Omnicom Group (OMC) Releases Earnings Results, Beats Estimates By $0.01 EPS

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 hedge funds and other institutional investors have recently made changes to their positions in the business. Municipal Employees Retirement System of Michigan lifted its stake in Omnicom Group by 205.9% during the 4th quarter. Municipal Employees Retirement System of Michigan now owns 18,230 shares of the business services provider’s stock valued at $1,328,000 after acquiring an additional 12,270 shares during the period. HBK Sorce Advisory LLC acquired a new stake in Omnicom Group during the 4th quarter valued at approximately $464,000. Macquarie Group Ltd. lifted its stake in Omnicom Group by 6.0% during the 4th quarter. Macquarie Group Ltd. now owns 160,770 shares of the business services provider’s stock valued at $11,779,000 after acquiring an additional 9,099 shares during the period. Jane Street Group LLC acquired a new stake in Omnicom Group during the 4th quarter valued at approximately $2,551,000. Finally, LPL Financial LLC lifted its stake in Omnicom Group by 11.7% during the 4th quarter. LPL Financial LLC now owns 9,151 shares of the business services provider’s stock valued at $666,000 after acquiring an additional 955 shares during the period. Institutional investors and hedge funds own 98.62% of the company’s stock.

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.

Earnings History for Omnicom Group (NYSE:OMC)

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