Equities research analysts forecast that Omnicom Group Inc. (NYSE:OMC) will announce sales of $4.23 billion for the current quarter, according to Zacks. Three analysts have provided estimates for Omnicom Group’s earnings, with the highest sales estimate coming in at $4.25 billion and the lowest estimate coming in at $4.22 billion. Omnicom Group posted sales of $4.24 billion during the same quarter last year, which suggests a negative year-over-year growth rate of 0.2%. The company is expected to issue its next earnings report on Tuesday, February 6th.

On average, analysts expect that Omnicom Group will report full-year sales of $4.23 billion for the current fiscal year, with estimates ranging from $15.30 billion to $15.34 billion. For the next fiscal year, analysts forecast that the company will post sales of $15.73 billion per share, with estimates ranging from $15.66 billion to $15.81 billion. Zacks’ sales averages are an average based on a survey of sell-side research analysts that cover Omnicom Group.

Omnicom Group (NYSE:OMC) last announced its quarterly earnings data on Tuesday, October 17th. The business services provider reported $1.13 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.10 by $0.03. The firm had revenue of $3.72 billion for the quarter, compared to analysts’ expectations of $3.69 billion. Omnicom Group had a return on equity of 42.11% and a net margin of 7.72%. The company’s revenue for the quarter was down 1.9% compared to the same quarter last year. During the same period last year, the firm earned $1.06 earnings per share.

A number of analysts have recently weighed in on OMC shares. Morgan Stanley lowered shares of Omnicom Group from an “equal weight” rating to an “underweight” rating and set a $72.00 target price for the company. in a report on Monday, October 16th. Argus upgraded shares of Omnicom Group from a “hold” rating to a “buy” rating in a report on Tuesday, October 31st. Credit Suisse Group lowered their target price on shares of Omnicom Group from $79.00 to $78.00 and set a “neutral” rating for the company in a report on Wednesday, October 11th. Zacks Investment Research lowered shares of Omnicom Group from a “hold” rating to a “sell” rating in a report on Tuesday, October 10th. Finally, BMO Capital Markets reissued a “hold” rating and set a $85.00 price target on shares of Omnicom Group in a research report on Wednesday, September 13th. Three analysts have rated the stock with a sell rating, twelve have given a hold rating and three have given a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $84.00.

Omnicom Group (OMC) traded down $1.49 during trading on Friday, hitting $71.44. 3,573,000 shares of the stock were exchanged, compared to its average volume of 1,909,589. The company has a current ratio of 0.90, a quick ratio of 0.79 and a debt-to-equity ratio of 1.62. The stock has a market capitalization of $16,510.00, a price-to-earnings ratio of 14.22, a P/E/G ratio of 1.91 and a beta of 1.22. Omnicom Group has a one year low of $65.32 and a one year high of $89.66.

In related news, Director Linda Johnson Rice sold 489 shares of the company’s stock in a transaction dated Thursday, October 19th. The shares were sold at an average price of $74.32, for a total transaction of $36,342.48. Following the transaction, the director now directly owns 7,777 shares in the company, valued at approximately $577,986.64. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 1.10% of the company’s stock.

A number of hedge funds have recently modified their holdings of OMC. Dupont Capital Management Corp purchased a new stake in Omnicom Group during the second quarter valued at approximately $104,000. Parallel Advisors LLC raised its holdings in shares of Omnicom Group by 8.7% in the second quarter. Parallel Advisors LLC now owns 1,300 shares of the business services provider’s stock worth $102,000 after buying an additional 104 shares during the last quarter. Acrospire Investment Management LLC purchased a new position in shares of Omnicom Group in the second quarter worth $149,000. Eagle Ridge Investment Management purchased a new position in shares of Omnicom Group in the third quarter worth $201,000. Finally, Dynamic Technology Lab Private Ltd purchased a new position in shares of Omnicom Group in the third quarter worth $205,000. Institutional investors and hedge funds own 98.60% of the company’s stock.

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

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