Omnicom Group (OMC) Getting Positive Media Coverage, Study Shows
Headlines about Omnicom Group (NYSE:OMC) have been trending positive on Tuesday, according to Accern Sentiment Analysis. Accern identifies positive and negative media coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Omnicom Group earned a news impact score of 0.29 on Accern’s scale. Accern also assigned media coverage about the business services provider an impact score of 47.0292091768187 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
Here are some of the news headlines that may have impacted Accern’s rankings:
- Hug Worthy Win: Build-A-Bear Workshop Selects FleishmanHillard to Support 20th Birthday Celebration (finance.yahoo.com)
- Edited Transcript of OMC earnings conference call or presentation 20-Jul-17 12:30pm GMT (finance.yahoo.com)
- MDC Partners (MDCA) vs. Omnicom Group (NYSE:OMC) Head-To-Head Survey (americanbankingnews.com)
- IHS Markit Score Update: Rise in demand for ETFs holding Omnicom Group Inc is a positive for its shares (finance.yahoo.com)
- MDC Partners (MDCA) versus Omnicom Group (OMC) Head to Head Survey (americanbankingnews.com)
Omnicom Group (OMC) traded down 0.14% during trading on Tuesday, hitting $78.29. 895,710 shares of the stock traded hands. The company has a 50-day moving average price of $80.52 and a 200 day moving average price of $83.25. Omnicom Group has a one year low of $77.50 and a one year high of $89.66. The stock has a market cap of $18.07 billion, a PE ratio of 15.81 and a beta of 1.25.
Omnicom Group (NYSE:OMC) last issued its quarterly earnings data on Thursday, July 20th. The business services provider reported $1.40 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.38 by $0.02. The company had revenue of $3.79 billion during the quarter, compared to analysts’ expectations of $3.74 billion. Omnicom Group had a return on equity of 42.54% and a net margin of 7.61%. The business’s revenue was down 2.4% on a year-over-year basis. During the same period last year, the business earned $1.36 earnings per share. Analysts expect that Omnicom Group will post $5.08 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 10th. Shareholders of record on Friday, September 22nd will be issued a dividend of $0.55 per share. The ex-dividend date is Thursday, September 21st. This represents a $2.20 dividend on an annualized basis and a dividend yield of 2.81%. Omnicom Group’s payout ratio is presently 44.44%.
Several research firms have weighed in on OMC. Evercore ISI began coverage on shares of Omnicom Group in a research note on Monday, April 17th. They set an “in-line” rating and a $91.00 target price for the company. They noted that the move was a valuation call. Macquarie lowered shares of Omnicom Group from an “outperform” rating to a “neutral” rating and lowered their target price for the company from $90.00 to $83.00 in a research note on Tuesday, June 6th. Zacks Investment Research lowered shares of Omnicom Group from a “hold” rating to a “sell” rating in a research note on Friday, April 21st. Barclays PLC reiterated a “hold” rating and set a $86.00 target price on shares of Omnicom Group in a research note on Thursday, April 20th. Finally, Wedbush lowered their target price on shares of Omnicom Group from $90.00 to $89.00 and set a “neutral” rating for the company in a research note on Wednesday, April 19th. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and one has assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $86.00.
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In other Omnicom Group news, Chairman Bruce Crawford sold 22,800 shares of Omnicom Group stock in a transaction on Thursday, June 1st. The stock was sold at an average price of $84.91, for a total transaction of $1,935,948.00. Following the completion of the transaction, the chairman now directly owns 105,250 shares of the company’s stock, valued at $8,936,777.50. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Linda Johnson Rice sold 483 shares of Omnicom Group stock in a transaction on Monday, July 24th. The shares were sold at an average price of $82.19, for a total value of $39,697.77. Following the transaction, the director now directly owns 7,724 shares of the company’s stock, valued at $634,835.56. The disclosure for this sale can be found here. Over the last three months, insiders have sold 24,183 shares of company stock valued at $2,046,845. Company insiders own 1.10% of the company’s stock.
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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