Omnicom Group Inc. Common Stock (NYSE:OMC):
Omnicom Group Reports Third Quarter and Year-to-Date 2016 Results.
The company is so far trading up since yesterday’s close of $79.12.
Additionally the company recently announced a dividend for shareholders paid on Monday the 10th of October 2016. The dividend payment was $0.550 per share for the quarter or $2.20 on an annualized basis. This dividend amount represented a yeild of $2.76. The ex-dividend date was Tuesday the 20th of September 2016.
Company chares are trading at $79.65 a tad under $82.81, the 50 day moving average and which is slightly below the 200 day moving average of $83.19. The 50 day moving average went down by -3.82% and the 200 day average moved down $-3.54.
The P/E ratio is currently 17.07 and the market value is 18.79B. As of the last earnings report the EPS was $4.66 and is estimated to be $4.75 for the current year with 235,880,000 shares now outstanding. Next quarter’s EPS is estimated at $0.96 with next year’s EPS projected to be $5.09.
Wall Street investment firms have weighed in on the company. On October 7 analysts at initiated coverage on OMC giving it an initial rating of “Sector Perform”. RBC Capital started covering OMC with an initial rating of “Equal-weight” and price target of $90.00.
On April 20 the company was downgraded from “Overweight” to “Equal-weight” and a price target of $90.00 was set in a statement from Barclays. Equity analyst Barclays both downgraded the stock and raised the price target on April 20 boosting the price target from $84.00 to $90.00 and cutting the rating from “Overweight” to “Equal-weight”.
On April 14 the stock rating was downgraded to “Market Perform” from “Outperform” by Wells Fargo. March 21 investment analysts at JP Morgan maintained a stock rating of “Overweight” and raised the price expectation from $84.00 to $89.00.