Omnicom Group Inc. (OMC) to Issue Quarterly Dividend of $0.80 on October 9th

Omnicom Group Inc. (NYSE:OMC) declared a quarterly dividend on Thursday, July 16th. Investors of record on Friday, September 18th will be given a dividend of 0.80 per share by the business services provider on Friday, October 9th. This represents a c) annualized dividend and a dividend yield of 4.0%. The ex-dividend date is Friday, September 18th.

Omnicom Group has raised its dividend payment by an average of 0.0%annually over the last three years. Omnicom Group has a payout ratio of 36.0% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Omnicom Group to earn $11.34 per share next year, which means the company should continue to be able to cover its $3.20 annual dividend with an expected future payout ratio of 28.2%.

Omnicom Group Stock Performance

NYSE OMC opened at $79.80 on Wednesday. The company has a quick ratio of 0.78, a current ratio of 0.92 and a debt-to-equity ratio of 0.97. The company has a market capitalization of $21.89 billion, a P/E ratio of 68.79, a P/E/G ratio of 0.69 and a beta of 0.65. Omnicom Group has a 12-month low of $66.33 and a 12-month high of $89.57. The firm has a 50-day moving average price of $83.24 and a two-hundred day moving average price of $78.86.

Omnicom Group (NYSE:OMC) last announced its earnings results on Tuesday, July 28th. The business services provider reported $2.65 EPS for the quarter, missing the consensus estimate of $2.67 by ($0.02). Omnicom Group had a return on equity of 24.73% and a net margin of 1.74%.The business had revenue of $6.56 billion for the quarter, compared to the consensus estimate of $6.44 billion. During the same period in the prior year, the business posted $2.05 earnings per share. The firm’s revenue for the quarter was up 63.4% compared to the same quarter last year. Analysts anticipate that Omnicom Group will post 10.35 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the company. Argus upgraded Omnicom Group to a “hold” rating in a research note on Monday. Rothschild & Co Redburn initiated coverage on Omnicom Group in a research report on Thursday, May 28th. They set a “neutral” rating and a $89.00 target price for the company. Zacks Research lowered Omnicom Group from a “hold” rating to a “strong sell” rating in a report on Thursday, July 30th. Weiss Ratings upgraded Omnicom Group from a “hold (c-)” rating to a “hold (c)” rating in a research report on Thursday, July 30th. Finally, Citigroup dropped their price target on Omnicom Group from $105.00 to $100.00 and set a “buy” rating for the company in a research note on Thursday, July 30th. Four investment analysts have rated the stock with a Buy rating, five have given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $99.00.

Omnicom Group Company Profile

Omnicom Group Inc (NYSE: OMC) is a global marketing and communications holding company. Through a network of agencies and specialized businesses, it provides advertising, branding, media planning and buying, public relations, customer relationship management, digital marketing, experiential marketing and healthcare communications services.

Omnicom’s agency brands have included BBDO Worldwide, DDB Worldwide, TBWA\Worldwide, Omnicom Media Group, FleishmanHillard and Ketchum. These businesses serve clients across industries, including consumer products, healthcare, technology, financial services, automotive and telecommunications, helping organizations develop brand strategies, create campaigns and engage audiences through traditional and digital channels.

Omnicom was formed in 1986 through the merger of advertising companies BBDO, Doyle Dane Bernbach and Needham Harper Worldwide.