Omnicom Group (NYSE:OMC) Announces Earnings Results, Beats Estimates By $0.06 EPS

Omnicom Group (NYSE:OMC) posted its quarterly earnings data on Thursday. The business services provider reported $2.73 EPS for the quarter, topping the consensus estimate of $2.67 by $0.06, FiscalAI reports. Omnicom Group had a net margin of 1.74% and a return on equity of 24.73%. The business had revenue of $6.42 billion for the quarter, compared to analyst estimates of $6.21 billion.

Omnicom Group Price Performance

OMC traded up $2.15 on Thursday, hitting $82.65. 4,048,276 shares of the company’s stock traded hands, compared to its average volume of 4,028,142. The company’s 50 day simple moving average is $80.64 and its 200-day simple moving average is $78.44. The firm has a market cap of $22.68 billion, a price-to-earnings ratio of 71.25, a P/E/G ratio of 0.68 and a beta of 0.68. Omnicom Group has a one year low of $66.33 and a one year high of $89.57. The company has a current ratio of 0.92, a quick ratio of 0.78 and a debt-to-equity ratio of 0.97.

Analyst Ratings Changes

A number of brokerages have recently commented on OMC. Zacks Research upgraded shares of Omnicom Group from a “strong sell” rating to a “hold” rating in a research note on Monday, September 28th. Weiss Ratings raised shares of Omnicom Group from a “hold (c-)” rating to a “hold (c)” rating in a research report on Thursday, July 30th. Argus upgraded shares of Omnicom Group to a “hold” rating in a research note on Monday, September 14th. Citigroup decreased their target price on shares of Omnicom Group from $105.00 to $100.00 and set a “buy” rating for the company in a research note on Thursday, July 30th. Finally, Barclays lowered their price target on Omnicom Group from $90.00 to $88.00 and set an “equal weight” rating on the stock in a report on Friday, October 9th. Four analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $98.75.

Insider Transactions at Omnicom Group

In other Omnicom Group news, Director Linda Rice sold 1,385 shares of the stock in a transaction that occurred on Monday, August 24th. The shares were sold at an average price of $88.73, for a total transaction of $122,891.05. Following the completion of the sale, the director directly owned 11,719 shares of the company’s stock, valued at $1,039,826.87. This trade represents a 10.57% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 1.20% of the stock is currently owned by company insiders.

About Omnicom Group

Omnicom Group Inc is a global marketing and communications company that provides advertising, media, branding, public relations, customer relationship management, and digital marketing services. The company works with organizations across industries to develop brand strategies, create content, manage media campaigns, and engage customers through traditional and digital channels.

Omnicom operates through a network of independently branded agencies, including BBDO Worldwide, DDB Worldwide, TBWA Worldwide, Omnicom Media Group, FleishmanHillard, Ketchum, Porter Novelli, RAPP, and several specialized healthcare, experiential, and data-driven marketing agencies.