Omnicom Group (NYSE:OMC) is set to release its earnings data before the market opens on Thursday, February 15th. Analysts expect Omnicom Group to post earnings of $1.54 per share for the quarter.
Shares of Omnicom Group (NYSE OMC) opened at $79.56 on Wednesday. The firm has a market cap of $17,739.49, a price-to-earnings ratio of 15.48, a price-to-earnings-growth ratio of 2.51 and a beta of 1.20. The company has a current ratio of 0.90, a quick ratio of 0.79 and a debt-to-equity ratio of 1.62. Omnicom Group has a 12-month low of $65.32 and a 12-month high of $86.71.
Several brokerages have weighed in on OMC. TheStreet cut shares of Omnicom Group from a “b-” rating to a “c+” rating in a research report on Tuesday, November 21st. Barclays reissued a “hold” rating and set a $81.00 price target on shares of Omnicom Group in a research report on Thursday, January 25th. Morgan Stanley upped their price objective on shares of Omnicom Group from $72.00 to $76.00 and gave the stock an “underweight” rating in a report on Wednesday, January 31st. BMO Capital Markets restated a “hold” rating and issued a $85.00 price objective on shares of Omnicom Group in a report on Wednesday, October 18th. Finally, ValuEngine lowered shares of Omnicom Group from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. Five investment analysts have rated the stock with a sell rating, ten have issued a hold rating and three have given a buy rating to the stock. Omnicom Group currently has an average rating of “Hold” and a consensus price target of $83.64.
In other Omnicom Group news, insider Peter K. Sherman sold 8,310 shares of the firm’s stock in a transaction dated Monday, December 11th. The shares were sold at an average price of $74.31, for a total transaction of $617,516.10. Following the completion of the sale, the insider now directly owns 21,271 shares in the company, valued at approximately $1,580,648.01. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 1.10% of the stock is currently owned by company insiders.
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About Omnicom Group
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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