Equities research analysts expect Omnicom Group (NYSE:OMC) to report $1.58 earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Three analysts have made estimates for Omnicom Group’s earnings, with estimates ranging from $1.54 to $1.61. Omnicom Group posted earnings of $1.40 per share in the same quarter last year, which would suggest a positive year over year growth rate of 12.9%. The firm is expected to announce its next earnings report on Thursday, July 19th.
According to Zacks, analysts expect that Omnicom Group will report full year earnings of $5.65 per share for the current fiscal year, with EPS estimates ranging from $5.55 to $5.70. For the next financial year, analysts anticipate that the firm will report earnings of $6.08 per share, with EPS estimates ranging from $6.03 to $6.17. Zacks’ earnings per share averages are an 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, April 17th. The business services provider reported $1.14 EPS for the quarter, beating the consensus estimate of $1.06 by $0.08. Omnicom Group had a net margin of 7.25% and a return on equity of 40.75%. The business had revenue of $3.63 billion during the quarter, compared to analyst estimates of $3.63 billion. During the same period in the prior year, the business earned $1.02 earnings per share. The business’s quarterly revenue was up 1.2% on a year-over-year basis.
Several analysts recently commented on the stock. Barclays reissued a “hold” rating and set a $81.00 target price on shares of Omnicom Group in a research note on Thursday, January 25th. Zacks Investment Research lowered shares of Omnicom Group from a “hold” rating to a “sell” rating in a report on Tuesday, January 2nd. Pivotal Research cut their price target on shares of Omnicom Group from $76.00 to $75.00 and set a “hold” rating on the stock in a report on Thursday, February 15th. Macquarie upgraded shares of Omnicom Group from an “underperform” rating to a “neutral” rating and set a $77.00 price target on the stock in a report on Friday, February 16th. Finally, ValuEngine lowered shares of Omnicom Group from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. Three research analysts have rated the stock with a sell rating, twelve have given a hold rating and three have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $82.00.
In other Omnicom Group news, Treasurer Dennis E. Hewitt sold 2,000 shares of the company’s stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $77.38, for a total value of $154,760.00. Following the transaction, the treasurer now owns 42,561 shares in the company, valued at approximately $3,293,370.18. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 1.10% of the stock is currently owned by corporate insiders.
A number of institutional investors have recently added to or reduced their stakes in OMC. SeaCrest Wealth Management LLC acquired a new position in Omnicom Group in the 4th quarter valued at approximately $104,000. MUFG Americas Holdings Corp increased its stake in shares of Omnicom Group by 123.8% during the 4th quarter. MUFG Americas Holdings Corp now owns 1,531 shares of the business services provider’s stock worth $112,000 after purchasing an additional 847 shares during the last quarter. Tower Research Capital LLC TRC acquired a new position in shares of Omnicom Group during the 4th quarter worth $199,000. Oak Point Wealth Management acquired a new position in shares of Omnicom Group during the 4th quarter worth $219,000. Finally, Lourd Capital LLC acquired a new position in shares of Omnicom Group during the 4th quarter worth $220,000.
OMC stock traded up $1.32 on Friday, hitting $76.07. 719,241 shares of the company’s stock traded hands, compared to its average volume of 2,558,955. Omnicom Group has a 1-year low of $65.32 and a 1-year high of $85.44. The firm has a market cap of $17,247.04, a PE ratio of 14.66, a P/E/G ratio of 2.30 and a beta of 1.16. The company has a debt-to-equity ratio of 1.56, a current ratio of 0.93 and a quick ratio of 0.86.
The business also recently disclosed a quarterly dividend, which was paid on Monday, April 9th. Shareholders of record on Friday, March 9th were paid a $0.60 dividend. The ex-dividend date of this dividend was Thursday, March 8th. This represents a $2.40 annualized dividend and a yield of 3.15%. Omnicom Group’s dividend payout ratio is presently 47.06%.
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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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