Wall Street analysts expect Omnicom Group Inc. (NYSE:OMC) to post $1.05 earnings per share for the current fiscal quarter, according to Zacks Investment Research. Three analysts have provided estimates for Omnicom Group’s earnings, with the highest EPS estimate coming in at $1.06 and the lowest estimate coming in at $1.02. Omnicom Group reported earnings of $0.97 per share during the same quarter last year, which would suggest a positive year over year growth rate of 8.2%. The business is scheduled to issue its next earnings results on Tuesday, April 17th.
On average, analysts expect that Omnicom Group will report full year earnings of $5.60 per share for the current financial year, with EPS estimates ranging from $5.40 to $5.68. For the next financial year, analysts forecast that the firm will report earnings of $5.96 per share, with EPS estimates ranging from $5.55 to $6.10. Zacks’ earnings per share calculations are an average based on a survey of sell-side analysts that follow Omnicom Group.
Omnicom Group (NYSE:OMC) last posted its quarterly earnings results on Thursday, February 15th. The business services provider reported $1.55 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.54 by $0.01. Omnicom Group had a return on equity of 40.67% and a net margin of 7.12%. The company had revenue of $4.18 billion during the quarter, compared to the consensus estimate of $4.21 billion. During the same period last year, the business earned $1.47 EPS. The business’s quarterly revenue was down 1.5% on a year-over-year basis.
OMC has been the subject of a number of recent research reports. Wells Fargo & Co reaffirmed a “hold” rating and set a $80.00 price target on shares of Omnicom Group in a research note on Friday, February 16th. TheStreet downgraded Omnicom Group from a “b-” rating to a “c+” rating in a research note on Tuesday, November 21st. BMO Capital Markets raised Omnicom Group from a “market perform” rating to an “outperform” rating and raised their price target for the stock from $80.00 to $90.00 in a research note on Friday, February 16th. They noted that the move was a valuation call. Royal Bank of Canada downgraded Omnicom Group from an “outperform” rating to a “sector perform” rating and set a $83.00 price target for the company. in a research note on Friday, February 16th. Finally, Morgan Stanley raised their price target on Omnicom Group from $72.00 to $76.00 and gave the stock an “underweight” rating in a research note on Wednesday, January 31st. Three analysts have rated the stock with a sell rating, thirteen have given a hold rating and three have assigned a buy rating to the company. Omnicom Group currently has a consensus rating of “Hold” and a consensus price target of $82.77.
In related news, Treasurer Dennis E. Hewitt sold 2,000 shares of the business’s stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $77.38, for a total value of $154,760.00. Following the sale, the treasurer now owns 42,561 shares of the company’s stock, valued at approximately $3,293,370.18. The sale was disclosed in a legal filing with the SEC, which is available through this link. 1.10% of the stock is owned by insiders.
A number of hedge funds have recently made changes to their positions in OMC. First Eagle Investment Management LLC boosted its stake in Omnicom Group by 12.4% in the 3rd quarter. First Eagle Investment Management LLC now owns 15,101,129 shares of the business services provider’s stock valued at $1,118,541,000 after buying an additional 1,671,452 shares in the last quarter. Schroder Investment Management Group raised its position in Omnicom Group by 126.3% in the 4th quarter. Schroder Investment Management Group now owns 2,498,819 shares of the business services provider’s stock valued at $181,989,000 after purchasing an additional 1,394,586 shares during the last quarter. Bank of New York Mellon Corp raised its position in Omnicom Group by 28.3% in the 4th quarter. Bank of New York Mellon Corp now owns 6,194,041 shares of the business services provider’s stock valued at $451,110,000 after purchasing an additional 1,366,325 shares during the last quarter. Kiltearn Partners LLP bought a new position in Omnicom Group in the 4th quarter valued at $97,767,000. Finally, Pzena Investment Management LLC raised its position in Omnicom Group by 20.7% in the 4th quarter. Pzena Investment Management LLC now owns 7,653,555 shares of the business services provider’s stock valued at $557,408,000 after purchasing an additional 1,310,260 shares during the last quarter. 98.62% of the stock is currently owned by institutional investors and hedge funds.
Omnicom Group (NYSE:OMC) traded down $0.13 on Friday, hitting $73.59. The stock had a trading volume of 198,599 shares, compared to its average volume of 2,797,125. Omnicom Group has a 52 week low of $65.32 and a 52 week high of $86.71. The company has a debt-to-equity ratio of 1.56, a current ratio of 0.93 and a quick ratio of 0.86. The stock has a market cap of $16,913.15, a P/E ratio of 14.55, a PEG ratio of 2.26 and a beta of 1.15.
The business also recently declared a quarterly dividend, which will be paid on Monday, April 9th. Investors of record on Friday, March 9th will be paid a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 3.26%. The ex-dividend date of this dividend is Thursday, March 8th. Omnicom Group’s dividend payout ratio is 51.72%.
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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