Brokerages expect Omnicom Group Inc. (NYSE:OMC) to announce sales of $3.61 billion for the current fiscal quarter, Zacks Investment Research reports. Three analysts have issued estimates for Omnicom Group’s earnings, with the highest sales estimate coming in at $3.63 billion and the lowest estimate coming in at $3.59 billion. Omnicom Group reported sales of $3.59 billion in the same quarter last year, which indicates a positive year over year growth rate of 0.6%. The firm is expected to report its next earnings report on Tuesday, April 17th.
On average, analysts expect that Omnicom Group will report full-year sales of $3.61 billion for the current financial year, with estimates ranging from $15.80 billion to $15.92 billion. For the next financial year, analysts forecast that the firm will post sales of $16.39 billion per share, with estimates ranging from $16.33 billion to $16.44 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of research firms that that provide coverage for Omnicom Group.
Omnicom Group (NYSE:OMC) last released its earnings results on Thursday, February 15th. The business services provider reported $1.55 EPS for the quarter, topping analysts’ consensus estimates of $1.54 by $0.01. Omnicom Group had a net margin of 7.12% and a return on equity of 40.67%. The firm had revenue of $4.18 billion during the quarter, compared to analyst estimates of $4.21 billion. During the same quarter in the previous year, the business earned $1.47 EPS. The business’s quarterly revenue was down 1.5% compared to the same quarter last year.
Shares of Omnicom Group (NYSE:OMC) opened at $73.45 on Tuesday. The company has a current ratio of 0.93, a quick ratio of 0.86 and a debt-to-equity ratio of 1.56. Omnicom Group has a fifty-two week low of $65.32 and a fifty-two week high of $86.71. The company has a market cap of $16,910.00, a price-to-earnings ratio of 14.37, a price-to-earnings-growth ratio of 2.27 and a beta of 1.15.
The company also recently declared a quarterly dividend, which will be paid on Monday, April 9th. Stockholders of record on Friday, March 9th will be given a dividend of $0.60 per share. The ex-dividend date is Thursday, March 8th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 3.27%. Omnicom Group’s dividend payout ratio is 46.97%.
In other news, Treasurer Dennis E. Hewitt sold 2,000 shares of Omnicom Group stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $77.38, for a total transaction of $154,760.00. Following the transaction, the treasurer now directly owns 42,561 shares of the company’s stock, valued at $3,293,370.18. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Company insiders own 1.10% of the company’s stock.
Several hedge funds and other institutional investors have recently made changes to their positions in the company. First Eagle Investment Management LLC lifted its position in Omnicom Group by 12.4% in the 3rd 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 acquiring an additional 1,671,452 shares in the last quarter. Pzena Investment Management LLC lifted its position in Omnicom Group by 20.7% in the 4th quarter. Pzena Investment Management LLC now owns 7,653,555 shares of the business services provider’s stock valued at $557,408,000 after acquiring an additional 1,310,260 shares in the last quarter. Longview Partners Guernsey LTD lifted its position in Omnicom Group by 12.4% in the 4th quarter. Longview Partners Guernsey LTD now owns 6,355,879 shares of the business services provider’s stock valued at $462,899,000 after acquiring an additional 702,181 shares in the last quarter. Bank of New York Mellon Corp lifted its position in Omnicom Group by 28.3% in the 4th quarter. Bank of New York Mellon Corp now owns 6,194,041 shares of the business services provider’s stock valued at $451,110,000 after acquiring an additional 1,366,325 shares in the last quarter. Finally, Mackenzie Financial Corp lifted its position in Omnicom Group by 11.9% in the 4th quarter. Mackenzie Financial Corp now owns 4,937,280 shares of the business services provider’s stock valued at $359,582,000 after acquiring an additional 525,157 shares in the last quarter. 98.62% of the stock is currently owned by institutional investors.
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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