Omnicom Group (OMC) Announces Quarterly Results
Omnicom Group (NYSE:OMC) announced its earnings results on Tuesday. The company reported $0.80 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.79 by $0.01, American Banking News reports. The company had revenue of $3.50 billion for the quarter, compared to the consensus estimate of $3.48 billion.
Several analysts have recently commented on the stock. Analysts at Trading Central downgraded shares of Omnicom Group from a “buy” rating to a “neutral” rating in a research note on Tuesday, April 15th. On a related note, analysts at Ned Davis Research upgraded shares of Omnicom Group from a “neutral” rating to a “buy” rating in a research note on Monday, March 3rd. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Omnicom Group in a research note on Wednesday, February 12th. They now have a $77.00 price target on the stock. Eight equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. Omnicom Group has an average rating of “Buy” and an average target price of $73.78.
Omnicom Group (NYSE:OMC) opened at 71.49 on Tuesday. Omnicom Group has a 52 week low of $58.47 and a 52 week high of $76.87. The stock has a 50-day moving average of $72.10 and a 200-day moving average of $71.20. The company has a market cap of $18.459 billion and a price-to-earnings ratio of 19.18.
Omnicom Group Inc (NYSE:OMC) is a holding company, providing professional services to clients through multiple agencies.
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