Zacks: Brokerages Anticipate Omnicom Group (OMC) Will Post Quarterly Sales of $3.95 Billion

Analysts expect that Omnicom Group (NYSE:OMC) will report $3.95 billion in sales for the current quarter, according to Zacks. Three analysts have made estimates for Omnicom Group’s earnings. The lowest sales estimate is $3.92 billion and the highest is $3.99 billion. Omnicom Group posted sales of $3.79 billion in the same quarter last year, which suggests a positive year over year growth rate of 4.2%. The business is expected to announce its next earnings results on Thursday, July 19th.

On average, analysts expect that Omnicom Group will report full year sales of $15.83 billion for the current year, with estimates ranging from $15.73 billion to $15.92 billion. For the next financial year, analysts forecast that the business will report sales of $16.37 billion per share, with estimates ranging from $16.26 billion to $16.48 billion. Zacks’ sales averages are a mean average based on a survey of sell-side research analysts that follow Omnicom Group.

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Omnicom Group (NYSE:OMC) last issued its quarterly earnings results on Tuesday, April 17th. The business services provider reported $1.14 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.06 by $0.08. Omnicom Group had a net margin of 7.25% and a return on equity of 39.97%. The company had revenue of $3.63 billion during the quarter, compared to analyst estimates of $3.63 billion. During the same quarter last year, the business posted $1.02 EPS. Omnicom Group’s quarterly revenue was up 1.2% compared to the same quarter last year.



OMC has been the subject of a number of recent research reports. TheStreet upgraded shares of Omnicom Group from a “c+” rating to a “b-” rating in a research note on Tuesday, February 13th. Zacks Investment Research upgraded shares of Omnicom Group from a “hold” rating to a “buy” rating and set a $82.00 price objective for the company in a research note on Tuesday, March 20th. Wells Fargo reiterated a “hold” rating and issued a $80.00 price objective on shares of Omnicom Group in a research note on Friday, February 16th. Pivotal Research reduced their price objective on shares of Omnicom Group from $76.00 to $75.00 and set a “hold” rating for the company in a research note on Thursday, February 15th. Finally, ValuEngine lowered shares of Omnicom Group from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. Three equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and three have given a buy rating to the company. Omnicom Group currently has a consensus rating of “Hold” and a consensus price target of $81.36.

In other news, Director Linda Johnson Rice sold 499 shares of the business’s stock in a transaction on Thursday, April 19th. The shares were sold at an average price of $75.31, for a total transaction of $37,579.69. Following the completion of the transaction, the director now directly owns 7,900 shares in the company, valued at approximately $594,949. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Treasurer Dennis E. Hewitt sold 2,000 shares of the business’s stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $77.38, for a total transaction of $154,760.00. Following the transaction, the treasurer now owns 42,561 shares of the company’s stock, valued at $3,293,370.18. The disclosure for this sale can be found here. 1.10% of the stock is owned by insiders.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. SeaCrest Wealth Management LLC bought a new stake in shares of Omnicom Group during the 4th quarter worth $104,000. MUFG Americas Holdings Corp lifted its holdings 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 acquiring an additional 847 shares during the last quarter. Tower Research Capital LLC TRC bought a new stake in shares of Omnicom Group during the 4th quarter worth $199,000. Oak Point Wealth Management bought a new stake in shares of Omnicom Group during the 4th quarter worth $219,000. Finally, Lourd Capital LLC bought a new stake in shares of Omnicom Group during the 4th quarter worth $220,000.

Shares of OMC stock traded down $1.29 during trading hours on Monday, hitting $73.74. 2,815,910 shares of the company were exchanged, compared to its average volume of 1,993,862. Omnicom Group has a 52-week low of $65.32 and a 52-week high of $85.44. The firm has a market cap of $17,053.54, a P/E ratio of 14.37, a PEG ratio of 2.29 and a beta of 1.16. The company has a quick ratio of 0.86, a current ratio of 0.91 and a debt-to-equity ratio of 1.52.

The company also recently declared a quarterly dividend, which was paid on Monday, April 9th. Stockholders of record on Friday, March 9th were given a dividend of $0.60 per share. The ex-dividend date was Thursday, March 8th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 3.25%. Omnicom Group’s dividend payout ratio (DPR) is currently 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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Earnings History and Estimates for Omnicom Group (NYSE:OMC)

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