Omnicom Group Inc. (NYSE:OMC) to Post Q3 2017 Earnings of $1.12 Per Share, Jefferies Group Forecasts
Omnicom Group Inc. (NYSE:OMC) – Investment analysts at Jefferies Group raised their Q3 2017 earnings per share estimates for Omnicom Group in a report released on Thursday. Jefferies Group analyst J. Janedis now expects that the business services provider will post earnings of $1.12 per share for the quarter, up from their previous forecast of $1.11. Jefferies Group has a “Hold” rating and a $82.00 price target on the stock. Jefferies Group also issued estimates for Omnicom Group’s Q4 2017 earnings at $1.56 EPS, Q2 2018 earnings at $1.51 EPS and Q2 2019 earnings at $1.62 EPS.
Other analysts also recently issued reports about the company. Royal Bank Of Canada reissued a “buy” rating and issued a $101.00 target price on shares of Omnicom Group in a report on Tuesday, April 11th. Zacks Investment Research raised Omnicom Group from a “hold” rating to a “buy” rating and set a $91.00 target price for the company in a report on Friday, July 14th. Barclays PLC reissued a “hold” rating and issued a $86.00 target price on shares of Omnicom Group in a report on Thursday, April 20th. Wells Fargo & Company reissued a “hold” rating and issued a $84.00 target price on shares of Omnicom Group in a report on Tuesday, July 18th. Finally, Evercore ISI initiated coverage on Omnicom Group in a report on Monday, April 17th. They issued an “in-line” rating and a $91.00 target price for the company. They noted that the move was a valuation call. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and one has assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $85.83.
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Omnicom Group (NYSE:OMC) opened at 82.73 on Monday. Omnicom Group has a 52 week low of $78.67 and a 52 week high of $89.66. The stock has a 50 day moving average price of $82.31 and a 200 day moving average price of $84.08. The stock has a market capitalization of $19.09 billion, a PE ratio of 16.71 and a beta of 1.27.
Omnicom Group (NYSE:OMC) last announced its quarterly earnings data on Thursday, July 20th. The business services provider reported $1.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.38 by $0.02. Omnicom Group had a return on equity of 42.70% and a net margin of 7.61%. The firm had revenue of $3.79 billion during the quarter, compared to analysts’ expectations of $3.74 billion. During the same period last year, the business posted $1.36 earnings per share. The company’s revenue for the quarter was down 2.4% compared to the same quarter last year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 10th. Shareholders of record on Friday, September 22nd will be paid a dividend of $0.55 per share. This represents a $2.20 annualized dividend and a yield of 2.66%. The ex-dividend date of this dividend is Thursday, September 21st. Omnicom Group’s dividend payout ratio is presently 44.44%.
In other Omnicom Group news, Chairman Bruce Crawford sold 22,800 shares of the company’s stock in a transaction that occurred on Thursday, June 1st. The stock was sold at an average price of $84.91, for a total transaction of $1,935,948.00. Following the completion of the sale, the chairman now directly owns 105,250 shares of the company’s stock, valued at approximately $8,936,777.50. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.10% of the stock is owned by corporate insiders.
A number of hedge funds have recently bought and sold shares of OMC. Cleararc Capital Inc. increased its stake in Omnicom Group by 0.3% in the first quarter. Cleararc Capital Inc. now owns 5,744 shares of the business services provider’s stock valued at $495,000 after buying an additional 19 shares in the last quarter. RMB Capital Management LLC increased its stake in Omnicom Group by 0.9% in the first quarter. RMB Capital Management LLC now owns 2,427 shares of the business services provider’s stock valued at $209,000 after buying an additional 21 shares in the last quarter. MUFG Americas Holdings Corp increased its stake in Omnicom Group by 0.3% in the first quarter. MUFG Americas Holdings Corp now owns 8,326 shares of the business services provider’s stock valued at $718,000 after buying an additional 26 shares in the last quarter. Sawtooth Solutions LLC increased its stake in Omnicom Group by 0.4% in the first quarter. Sawtooth Solutions LLC now owns 8,961 shares of the business services provider’s stock valued at $773,000 after buying an additional 33 shares in the last quarter. Finally, Howard Capital Management increased its stake in Omnicom Group by 1.2% in the first quarter. Howard Capital Management now owns 3,452 shares of the business services provider’s stock valued at $298,000 after buying an additional 40 shares in the last quarter. 96.68% of the stock is owned by hedge funds and other institutional investors.
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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