Omnicom Group (NYSE:OMC) issued its quarterly earnings data on Thursday. The business services provider reported $1.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.54 by $0.01, Bloomberg Earnings reports. Omnicom Group had a net margin of 7.72% and a return on equity of 42.11%. The firm had revenue of $4.18 billion for the quarter, compared to the consensus estimate of $4.21 billion. During the same quarter in the previous year, the firm earned $1.47 EPS. The company’s quarterly revenue was down 1.5% compared to the same quarter last year.
Omnicom Group (OMC) traded down $5.94 during mid-day trading on Thursday, reaching $76.84. 2,520,894 shares of the company were exchanged, compared to its average volume of 2,808,569. The firm has a market cap of $18,341.18, a PE ratio of 16.49, a PEG ratio of 2.59 and a beta of 1.20. 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 $86.71.
In other Omnicom Group news, insider Peter K. Sherman sold 8,310 shares of Omnicom Group stock in a transaction that occurred on Monday, December 11th. The shares were sold at an average price of $74.31, for a total transaction of $617,516.10. Following the completion of the sale, the insider now directly owns 21,271 shares in the company, valued at approximately $1,580,648.01. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 1.10% of the stock is owned by company insiders.
A number of brokerages have recently issued reports on OMC. TheStreet downgraded shares of Omnicom Group from a “b-” rating to a “c+” rating in a research report on Tuesday, November 21st. Zacks Investment Research raised shares of Omnicom Group from a “sell” rating to a “hold” rating in a research report on Wednesday, January 24th. Barclays reiterated a “hold” rating and issued a $81.00 target price on shares of Omnicom Group in a research note on Thursday, January 25th. Royal Bank of Canada lowered their target price on shares of Omnicom Group from $96.00 to $87.00 and set an “outperform” rating for the company in a research note on Wednesday, October 18th. Finally, Telsey Advisory Group upgraded shares of Omnicom Group from a “market perform” rating to an “outperform” rating and lifted their target price for the stock from $86.00 to $89.00 in a research note on Wednesday, October 18th. Five analysts have rated the stock with a sell rating, ten have assigned a hold rating and three have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $83.64.
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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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