Wall Street brokerages predict that Omnicom Group Inc. (NYSE:OMC) will post $1.39 earnings per share for the current fiscal quarter, Zacks reports. Three analysts have provided estimates for Omnicom Group’s earnings, with the highest EPS estimate coming in at $1.40 and the lowest estimate coming in at $1.38. Omnicom Group posted earnings of $1.36 per share in the same quarter last year, which indicates a positive year over year growth rate of 2.2%. The firm is expected to announce its next earnings report on Thursday, July 13th.
On average, analysts expect that Omnicom Group will report full year earnings of $5.05 per share for the current fiscal year, with EPS estimates ranging from $5.02 to $5.10. For the next year, analysts anticipate that the company will report earnings of $5.41 per share, with EPS estimates ranging from $5.38 to $5.45. Zacks’ EPS calculations are an average based on a survey of research firms that that provide coverage for Omnicom Group.
Omnicom Group (NYSE:OMC) last announced its quarterly earnings data on Tuesday, April 18th. The business services provider reported $0.97 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.96 by $0.01. The firm had revenue of $3.59 billion during the quarter, compared to the consensus estimate of $3.55 billion. Omnicom Group had a return on equity of 42.34% and a net margin of 7.54%. The business’s revenue for the quarter was up 2.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.90 EPS.
A number of brokerages have commented on OMC. Royal Bank Of Canada set a $96.00 price target on Omnicom Group and gave the stock a “buy” rating in a research report on Tuesday, June 20th. Macquarie cut Omnicom Group from an “outperform” rating to a “neutral” rating and lowered their price target for the stock from $90.00 to $83.00 in a research report on Tuesday, June 6th. Wedbush lowered their price target on Omnicom Group from $90.00 to $89.00 and set a “neutral” rating for the company in a research report on Wednesday, April 19th. Zacks Investment Research raised Omnicom Group from a “sell” rating to a “hold” rating in a research report on Tuesday, June 20th. Finally, Barclays PLC reaffirmed a “hold” rating and set a $86.00 price target on shares of Omnicom Group in a research report on Thursday, April 20th. One investment analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and one has assigned a buy rating to the stock. Omnicom Group currently has an average rating of “Hold” and a consensus target price of $86.23.
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Shares of Omnicom Group (NYSE OMC) traded up 0.44% on Friday, reaching $82.73. The company’s stock had a trading volume of 1,401,917 shares. The stock has a 50-day moving average of $82.99 and a 200 day moving average of $84.70. The company has a market cap of $19.25 billion, a price-to-earnings ratio of 16.87 and a beta of 1.25. Omnicom Group has a 52-week low of $75.61 and a 52-week high of $89.66.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 12th. Investors of record on Wednesday, June 14th will be paid a $0.55 dividend. The ex-dividend date of this dividend is Monday, June 12th. This represents a $2.20 annualized dividend and a dividend yield of 2.66%. Omnicom Group’s dividend payout ratio is presently 44.81%.
In other news, Chairman Bruce Crawford sold 22,800 shares of the business’s stock in a transaction that occurred on Thursday, June 1st. The stock was sold at an average price of $84.91, for a total transaction of $1,935,948.00. Following the transaction, the chairman now directly owns 105,250 shares in the company, valued at approximately $8,936,777.50. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Leonard S. Coleman, Jr. sold 2,038 shares of the business’s stock in a transaction that occurred on Thursday, April 20th. The stock was sold at an average price of $83.93, for a total value of $171,049.34. Following the transaction, the director now owns 24,853 shares in the company, valued at $2,085,912.29. The disclosure for this sale can be found here. 1.10% of the stock is owned by insiders.
Several hedge funds and other institutional investors have recently modified their holdings of OMC. Cleararc Capital Inc. boosted its position in shares of Omnicom Group by 0.3% in the first quarter. Cleararc Capital Inc. now owns 5,744 shares of the business services provider’s stock valued at $495,000 after buying an additional 19 shares in the last quarter. RMB Capital Management LLC boosted its position in shares of Omnicom Group by 0.9% in the first quarter. RMB Capital Management LLC now owns 2,427 shares of the business services provider’s stock valued at $209,000 after buying an additional 21 shares in the last quarter. MUFG Americas Holdings Corp boosted its position in shares of Omnicom Group by 0.3% in the first quarter. MUFG Americas Holdings Corp now owns 8,326 shares of the business services provider’s stock valued at $718,000 after buying an additional 26 shares in the last quarter. Sawtooth Solutions LLC boosted its position in shares of Omnicom Group by 0.4% in the first quarter. Sawtooth Solutions LLC now owns 8,961 shares of the business services provider’s stock valued at $773,000 after buying an additional 33 shares in the last quarter. Finally, Howard Capital Management boosted its position in shares of Omnicom Group by 1.2% in the first quarter. Howard Capital Management now owns 3,452 shares of the business services provider’s stock valued at $298,000 after buying an additional 40 shares in the last quarter. Institutional investors and hedge funds own 97.50% of the company’s stock.
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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