Omnicom Group Inc. (OMC) to Distribute Quarterly Dividend of $0.80 on October 9th

Omnicom Group Inc. (NYSE:OMC) declared a quarterly dividend on Thursday, July 16th. Shareholders of record on Friday, September 18th will be given a dividend of 0.80 per share by the business services provider on Friday, October 9th. This represents a c) dividend on an annualized basis and a yield of 3.9%. The ex-dividend date is Friday, September 18th.

Omnicom Group has raised its dividend payment by an average of 0.0%annually over the last three years. Omnicom Group has a dividend payout ratio of 36.0% meaning its dividend is sufficiently covered by earnings. Analysts expect Omnicom Group to earn $12.53 per share next year, which means the company should continue to be able to cover its $3.20 annual dividend with an expected future payout ratio of 25.5%.

Omnicom Group Stock Down 2.9%

Shares of Omnicom Group stock opened at $81.72 on Friday. Omnicom Group has a 1-year low of $66.33 and a 1-year high of $87.17. The company has a market capitalization of $23.29 billion, a PE ratio of 209.53, a P/E/G ratio of 0.50 and a beta of 0.63. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.91 and a quick ratio of 0.77. The business has a 50-day moving average of $75.79 and a 200-day moving average of $76.81.

Omnicom Group (NYSE:OMC) last issued its quarterly earnings results on Wednesday, April 29th. The business services provider reported $1.90 EPS for the quarter, beating analysts’ consensus estimates of $1.84 by $0.06. Omnicom Group had a return on equity of 24.48% and a net margin of 0.32%.The firm had revenue of $6.24 billion during the quarter, compared to the consensus estimate of $5.85 billion. During the same quarter in the prior year, the business posted $1.70 earnings per share. Omnicom Group’s revenue for the quarter was up 69.2% on a year-over-year basis. As a group, equities analysts forecast that Omnicom Group will post 10.97 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have recently weighed in on OMC. UBS Group lifted their price target on shares of Omnicom Group from $108.00 to $114.00 and gave the stock a “buy” rating in a research note on Friday, March 20th. The Goldman Sachs Group initiated coverage on shares of Omnicom Group in a research note on Wednesday, June 3rd. They set a “buy” rating and a $146.00 price objective on the stock. Rothschild & Co Redburn began coverage on shares of Omnicom Group in a report on Thursday, May 28th. They set a “neutral” rating and a $89.00 price objective for the company. Argus raised shares of Omnicom Group to a “hold” rating in a research report on Thursday, March 26th. Finally, Morgan Stanley upped their target price on shares of Omnicom Group from $82.00 to $83.00 and gave the company an “equal weight” rating in a research note on Friday, May 1st. Four analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $99.38.

Omnicom Group Company Profile

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.