutional investors.

About Omnicom Group

Omnicom Group Inc (NYSE: OMC) is a global marketing and corporate communications holding company headquartered in New York City. Founded in 1986 through the merger of the BBDO, DDB and Needham Harper agencies, Omnicom has built a portfolio of leading brands and networks serving clients across diverse industries.

The company’s primary business activities encompass advertising, strategic media planning and buying, digital and interactive marketing, direct and promotional marketing, public relations, and customer relationship management.