Zacks: Analysts Expect Omnicom Group Inc. (NYSE:OMC) Will Announce Quarterly Sales of $3.46 Billion

Wall Street brokerages expect that Omnicom Group Inc. (NYSE:OMC – Get Rating) will report $3.46 billion in sales for the current quarter, Zacks Investment Research reports. Two analysts have provided estimates for Omnicom Group’s earnings. Omnicom Group posted sales of $3.57 billion in the same quarter last year, which would indicate a negative year-over-year growth rate of 3.1%. The business is expected to announce its next earnings report on Monday, January 1st.

On average, analysts expect that Omnicom Group will report full year sales of $14.29 billion for the current year, with estimates ranging from $14.28 billion to $14.31 billion. For the next financial year, analysts expect that the business will report sales of $14.76 billion, with estimates ranging from $14.74 billion to $14.78 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for Omnicom Group.

Omnicom Group (NYSE:OMC – Get Rating) last posted its quarterly earnings data on Tuesday, April 19th. The business services provider reported $1.39 EPS for the quarter, beating analysts’ consensus estimates of $1.28 by $0.11. The company had revenue of $3.41 billion for the quarter, compared to analyst estimates of $3.29 billion. Omnicom Group had a net margin of 9.06% and a return on equity of 37.06%. The company’s quarterly revenue was down .5% on a year-over-year basis. During the same period in the prior year, the firm posted $1.33 EPS.

A number of equities analysts have recently commented on OMC shares. Bank of America raised their price objective on shares of Omnicom Group from $67.00 to $77.00 and gave the company an “underperform” rating in a research report on Wednesday, February 9th. BMO Capital Markets boosted their target price on shares of Omnicom Group from $82.00 to $89.00 in a report on Thursday, April 21st. Morgan Stanley lifted their price target on Omnicom Group from $78.00 to $84.00 and gave the stock an “underweight” rating in a research report on Thursday, February 10th. Barclays lowered Omnicom Group from an “overweight” rating to an “equal weight” rating and decreased their target price for the stock from $103.00 to $90.00 in a research report on Monday, March 14th. Finally, Wells Fargo & Company boosted their target price on Omnicom Group from $85.00 to $96.00 and gave the stock an “equal weight” rating in a research report on Wednesday, February 9th. Three research analysts have rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $88.80.

Shares of OMC stock traded up $1.48 on Monday, hitting $77.01. The stock had a trading volume of 1,187,140 shares, compared to its average volume of 1,590,035. The business has a 50 day moving average of $80.10 and a 200 day moving average of $76.56. The stock has a market cap of $15.84 billion, a price-to-earnings ratio of 12.77, a price-to-earnings-growth ratio of 2.14 and a beta of 0.77. The company has a debt-to-equity ratio of 1.59, a current ratio of 0.94 and a quick ratio of 0.85. Omnicom Group has a 12-month low of $65.76 and a 12-month high of $91.61.

The company also recently announced a quarterly dividend, which will be paid on Friday, July 8th. Investors of record on Friday, June 10th will be given a $0.70 dividend. The ex-dividend date of this dividend is Thursday, June 9th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.64%. Omnicom Group’s dividend payout ratio (DPR) is presently 46.43%.

In other news, VP Rochelle M. Tarlowe sold 1,500 shares of the stock in a transaction that occurred on Tuesday, February 15th. The stock was sold at an average price of $85.86, for a total transaction of $128,790.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Linda Johnson Rice sold 1,900 shares of the stock in a transaction that occurred on Monday, April 25th. The stock was sold at an average price of $77.88, for a total value of $147,972.00. Following the transaction, the director now directly owns 9,784 shares of the company’s stock, valued at $761,977.92. The disclosure for this sale can be found here. 1.30% of the stock is currently owned by company insiders.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in OMC. Glenview Trust Co grew its holdings in Omnicom Group by 0.8% during the 4th quarter. Glenview Trust Co now owns 17,992 shares of the business services provider’s stock valued at $1,318,000 after buying an additional 135 shares during the last quarter. Capital Investment Advisory Services LLC grew its holdings in Omnicom Group by 2.7% during the 1st quarter. Capital Investment Advisory Services LLC now owns 5,376 shares of the business services provider’s stock valued at $456,000 after buying an additional 142 shares during the last quarter. Koshinski Asset Management Inc. grew its holdings in Omnicom Group by 3.7% during the 4th quarter. Koshinski Asset Management Inc. now owns 4,045 shares of the business services provider’s stock valued at $296,000 after buying an additional 143 shares during the last quarter. People s United Financial Inc. grew its holdings in Omnicom Group by 4.2% during the 4th quarter. People s United Financial Inc. now owns 3,785 shares of the business services provider’s stock valued at $277,000 after buying an additional 151 shares during the last quarter. Finally, Vestmark Advisory Solutions Inc. grew its holdings in Omnicom Group by 1.8% during the 4th quarter. Vestmark Advisory Solutions Inc. now owns 9,018 shares of the business services provider’s stock valued at $661,000 after buying an additional 158 shares during the last quarter. 93.08% of the stock is owned by hedge funds and other institutional investors.

About Omnicom Group (Get Rating)

Omnicom Group Inc, together with its subsidiaries, provides advertising, marketing, and corporate communications services. It provides a range of services in the areas of advertising, customer relationship management, public relations, and healthcare. The company's services include advertising, branding, content marketing, corporate social responsibility consulting, crisis communications, custom publishing, data analytics, database management, digital/direct marketing, digital transformation, entertainment marketing, experiential marketing, field marketing, financial/corporate business-to-business advertising, graphic arts/digital imaging, healthcare marketing and communications, and in-store design services.

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