Omnicom Group (OMC) Scheduled to Post Earnings on Tuesday

Omnicom Group (NYSE:OMC) will be releasing its earnings data after the market closes on Tuesday, April 16th. Analysts expect Omnicom Group to post earnings of $1.52 per share for the quarter. Persons that are interested in participating in the company’s earnings conference call can do so using this link.

Omnicom Group (NYSE:OMC) last issued its quarterly earnings results on Monday, February 5th. The business services provider reported $2.20 earnings per share for the quarter, beating analysts’ consensus estimates of $2.16 by $0.04. The business had revenue of $4.06 billion during the quarter, compared to analyst estimates of $4 billion. Omnicom Group had a net margin of 9.47% and a return on equity of 39.07%. Omnicom Group’s revenue for the quarter was up 5.0% compared to the same quarter last year. During the same quarter last year, the business posted $2.09 earnings per share. On average, analysts expect Omnicom Group to post $8 EPS for the current fiscal year and $8 EPS for the next fiscal year.

Omnicom Group Stock Performance

Shares of Omnicom Group stock opened at $90.59 on Friday. The firm has a 50 day simple moving average of $91.05 and a 200 day simple moving average of $84.77. The company has a debt-to-equity ratio of 1.16, a current ratio of 0.95 and a quick ratio of 0.86. Omnicom Group has a fifty-two week low of $72.20 and a fifty-two week high of $99.23. The firm has a market cap of $17.86 billion, a P/E ratio of 13.09, a P/E/G ratio of 2.21 and a beta of 0.97.

Omnicom Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 9th. Shareholders of record on Monday, March 11th will be issued a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 3.09%. The ex-dividend date of this dividend is Friday, March 8th. Omnicom Group’s dividend payout ratio is presently 40.46%.

Wall Street Analysts Forecast Growth

A number of research firms have commented on OMC. StockNews.com raised shares of Omnicom Group from a “hold” rating to a “buy” rating in a report on Thursday, April 4th. Wells Fargo & Company lifted their price target on shares of Omnicom Group from $85.00 to $91.00 and gave the stock an “equal weight” rating in a research report on Wednesday, February 7th. UBS Group started coverage on shares of Omnicom Group in a research report on Thursday, January 11th. They set a “buy” rating and a $117.00 price target on the stock. BNP Paribas raised shares of Omnicom Group from a “neutral” rating to an “outperform” rating and set a $115.00 price target on the stock in a research report on Thursday, March 28th. Finally, Macquarie lifted their price target on shares of Omnicom Group from $100.00 to $110.00 and gave the stock an “outperform” rating in a research report on Tuesday, April 2nd. One investment analyst has rated the stock with a sell rating, two have given a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $102.44.

Insider Activity at Omnicom Group

In other Omnicom Group news, Director Linda Johnson Rice sold 507 shares of the business’s stock in a transaction dated Friday, February 9th. The shares were sold at an average price of $86.66, for a total transaction of $43,936.62. Following the sale, the director now directly owns 9,753 shares of the company’s stock, valued at approximately $845,194.98. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 1.30% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Omnicom Group

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Carolinas Wealth Consulting LLC increased its stake in shares of Omnicom Group by 1,805.9% during the 1st quarter. Carolinas Wealth Consulting LLC now owns 324 shares of the business services provider’s stock worth $31,000 after purchasing an additional 307 shares during the last quarter. KB Financial Partners LLC boosted its holdings in Omnicom Group by 1,326.1% in the 2nd quarter. KB Financial Partners LLC now owns 328 shares of the business services provider’s stock valued at $31,000 after purchasing an additional 305 shares during the period. First Capital Advisors Group LLC. bought a new stake in Omnicom Group in the 2nd quarter valued at about $45,000. Resurgent Financial Advisors LLC bought a new stake in Omnicom Group in the 4th quarter valued at about $85,000. Finally, Sunbelt Securities Inc. bought a new stake in Omnicom Group in the 1st quarter valued at about $93,000. 91.97% of the stock is owned by institutional investors.

About Omnicom Group

Omnicom Group Inc, together with its subsidiaries, offers advertising, marketing, and corporate communications services. It provides a range of services in the areas of advertising and media, precision marketing, commerce and branding, experiential, execution and support, public relations, and healthcare.