Omnicom Group (OMC) Earning Somewhat Positive News Coverage, Study Shows
News coverage about Omnicom Group (NYSE:OMC) has been trending somewhat positive this week, Accern reports. The research firm rates the sentiment of press coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Omnicom Group earned a media sentiment score of 0.10 on Accern’s scale. Accern also assigned news articles about the business services provider an impact score of 46.2902820862133 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
These are some of the media stories that may have effected Accern’s rankings:
- Two Stocks are not to be skipped: Omnicom Group Inc. (OMC), Hologic, Inc. (HOLX) – Market Movers (financialqz.com)
- McDonald’s ad agency abruptly gets a new top executive (finance.yahoo.com)
- Notable Stocks Trending Alert: Omnicom Group Inc., (NYSE: OMC), Coca-Cola European Partners plc, (NYSE: CCE … – Stocks In The News (press release) (tradingnewsnow.com)
- Here’s What Long-Term Traders Should Know – Omnicom Group Inc., (NYSE: OMC) – Stock Watch (stocksnewstimes.com)
- Omnicom Agencies Prevail at Campaign Annual Awards (finance.yahoo.com)
Omnicom Group (NYSE:OMC) traded up $0.39 during mid-day trading on Friday, hitting $73.48. The company had a trading volume of 3,270,000 shares, compared to its average volume of 2,660,000. The company has a debt-to-equity ratio of 1.62, a quick ratio of 0.79 and a current ratio of 0.90. The firm has a market cap of $16,940.00, a price-to-earnings ratio of 14.71, a P/E/G ratio of 1.95 and a beta of 1.23. Omnicom Group has a twelve month low of $65.32 and a twelve month high of $89.66.
Omnicom Group (NYSE:OMC) last posted its quarterly earnings results on Tuesday, October 17th. The business services provider reported $1.13 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.10 by $0.03. The business had revenue of $3.72 billion for the quarter, compared to analyst estimates of $3.69 billion. Omnicom Group had a return on equity of 42.11% and a net margin of 7.72%. The business’s revenue was down 1.9% compared to the same quarter last year. During the same period in the prior year, the company posted $1.06 EPS. equities research analysts forecast that Omnicom Group will post 5.11 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, January 9th. Investors of record on Tuesday, December 19th will be given a dividend of $0.60 per share. This is a positive change from Omnicom Group’s previous quarterly dividend of $0.55. This represents a $2.40 annualized dividend and a dividend yield of 3.27%. The ex-dividend date of this dividend is Monday, December 18th. Omnicom Group’s dividend payout ratio is currently 43.82%.
A number of equities analysts have issued reports on OMC shares. Royal Bank Of Canada set a $96.00 target price on Omnicom Group and gave the company a “buy” rating in a research report on Wednesday, August 23rd. Zacks Investment Research raised Omnicom Group from a “hold” rating to a “buy” rating and set a $83.00 target price on the stock in a research report on Friday, October 13th. Argus raised Omnicom Group from a “hold” rating to a “buy” rating in a research report on Tuesday, October 31st. TheStreet lowered Omnicom Group from a “b-” rating to a “c+” rating in a research report on Tuesday, November 21st. Finally, BMO Capital Markets reaffirmed a “hold” rating and issued a $85.00 target price on shares of Omnicom Group in a research report on Wednesday, October 18th. Three analysts have rated the stock with a sell rating, twelve have given a hold rating and three have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $84.00.
In related news, Director Linda Johnson Rice sold 489 shares of the company’s stock in a transaction that occurred on Thursday, October 19th. The stock was sold at an average price of $74.32, for a total transaction of $36,342.48. Following the sale, the director now directly owns 7,777 shares of the company’s stock, valued at approximately $577,986.64. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 1.10% of the company’s stock.
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About Omnicom Group
Omnicom Group Inc is a holding company. The Company provides advertising, marketing and corporate communications services. The Company’s branded networks and agencies operate in all markets around the world and provide a range of services, which it groups into four disciplines: advertising, customer relationship management (CRM), public relations and specialty communications.
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