Omnicom Group (NYSE:OMC) Posts Earnings Results, Beats Expectations By $0.08 EPS

Omnicom Group (NYSE:OMCGet Rating) announced its quarterly earnings results on Tuesday. The business services provider reported $1.39 earnings per share for the quarter, topping analysts’ consensus estimates of $1.31 by $0.08, MarketWatch Earnings reports. The business had revenue of $3.41 billion for the quarter, compared to analysts’ expectations of $3.29 billion. Omnicom Group had a return on equity of 36.60% and a net margin of 9.85%. The business’s quarterly revenue was down .5% on a year-over-year basis. During the same period in the prior year, the firm earned $1.33 EPS.

Shares of Omnicom Group stock traded up $4.81 during midday trading on Wednesday, hitting $85.63. The company had a trading volume of 23,479 shares, compared to its average volume of 2,024,997. The business’s 50 day simple moving average is $82.02 and its two-hundred day simple moving average is $76.11. The stock has a market cap of $17.72 billion, a PE ratio of 12.38, a P/E/G ratio of 2.27 and a beta of 0.75. The company has a debt-to-equity ratio of 1.51, a current ratio of 0.98 and a quick ratio of 0.91. Omnicom Group has a 1-year low of $65.76 and a 1-year high of $91.61.

The business also recently declared a quarterly dividend, which was paid on Friday, April 8th. Shareholders of record on Thursday, March 10th were issued a dividend of $0.70 per share. The ex-dividend date was Wednesday, March 9th. This represents a $2.80 annualized dividend and a yield of 3.27%. Omnicom Group’s dividend payout ratio (DPR) is presently 42.88%.

In related news, VP Rochelle M. Tarlowe sold 1,500 shares of the firm’s stock in a transaction on Tuesday, February 15th. The stock was sold at an average price of $85.86, for a total value of $128,790.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Andrew Castellaneta sold 5,000 shares of the firm’s stock in a transaction on Friday, February 11th. The stock was sold at an average price of $85.47, for a total value of $427,350.00. The disclosure for this sale can be found here. Company insiders own 1.30% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of the business. Lombard Odier Asset Management USA Corp bought a new position in shares of Omnicom Group in the fourth quarter valued at about $409,000. Schonfeld Strategic Advisors LLC acquired a new position in shares of Omnicom Group during the 4th quarter worth approximately $638,000. Sei Investments Co. grew its holdings in Omnicom Group by 7.8% in the 4th quarter. Sei Investments Co. now owns 159,924 shares of the business services provider’s stock valued at $11,724,000 after buying an additional 11,595 shares in the last quarter. Metropolitan Life Insurance Co NY grew its holdings in Omnicom Group by 15.8% in the 4th quarter. Metropolitan Life Insurance Co NY now owns 24,255 shares of the business services provider’s stock valued at $1,777,000 after buying an additional 3,304 shares in the last quarter. Finally, Penserra Capital Management LLC grew its holdings in Omnicom Group by 22.1% in the 4th quarter. Penserra Capital Management LLC now owns 1,271 shares of the business services provider’s stock valued at $92,000 after buying an additional 230 shares in the last quarter. 91.35% of the stock is owned by institutional investors.

OMC has been the topic of several analyst reports. Macquarie raised their target price on Omnicom Group from $85.00 to $98.00 and gave the company an “outperform” rating in a research report on Thursday, February 10th. Zacks Investment Research cut Omnicom Group from a “hold” rating to a “sell” rating and set a $81.00 target price on the stock. in a research report on Wednesday, January 12th. Wolfe Research lifted their price target on Omnicom Group from $81.00 to $85.00 and gave the company a “peer perform” rating in a research report on Wednesday, February 9th. Morgan Stanley lifted their price target on Omnicom Group from $78.00 to $84.00 and gave the company an “underweight” rating in a research report on Thursday, February 10th. Finally, Wells Fargo & Company lifted their price target on Omnicom Group from $85.00 to $96.00 and gave the company an “equal weight” rating in a research report on Wednesday, February 9th. Three equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Omnicom Group has a consensus rating of “Hold” and a consensus price target of $87.90.

Omnicom Group Company Profile (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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Earnings History for Omnicom Group (NYSE:OMC)

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