Jefferies Group Analysts Increase Earnings Estimates for Omnicom Group Inc. (OMC)
Omnicom Group Inc. (NYSE:OMC) – Jefferies Group lifted their FY2017 earnings 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 $5.10 per share for the year, up from their prior estimate of $5.09. Jefferies Group has a “Hold” rating and a $82.00 price objective on the stock. Jefferies Group also issued estimates for Omnicom Group’s Q3 2018 earnings at $1.19 EPS.
Omnicom Group (NYSE:OMC) last announced its quarterly earnings data on Tuesday, October 17th. The business services provider reported $1.13 EPS for the quarter, beating the Zacks’ 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 quarter last year, the firm posted $1.06 earnings per share. The company’s revenue for the quarter was down 1.9% compared to the same quarter last year.
Shares of Omnicom Group (NYSE OMC) opened at $73.10 on Friday. The company has a quick ratio of 0.79, a current ratio of 0.90 and a debt-to-equity ratio of 1.62. Omnicom Group has a one year low of $65.32 and a one year high of $88.51. The company has a market capitalization of $16,992.56, a P/E ratio of 14.83, a price-to-earnings-growth ratio of 1.97 and a beta of 1.24.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, January 9th. Investors of record on Tuesday, December 19th will be issued a dividend of $0.60 per share. This is a positive change from Omnicom Group’s previous quarterly dividend of $0.55. This represents a $2.40 dividend on an annualized basis and a yield of 3.28%. The ex-dividend date of this dividend is Monday, December 18th. Omnicom Group’s dividend payout ratio (DPR) is 43.82%.
In related news, insider Peter K. Sherman sold 8,310 shares of Omnicom Group stock in a transaction on Monday, December 11th. The stock was sold at an average price of $74.31, for a total transaction of $617,516.10. Following the sale, the insider now directly owns 21,271 shares in the company, valued at $1,580,648.01. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Linda Johnson Rice sold 489 shares of Omnicom Group stock in a transaction on Thursday, October 19th. The stock was sold at an average price of $74.32, for a total value of $36,342.48. Following the sale, the director now owns 7,777 shares in the company, valued at $577,986.64. The disclosure for this sale can be found here. Company insiders own 1.10% of the company’s stock.
Institutional investors have recently modified their holdings of the stock. Janus Henderson Group PLC raised its stake in shares of Omnicom Group by 15,279.3% in the second quarter. Janus Henderson Group PLC now owns 4,996,274 shares of the business services provider’s stock valued at $414,191,000 after buying an additional 4,963,787 shares during the period. Nordea Investment Management AB raised its stake in shares of Omnicom Group by 501.5% in the second quarter. Nordea Investment Management AB now owns 2,201,826 shares of the business services provider’s stock valued at $182,531,000 after buying an additional 1,835,749 shares during the period. First Eagle Investment Management LLC raised its stake in shares of Omnicom Group by 12.4% in the third quarter. First Eagle Investment Management LLC now owns 15,101,129 shares of the business services provider’s stock valued at $1,118,541,000 after buying an additional 1,671,452 shares during the period. Longview Partners Guernsey LTD raised its stake in shares of Omnicom Group by 41.3% in the third quarter. Longview Partners Guernsey LTD now owns 5,653,698 shares of the business services provider’s stock valued at $418,769,000 after buying an additional 1,653,208 shares during the period. Finally, Alliancebernstein L.P. raised its stake in shares of Omnicom Group by 90.0% in the second quarter. Alliancebernstein L.P. now owns 2,652,302 shares of the business services provider’s stock valued at $219,876,000 after buying an additional 1,256,005 shares during the period. Institutional investors and hedge funds own 98.60% of the company’s stock.
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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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