Media coverage about Omnicom Group (NYSE:OMC) has been trending somewhat positive on Thursday, according to Accern Sentiment. The research firm identifies negative and positive media coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Omnicom Group earned a media sentiment score of 0.19 on Accern’s scale. Accern also gave news headlines about the business services provider an impact score of 46.3082474464461 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
These are some of the news stories that may have impacted Accern Sentiment’s rankings:
NYSE OMC traded down $0.38 during trading hours on Thursday, hitting $71.65. 1,118,135 shares of the company traded hands, compared to its average volume of 2,558,879. Omnicom Group has a twelve month low of $65.32 and a twelve month high of $86.71. The stock has a market capitalization of $16,673.68, a PE ratio of 14.10, a price-to-earnings-growth ratio of 2.23 and a beta of 1.16. The company has a debt-to-equity ratio of 1.56, a quick ratio of 0.86 and a current ratio of 0.93.
Omnicom Group (NYSE:OMC) last released its quarterly earnings data on Thursday, February 15th. The business services provider reported $1.55 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.54 by $0.01. Omnicom Group had a return on equity of 40.67% and a net margin of 7.12%. The company had revenue of $4.18 billion during the quarter, compared to analysts’ expectations of $4.21 billion. During the same period last year, the firm posted $1.47 earnings per share. The business’s revenue was down 1.5% on a year-over-year basis. research analysts forecast that Omnicom Group will post 5.6 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Monday, April 9th. Investors of record on Friday, March 9th were issued a dividend of $0.60 per share. The ex-dividend date was Thursday, March 8th. This represents a $2.40 annualized dividend and a yield of 3.35%. Omnicom Group’s payout ratio is currently 47.06%.
Several equities research analysts have issued reports on the company. TheStreet upgraded Omnicom Group from a “c+” rating to a “b-” rating in a report on Tuesday, February 13th. Wells Fargo restated a “hold” rating and issued a $80.00 price target on shares of Omnicom Group in a report on Friday, February 16th. Pivotal Research lowered their price target on Omnicom Group from $76.00 to $75.00 and set a “hold” rating for the company in a report on Thursday, February 15th. BMO Capital Markets upgraded 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 report on Friday, February 16th. They noted that the move was a valuation call. Finally, Macquarie upgraded Omnicom Group from an “underperform” rating to a “neutral” rating and set a $77.00 price target for the company in a report on Friday, February 16th. Three research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and three have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $82.46.
In related news, Treasurer Dennis E. Hewitt sold 2,000 shares of Omnicom Group stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $77.38, for a total transaction of $154,760.00. Following the completion of the sale, the treasurer now directly owns 42,561 shares of the company’s stock, valued at approximately $3,293,370.18. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 1.10% of the company’s stock.
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About Omnicom Group
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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