Omnicom Group Inc. (NYSE:OMC) – Research analysts at Jefferies Group boosted their Q2 2017 earnings per share (EPS) estimates for Omnicom Group in a report issued on Thursday. Jefferies Group analyst J. Janedis now anticipates that the business services provider will post earnings per share of $1.40 for the quarter, up from their previous estimate of $1.39. Jefferies Group has a “Hold” rating and a $82.00 price objective on the stock. Jefferies Group also issued estimates for Omnicom Group’s Q3 2017 earnings at $1.11 EPS, Q1 2018 earnings at $1.02 EPS, Q2 2018 earnings at $1.50 EPS, Q3 2018 earnings at $1.19 EPS and FY2018 earnings at $5.40 EPS.
Omnicom Group (NYSE:OMC) last released its quarterly earnings data on Tuesday, April 18th. The business services provider reported $0.97 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.96 by $0.01. The business had revenue of $3.59 billion during the quarter, compared to analysts’ expectations of $3.55 billion. Omnicom Group had a return on equity of 42.34% and a net margin of 7.54%. The business’s quarterly revenue was up 2.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.90 EPS.
Several other analysts have also weighed in on the company. Zacks Investment Research lowered Omnicom Group from a “buy” rating to a “hold” rating in a report on Monday. Credit Suisse Group reissued a “neutral” rating and issued a $79.00 price objective (down from $81.00) on shares of Omnicom Group in a report on Friday. BidaskClub lowered Omnicom Group from a “hold” rating to a “sell” rating in a report on Wednesday, July 12th. Royal Bank Of Canada set a $96.00 price objective on Omnicom Group and gave the company a “buy” rating in a report on Tuesday, June 20th. Finally, Macquarie lowered Omnicom Group from an “outperform” rating to a “neutral” rating and lowered their price objective for the company from $90.00 to $83.00 in a report on Tuesday, June 6th. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating and one has given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $86.00.
Omnicom Group (NYSE:OMC) opened at 81.52 on Monday. The stock’s 50 day moving average price is $82.87 and its 200 day moving average price is $84.58. The firm has a market capitalization of $18.97 billion, a PE ratio of 16.62 and a beta of 1.27. Omnicom Group has a 52-week low of $78.67 and a 52-week high of $89.66.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 10th. Shareholders of record on Friday, September 22nd will be paid a $0.55 dividend. The ex-dividend date is Thursday, September 21st. This represents a $2.20 dividend on an annualized basis and a yield of 2.70%. Omnicom Group’s payout ratio is currently 44.81%.
In other Omnicom Group news, Director Leonard S. Coleman, Jr. sold 2,038 shares of Omnicom Group stock in a transaction that occurred on Thursday, April 20th. The stock was sold at an average price of $83.93, for a total value of $171,049.34. Following the completion of the transaction, the director now directly owns 24,853 shares in the company, valued at $2,085,912.29. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Chairman Bruce Crawford sold 22,800 shares of Omnicom Group stock in a transaction that occurred on Thursday, June 1st. The shares were sold at an average price of $84.91, for a total value of $1,935,948.00. Following the completion of the transaction, the chairman now owns 105,250 shares of the company’s stock, valued at $8,936,777.50. The disclosure for this sale can be found here. Insiders own 1.10% of the company’s stock.
A number of institutional investors have recently modified their holdings of OMC. Geode Capital Management LLC increased its position in shares of Omnicom Group by 7.7% in the first quarter. Geode Capital Management LLC now owns 2,460,551 shares of the business services provider’s stock worth $211,836,000 after buying an additional 175,835 shares during the last quarter. Morgan Stanley increased its position in shares of Omnicom Group by 268.1% in the first quarter. Morgan Stanley now owns 1,639,312 shares of the business services provider’s stock valued at $141,325,000 after buying an additional 1,194,001 shares in the last quarter. Kentucky Retirement Systems acquired a new position in shares of Omnicom Group during the fourth quarter valued at about $1,457,000. Cribstone Capital Management LLC acquired a new position in shares of Omnicom Group during the first quarter valued at about $164,000. Finally, Laurion Capital Management LP acquired a new position in shares of Omnicom Group during the first quarter valued at about $483,000. Institutional investors own 96.68% 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.
What are top analysts saying about Omnicom Group Inc.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Omnicom Group Inc. and related companies.