Omnicom Group Inc. (NYSE:OMC):
Omnicom Group Schedules Second Quarter and Year-to-Date 2017 Earnings Release and Conference Call.
The company is now down by -0.36% since yesterday’s close of $80.69.
Additionally Omnicom Group Inc. announced a dividend for shareholders that was paid on Wednesday the 12th of July 2017. The dividend was $0.550 per share for the quarter or $2.20 annualized. This dividend amount was represent a yeild of $2.70. The ex-dividend date was Monday the 12th of June 2017.
Omnicom Group Inc., launched on November 17, 1944, is a holding company. The Company provides advertising, marketing and corporate communications services. The Business’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. The Company caters to various industry sectors, such as food and beverage, consumer products, pharmaceuticals and healthcare, financial services, technology, travel and entertainment, telecommunications and retail..
Shares are trading at $80.40 just a bit lower than $82.87, the stock’s 50 day moving average and marginally under the 200 day moving average of $84.58. The 50 day moving average was down $-2.47 or -2.98% and the 200 day average went down by -4.94%.
The most current P/E ratio is 16.39 and the market cap is 18.71B. In the latest earnings report the EPS was $4.91 and is projected to be $5.05 for the current year with 232,744,000 shares presently outstanding. Next quarter’s EPS is estimated at $1.10 with next year’s EPS anticipated to be $5.40.
Several Wall Street investment firms have issued ratings on Omnicom Group Inc. of late. On June 6 the company was downgraded to “Neutral” from “” with a current price target of $83.00 in a statement from Macquarie. starting coverage on the stock with an initial rating of “Sector Perform”.
Equity analyst RBC Capital started covering the stock setting a rating of “Equal-weight” and price target of $90.00. On April 20 the stock rating was downgraded from “Overweight” to “Equal-weight” and a price target of $90.00 was set in a report from Barclays.
Barclays both downgraded the stock and raised the price target on April 20 changing the price objective from $84.00 to $90.00 and changing the rating from “Overweight” to “Equal-weight”. On April 14, 2016 the stock rating was set at “Market Perform” in a report from Wells Fargo which was a cut from the previous “Outperform” rating.