Omnicom Group (NYSE:OMC) Posts Earnings Results, Beats Estimates By $0.07 EPS

Omnicom Group (NYSE:OMC - Get Free Report) released its earnings results on Tuesday. The business services provider reported $1.70 earnings per share for the quarter, beating analysts' consensus estimates of $1.63 by $0.07, Zacks reports. The business had revenue of $3.69 billion during the quarter, compared to the consensus estimate of $3.73 billion. Omnicom Group had a net margin of 9.44% and a return on equity of 36.39%.

Omnicom Group Stock Up 2.7 %

OMC stock traded up $1.92 during midday trading on Friday, hitting $73.16. The company's stock had a trading volume of 3,692,159 shares, compared to its average volume of 2,174,802. The firm has a 50-day simple moving average of $79.57 and a 200-day simple moving average of $89.47. The firm has a market capitalization of $14.38 billion, a P/E ratio of 9.82, a PEG ratio of 1.94 and a beta of 0.87. Omnicom Group has a 52-week low of $69.13 and a 52-week high of $107.00. The company has a quick ratio of 0.90, a current ratio of 1.00 and a debt-to-equity ratio of 1.27.

Omnicom Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 9th. Stockholders of record on Tuesday, March 11th were given a dividend of $0.70 per share. The ex-dividend date was Tuesday, March 11th. This represents a $2.80 annualized dividend and a dividend yield of 3.83%. Omnicom Group's dividend payout ratio is currently 38.30%.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the company. UBS Group decreased their price objective on Omnicom Group from $117.00 to $104.00 and set a "buy" rating for the company in a report on Thursday, March 20th. Citigroup restated a "buy" rating and set a $103.00 target price on shares of Omnicom Group in a report on Tuesday. Barclays lowered their target price on shares of Omnicom Group from $110.00 to $105.00 and set an "overweight" rating for the company in a report on Thursday. Argus cut shares of Omnicom Group from a "buy" rating to a "hold" rating in a report on Friday, February 14th. Finally, Wells Fargo & Company cut their target price on shares of Omnicom Group from $99.00 to $84.00 and set an "equal weight" rating for the company in a research report on Wednesday. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, Omnicom Group presently has an average rating of "Moderate Buy" and a consensus target price of $101.29.

About Omnicom Group

Omnicom Group Inc, together with its subsidiaries, offers advertising, marketing, and corporate communications services. It provides a range of services in the areas of advertising and media, precision marketing, commerce and branding, experiential, execution and support, public relations, and healthcare.