Analysts Expect Omnicom Group Inc. (OMC) Will Announce Earnings of $1.21 Per Share

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Equities research analysts expect Omnicom Group Inc. (NYSE:OMC) to post $1.21 earnings per share for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for Omnicom Group’s earnings, with the highest EPS estimate coming in at $1.22 and the lowest estimate coming in at $1.20. Omnicom Group reported earnings of $1.13 per share in the same quarter last year, which suggests a positive year-over-year growth rate of 7.1%. The firm is scheduled to report its next quarterly earnings report on Tuesday, October 16th.

According to Zacks, analysts expect that Omnicom Group will report full year earnings of $5.58 per share for the current financial year, with EPS estimates ranging from $5.41 to $5.64. For the next financial year, analysts anticipate that the firm will report earnings of $5.72 per share, with EPS estimates ranging from $5.34 to $5.85. Zacks’ EPS averages are an average based on a survey of research analysts that cover Omnicom Group.

Omnicom Group (NYSE:OMC) last announced its quarterly earnings results on Tuesday, July 17th. The business services provider reported $1.60 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.54 by $0.06. The company had revenue of $3.86 billion for the quarter, compared to analysts’ expectations of $3.88 billion. Omnicom Group had a net margin of 7.45% and a return on equity of 40.82%. Omnicom Group’s revenue was up 1.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.40 EPS.

A number of equities analysts recently issued reports on OMC shares. Morgan Stanley dropped their price target on shares of Omnicom Group from $76.00 to $73.00 and set an “underweight” rating on the stock in a research note on Wednesday, May 23rd. Wells Fargo & Co reiterated a “market perform” rating and issued a $75.00 price target (down previously from $80.00) on shares of Omnicom Group in a research note on Tuesday, July 17th. ValuEngine cut shares of Omnicom Group from a “hold” rating to a “sell” rating in a research note on Wednesday, May 23rd. Zacks Investment Research upgraded shares of Omnicom Group from a “sell” rating to a “hold” rating in a research note on Friday, July 6th. Finally, BMO Capital Markets reiterated a “buy” rating and issued a $85.00 price target on shares of Omnicom Group in a research note on Thursday, July 19th. Four analysts have rated the stock with a sell rating, nine have issued a hold rating and two have given a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $78.08.

In other Omnicom Group news, Director Linda Johnson Rice sold 475 shares of the company’s stock in a transaction dated Thursday, July 19th. The shares were sold at an average price of $70.02, for a total transaction of $33,259.50. Following the transaction, the director now owns 7,966 shares in the company, valued at approximately $557,779.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders have sold a total of 1,075 shares of company stock worth $74,289 in the last 90 days. Company insiders own 1.20% of the company’s stock.

A number of institutional investors and hedge funds have recently bought and sold shares of OMC. LFA Lugano Financial Advisors SA purchased a new stake in shares of Omnicom Group during the 2nd quarter valued at about $185,000. Truvestments Capital LLC purchased a new stake in shares of Omnicom Group during the 2nd quarter valued at about $303,000. WealthTrust Fairport LLC increased its position in shares of Omnicom Group by 20.0% during the 2nd quarter. WealthTrust Fairport LLC now owns 6,489 shares of the business services provider’s stock valued at $495,000 after purchasing an additional 1,082 shares during the last quarter. Advisors Asset Management Inc. increased its position in shares of Omnicom Group by 1.3% during the 2nd quarter. Advisors Asset Management Inc. now owns 68,649 shares of the business services provider’s stock valued at $5,236,000 after purchasing an additional 869 shares during the last quarter. Finally, GHP Investment Advisors Inc. purchased a new stake in shares of Omnicom Group during the 2nd quarter valued at about $446,000.

Omnicom Group stock traded up $0.62 during mid-day trading on Friday, reaching $69.87. The stock had a trading volume of 1,313,300 shares, compared to its average volume of 2,202,802. The stock has a market cap of $15.41 billion, a price-to-earnings ratio of 13.70, a PEG ratio of 2.19 and a beta of 1.08. Omnicom Group has a one year low of $65.32 and a one year high of $83.34. The company has a debt-to-equity ratio of 1.70, a current ratio of 0.89 and a quick ratio of 0.78.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 10th. Shareholders of record on Friday, September 21st will be paid a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a yield of 3.43%. The ex-dividend date of this dividend is Thursday, September 20th. Omnicom Group’s dividend payout ratio is currently 47.06%.

Omnicom Group Company Profile

Omnicom Group Inc, together with its subsidiaries, provides advertising, marketing, and corporate communications services. The company offers a range of services in the areas of advertising, customer relationship management, public relations, and healthcare. Its services comprises advertising, branding, content marketing, corporate social responsibility consulting, crisis communication, custom publishing, data analytics, database management, digital/direct marketing, digital transformation, financial/corporate business-to-business advertising, graphic arts/digital imaging, healthcare marketing and communications, and instore design services.

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