Wall Street analysts forecast that Omnicom Group Inc. (NYSE:OMC) will report earnings of $1.66 per share for the current quarter, Zacks reports. Two analysts have made estimates for Omnicom Group’s earnings, with the lowest EPS estimate coming in at $1.65 and the highest estimate coming in at $1.67. Omnicom Group posted earnings per share of $1.55 in the same quarter last year, which would indicate a positive year over year growth rate of 7.1%. The company is scheduled to report its next quarterly earnings report on Thursday, February 21st.
According to Zacks, analysts expect that Omnicom Group will report full-year earnings of $5.63 per share for the current financial year, with EPS estimates ranging from $5.60 to $5.67. For the next financial year, analysts forecast that the company will report earnings of $5.68 per share, with EPS estimates ranging from $5.51 to $5.81. Zacks’ EPS averages are a mean average based on a survey of sell-side research firms that cover Omnicom Group.
Omnicom Group (NYSE:OMC) last released its earnings results on Tuesday, October 16th. The business services provider reported $1.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.21 by $0.03. The business had revenue of $3.71 billion for the quarter, compared to analyst estimates of $3.68 billion. Omnicom Group had a return on equity of 41.70% and a net margin of 7.68%. Omnicom Group’s revenue was down .1% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.13 earnings per share.
OMC has been the topic of several research analyst reports. Zacks Investment Research upgraded Omnicom Group from a “sell” rating to a “hold” rating in a research note on Thursday, September 6th. ValuEngine upgraded Omnicom Group from a “sell” rating to a “hold” rating in a research note on Wednesday, October 17th. Pivotal Research upped their price objective on Omnicom Group from $65.00 to $66.00 and gave the company a “hold” rating in a research note on Tuesday, October 16th. Citigroup upped their price objective on Omnicom Group from $80.00 to $82.00 and gave the company a “neutral” rating in a research note on Wednesday, October 24th. Finally, Barclays set a $76.00 price objective on Omnicom Group and gave the company a “sell” rating in a research note on Wednesday, October 17th. Four equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $75.40.
In other news, CEO Jonathan B. Nelson sold 13,000 shares of the company’s stock in a transaction that occurred on Friday, October 19th. The stock was sold at an average price of $77.38, for a total value of $1,005,940.00. Following the transaction, the chief executive officer now owns 58,569 shares of the company’s stock, valued at $4,532,069.22. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Linda Johnson Rice sold 533 shares of the company’s stock in a transaction that occurred on Thursday, October 18th. The shares were sold at an average price of $76.28, for a total value of $40,657.24. Following the completion of the transaction, the director now directly owns 8,027 shares in the company, valued at approximately $612,299.56. The disclosure for this sale can be found here. Insiders sold 14,233 shares of company stock worth $1,098,528 in the last 90 days. Corporate insiders own 1.20% of the company’s stock.
Several institutional investors have recently bought and sold shares of OMC. Resources Management Corp CT ADV acquired a new position in shares of Omnicom Group in the third quarter valued at approximately $104,000. Stratos Wealth Partners LTD. acquired a new position in shares of Omnicom Group in the third quarter valued at approximately $107,000. LFA Lugano Financial Advisors SA acquired a new position in shares of Omnicom Group in the second quarter valued at approximately $185,000. Piedmont Investment Advisors LLC acquired a new position in shares of Omnicom Group in the second quarter valued at approximately $199,000. Finally, Lourd Capital LLC acquired a new position in shares of Omnicom Group in the third quarter valued at approximately $201,000.
NYSE:OMC opened at $75.50 on Friday. The company has a debt-to-equity ratio of 1.48, a quick ratio of 0.77 and a current ratio of 0.87. The company has a market capitalization of $16.95 billion, a price-to-earnings ratio of 14.80, a price-to-earnings-growth ratio of 2.07 and a beta of 0.76. Omnicom Group has a 12-month low of $65.85 and a 12-month high of $83.34.
About Omnicom Group
Omnicom Group Inc, together with its subsidiaries, provides advertising, marketing, and corporate communications services. The company offers a range of services in the areas of advertising, customer relationship management, public relations, and healthcare. Its services comprises advertising, branding, content marketing, corporate social responsibility consulting, crisis communication, custom publishing, data analytics, database management, digital/direct marketing, digital transformation, financial/corporate business-to-business advertising, graphic arts/digital imaging, healthcare marketing and communications, and instore design services.
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