Headlines about Omnicom Group (NYSE:OMC) have trended somewhat positive recently, Accern reports. Accern ranks the sentiment of news coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Omnicom Group earned a coverage optimism score of 0.19 on Accern’s scale. Accern also assigned news stories about the business services provider an impact score of 46.4918538954451 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
These are some of the news stories that may have impacted Accern’s scoring:
- Why Omnicom Group is a Top Socially Responsible Dividend Stock (OMC) (nasdaq.com)
- Omnicom’s (OMC) Unit Completes Purchase of Levo Digital (finance.yahoo.com)
- Omnicom's (OMC) Unit Completes Purchase of Levo Digital (finance.yahoo.com)
- Why is Omnicom (OMC) Down 3.5% Since its Last Earnings Report? (finance.yahoo.com)
- Zacks: Brokerages Expect Omnicom Group Inc. (OMC) Will Post Quarterly Sales of $3.70 Billion (americanbankingnews.com)
Several research analysts have recently commented on the stock. Zacks Investment Research raised shares of Omnicom Group from a “sell” rating to a “hold” rating in a report on Friday, July 6th. ValuEngine cut shares of Omnicom Group from a “hold” rating to a “sell” rating in a report on Wednesday, May 23rd. Morgan Stanley lowered their target price on shares of Omnicom Group from $76.00 to $73.00 and set an “underweight” rating on the stock in a report on Wednesday, May 23rd. Moffett Nathanson assumed coverage on shares of Omnicom Group in a report on Tuesday, June 19th. They set a “sell” rating and a $63.00 target price on the stock. Finally, Royal Bank of Canada lowered their target price on shares of Omnicom Group to $75.00 and set a “$70.60” rating on the stock in a report on Wednesday, July 18th. Four investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and two have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $78.08.
Shares of NYSE:OMC opened at $68.59 on Friday. The company has a market capitalization of $15.22 billion, a P/E ratio of 13.45, a PEG ratio of 2.17 and a beta of 1.10. The company has a current ratio of 0.89, a quick ratio of 0.78 and a debt-to-equity ratio of 1.70. Omnicom Group has a 1 year low of $65.32 and a 1 year high of $83.34.
Omnicom Group (NYSE:OMC) last announced its quarterly earnings data on Tuesday, July 17th. The business services provider reported $1.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.54 by $0.06. The business had revenue of $3.86 billion for the quarter, compared to analysts’ expectations of $3.88 billion. Omnicom Group had a net margin of 7.45% and a return on equity of 40.82%. The firm’s quarterly revenue was up 1.8% compared to the same quarter last year. During the same period last year, the firm posted $1.40 earnings per share. equities analysts predict that Omnicom Group will post 5.58 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 10th. Investors of record on Friday, September 21st will be paid a $0.60 dividend. The ex-dividend date is Thursday, September 20th. This represents a $2.40 dividend on an annualized basis and a yield of 3.50%. Omnicom Group’s dividend payout ratio (DPR) is 47.06%.
In related news, Director Linda Johnson Rice sold 475 shares of Omnicom Group stock in a transaction that occurred on Thursday, July 19th. The shares were sold at an average price of $70.02, for a total value of $33,259.50. Following the transaction, the director now directly owns 7,966 shares of the company’s stock, valued at $557,779.32. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders sold 1,075 shares of company stock worth $74,289 over the last three months. 1.20% of the stock is currently owned by insiders.
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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