$3.46 Billion in Sales Expected for Omnicom Group Inc. (NYSE:OMC) This Quarter

Wall Street brokerages expect Omnicom Group Inc. (NYSE:OMCGet Rating) to post sales of $3.46 billion for the current fiscal quarter, according to Zacks. Two analysts have issued estimates for Omnicom Group’s earnings. Omnicom Group reported sales of $3.57 billion in the same quarter last year, which indicates a negative year over year growth rate of 3.1%. The company is expected to issue its next earnings report on Monday, January 1st.

According to Zacks, 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 fiscal year, analysts forecast that the firm will report sales of $14.76 billion, with estimates ranging from $14.74 billion to $14.78 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side analysts that cover Omnicom Group.

Omnicom Group (NYSE:OMCGet Rating) last issued its earnings results on Tuesday, April 19th. The business services provider reported $1.39 earnings per share for the quarter, topping analysts’ consensus estimates of $1.31 by $0.08. Omnicom Group had a net margin of 9.06% and a return on equity of 37.06%. The business had revenue of $3.41 billion for the quarter, compared to the consensus estimate of $3.29 billion. During the same period in the previous year, the company earned $1.33 earnings per share. The firm’s revenue for the quarter was down .5% on a year-over-year basis.

Several equities research analysts recently weighed in on OMC shares. Bank of America upped their price objective on shares of Omnicom Group from $67.00 to $77.00 and gave the stock an “underperform” rating in a research report on Wednesday, February 9th. Barclays cut Omnicom Group from an “overweight” rating to an “equal weight” rating and cut their price target for the stock from $103.00 to $90.00 in a report on Monday, March 14th. BMO Capital Markets increased their target price on Omnicom Group from $82.00 to $89.00 in a report on Thursday, April 21st. Macquarie raised their price objective on Omnicom Group from $85.00 to $98.00 and gave the company an “outperform” rating in a research note on Thursday, February 10th. Finally, Zacks Investment Research cut Omnicom Group from a “hold” rating to a “sell” rating and set a $81.00 price objective on the stock. in a research note on Wednesday, January 12th. Three equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, Omnicom Group presently has an average rating of “Hold” and a consensus price target of $88.80.

In other news, VP Rochelle M. Tarlowe sold 1,500 shares of Omnicom Group stock in a transaction that occurred 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 is accessible through the SEC website. Also, CAO Andrew Castellaneta sold 5,000 shares of Omnicom Group stock in a transaction that occurred 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. Insiders sold 8,400 shares of company stock worth $704,112 in the last ninety days. Corporate insiders own 1.30% of the company’s stock.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Clean Yield Group grew its stake in Omnicom Group by 150.7% during the 4th quarter. Clean Yield Group now owns 341 shares of the business services provider’s stock valued at $25,000 after purchasing an additional 205 shares during the last quarter. Carl Stuart Investment Advisor Inc. acquired a new position in shares of Omnicom Group during the first quarter valued at approximately $34,000. TCI Wealth Advisors Inc. raised its holdings in shares of Omnicom Group by 705.9% during the fourth quarter. TCI Wealth Advisors Inc. now owns 411 shares of the business services provider’s stock valued at $30,000 after acquiring an additional 360 shares during the last quarter. Independence Bank of Kentucky acquired a new stake in shares of Omnicom Group in the first quarter valued at approximately $37,000. Finally, Massmutual Trust Co. FSB ADV increased its holdings in shares of Omnicom Group by 475.3% in the third quarter. Massmutual Trust Co. FSB ADV now owns 489 shares of the business services provider’s stock valued at $35,000 after purchasing an additional 404 shares during the last quarter. 93.08% of the stock is owned by hedge funds and other institutional investors.

Shares of Omnicom Group stock opened at $77.38 on Monday. The firm has a 50-day moving average of $80.57 and a 200-day moving average of $76.46. The stock has a market cap of $15.92 billion, a PE ratio of 12.83, a PEG ratio of 2.22 and a beta of 0.77. Omnicom Group has a 52-week low of $65.76 and a 52-week high of $91.61. The company has a debt-to-equity ratio of 1.59, a quick ratio of 0.85 and a current ratio of 0.94.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 8th. Stockholders of record on Friday, June 10th will be paid a $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 3.62%. The ex-dividend date of this dividend is Thursday, June 9th. Omnicom Group’s dividend payout ratio (DPR) is currently 46.43%.

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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