Q1 2018 EPS Estimates for Omnicom Group Inc. Lowered by Analyst (OMC)
Omnicom Group Inc. (NYSE:OMC) – Analysts at Jefferies Group reduced their Q1 2018 EPS estimates for Omnicom Group in a research note issued to investors on Wednesday. Jefferies Group analyst J. Janedis now anticipates that the business services provider will post earnings of $0.98 per share for the quarter, down from their prior forecast of $1.00. Jefferies Group currently has a “Hold” rating and a $82.00 target price on the stock. Jefferies Group also issued estimates for Omnicom Group’s Q2 2018 earnings at $1.47 EPS, Q4 2018 earnings at $1.64 EPS, FY2018 earnings at $5.27 EPS and FY2019 earnings at $5.64 EPS.
OMC has been the subject of several other reports. Citigroup upgraded Omnicom Group from a “sell” rating to a “neutral” rating in a research note on Wednesday, September 6th. BMO Capital Markets reiterated a “hold” rating and set a $85.00 price objective on shares of Omnicom Group in a research note on Wednesday, October 18th. Royal Bank of Canada dropped their price objective on Omnicom Group from $96.00 to $87.00 and set an “outperform” rating for the company in a research note on Wednesday, October 18th. Morgan Stanley lowered Omnicom Group from an “equal weight” rating to an “underweight” rating and set a $72.00 price objective for the company. in a research note on Monday, October 16th. Finally, Zacks Investment Research lowered Omnicom Group from a “hold” rating to a “sell” rating in a research note on Tuesday, October 10th. Three investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and three have assigned a buy rating to the company. Omnicom Group has a consensus rating of “Hold” and an average target price of $84.00.
Omnicom Group (NYSE:OMC) last issued its earnings results on Tuesday, October 17th. The business services provider reported $1.13 EPS for the quarter, topping the consensus estimate of $1.10 by $0.03. Omnicom Group had a return on equity of 42.11% and a net margin of 7.72%. The firm had revenue of $3.72 billion during the quarter, compared to analysts’ expectations of $3.69 billion. During the same period last year, the business earned $1.06 earnings per share. Omnicom Group’s quarterly revenue was down 1.9% compared to the same quarter last year.
A number of institutional investors and hedge funds have recently modified their holdings of OMC. Security National Bank of Sioux City Iowa IA lifted its holdings in shares of Omnicom Group by 0.3% during the 2nd 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 purchasing an additional 35 shares in the last quarter. Financial Counselors Inc. lifted its holdings in shares of Omnicom Group by 1.5% during the 2nd quarter. Financial Counselors Inc. now owns 3,728 shares of the business services provider’s stock valued at $309,000 after purchasing an additional 54 shares in the last quarter. WMS Partners LLC lifted its holdings in shares of Omnicom Group by 1.2% during the 2nd quarter. WMS Partners LLC now owns 4,650 shares of the business services provider’s stock valued at $385,000 after purchasing an additional 55 shares in the last quarter. Security National Bank of SO Dak lifted its holdings in shares of Omnicom Group by 1.0% during the 2nd quarter. Security National Bank of SO Dak now owns 9,959 shares of the business services provider’s stock valued at $825,000 after purchasing an additional 100 shares in the last quarter. Finally, Parallel Advisors LLC lifted its holdings in shares of Omnicom Group by 8.7% during the 2nd quarter. Parallel Advisors LLC now owns 1,300 shares of the business services provider’s stock valued at $102,000 after purchasing an additional 104 shares in the last quarter. Hedge funds and other institutional investors own 98.60% of the company’s stock.
In other Omnicom Group news, Director Linda Johnson Rice sold 489 shares of the firm’s stock in a transaction dated Thursday, October 19th. The stock was sold at an average price of $74.32, for a total transaction of $36,342.48. Following the transaction, the director now owns 7,777 shares in the company, valued at $577,986.64. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, insider Peter K. Sherman sold 8,310 shares of the firm’s stock in a transaction dated Monday, December 11th. The stock was sold at an average price of $74.31, for a total value of $617,516.10. Following the transaction, the insider now owns 21,271 shares in the company, valued at approximately $1,580,648.01. The disclosure for this sale can be found here. 1.10% of the stock is currently owned by company insiders.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 9th. Investors of record on Tuesday, December 19th will be given a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a yield of 3.26%. This is a positive change from Omnicom Group’s previous quarterly dividend of $0.55. The ex-dividend date of this dividend is Monday, December 18th. Omnicom Group’s dividend payout ratio (DPR) is presently 43.82%.
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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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