Wall Street brokerages forecast that Omnicom Group Inc. (NYSE:OMC) will announce earnings per share (EPS) of $1.21 for the current quarter, Zacks reports. Three analysts have made estimates for Omnicom Group’s earnings. The lowest EPS estimate is $1.20 and the highest is $1.22. Omnicom Group reported earnings of $1.13 per share during the same quarter last year, which would indicate a positive year over year growth rate of 7.1%. The firm is expected to announce its next earnings results on Tuesday, October 16th.
According to Zacks, analysts expect that Omnicom Group will report full-year earnings of $5.58 per share for the current year, with EPS estimates ranging from $5.41 to $5.64. For the next fiscal year, analysts anticipate that the company will post earnings of $5.72 per share, with EPS estimates ranging from $5.34 to $5.85. Zacks Investment Research’s earnings per share averages are an average based on a survey of analysts that follow Omnicom Group.
Omnicom Group (NYSE:OMC) last posted its quarterly earnings results on Tuesday, July 17th. The business services provider reported $1.60 EPS for the quarter, topping the Zacks’ consensus estimate of $1.54 by $0.06. Omnicom Group had a return on equity of 40.82% and a net margin of 7.45%. The company had revenue of $3.86 billion for the quarter, compared to analysts’ expectations of $3.88 billion. During the same period in the previous year, the firm earned $1.40 EPS. The firm’s revenue was up 1.8% compared to the same quarter last year.
Several brokerages have recently issued reports on OMC. Zacks Investment Research cut Omnicom Group from a “hold” rating to a “sell” rating in a report on Tuesday, June 19th. Moffett Nathanson began coverage on Omnicom Group in a research report on Tuesday, June 19th. They set a “sell” rating and a $63.00 target price on the stock. ValuEngine raised Omnicom Group from a “sell” rating to a “hold” rating in a research report on Thursday, July 12th. Wells Fargo & Co reissued a “market perform” rating and set a $75.00 target price (down previously from $80.00) on shares of Omnicom Group in a research report on Tuesday, July 17th. Finally, Royal Bank of Canada cut their target price on Omnicom Group to $75.00 and set a “$70.60” rating on the stock in a research report on Wednesday, July 18th. Five research analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $76.91.
In other news, Director Linda Johnson Rice sold 475 shares of the business’s stock in a transaction that occurred on Thursday, July 19th. The stock was sold at an average price of $70.02, for a total transaction of $33,259.50. Following the transaction, the director now owns 7,966 shares of the company’s stock, valued at approximately $557,779.32. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In the last three months, insiders have sold 1,075 shares of company stock worth $74,289. Corporate insiders own 1.20% of the company’s stock.
A number of institutional investors have recently made changes to their positions in OMC. Dimensional Fund Advisors LP lifted its stake in shares of Omnicom Group by 9.3% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,014,376 shares of the business services provider’s stock worth $73,715,000 after purchasing an additional 86,472 shares during the last quarter. Sei Investments Co. lifted its stake in shares of Omnicom Group by 28.9% during the 1st quarter. Sei Investments Co. now owns 37,836 shares of the business services provider’s stock worth $2,749,000 after purchasing an additional 8,491 shares during the last quarter. GSA Capital Partners LLP purchased a new stake in Omnicom Group in the first quarter valued at about $364,000. State of Tennessee Treasury Department raised its stake in Omnicom Group by 7.6% in the first quarter. State of Tennessee Treasury Department now owns 150,292 shares of the business services provider’s stock valued at $10,922,000 after buying an additional 10,654 shares during the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec raised its stake in Omnicom Group by 8.4% in the first quarter. Caisse DE Depot ET Placement DU Quebec now owns 46,431 shares of the business services provider’s stock valued at $3,374,000 after buying an additional 3,600 shares during the last quarter.
NYSE OMC traded down $0.44 during trading hours on Thursday, reaching $71.91. The company’s stock had a trading volume of 182,295 shares, compared to its average volume of 2,243,244. The company has a current ratio of 0.89, a quick ratio of 0.78 and a debt-to-equity ratio of 1.70. Omnicom Group has a 1 year low of $65.32 and a 1 year high of $83.34. The stock has a market cap of $15.26 billion, a PE ratio of 14.11, a P/E/G ratio of 2.17 and a beta of 1.06.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 10th. Stockholders of record on Friday, September 21st will be given a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a dividend yield of 3.34%. The ex-dividend date of this dividend is Thursday, September 20th. Omnicom Group’s dividend payout ratio is currently 47.06%.
Omnicom Group Company Profile
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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