FY2016 Earnings Estimate for Omnicom Group Inc. Issued By Jefferies Group (OMC)
Omnicom Group Inc. (NYSE:OMC) – Equities researchers at Jefferies Group lifted their FY2016 EPS estimates for Omnicom Group in a research report issued on Tuesday. Jefferies Group analyst J. Janedis now expects that the firm will post earnings of $4.77 per share for the year, up from their prior forecast of $4.75. Jefferies Group also issued estimates for Omnicom Group’s Q1 2017 earnings at $0.96 EPS, Q3 2017 earnings at $1.14 EPS, Q4 2017 earnings at $1.58 EPS, FY2017 earnings at $5.18 EPS, Q1 2018 earnings at $1.05 EPS, Q2 2018 earnings at $1.58 EPS, Q3 2018 earnings at $1.24 EPS and FY2018 earnings at $5.57 EPS.
OMC has been the topic of several other research reports. Credit Suisse Group AG initiated coverage on Omnicom Group in a research report on Thursday, September 15th. They issued a “neutral” rating and a $83.00 target price on the stock. Zacks Investment Research upgraded Omnicom Group from a “sell” rating to a “hold” rating in a research report on Monday, September 12th. RBC Capital Markets reiterated a “hold” rating and set a $87.00 price objective on shares of Omnicom Group in a research report on Sunday, October 9th. Royal Bank Of Canada assumed coverage on Omnicom Group in a research report on Friday, October 7th. They set a “sector perform” rating and a $87.00 price objective on the stock. Finally, Telsey Advisory Group lifted their price objective on Omnicom Group from $79.00 to $86.00 and gave the stock a “market perform” rating in a research report on Wednesday, July 20th. Twelve investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $83.86.
Omnicom Group (NYSE:OMC) traded down 0.40% during midday trading on Wednesday, reaching $80.55. The company had a trading volume of 2,404,631 shares. The company has a market capitalization of $19.05 billion, a P/E ratio of 17.62 and a beta of 1.35. Omnicom Group has a 1-year low of $66.48 and a 1-year high of $87.50. The firm has a 50-day moving average of $84.22 and a 200 day moving average of $83.39.
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Omnicom Group (NYSE:OMC) last released its quarterly earnings data on Tuesday, October 18th. The company reported $1.06 EPS for the quarter, topping the consensus estimate of $1.03 by $0.03. Omnicom Group had a return on equity of 38.56% and a net margin of 7.26%. The company earned $3.79 billion during the quarter, compared to the consensus estimate of $3.80 billion. During the same period last year, the company earned $0.97 EPS. Omnicom Group’s revenue for the quarter was up 2.3% on a year-over-year basis.
Several large investors have recently modified their holdings of the stock. City Holding Co. boosted its position in Omnicom Group by 0.4% in the third quarter. City Holding Co. now owns 1,949 shares of the company’s stock valued at $166,000 after buying an additional 7 shares during the last quarter. Checchi Capital Advisers LLC boosted its position in Omnicom Group by 1.0% in the second quarter. Checchi Capital Advisers LLC now owns 3,230 shares of the company’s stock valued at $263,000 after buying an additional 31 shares during the last quarter. Dowling & Yahnke LLC boosted its position in Omnicom Group by 1.3% in the second quarter. Dowling & Yahnke LLC now owns 4,243 shares of the company’s stock valued at $346,000 after buying an additional 53 shares during the last quarter. Nippon Life Insurance Co. boosted its position in Omnicom Group by 0.3% in the second quarter. Nippon Life Insurance Co. now owns 20,905 shares of the company’s stock valued at $1,704,000 after buying an additional 54 shares during the last quarter. Finally, Mn Services Vermogensbeheer B.V. boosted its position in Omnicom Group by 1.1% in the second quarter. Mn Services Vermogensbeheer B.V. now owns 6,086 shares of the company’s stock valued at $446,000 after buying an additional 66 shares during the last quarter. 97.02% of the stock is owned by institutional investors and hedge funds.
In other news, Director Linda Johnson Rice sold 824 shares of Omnicom Group stock in a transaction on Tuesday, August 16th. The stock was sold at an average price of $84.55, for a total value of $69,669.20. Following the completion of the sale, the director now directly owns 30,440 shares of the company’s stock, valued at $2,573,702. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 1.10% of the stock is owned by insiders.
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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