Media stories about Omnicom Group (NYSE:OMC) have been trending somewhat positive this week, according to Accern Sentiment. Accern scores the sentiment of press coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Omnicom Group earned a media sentiment score of 0.21 on Accern’s scale. Accern also assigned media stories about the business services provider an impact score of 47.3246563991435 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
Shares of Omnicom Group (OMC) traded up $0.62 during trading on Wednesday, reaching $72.70. 1,906,050 shares of the company’s stock traded hands, compared to its average volume of 2,276,643. The company has a debt-to-equity ratio of 1.62, a current ratio of 0.90 and a quick ratio of 0.79. The stock has a market capitalization of $16,670.00, a PE ratio of 14.48, a PEG ratio of 1.92 and a beta of 1.23. Omnicom Group has a twelve month low of $65.32 and a twelve month high of $87.43.
Omnicom Group (NYSE:OMC) last issued its earnings results on Tuesday, October 17th. The business services provider reported $1.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.10 by $0.03. The business had revenue of $3.72 billion during the quarter, compared to analysts’ expectations of $3.69 billion. Omnicom Group had a net margin of 7.72% and a return on equity of 42.11%. The business’s revenue for the quarter was down 1.9% compared to the same quarter last year. During the same period in the previous year, the company earned $1.06 earnings per share. research analysts forecast that Omnicom Group will post 5.11 earnings per share for the current fiscal year.
A number of research analysts recently issued reports on the stock. TheStreet cut shares of Omnicom Group from a “b-” rating to a “c+” rating in a research report on Tuesday, November 21st. Zacks Investment Research cut shares of Omnicom Group from a “hold” rating to a “sell” rating in a research report on Tuesday, January 2nd. BMO Capital Markets reissued a “hold” rating and set a $85.00 price target on shares of Omnicom Group in a research report on Wednesday, October 18th. Macquarie cut shares of Omnicom Group from a “neutral” rating to an “underperform” rating and set a $83.00 price target for the company. in a research report on Tuesday, January 2nd. Finally, Royal Bank of Canada lowered their price target on shares of Omnicom Group from $96.00 to $87.00 and set an “outperform” rating for the company in a research report on Wednesday, October 18th. Five investment analysts have rated the stock with a sell rating, ten have given a hold rating and three have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $84.00.
In other Omnicom Group news, Director Linda Johnson Rice sold 489 shares of Omnicom Group stock in a transaction dated Thursday, October 19th. The shares were sold at an average price of $74.32, for a total value of $36,342.48. Following the completion of the transaction, the director now directly owns 7,777 shares of the company’s stock, valued at $577,986.64. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Peter K. Sherman sold 8,310 shares of Omnicom Group stock in a transaction dated Monday, December 11th. The stock was sold at an average price of $74.31, for a total transaction of $617,516.10. Following the completion of the transaction, the insider now directly owns 21,271 shares of the company’s stock, valued at $1,580,648.01. The disclosure for this sale can be found here. 1.10% of the stock is currently owned by insiders.
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Omnicom Group Company Profile
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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