Wall Street analysts predict that Omnicom Group Inc. (NYSE:OMC) will report $4.21 billion in sales for the current fiscal quarter, according to Zacks Investment Research. Three analysts have issued estimates for Omnicom Group’s earnings, with the highest sales estimate coming in at $4.22 billion and the lowest estimate coming in at $4.17 billion. Omnicom Group reported sales of $4.24 billion in the same quarter last year, which indicates a negative year-over-year growth rate of 0.7%. The business is expected to report its next quarterly earnings report on Tuesday, February 6th.
According to Zacks, analysts expect that Omnicom Group will report full-year sales of $4.21 billion for the current fiscal year, with estimates ranging from $15.27 billion to $15.32 billion. For the next year, analysts forecast that the company will report sales of $15.65 billion per share, with estimates ranging from $15.49 billion to $15.79 billion. Zacks’ sales averages are an average based on a survey of analysts that that provide coverage for Omnicom Group.
A number of research analysts have recently weighed in on OMC shares. Credit Suisse Group lifted their price target on Omnicom Group from $78.00 to $80.00 and gave the company a “neutral” rating in a report on Wednesday, October 18th. TheStreet downgraded Omnicom Group from a “b-” rating to a “c+” rating in a report on Tuesday, November 21st. Telsey Advisory Group upgraded Omnicom Group from a “market perform” rating to an “outperform” rating and lifted their price target for the company from $86.00 to $89.00 in a report on Wednesday, October 18th. Morgan Stanley lifted their price target on Omnicom Group from $72.00 to $76.00 and gave the company an “underweight” rating in a report on Wednesday, January 31st. Finally, Wells Fargo & Co reiterated a “market perform” rating and set a $75.00 price target (down previously from $81.00) on shares of Omnicom Group in a report on Thursday, January 18th. Five investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and three have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $83.64.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. First Eagle Investment Management LLC boosted its position in Omnicom Group by 12.4% during 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 purchasing an additional 1,671,452 shares during the last quarter. Pzena Investment Management LLC boosted its position in Omnicom Group by 6.1% during the third quarter. Pzena Investment Management LLC now owns 6,343,295 shares of the business services provider’s stock valued at $469,848,000 after purchasing an additional 364,309 shares during the last quarter. Longview Partners Guernsey LTD boosted its position in Omnicom Group by 41.3% during 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 purchasing an additional 1,653,208 shares during the last quarter. Bank of New York Mellon Corp boosted its position in Omnicom Group by 3.0% during the third quarter. Bank of New York Mellon Corp now owns 4,827,716 shares of the business services provider’s stock valued at $357,589,000 after purchasing an additional 140,862 shares during the last quarter. Finally, Mackenzie Financial Corp lifted its position in shares of Omnicom Group by 3.0% in the third quarter. Mackenzie Financial Corp now owns 4,412,123 shares of the business services provider’s stock worth $326,806,000 after buying an additional 127,320 shares during the last quarter. 98.62% of the stock is owned by hedge funds and other institutional investors.
Omnicom Group (NYSE:OMC) opened at $73.78 on Wednesday. Omnicom Group has a twelve month low of $65.32 and a twelve month high of $86.71. 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 firm has a market capitalization of $16,740.00, a price-to-earnings ratio of 14.46, a PEG ratio of 2.44 and a beta of 1.20.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, January 9th. Investors of record on Tuesday, December 19th were given a dividend of $0.60 per share. This is a boost from Omnicom Group’s previous quarterly dividend of $0.55. The ex-dividend date of this dividend was Monday, December 18th. This represents a $2.40 dividend on an annualized basis and a yield of 3.25%. Omnicom Group’s dividend payout ratio (DPR) is presently 47.81%.
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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