Brokerages Anticipate Omnicom Group Inc. (OMC) Will Announce Earnings of $1.10 Per Share
Wall Street brokerages forecast that Omnicom Group Inc. (NYSE:OMC) will announce earnings of $1.10 per share for the current quarter, according to Zacks. Three analysts have provided estimates for Omnicom Group’s earnings, with the highest EPS estimate coming in at $1.12 and the lowest estimate coming in at $1.07. Omnicom Group reported earnings per share of $1.06 during the same quarter last year, which suggests a positive year-over-year growth rate of 3.8%. The company is expected to report its next earnings results 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 year, analysts expect that the firm will post earnings of $5.43 per share, with EPS estimates ranging from $5.40 to $5.48. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of research firms that that provide coverage for Omnicom Group.
Omnicom Group (NYSE:OMC) last posted its quarterly earnings data on Thursday, July 20th. The business services provider reported $1.40 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.38 by $0.02. Omnicom Group had a net margin of 7.61% and a return on equity of 42.54%. The firm had revenue of $3.79 billion during the quarter, compared to analyst estimates of $3.74 billion. During the same quarter last year, the business posted $1.36 EPS. The company’s revenue for the quarter was down 2.4% on a year-over-year basis.
Several research analysts have recently weighed in on the stock. BMO Capital Markets reissued a “hold” rating and set a $85.00 price objective on shares of Omnicom Group in a report on Wednesday. Citigroup Inc. raised shares of Omnicom Group from a “sell” rating to a “neutral” rating in a report on Wednesday, September 6th. Royal Bank Of Canada set a $96.00 price objective on shares of Omnicom Group and gave the company a “buy” rating in a report on Wednesday, August 23rd. BidaskClub cut shares of Omnicom Group from a “sell” rating to a “strong sell” rating in a report on Tuesday, August 1st. Finally, Zacks Investment Research cut shares of Omnicom Group from a “buy” rating to a “hold” rating in a report on Monday, July 31st. Two equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and one has issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $85.92.
In related news, Director Linda Johnson Rice sold 483 shares of the company’s stock in a transaction on Monday, July 24th. The shares were sold at an average price of $82.19, for a total transaction of $39,697.77. Following the completion of the transaction, the director now owns 7,724 shares in the company, valued at $634,835.56. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Treasurer Dennis E. Hewitt sold 900 shares of the company’s stock in a transaction on Wednesday, July 26th. The stock was sold at an average price of $79.11, for a total transaction of $71,199.00. Following the transaction, the treasurer now owns 44,161 shares of the company’s stock, valued at approximately $3,493,576.71. The disclosure for this sale can be found here. 1.10% of the stock is currently owned by corporate insiders.
Several large investors have recently modified their holdings of the stock. Perigon Wealth Management LLC boosted its position in shares of Omnicom Group by 17.1% during the second quarter. Perigon Wealth Management LLC now owns 9,491 shares of the business services provider’s stock worth $793,000 after acquiring an additional 1,387 shares during the last quarter. Toronto Dominion Bank boosted its position in shares of Omnicom Group by 43.0% during the second quarter. Toronto Dominion Bank now owns 104,807 shares of the business services provider’s stock worth $8,691,000 after acquiring an additional 31,527 shares during the last quarter. BB&T Investment Services Inc. bought a new position in shares of Omnicom Group during the second quarter worth $1,408,000. Security National Bank of SO Dak boosted its position in shares of Omnicom Group by 1.0% during the second quarter. Security National Bank of SO Dak now owns 9,959 shares of the business services provider’s stock worth $825,000 after acquiring an additional 100 shares during the last quarter. Finally, Security National Bank of Sioux City Iowa IA boosted its position in shares of Omnicom Group by 0.3% during the second quarter. Security National Bank of Sioux City Iowa IA now owns 11,858 shares of the business services provider’s stock worth $983,000 after acquiring an additional 35 shares during the last quarter. Hedge funds and other institutional investors own 98.71% of the company’s stock.
Omnicom Group (NYSE:OMC) traded down 0.91% on Thursday, hitting $72.98. 525,975 shares of the stock were exchanged. Omnicom Group has a 12 month low of $71.63 and a 12 month high of $89.66. The stock has a market cap of $16.84 billion, a price-to-earnings ratio of 14.74 and a beta of 1.27. The company has a 50-day moving average of $76.18 and a 200-day moving average of $81.66.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 10th. Investors of record on Friday, September 22nd will be given a dividend of $0.55 per share. The ex-dividend date of this dividend is Thursday, September 21st. This represents a $2.20 dividend on an annualized basis and a dividend yield of 2.99%. Omnicom Group’s dividend payout ratio is 44.44%.
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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