Omnicom Group Inc. (NYSE:OMC) – Equities research analysts at Jefferies Group upped their Q1 2017 earnings per share estimates for Omnicom Group in a report released on Tuesday. Jefferies Group analyst J. Janedis now anticipates that the brokerage will post earnings per share of $0.97 for the quarter, up from their prior estimate of $0.96. Jefferies Group currently has a “Hold” rating on the stock. Jefferies Group also issued estimates for Omnicom Group’s Q3 2017 earnings at $1.13 EPS, Q4 2017 earnings at $1.54 EPS, FY2017 earnings at $5.08 EPS, Q1 2018 earnings at $1.03 EPS, Q2 2018 earnings at $1.54 EPS, Q3 2018 earnings at $1.21 EPS and FY2018 earnings at $5.42 EPS.
Omnicom Group (NYSE:OMC) last announced its quarterly earnings results on Tuesday, February 7th. The company reported $1.47 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.44 by $0.03. The business earned $4.24 billion during the quarter, compared to the consensus estimate of $4.26 billion. Omnicom Group had a net margin of 7.42% and a return on equity of 40.34%. The business’s revenue was up 2.1% compared to the same quarter last year. During the same quarter last year, the firm earned $1.35 EPS.
A number of other research analysts have also issued reports on the stock. Argus lowered shares of Omnicom Group from a “buy” rating to a “hold” rating in a research note on Thursday. Wedbush upped their target price on shares of Omnicom Group from $86.00 to $90.00 and gave the stock a “neutral” rating in a research report on Thursday, February 2nd. Pivotal Research restated a “hold” rating and set a $79.00 target price on shares of Omnicom Group in a research report on Thursday, January 12th. Finally, Zacks Investment Research lowered shares of Omnicom Group from a “buy” rating to a “hold” rating in a research report on Friday, October 21st. Thirteen equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $86.27.
Shares of Omnicom Group (NYSE:OMC) opened at 85.33 on Friday. Omnicom Group has a one year low of $73.15 and a one year high of $89.66. The firm has a market cap of $20.13 billion, a P/E ratio of 17.85 and a beta of 1.28. The stock’s 50 day moving average is $85.61 and its 200-day moving average is $84.30.
Institutional investors have recently made changes to their positions in the stock. Institutional Capital LLC increased its position in shares of Omnicom Group by 138.8% in the fourth quarter. Institutional Capital LLC now owns 2,350,056 shares of the company’s stock valued at $200,013,000 after buying an additional 1,365,822 shares during the last quarter. FIL Ltd raised its position in shares of Omnicom Group by 18.3% in the fourth quarter. FIL Ltd now owns 3,647,939 shares of the company’s stock valued at $310,476,000 after buying an additional 563,853 shares during the period. Morgan Stanley raised its position in shares of Omnicom Group by 158.4% in the third quarter. Morgan Stanley now owns 918,691 shares of the company’s stock valued at $78,088,000 after buying an additional 563,152 shares during the period. Panagora Asset Management Inc. raised its position in shares of Omnicom Group by 86.3% in the second quarter. Panagora Asset Management Inc. now owns 897,099 shares of the company’s stock valued at $73,105,000 after buying an additional 415,671 shares during the period. Finally, State Street Corp raised its position in shares of Omnicom Group by 4.3% in the fourth quarter. State Street Corp now owns 9,744,064 shares of the company’s stock valued at $829,322,000 after buying an additional 406,076 shares during the period. 96.46% of the stock is currently owned by institutional investors and hedge funds.
In related news, Director Leonard S. Coleman, Jr. sold 986 shares of the company’s stock in a transaction that occurred on Wednesday, November 23rd. The shares were sold at an average price of $87.74, for a total transaction of $86,511.64. Following the transaction, the director now owns 26,829 shares of the company’s stock, valued at $2,353,976.46. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 1.10% of the company’s stock.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 7th. Investors of record on Thursday, March 9th will be paid a dividend of $0.55 per share. This represents a $2.20 annualized dividend and a dividend yield of 2.58%. The ex-dividend date is Tuesday, March 7th. Omnicom Group’s payout ratio is 45.93%.
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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