Omnicom Group (OMC) Given Daily Coverage Optimism Rating of 0.25
News coverage about Omnicom Group (NYSE:OMC) has trended somewhat positive recently, Accern reports. The research firm identifies negative and positive press coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Omnicom Group earned a coverage optimism score of 0.25 on Accern’s scale. Accern also gave press coverage about the business services provider an impact score of 46.6465647392541 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
These are some of the media headlines that may have effected Accern Sentiment’s analysis:
- Head to Head Comparison: Criteo (CRTO) vs. Omnicom Group (OMC) (americanbankingnews.com)
- See what the IHS Markit Score report has to say about Omnicom Group Inc. (finance.yahoo.com)
- Porter Novelli Launches China Desk (finance.yahoo.com)
- ETFs with exposure to Omnicom Group, Inc. : August 15, 2017 (finance.yahoo.com)
- Hug Worthy Win: Build-A-Bear Workshop Selects FleishmanHillard to Support 20th Birthday Celebration (finance.yahoo.com)
Shares of Omnicom Group (NYSE:OMC) traded down 1.15% during midday trading on Friday, reaching $76.76. 1,402,601 shares of the company’s stock were exchanged. Omnicom Group has a one year low of $76.74 and a one year high of $89.66. The stock has a market cap of $17.71 billion, a price-to-earnings ratio of 15.50 and a beta of 1.25. The firm has a 50 day moving average of $80.03 and a 200-day moving average of $83.10.
Omnicom Group (NYSE:OMC) last released its quarterly earnings results on Thursday, July 20th. The business services provider reported $1.40 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.38 by $0.02. Omnicom Group had a net margin of 7.61% and a return on equity of 42.54%. The business had revenue of $3.79 billion for the quarter, compared to the consensus estimate of $3.74 billion. During the same period last year, the firm earned $1.36 earnings per share. The company’s quarterly revenue was down 2.4% on a year-over-year basis. On average, equities research analysts anticipate that Omnicom Group will post $5.08 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 10th. Shareholders of record on Friday, September 22nd will be given a $0.55 dividend. The ex-dividend date of this dividend is Thursday, September 21st. This represents a $2.20 annualized dividend and a yield of 2.87%. Omnicom Group’s payout ratio is presently 44.44%.
A number of equities research analysts recently commented on the stock. BidaskClub cut shares of Omnicom Group from a “sell” rating to a “strong sell” rating in a report on Tuesday, August 1st. Zacks Investment Research cut shares of Omnicom Group from a “buy” rating to a “hold” rating in a report on Monday, July 31st. Royal Bank Of Canada set a $96.00 price target on shares of Omnicom Group and gave the stock a “buy” rating in a report on Saturday, July 22nd. Wells Fargo & Company reaffirmed a “hold” rating and issued a $84.00 price target on shares of Omnicom Group in a report on Tuesday, July 18th. Finally, Jefferies Group LLC reaffirmed a “hold” rating and issued a $82.00 price target on shares of Omnicom Group in a report on Friday, July 14th. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating and one has issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $86.00.
In other news, Treasurer Dennis E. Hewitt sold 900 shares of the firm’s stock in a transaction on Wednesday, July 26th. The shares were sold at an average price of $79.11, for a total transaction of $71,199.00. Following the sale, the treasurer now directly owns 44,161 shares in the company, valued at approximately $3,493,576.71. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman Bruce Crawford sold 22,800 shares of the firm’s stock in a transaction on Thursday, June 1st. The shares were sold at an average price of $84.91, for a total transaction of $1,935,948.00. Following the sale, the chairman now owns 105,250 shares in the company, valued at $8,936,777.50. The disclosure for this sale can be found here. Insiders sold 24,183 shares of company stock worth $2,046,845 over the last quarter. Insiders own 1.10% of the company’s stock.
About Omnicom Group
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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