Omnicom Group Inc. (OMC) Expected to Announce Quarterly Sales of $4.23 Billion
Equities analysts expect Omnicom Group Inc. (NYSE:OMC) to post sales of $4.23 billion for the current fiscal quarter, Zacks Investment Research reports. Three analysts have made estimates for Omnicom Group’s earnings, with the lowest sales estimate coming in at $4.22 billion and the highest estimate coming in at $4.25 billion. Omnicom Group reported sales of $4.24 billion during the same quarter last year, which would suggest a negative year over year growth rate of 0.2%. The firm is scheduled to report its next earnings report on Tuesday, February 6th.
On average, analysts expect that Omnicom Group will report full year sales of $4.23 billion for the current year, with estimates ranging from $15.30 billion to $15.34 billion. For the next year, analysts expect that the company will post sales of $15.73 billion per share, with estimates ranging from $15.66 billion to $15.81 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research firms that cover Omnicom Group.
Omnicom Group (NYSE:OMC) last issued its quarterly earnings results on Tuesday, October 17th. The business services provider reported $1.13 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.10 by $0.03. The firm had revenue of $3.72 billion for the quarter, compared to analyst estimates of $3.69 billion. Omnicom Group had a return on equity of 42.11% and a net margin of 7.72%. The business’s revenue was down 1.9% on a year-over-year basis. During the same period in the previous year, the company posted $1.06 earnings per share.
OMC has been the topic of a number of research analyst reports. Zacks Investment Research lowered Omnicom Group from a “buy” rating to a “hold” rating in a research note on Monday, July 17th. Wells Fargo & Company reaffirmed a “hold” rating and issued a $84.00 price target on shares of Omnicom Group in a research note on Tuesday, July 18th. Royal Bank Of Canada set a $96.00 price target on Omnicom Group and gave the stock a “buy” rating in a research note on Saturday, July 22nd. BidaskClub lowered Omnicom Group from a “sell” rating to a “strong sell” rating in a research note on Tuesday, August 1st. Finally, Citigroup Inc. raised Omnicom Group from a “sell” rating to a “neutral” rating in a research note on Wednesday, September 6th. Three research analysts have rated the stock with a sell rating, twelve have given a hold rating and three have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $84.00.
Shares of Omnicom Group (OMC) opened at $67.55 on Friday. The company has a debt-to-equity ratio of 1.62, a current ratio of 0.90 and a quick ratio of 0.79. The stock has a market capitalization of $15,572.50, a P/E ratio of 13.59, a PEG ratio of 1.82 and a beta of 1.22. Omnicom Group has a 12 month low of $65.32 and a 12 month high of $89.66.
In other Omnicom Group news, Director Linda Johnson Rice sold 489 shares of Omnicom Group stock in a transaction on Thursday, October 19th. The stock was sold at an average price of $74.32, for a total value of $36,342.48. Following the sale, the director now owns 7,777 shares in the company, valued at $577,986.64. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 1.10% of the stock is owned by insiders.
A number of large investors have recently bought and sold shares of the business. Security National Bank of Sioux City Iowa IA raised its position in Omnicom Group by 0.3% in the second quarter. Security National Bank of Sioux City Iowa IA now owns 11,858 shares of the business services provider’s stock valued at $983,000 after purchasing an additional 35 shares during the period. Pennsylvania Trust Co raised its position in Omnicom Group by 1.1% in the second quarter. Pennsylvania Trust Co now owns 4,596 shares of the business services provider’s stock valued at $381,000 after purchasing an additional 50 shares during the period. Financial Counselors Inc. raised its position in Omnicom Group by 1.5% in the second quarter. Financial Counselors Inc. now owns 3,728 shares of the business services provider’s stock valued at $309,000 after purchasing an additional 54 shares during the period. WMS Partners LLC raised its position in Omnicom Group by 1.2% in the second quarter. WMS Partners LLC now owns 4,650 shares of the business services provider’s stock valued at $385,000 after purchasing an additional 55 shares during the period. Finally, Tdam USA Inc. raised its position in Omnicom Group by 0.5% in the second quarter. Tdam USA Inc. now owns 16,379 shares of the business services provider’s stock valued at $1,365,000 after purchasing an additional 74 shares during the period. Institutional investors own 99.67% of the company’s stock.
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Omnicom Group Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Omnicom Group Inc. and related companies with MarketBeat.com's FREE daily email newsletter.