Omnicom Group Inc. (NYSE:OMC) announced a quarterly dividend on Thursday, February 15th, RTT News reports. Investors of record on Friday, March 9th will be paid a dividend of 0.60 per share by the business services provider on Monday, April 9th. This represents a $2.40 annualized dividend and a yield of 3.19%. The ex-dividend date is Thursday, March 8th.
Omnicom Group has increased its dividend payment by an average of 6.9% annually over the last three years and has increased its dividend annually for the last 8 consecutive years. Omnicom Group has a payout ratio of 47.0% meaning its dividend is sufficiently covered by earnings. Research analysts expect Omnicom Group to earn $6.06 per share next year, which means the company should continue to be able to cover its $2.40 annual dividend with an expected future payout ratio of 39.6%.
Omnicom Group (NYSE:OMC) opened at $75.34 on Wednesday. The company has a debt-to-equity ratio of 1.56, a current ratio of 0.93 and a quick ratio of 0.86. Omnicom Group has a 52-week low of $65.32 and a 52-week high of $86.71. The firm has a market cap of $17,472.71, a P/E ratio of 15.03, a price-to-earnings-growth ratio of 2.43 and a beta of 1.15.
Omnicom Group (NYSE:OMC) last released its quarterly earnings results on Thursday, February 15th. The business services provider reported $1.55 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.54 by $0.01. Omnicom Group had a net margin of 7.12% and a return on equity of 40.67%. The business had revenue of $4.18 billion for the quarter, compared to the consensus estimate of $4.21 billion. During the same period last year, the firm earned $1.47 earnings per share. The company’s quarterly revenue was down 1.5% on a year-over-year basis. sell-side analysts predict that Omnicom Group will post 5.6 EPS for the current fiscal year.
OMC has been the topic of several recent research reports. Wells Fargo & Co reiterated a “hold” rating and issued a $80.00 price target on shares of Omnicom Group in a research report on Friday, February 16th. TheStreet downgraded shares of Omnicom Group from a “b-” rating to a “c+” rating in a research report on Tuesday, November 21st. BMO Capital Markets upgraded shares of Omnicom Group from a “market perform” rating to an “outperform” rating and increased their price target for the stock from $80.00 to $90.00 in a research report on Friday, February 16th. They noted that the move was a valuation call. Royal Bank of Canada downgraded shares of Omnicom Group from an “outperform” rating to a “sector perform” rating and set a $83.00 price target on the stock. in a research report on Friday, February 16th. Finally, Morgan Stanley increased their price target on shares of Omnicom Group from $72.00 to $76.00 and gave the stock an “underweight” rating in a research report on Wednesday, January 31st. Three research analysts have rated the stock with a sell rating, thirteen have given a hold rating and three have issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $82.77.
In other news, insider Peter K. Sherman sold 8,310 shares of the firm’s stock in a transaction on Monday, December 11th. The shares were sold at an average price of $74.31, for a total transaction of $617,516.10. Following the sale, the insider now directly owns 21,271 shares in the company, valued at approximately $1,580,648.01. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Treasurer Dennis E. Hewitt sold 2,000 shares of the firm’s stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $77.38, for a total transaction of $154,760.00. Following the sale, the treasurer now owns 42,561 shares in the company, valued at $3,293,370.18. The disclosure for this sale can be found here. 1.10% of the stock is owned by company insiders.
Omnicom Group Company Profile
Omnicom Group Inc is a holding company. The Company provides advertising, marketing and corporate communications services. The Company’s branded networks and agencies operate in all markets around the world and provide a range of services, which it groups into four disciplines: advertising, customer relationship management (CRM), public relations and specialty communications.