Omnicom Group Inc. (NYSE:OMC) declared a quarterly dividend on Tuesday, May 22nd, RTT News reports. Stockholders of record on Thursday, June 14th will be paid a dividend of 0.60 per share by the business services provider on Thursday, July 12th. This represents a $2.40 annualized dividend and a dividend yield of 3.18%. The ex-dividend date of this dividend is Wednesday, June 13th.
Omnicom Group has increased its dividend by an average of 6.9% annually over the last three years and has raised its dividend every year for the last 8 years. Omnicom Group has a dividend payout ratio of 47.0% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Omnicom Group to earn $5.92 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 40.5%.
Shares of Omnicom Group traded up $0.96, hitting $75.37, on Thursday, Marketbeat Ratings reports. 2,751,500 shares of the company traded hands, compared to its average volume of 2,271,601. Omnicom Group has a 52 week low of $65.32 and a 52 week high of $84.16. The company has a debt-to-equity ratio of 1.52, a current ratio of 0.91 and a quick ratio of 0.81. The company has a market capitalization of $17.07 billion, a PE ratio of 14.78, a PEG ratio of 2.31 and a beta of 1.14.
Omnicom Group (NYSE:OMC) last issued its quarterly earnings results on Tuesday, April 17th. The business services provider reported $1.14 earnings per share for the quarter, beating the consensus estimate of $1.06 by $0.08. Omnicom Group had a return on equity of 39.97% and a net margin of 7.25%. The firm had revenue of $3.63 billion during the quarter, compared to the consensus estimate of $3.63 billion. During the same period last year, the company earned $1.02 earnings per share. The company’s revenue was up 1.2% on a year-over-year basis. sell-side analysts anticipate that Omnicom Group will post 5.63 earnings per share for the current fiscal year.
OMC has been the subject of several research analyst reports. Atlantic Securities upgraded Omnicom Group from an “underweight” rating to a “neutral” rating in a report on Friday, March 2nd. Royal Bank of Canada downgraded Omnicom Group from an “outperform” rating to a “sector perform” rating and set a $83.00 price objective for the company. in a report on Friday, February 16th. Zacks Investment Research downgraded Omnicom Group from a “buy” rating to a “hold” rating in a report on Monday, March 26th. Pivotal Research reduced their price objective on Omnicom Group from $75.00 to $72.00 and set a “hold” rating for the company in a report on Tuesday, April 3rd. Finally, Barclays set a $84.00 price objective on Omnicom Group and gave the stock a “hold” rating in a report on Wednesday, April 18th. Four investment analysts have rated the stock with a sell rating, ten have given a hold rating and three have issued a buy rating to the stock. Omnicom Group currently has a consensus rating of “Hold” and a consensus target price of $81.09.
In other Omnicom Group news, Director Linda Johnson Rice sold 499 shares of the firm’s stock in a transaction dated Thursday, April 19th. The stock was sold at an average price of $75.31, for a total value of $37,579.69. Following the transaction, the director now directly owns 7,900 shares of the company’s stock, valued at $594,949. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 1.20% of the company’s stock.
Omnicom Group Company Profile
Omnicom Group Inc, together with its subsidiaries, provides advertising, marketing, and corporate communications services. The company offers a range of services in the areas of advertising, customer relationship management, public relations, and healthcare. Its services comprises advertising, branding, content marketing, corporate social responsibility consulting, crisis communication, custom publishing, data analytics, database management, digital/direct marketing, digital transformation, financial/corporate business-to-business advertising, graphic arts/digital imaging, healthcare marketing and communications, and instore design services.
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