Omnicom Group (OMC) Expected to Announce Earnings on Tuesday

Omnicom Group (NYSE:OMC) is expected to be posting its quarterly earnings results before the market opens on Tuesday, April 15th. Analysts expect Omnicom Group to post earnings of $1.60 per share and revenue of $3.73 billion for the quarter.

Omnicom Group (NYSE:OMC) last issued its quarterly earnings results on Tuesday, February 4th. The business services provider reported $2.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.38 by $0.03. Omnicom Group had a return on equity of 36.39% and a net margin of 9.44%. During the same period last year, the firm earned $2.20 EPS. On average, analysts expect Omnicom Group to post $8 EPS for the current fiscal year and $9 EPS for the next fiscal year.

Omnicom Group Stock Down 1.4 %

NYSE OMC opened at $71.54 on Tuesday. The business has a fifty day moving average price of $82.08 and a 200 day moving average price of $91.39. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.90 and a current ratio of 1.00. The company has a market cap of $14.06 billion, a P/E ratio of 9.60, a P/E/G ratio of 1.94 and a beta of 0.87. Omnicom Group has a one year low of $69.84 and a one year high of $107.00.

Omnicom Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 9th. Stockholders of record on Tuesday, March 11th will be given a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.91%. The ex-dividend date of this dividend is Tuesday, March 11th. Omnicom Group’s dividend payout ratio (DPR) is 37.58%.

Wall Street Analysts Forecast Growth

OMC has been the subject of several research reports. Macquarie reaffirmed an “outperform” rating and set a $120.00 price objective on shares of Omnicom Group in a research note on Wednesday, December 11th. Barclays dropped their price target on Omnicom Group from $121.00 to $110.00 and set an “overweight” rating for the company in a research report on Friday, January 24th. UBS Group reduced their price objective on Omnicom Group from $117.00 to $104.00 and set a “buy” rating on the stock in a research report on Thursday, March 20th. Argus cut Omnicom Group from a “buy” rating to a “hold” rating in a report on Friday, February 14th. Finally, Wells Fargo & Company reduced their price target on Omnicom Group from $110.00 to $99.00 and set an “equal weight” rating on the stock in a report on Tuesday, December 10th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and five have issued a buy rating to the company. According to MarketBeat, Omnicom Group has a consensus rating of “Hold” and a consensus target price of $104.43.

About Omnicom Group

Omnicom Group Inc, together with its subsidiaries, offers advertising, marketing, and corporate communications services. It provides a range of services in the areas of advertising and media, precision marketing, commerce and branding, experiential, execution and support, public relations, and healthcare.