Brokerages Expect Omnicom Group Inc. (OMC) to Announce $1.55 Earnings Per Share

Wall Street analysts expect Omnicom Group Inc. (NYSE:OMC) to report earnings per share of $1.55 for the current quarter, Zacks Investment Research reports. Three analysts have made estimates for Omnicom Group’s earnings. The highest EPS estimate is $1.57 and the lowest is $1.54. Omnicom Group reported earnings of $1.47 per share in the same quarter last year, which indicates a positive year over year growth rate of 5.4%. The business is scheduled to issue its next earnings results on Tuesday, February 6th.

On average, analysts expect that Omnicom Group will report full year earnings of $5.11 per share for the current year, with EPS estimates ranging from $5.10 to $5.13. For the next financial year, analysts anticipate that the business will report earnings of $5.38 per share, with EPS estimates ranging from $5.27 to $5.55. Zacks’ EPS averages are a mean average based on a survey of research firms that cover Omnicom Group.

OMC has been the topic of a number of analyst reports. Credit Suisse Group dropped their price objective on Omnicom Group from $79.00 to $78.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 11th. Zacks Investment Research cut Omnicom Group from a “hold” rating to a “sell” rating in a research note on Tuesday, January 2nd. Argus upgraded Omnicom Group from a “hold” rating to a “buy” rating in a research note on Tuesday, October 31st. Macquarie cut Omnicom Group from a “neutral” rating to an “underperform” rating and set a $83.00 price objective on the stock. in a research note on Tuesday, January 2nd. Finally, Royal Bank of Canada dropped their price objective on Omnicom Group from $96.00 to $87.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 18th. Five analysts have rated the stock with a sell rating, nine have assigned a hold rating and three have given a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $83.71.

In related news, insider Peter K. Sherman sold 8,310 shares of the stock in a transaction on Monday, December 11th. The stock was sold at an average price of $74.31, for a total value of $617,516.10. Following the sale, the insider now owns 21,271 shares in the company, valued at approximately $1,580,648.01. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.10% of the stock is currently owned by corporate insiders.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Eagle Ridge Investment Management bought a new stake in Omnicom Group in the 3rd quarter valued at $201,000. Dynamic Technology Lab Private Ltd bought a new stake in Omnicom Group in the 3rd quarter valued at $205,000. Cable Hill Partners LLC grew its holdings in Omnicom Group by 3,527.5% in the 3rd quarter. Cable Hill Partners LLC now owns 2,902 shares of the business services provider’s stock valued at $215,000 after buying an additional 2,822 shares in the last quarter. Oak Point Wealth Management acquired a new position in Omnicom Group in the 4th quarter valued at $219,000. Finally, MML Investors Services LLC grew its holdings in Omnicom Group by 16.2% in the 2nd quarter. MML Investors Services LLC now owns 3,013 shares of the business services provider’s stock valued at $250,000 after buying an additional 421 shares in the last quarter.

Shares of Omnicom Group (OMC) opened at $74.96 on Friday. Omnicom Group has a 12 month low of $65.32 and a 12 month high of $87.43. The company has a market capitalization of $17,280.00, a P/E ratio of 14.93, a price-to-earnings-growth ratio of 2.01 and a beta of 1.23. The company has a debt-to-equity ratio of 1.62, a current ratio of 0.90 and a quick ratio of 0.79.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, January 9th. Investors of record on Tuesday, December 19th were paid a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a yield of 3.20%. The ex-dividend date of this dividend was Monday, December 18th. This is a boost from Omnicom Group’s previous quarterly dividend of $0.55. Omnicom Group’s dividend payout ratio is 47.81%.

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

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