Omnicom Group Inc. Announces Quarterly Dividend of $0.70 (NYSE:OMC)

Omnicom Group Inc. (NYSE:OMC) announced a quarterly dividend on Thursday, February 13th,RTT News reports. Investors of record on Tuesday, March 11th will be paid a dividend of 0.70 per share by the business services provider on Wednesday, April 9th. This represents a $2.80 annualized dividend and a yield of 3.42%.

Omnicom Group has a payout ratio of 30.4% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Omnicom Group to earn $8.90 per share next year, which means the company should continue to be able to cover its $2.80 annual dividend with an expected future payout ratio of 31.5%.

Omnicom Group Stock Up 0.8 %

Shares of NYSE OMC opened at $81.89 on Friday. Omnicom Group has a 12-month low of $80.31 and a 12-month high of $107.00. The stock has a market cap of $16.09 billion, a PE ratio of 10.99, a P/E/G ratio of 1.94 and a beta of 0.97. The company has a current ratio of 1.00, a quick ratio of 0.86 and a debt-to-equity ratio of 1.27. The company has a 50-day moving average of $87.14 and a 200 day moving average of $95.75.

Omnicom Group (NYSE:OMC) last posted its quarterly earnings results on Tuesday, February 4th. The business services provider reported $2.41 earnings per share for the quarter, beating the consensus estimate of $2.38 by $0.03. Omnicom Group had a net margin of 9.44% and a return on equity of 36.39%. During the same period in the previous year, the business posted $2.20 earnings per share. As a group, sell-side analysts predict that Omnicom Group will post 8.32 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on OMC. Wells Fargo & Company dropped their price target on shares of Omnicom Group from $110.00 to $99.00 and set an “equal weight” rating for the company in a research note on Tuesday, December 10th. Macquarie reissued an “outperform” rating and issued a $120.00 price target on shares of Omnicom Group in a research note on Wednesday, December 11th. JPMorgan Chase & Co. dropped their price target on shares of Omnicom Group from $119.00 to $116.00 and set an “overweight” rating for the company in a research note on Monday, January 27th. Finally, Barclays dropped their price target on shares of Omnicom Group from $121.00 to $110.00 and set an “overweight” rating for the company in a research note on Friday, January 24th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $108.25.

Omnicom Group Company Profile

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.