Wall Street brokerages expect that Omnicom Group Inc. (NYSE:OMC) will report sales of $3.61 billion for the current fiscal quarter, according to Zacks Investment Research. Three analysts have provided estimates for Omnicom Group’s earnings. The highest sales estimate is $3.63 billion and the lowest is $3.59 billion. Omnicom Group reported sales of $3.59 billion during the same quarter last year, which indicates a positive year-over-year growth rate of 0.6%. The firm is expected to report its next earnings report on Tuesday, April 17th.
According to Zacks, analysts expect that Omnicom Group will report full-year sales of $3.61 billion for the current year, with estimates ranging from $15.80 billion to $15.92 billion. For the next fiscal year, analysts anticipate that the company will post sales of $16.39 billion per share, with estimates ranging from $16.33 billion to $16.44 billion. Zacks’ sales calculations are a mean average based on a survey of research analysts that cover Omnicom Group.
Omnicom Group (NYSE:OMC) last issued its quarterly earnings results on Thursday, February 15th. The business services provider reported $1.55 EPS for the quarter, topping the Zacks’ consensus estimate of $1.54 by $0.01. The firm had revenue of $4.18 billion for the quarter, compared to analyst estimates of $4.21 billion. Omnicom Group had a net margin of 7.12% and a return on equity of 40.67%. The business’s revenue for the quarter was down 1.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.47 EPS.
A number of brokerages have recently commented on OMC. TheStreet raised shares of Omnicom Group from a “c+” rating to a “b-” rating in a report on Tuesday, February 13th. Wells Fargo & Co reaffirmed a “hold” rating and set a $80.00 target price on shares of Omnicom Group in a report on Friday, February 16th. Pivotal Research reduced their target price on shares of Omnicom Group from $76.00 to $75.00 and set a “hold” rating on the stock in a report on Thursday, February 15th. Macquarie raised shares of Omnicom Group from an “underperform” rating to a “neutral” rating and set a $77.00 target price on the stock in a report on Friday, February 16th. Finally, BMO Capital Markets raised shares of Omnicom Group from a “market perform” rating to an “outperform” rating and increased their target price for the company from $80.00 to $90.00 in a report on Friday, February 16th. They noted that the move was a valuation call. Three research analysts have rated the stock with a sell rating, twelve have given a hold rating and three have assigned a buy rating to the company’s stock. Omnicom Group has a consensus rating of “Hold” and an average target price of $83.36.
Shares of Omnicom Group (NYSE OMC) traded down $1.16 during trading hours on Friday, hitting $76.94. 2,033,926 shares of the stock were exchanged, compared to its average volume of 2,930,650. The company has a market cap of $17,800.00, a price-to-earnings ratio of 15.06, a price-to-earnings-growth ratio of 2.47 and a beta of 1.20. Omnicom Group has a 1 year low of $65.32 and a 1 year high of $86.71. The company has a quick ratio of 0.86, a current ratio of 0.93 and a debt-to-equity ratio of 1.56.
The company also recently declared a quarterly dividend, which will be paid on Monday, April 9th. Shareholders of record on Friday, March 9th will be issued a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a yield of 3.12%. The ex-dividend date of this dividend is Thursday, March 8th. Omnicom Group’s dividend payout ratio (DPR) is presently 46.97%.
In other Omnicom Group news, insider Peter K. Sherman sold 8,310 shares of the firm’s stock in a transaction on Monday, December 11th. The shares were sold at an average price of $74.31, for a total value of $617,516.10. Following the sale, the insider now owns 21,271 shares of the company’s stock, valued at approximately $1,580,648.01. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Treasurer Dennis E. Hewitt sold 2,000 shares of the firm’s stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $77.38, for a total transaction of $154,760.00. Following the completion of the sale, the treasurer now directly owns 42,561 shares in the company, valued at approximately $3,293,370.18. The disclosure for this sale can be found here. 1.10% of the stock is owned by company insiders.
Institutional investors have recently made changes to their positions in the business. SeaCrest Wealth Management LLC bought a new stake in Omnicom Group in the 4th quarter worth $104,000. MUFG Americas Holdings Corp grew its holdings in Omnicom Group by 123.8% in the 4th quarter. MUFG Americas Holdings Corp now owns 1,531 shares of the business services provider’s stock worth $112,000 after acquiring an additional 847 shares during the last quarter. Tower Research Capital LLC TRC bought a new stake in Omnicom Group in the 4th quarter worth $199,000. Eagle Ridge Investment Management bought a new stake in Omnicom Group in the 3rd quarter worth $201,000. Finally, Dynamic Technology Lab Private Ltd bought a new stake in Omnicom Group in the 3rd quarter worth $205,000. 98.63% of the stock is currently owned by institutional investors and hedge funds.
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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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