Somewhat Favorable Media Coverage Somewhat Unlikely to Impact Omnicom Group (OMC) Share Price
News stories about Omnicom Group (NYSE:OMC) have been trending somewhat positive recently, Accern Sentiment Analysis reports. The research group identifies positive and negative media coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Omnicom Group earned a coverage optimism score of 0.07 on Accern’s scale. Accern also gave media stories about the business services provider an impact score of 46.6199157036291 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
Here are some of the media stories that may have effected Accern Sentiment Analysis’s rankings:
- Social Reality (SRAX) versus Omnicom Group (OMC) Financial Contrast (americanbankingnews.com)
- Head to Head Comparison: Omnicom Group (OMC) & Millennial Media (MM) (americanbankingnews.com)
- Omnicom Group: New 52-Week Low Set Today (OMC) (mysmartrend.com)
- FleishmanHillard Appoints John Isaf as General Manager of Boston Office (finance.yahoo.com)
- Omnicom Group Inc. (OMC) Receives Consensus Recommendation of “Hold” from Analysts (americanbankingnews.com)
Shares of Omnicom Group (NYSE OMC) traded up 0.10% during trading on Thursday, hitting $72.38. 3,040,023 shares of the stock were exchanged. The stock has a market cap of $16.70 billion, a P/E ratio of 14.62 and a beta of 1.25. The stock has a 50-day moving average of $78.09 and a 200 day moving average of $82.36. Omnicom Group has a 12-month low of $71.80 and a 12-month high of $89.66. Omnicom Group also was the target of unusually large options trading activity on Tuesday. Traders acquired 6,021 put options on the stock. This is an increase of approximately 638% compared to the typical volume of 816 put options.
Omnicom Group (NYSE:OMC) last posted its quarterly earnings data on Thursday, July 20th. The business services provider reported $1.40 earnings per share for the quarter, topping the consensus estimate of $1.38 by $0.02. The business had revenue of $3.79 billion during the quarter, compared to the consensus estimate of $3.74 billion. Omnicom Group had a net margin of 7.61% and a return on equity of 42.54%. The company’s quarterly revenue was down 2.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.36 earnings per share. Equities analysts predict that Omnicom Group will post $5.08 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 10th. Investors of record on Friday, September 22nd will be issued a $0.55 dividend. This represents a $2.20 annualized dividend and a yield of 3.04%. The ex-dividend date of this dividend is Thursday, September 21st. Omnicom Group’s payout ratio is currently 44.44%.
A number of brokerages have commented on OMC. Royal Bank Of Canada set a $96.00 price objective on shares of Omnicom Group and gave the stock a “buy” rating in a research report on Saturday, July 22nd. Zacks Investment Research downgraded shares of Omnicom Group from a “buy” rating to a “hold” rating in a research report on Monday, July 31st. Macquarie downgraded shares of Omnicom Group from an “outperform” rating to a “neutral” rating and cut their price objective for the stock from $90.00 to $83.00 in a research report on Tuesday, June 6th. Jefferies Group LLC restated a “hold” rating and set a $82.00 price objective on shares of Omnicom Group in a research report on Friday, July 14th. Finally, BidaskClub downgraded shares of Omnicom Group from a “hold” rating to a “sell” rating in a research report on Wednesday, July 12th. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and one has assigned a buy rating to the stock. Omnicom Group presently has an average rating of “Hold” and an average target price of $86.00.
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In related news, Director Linda Johnson Rice sold 483 shares of the company’s stock in a transaction dated Monday, July 24th. The shares were sold at an average price of $82.19, for a total value of $39,697.77. Following the completion of the sale, the director now owns 7,724 shares of the company’s stock, valued at $634,835.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Treasurer Dennis E. Hewitt sold 900 shares of the company’s stock in a transaction dated Wednesday, July 26th. The stock was sold at an average price of $79.11, for a total transaction of $71,199.00. Following the completion of the sale, the treasurer now directly owns 44,161 shares of the company’s stock, valued at approximately $3,493,576.71. The disclosure for this sale can be found here. Corporate insiders own 1.10% of the company’s stock.
Omnicom Group Company Profile
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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