Omnicom Group (OMC) Getting Somewhat Positive Press Coverage, Report Shows

Press coverage about Omnicom Group (NYSE:OMC) has been trending somewhat positive on Wednesday, Accern Sentiment reports. The research group ranks the sentiment of media coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Omnicom Group earned a media sentiment score of 0.15 on Accern’s scale. Accern also assigned news articles about the business services provider an impact score of 46.092411293397 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.

Here are some of the media stories that may have effected Accern Sentiment Analysis’s rankings:

Omnicom Group stock opened at $75.07 on Wednesday. Omnicom Group has a twelve month low of $65.32 and a twelve month high of $83.95. The company has a market cap of $17.14 billion, a PE ratio of 14.72, a P/E/G ratio of 2.32 and a beta of 1.14. The company has a quick ratio of 0.81, a current ratio of 0.91 and a debt-to-equity ratio of 1.52.

Omnicom Group (NYSE:OMC) last released its earnings results on Tuesday, April 17th. The business services provider reported $1.14 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.06 by $0.08. The firm had revenue of $3.63 billion during the quarter, compared to the consensus estimate of $3.63 billion. Omnicom Group had a net margin of 7.25% and a return on equity of 39.97%. The company’s revenue was up 1.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.02 EPS. equities analysts expect that Omnicom Group will post 5.63 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 12th. Investors of record on Thursday, June 14th will be paid a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a dividend yield of 3.20%. The ex-dividend date of this dividend is Wednesday, June 13th. Omnicom Group’s payout ratio is currently 47.06%.

A number of equities research analysts have issued reports on OMC shares. Atlantic Securities raised shares of Omnicom Group from an “underweight” rating to a “neutral” rating in a research report on Friday, March 2nd. Zacks Investment Research raised shares of Omnicom Group from a “hold” rating to a “buy” rating and set a $82.00 price objective for the company in a research report on Tuesday, March 20th. Pivotal Research reduced their price objective on shares of Omnicom Group from $75.00 to $72.00 and set a “hold” rating for the company in a research report on Tuesday, April 3rd. Barclays set a $84.00 price objective on shares of Omnicom Group and gave the stock a “hold” rating in a research report on Wednesday, April 18th. Finally, Morgan Stanley reduced their target price on shares of Omnicom Group from $76.00 to $73.00 and set an “underweight” rating for the company in a research report on Wednesday, May 23rd. Six equities research analysts have rated the stock with a sell rating, nine have given a hold rating and three have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $79.58.

In related news, Director Linda Johnson Rice sold 499 shares of the company’s stock in a transaction that occurred on Thursday, April 19th. The shares were sold at an average price of $75.31, for a total transaction of $37,579.69. Following the sale, the director now directly owns 7,900 shares in the company, valued at approximately $594,949. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 1.20% of the company’s stock.

Omnicom Group Company Profile

Omnicom Group Inc, together with its subsidiaries, provides advertising, marketing, and corporate communications services. The company offers a range of services in the areas of advertising, customer relationship management, public relations, and healthcare. Its services comprises advertising, branding, content marketing, corporate social responsibility consulting, crisis communication, custom publishing, data analytics, database management, digital/direct marketing, digital transformation, financial/corporate business-to-business advertising, graphic arts/digital imaging, healthcare marketing and communications, and instore design services.

Insider Buying and Selling by Quarter for Omnicom Group (NYSE:OMC)

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