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.

ILLEGAL ACTIVITY NOTICE: “Omnicom Group Inc. (OMC) Expected to Announce Quarterly Sales of $4.23 Billion” was reported by Daily Political and is the sole property of of Daily Political. If you are viewing this piece on another domain, it was copied illegally and republished in violation of United States & international copyright & trademark law. The correct version of this piece can be accessed at https://www.dailypolitical.com/2017/11/12/omnicom-group-inc-omc-expected-to-announce-quarterly-sales-of-4-23-billion.html.

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.

Get a free copy of the Zacks research report on Omnicom Group (OMC)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Omnicom Group (NYSE:OMC)

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.