Omnicom Group (OMC) to Release Earnings on Tuesday
Omnicom Group (NYSE:OMC) will post its Q313 quarterly earnings results on Tuesday, October 15th. Analysts expect Omnicom Group to post earnings of $0.81 per share and revenue of $3.48 billion for the quarter. Individual that wish to listen to the company’s earnings conference call can do so using this link.
Omnicom Group (NYSE:OMC) last posted its quarterly earnings results on Thursday, July 18th. The company reported $1.09 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.09. The company had revenue of $3.64 billion for the quarter, compared to the consensus estimate of $3.66 billion. During the same quarter in the previous year, the company posted $1.02 earnings per share. The company’s revenue for the quarter was up 2.1% on a year-over-year basis. On average, analysts expect Omnicom Group to post $3.86 EPS for the current fiscal year and $4.29 EPS for the next fiscal year.
Omnicom Group (NYSE:OMC) opened at 63.70 on Monday. Omnicom Group has a 1-year low of $45.11 and a 1-year high of $70.50. The stock has a 50-day moving average of $63.30 and a 200-day moving average of $62.44. The company has a market cap of $16.383 billion and a price-to-earnings ratio of 17.03.
A number of research firms have recently commented on OMC. Analysts at Goldman Sachs Group Inc. cut their price target on shares of Omnicom Group from $69.00 to $68.00 in a research note to investors on Thursday. They now have a “neutral” rating on the stock. On a related note, analysts at Lazard Capital Markets upgraded shares of Omnicom Group from a “neutral” rating to a “buy” rating in a research note to investors on Thursday, September 5th. They now have a $78.00 price target on the stock. Finally, analysts at Pivotal Research upgraded shares of Omnicom Group from a “hold” rating to a “buy” rating in a research note to investors on Wednesday, September 4th. They now have a $72.00 price target on the stock, up previously from $66.00. Twelve equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $64.95.
Omnicom Group Inc (NYSE:OMC) is a holding company, providing professional services to clients through multiple agencies.
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