Omnicom Group Inc. (NYSE:OMC) announced a quarterly dividend on Monday, July 15th, RTT News reports. Stockholders of record on Friday, September 20th will be given a dividend of 0.65 per share by the business services provider on Thursday, October 10th. This represents a $2.60 dividend on an annualized basis and a dividend yield of 3.09%.
Omnicom Group has raised its dividend payment by an average of 6.3% per year over the last three years and has raised its dividend every year for the last 9 years. Omnicom Group has a dividend payout ratio of 46.6% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Omnicom Group to earn $6.28 per share next year, which means the company should continue to be able to cover its $2.60 annual dividend with an expected future payout ratio of 41.4%.
Shares of NYSE:OMC opened at $84.02 on Wednesday. The company has a debt-to-equity ratio of 1.89, a current ratio of 0.88 and a quick ratio of 0.79. The stock has a 50 day moving average price of $81.10. The firm has a market capitalization of $18.49 billion, a price-to-earnings ratio of 14.53, a PEG ratio of 2.82 and a beta of 0.71. Omnicom Group has a 1 year low of $65.85 and a 1 year high of $85.05.
Omnicom Group (NYSE:OMC) last issued its quarterly earnings results on Tuesday, April 16th. The business services provider reported $1.17 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.08 by $0.09. The firm had revenue of $3.47 billion for the quarter, compared to analyst estimates of $3.51 billion. Omnicom Group had a return on equity of 44.01% and a net margin of 8.76%. The business’s revenue was down 4.4% on a year-over-year basis. During the same period in the previous year, the company posted $1.14 earnings per share. On average, analysts forecast that Omnicom Group will post 5.94 earnings per share for the current year.
In other Omnicom Group news, Director Linda Johnson Rice sold 497 shares of the business’s stock in a transaction on Thursday, April 18th. The stock was sold at an average price of $83.59, for a total transaction of $41,544.23. Following the transaction, the director now owns 8,161 shares of the company’s stock, valued at $682,177.99. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Andrew Castellaneta sold 4,400 shares of the business’s stock in a transaction on Wednesday, April 24th. The stock was sold at an average price of $80.24, for a total value of $353,056.00. The disclosure for this sale can be found here. Insiders have sold 70,354 shares of company stock worth $5,642,219 in the last three months. 1.10% of the stock is currently owned by corporate insiders.
A number of analysts have recently issued reports on OMC shares. BMO Capital Markets lowered Omnicom Group from an “outperform” rating to a “market perform” rating and lowered their price target for the stock from $88.00 to $86.00 in a research note on Sunday. 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. Eight equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Omnicom Group has a consensus rating of “Hold” and an average price target of $78.88.
Omnicom Group Company Profile
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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