Research Analysts Offer Predictions for Omnicom Group Inc.’s Q2 2017 Earnings (OMC)

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.

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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.

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

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