Omnicom Group Inc. (OMC) Expected to Earn Q3 2018 Earnings of $1.21 Per Share
Omnicom Group Inc. (NYSE:OMC) – Investment analysts at Jefferies Group boosted their Q3 2018 earnings per share (EPS) estimates for Omnicom Group in a note issued to investors on Tuesday. Jefferies Group analyst J. Janedis now forecasts that the business services provider will earn $1.21 per share for the quarter, up from their previous forecast of $1.19. Jefferies Group currently has a “Hold” rating and a $82.00 target price on the stock. Jefferies Group also issued estimates for Omnicom Group’s FY2018 earnings at $5.41 EPS.
Several other equities analysts have also weighed in on the stock. Zacks Investment Research lowered shares of Omnicom Group from a “hold” rating to a “sell” rating in a report on Tuesday. BMO Capital Markets restated a “hold” rating and issued a $85.00 price objective on shares of Omnicom Group in a report on Wednesday, September 13th. Citigroup Inc. upgraded shares of Omnicom Group from a “sell” rating to a “neutral” rating in a report on Wednesday, September 6th. Royal Bank Of Canada set a $96.00 price objective on shares of Omnicom Group and gave the stock a “buy” rating in a report on Wednesday, August 23rd. Finally, BidaskClub lowered shares of Omnicom Group from a “sell” rating to a “strong sell” rating in a report on Tuesday, August 1st. Three equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and one has issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $85.92.
COPYRIGHT VIOLATION WARNING: “Omnicom Group Inc. (OMC) Expected to Earn Q3 2018 Earnings of $1.21 Per Share” was originally published by The Cerbat Gem and is owned by of The Cerbat Gem. If you are accessing this story on another domain, it was stolen and republished in violation of United States & international copyright & trademark laws. The correct version of this story can be accessed at https://www.thecerbatgem.com/2017/10/11/omnicom-group-inc-omc-expected-to-earn-q3-2018-earnings-of-1-21-per-share.html.
Omnicom Group (NYSE OMC) traded down 0.38% during mid-day trading on Wednesday, reaching $74.17. 1,019,397 shares of the company were exchanged. The company has a market capitalization of $17.12 billion, a price-to-earnings ratio of 14.98 and a beta of 1.28. The company has a 50 day moving average of $73.91 and a 200-day moving average of $80.16. Omnicom Group has a 1-year low of $71.63 and a 1-year high of $89.66.
Omnicom Group (NYSE:OMC) last announced its quarterly earnings results on Thursday, July 20th. The business services provider reported $1.40 EPS for the quarter, beating the Zacks’ consensus estimate of $1.38 by $0.02. Omnicom Group had a net margin of 7.61% and a return on equity of 42.54%. The firm had revenue of $3.79 billion during the quarter, compared to the consensus estimate of $3.74 billion. During the same quarter last year, the firm earned $1.36 EPS. The firm’s revenue for the quarter was down 2.4% compared to the same quarter last year.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 10th. Shareholders of record on Friday, September 22nd were given a $0.55 dividend. This represents a $2.20 dividend on an annualized basis and a dividend yield of 2.96%. The ex-dividend date was Thursday, September 21st. Omnicom Group’s dividend payout ratio is presently 44.44%.
In other Omnicom Group news, Director Linda Johnson Rice sold 483 shares of the stock in a transaction that occurred on Monday, July 24th. The shares were sold at an average price of $82.19, for a total value of $39,697.77. Following the sale, the director now directly owns 7,724 shares of the company’s stock, valued at approximately $634,835.56. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Treasurer Dennis E. Hewitt sold 900 shares of the stock in a transaction that occurred on Wednesday, July 26th. The shares were sold at an average price of $79.11, for a total transaction of $71,199.00. Following the completion of the sale, the treasurer now directly owns 44,161 shares in the company, valued at $3,493,576.71. The disclosure for this sale can be found here. Corporate insiders own 1.10% of the company’s stock.
Several large investors have recently made changes to their positions in OMC. Victory Capital Management Inc. increased its position in shares of Omnicom Group by 29.7% in the 1st quarter. Victory Capital Management Inc. now owns 23,567 shares of the business services provider’s stock valued at $2,032,000 after purchasing an additional 5,398 shares during the last quarter. Westpac Banking Corp boosted its holdings in shares of Omnicom Group by 55.2% in the 1st quarter. Westpac Banking Corp now owns 229,653 shares of the business services provider’s stock valued at $19,114,000 after buying an additional 81,677 shares in the last quarter. Argent Capital Management LLC boosted its holdings in shares of Omnicom Group by 2.9% in the 1st quarter. Argent Capital Management LLC now owns 4,590 shares of the business services provider’s stock valued at $396,000 after buying an additional 130 shares in the last quarter. Burney Co. boosted its holdings in shares of Omnicom Group by 1.5% in the 1st quarter. Burney Co. now owns 148,818 shares of the business services provider’s stock valued at $12,830,000 after buying an additional 2,142 shares in the last quarter. Finally, Van ECK Associates Corp boosted its holdings in shares of Omnicom Group by 7.1% in the 1st quarter. Van ECK Associates Corp now owns 3,974 shares of the business services provider’s stock valued at $343,000 after buying an additional 262 shares in the last quarter. 98.60% of the stock is currently owned by institutional investors.
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.
Receive News & Stock 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 stocks with our FREE daily email newsletter.