Omnicom Group Inc. (OMC) Expected to Post Quarterly Sales of $4.24 Billion
Equities research analysts forecast that Omnicom Group Inc. (NYSE:OMC) will post sales of $4.24 billion for the current fiscal quarter, according to Zacks. Three analysts have issued estimates for Omnicom Group’s earnings, with the lowest sales estimate coming in at $4.22 billion and the highest estimate coming in at $4.26 billion. Omnicom Group also reported sales of $4.24 billion in the same quarter last year. The business is scheduled to issue its next earnings report on Tuesday, February 6th.
On average, analysts expect that Omnicom Group will report full year sales of $4.24 billion for the current year, with estimates ranging from $15.30 billion to $15.35 billion. For the next financial year, analysts anticipate that the firm will post sales of $15.77 billion per share, with estimates ranging from $15.66 billion to $15.90 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of research firms that that provide coverage for Omnicom Group.
Omnicom Group (NYSE:OMC) last released its quarterly earnings results on Tuesday, October 17th. The business services provider reported $1.13 earnings per share for the quarter, topping analysts’ consensus estimates 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 last year, the company earned $1.06 earnings per share. The business’s quarterly revenue was down 1.9% compared to the same quarter last year.
Several brokerages have commented on OMC. Credit Suisse Group lifted their price target on Omnicom Group from $78.00 to $80.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 18th. Zacks Investment Research downgraded Omnicom Group from a “buy” rating to a “hold” rating in a research report on Wednesday, October 18th. Royal Bank Of Canada dropped their price target on Omnicom Group from $96.00 to $87.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 18th. Telsey Advisory Group raised Omnicom Group from a “market perform” rating to an “outperform” rating and lifted their price target for the stock from $86.00 to $89.00 in a research report on Wednesday, October 18th. Finally, BMO Capital Markets reaffirmed a “hold” rating and issued a $85.00 price target on shares of Omnicom Group in a research report on Wednesday, October 18th. Three equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and two have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $84.00.
Shares of Omnicom Group (NYSE:OMC) opened at 73.69 on Monday. The firm has a market cap of $17.00 billion, a P/E ratio of 14.66 and a beta of 1.28. The stock’s 50 day moving average is $74.13 and its 200-day moving average is $79.61. Omnicom Group has a 52-week low of $71.63 and a 52-week high of $89.66.
In other news, Director Linda Johnson Rice sold 489 shares of the business’s stock in a transaction that occurred on Thursday, October 19th. The stock was sold at an average price of $74.32, for a total transaction of $36,342.48. Following the sale, the director now directly owns 7,777 shares in the company, valued at $577,986.64. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Treasurer Dennis E. Hewitt sold 900 shares of the business’s stock in a transaction that occurred on Wednesday, July 26th. The shares were sold at an average price of $79.11, for a total value of $71,199.00. Following the sale, the treasurer now owns 44,161 shares in the company, valued at $3,493,576.71. The disclosure for this sale can be found here. Insiders own 1.10% of the company’s stock.
A number of large investors have recently made changes to their positions in OMC. Parallel Advisors LLC grew its position in Omnicom Group by 8.7% in the second quarter. Parallel Advisors LLC now owns 1,300 shares of the business services provider’s stock valued at $102,000 after acquiring an additional 104 shares during the period. Dupont Capital Management Corp bought a new stake in Omnicom Group in the second quarter valued at $104,000. Acrospire Investment Management LLC bought a new stake in Omnicom Group in the second quarter valued at $149,000. Invictus RG grew its position in Omnicom Group by 1,098.2% in the first quarter. Invictus RG now owns 1,977 shares of the business services provider’s stock valued at $170,000 after acquiring an additional 1,812 shares during the period. Finally, FNY Partners Fund LP grew its position in Omnicom Group by 46.7% in the first quarter. FNY Partners Fund LP now owns 2,200 shares of the business services provider’s stock valued at $189,000 after acquiring an additional 700 shares during the period. Hedge funds and other institutional investors own 98.57% of the company’s stock.
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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