Wall Street brokerages expect Omnicom Group Inc. (NYSE:OMC) to announce $1.10 earnings per share for the current quarter, Zacks reports. Three analysts have made estimates for Omnicom Group’s earnings, with the lowest EPS estimate coming in at $1.07 and the highest estimate coming in at $1.12. Omnicom Group reported earnings of $1.06 per share during the same quarter last year, which indicates a positive year-over-year growth rate of 3.8%. The business is expected to announce its next quarterly earnings report on Tuesday, October 17th.

On average, analysts expect that Omnicom Group will report full-year earnings of $5.08 per share for the current year, with EPS estimates ranging from $5.02 to $5.10. For the next financial year, analysts forecast that the firm will report earnings of $5.43 per share, with EPS estimates ranging from $5.40 to $5.48. Zacks’ EPS averages are an average based on a survey of sell-side research analysts that follow Omnicom Group.

Omnicom Group (NYSE:OMC) last released its earnings results on Thursday, July 20th. The business services provider reported $1.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.38 by $0.02. Omnicom Group had a return on equity of 42.54% and a net margin of 7.61%. The firm had revenue of $3.79 billion for the quarter, compared to the consensus estimate of $3.74 billion. During the same period in the prior year, the firm earned $1.36 EPS. The firm’s revenue was down 2.4% on a year-over-year basis.

Several equities research analysts recently commented on OMC shares. Evercore ISI initiated coverage on shares of Omnicom Group in a research note on Monday, April 17th. They set an “in-line” rating and a $91.00 price target on the stock. They noted that the move was a valuation call. Credit Suisse Group restated a “neutral” rating and issued a $79.00 price objective (down from $81.00) on shares of Omnicom Group in a research note on Friday, July 14th. Wells Fargo & Company restated a “hold” rating and issued a $84.00 price objective on shares of Omnicom Group in a research note on Tuesday, July 18th. Zacks Investment Research upgraded shares of Omnicom Group from a “sell” rating to a “hold” rating in a research note on Tuesday, June 20th. Finally, Barclays PLC restated a “hold” rating and issued a $86.00 price objective on shares of Omnicom Group in a research note on Thursday, April 20th. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating and one has issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $86.00.

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Omnicom Group (NYSE OMC) traded down 0.120% during trading on Tuesday, hitting $78.965. The company had a trading volume of 726,782 shares. The stock has a market capitalization of $18.22 billion, a price-to-earnings ratio of 15.946 and a beta of 1.25. Omnicom Group has a 52-week low of $77.50 and a 52-week high of $89.66. The firm’s 50 day moving average is $81.66 and its 200-day moving average is $83.74.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 10th. Investors of record on Friday, September 22nd will be issued a dividend of $0.55 per share. This represents a $2.20 dividend on an annualized basis and a yield of 2.78%. The ex-dividend date is Thursday, September 21st. Omnicom Group’s dividend payout ratio is currently 44.44%.

In related news, Chairman Bruce Crawford sold 22,800 shares of the business’s stock in a transaction dated Thursday, June 1st. The shares were sold at an average price of $84.91, for a total transaction of $1,935,948.00. Following the sale, the chairman now owns 105,250 shares of the company’s stock, valued at $8,936,777.50. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Linda Johnson Rice sold 483 shares of the business’s stock in a transaction dated Monday, July 24th. The stock was sold at an average price of $82.19, for a total transaction of $39,697.77. Following the sale, the director now directly owns 7,724 shares in the company, valued at approximately $634,835.56. The disclosure for this sale can be found here. In the last three months, insiders have sold 24,183 shares of company stock worth $2,046,845. 1.10% of the stock is owned by insiders.

A number of hedge funds have recently added to or reduced their stakes in the company. BlackRock Inc. increased its stake in Omnicom Group by 3,091.8% in the first quarter. BlackRock Inc. now owns 17,041,057 shares of the business services provider’s stock worth $1,469,108,000 after buying an additional 16,507,161 shares in the last quarter. Vanguard Group Inc. increased its stake in Omnicom Group by 0.7% in the first quarter. Vanguard Group Inc. now owns 15,866,652 shares of the business services provider’s stock worth $1,367,864,000 after buying an additional 116,893 shares in the last quarter. First Eagle Investment Management LLC increased its stake in Omnicom Group by 2.6% in the second quarter. First Eagle Investment Management LLC now owns 13,429,677 shares of the business services provider’s stock worth $1,113,320,000 after buying an additional 341,406 shares in the last quarter. State Street Corp increased its stake in Omnicom Group by 1.2% in the first quarter. State Street Corp now owns 9,865,534 shares of the business services provider’s stock worth $850,497,000 after buying an additional 121,470 shares in the last quarter. Finally, Pzena Investment Management LLC increased its stake in Omnicom Group by 21.3% in the second quarter. Pzena Investment Management LLC now owns 5,978,986 shares of the business services provider’s stock worth $495,658,000 after buying an additional 1,049,746 shares in the last quarter. 98.68% of the stock is currently owned by hedge funds and other institutional investors.

About Omnicom Group

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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Earnings History and Estimates for Omnicom Group (NYSE:OMC)

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