Q3 2018 EPS Estimates for Omnicom Group Inc. (OMC) Lifted by Jefferies Group
Omnicom Group Inc. (NYSE:OMC) – Jefferies Group raised their Q3 2018 earnings estimates for shares of Omnicom Group in a research report issued to clients and investors on Tuesday. Jefferies Group analyst J. Janedis now expects that the business services provider will post earnings of $1.54 per share for the quarter, up from their previous forecast of $1.21. Jefferies Group has a “Hold” rating and a $82.00 price objective on the stock. Jefferies Group also issued estimates for Omnicom Group’s FY2018 earnings at $5.36 EPS, Q2 2019 earnings at $1.59 EPS and FY2019 earnings at $5.71 EPS.
Omnicom Group (NYSE:OMC) last released its quarterly earnings data on Tuesday, October 17th. The business services provider reported $1.13 EPS for the quarter, beating the consensus estimate of $1.10 by $0.03. Omnicom Group had a net margin of 7.72% and a return on equity of 42.11%. The business had revenue of $3.72 billion during the quarter, compared to the consensus estimate of $3.69 billion. During the same quarter in the prior year, the firm earned $1.06 EPS. The business’s revenue was down 1.9% on a year-over-year basis.
Several other equities analysts have also weighed in on OMC. Royal Bank Of Canada decreased their target price on shares of Omnicom Group from $96.00 to $87.00 and set an “outperform” rating on the stock in a report on Wednesday. BMO Capital Markets restated a “hold” rating and issued a $85.00 price objective on shares of Omnicom Group in a report on Wednesday. Telsey Advisory Group upgraded shares of Omnicom Group from a “market perform” rating to an “outperform” rating and upped their price objective for the stock from $86.00 to $89.00 in a report on Wednesday. BidaskClub lowered shares of Omnicom Group from a “sell” rating to a “strong sell” rating in a report on Tuesday, August 1st. Finally, Zacks Investment Research lowered shares of Omnicom Group from a “buy” rating to a “hold” rating in a report on Wednesday. Three equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and two have issued a buy rating to the company’s stock. Omnicom Group has a consensus rating of “Hold” and an average target price of $84.00.
Omnicom Group (NYSE:OMC) traded up 1.00% on Friday, hitting $73.69. 3,480,129 shares of the company’s stock traded hands. The stock has a 50-day moving average of $74.09 and a 200-day moving average of $79.69. The stock has a market cap of $17.00 billion, a PE ratio of 14.66 and a beta of 1.28. Omnicom Group has a one year low of $71.63 and a one year high of $89.66.
A number of institutional investors have recently added to or reduced their stakes in the stock. Cleararc Capital Inc. grew its holdings 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 purchasing an additional 19 shares during the period. RMB Capital Management LLC lifted its position in Omnicom Group by 0.9% during 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. Security National Bank of Sioux City Iowa IA lifted its position in 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 valued at $983,000 after buying an additional 35 shares in the last quarter. Pennsylvania Trust Co lifted its position in Omnicom Group by 1.1% during the second quarter. Pennsylvania Trust Co now owns 4,596 shares of the business services provider’s stock valued at $381,000 after buying an additional 50 shares in the last quarter. Finally, Financial Counselors Inc. lifted its position in Omnicom Group by 1.5% during the second quarter. Financial Counselors Inc. now owns 3,728 shares of the business services provider’s stock valued at $309,000 after buying an additional 54 shares in the last quarter. Hedge funds and other institutional investors own 98.57% of the company’s stock.
In other news, Treasurer Dennis E. Hewitt sold 900 shares of Omnicom Group stock in a transaction dated Wednesday, July 26th. The shares were sold at an average price of $79.11, for a total transaction of $71,199.00. Following the completion of the sale, the treasurer now directly owns 44,161 shares in the company, valued at $3,493,576.71. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Linda Johnson Rice sold 483 shares of Omnicom Group 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 owns 7,724 shares of the company’s stock, valued at $634,835.56. The disclosure for this sale can be found here. Insiders own 1.10% of the company’s stock.
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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