Omnicom Group Inc. (NYSE:OMC) – Investment analysts at Jefferies Group issued their FY2019 earnings per share (EPS) estimates for shares of Omnicom Group in a note issued to investors on Tuesday. Jefferies Group analyst J. Janedis expects that the business services provider will post earnings of $5.78 per share for the year. Jefferies Group has a “Hold” rating on the stock.
Several other research firms have also recently issued reports on OMC. Bank of America Corp assumed coverage on Omnicom Group in a research report on Thursday, March 2nd. They set a “neutral” rating and a $91.00 price objective for the company. Evercore ISI assumed coverage on Omnicom Group in a research report on Monday. They set an “in-line” rating and a $91.00 price objective for the company. They noted that the move was a valuation call. Pivotal Research reaffirmed a “hold” rating and set a $79.00 price objective on shares of Omnicom Group in a research report on Thursday, January 12th. Atlantic Securities cut Omnicom Group from a “neutral” rating to an “underweight” rating and set a $79.00 price objective for the company. in a research report on Wednesday, February 22nd. Finally, Wedbush upped their price objective on Omnicom Group from $86.00 to $90.00 and gave the stock a “neutral” rating in a research report on Thursday, February 2nd. Two analysts have rated the stock with a sell rating, eleven have given a hold rating and one has given a buy rating to the company. Omnicom Group currently has a consensus rating of “Hold” and a consensus price target of $86.92.
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Omnicom Group (NYSE:OMC) traded down 0.78% during trading on Friday, hitting $83.42. The stock had a trading volume of 1,547,185 shares. The company has a market cap of $19.56 billion, a P/E ratio of 17.45 and a beta of 1.28. The firm has a 50 day moving average of $84.91 and a 200-day moving average of $84.62. Omnicom Group has a one year low of $75.61 and a one year high of $89.66.
Omnicom Group (NYSE:OMC) last posted its quarterly earnings results on Tuesday, April 18th. The business services provider reported $0.97 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.96 by $0.01. Omnicom Group had a return on equity of 40.97% and a net margin of 7.42%. The business had revenue of $3.59 billion for the quarter, compared to the consensus estimate of $3.55 billion. During the same quarter in the prior year, the company earned $0.90 EPS. The business’s revenue was up 2.5% compared to the same quarter last year.
A number of hedge funds have recently bought and sold shares of the stock. Clark Estates Inc. NY bought a new stake in Omnicom Group during the first quarter valued at approximately $7,414,000. Cape Cod Five Cents Savings Bank bought a new stake in Omnicom Group during the first quarter valued at approximately $326,000. Dalton Greiner Hartman Maher & Co. increased its stake in Omnicom Group by 3.2% in the first quarter. Dalton Greiner Hartman Maher & Co. now owns 139,835 shares of the business services provider’s stock valued at $12,055,000 after buying an additional 4,386 shares in the last quarter. Retirement Systems of Alabama increased its stake in Omnicom Group by 1.4% in the first quarter. Retirement Systems of Alabama now owns 113,368 shares of the business services provider’s stock valued at $9,773,000 after buying an additional 1,566 shares in the last quarter. Finally, State of Alaska Department of Revenue increased its stake in Omnicom Group by 17.6% in the first quarter. State of Alaska Department of Revenue now owns 22,457 shares of the business services provider’s stock valued at $1,935,000 after buying an additional 3,367 shares in the last quarter. 96.65% of the stock is owned by hedge funds and other institutional investors.
In other Omnicom Group news, Treasurer Dennis E. Hewitt sold 1,400 shares of the company’s stock in a transaction that occurred on Saturday, February 11th. The stock was sold at an average price of $85.14, for a total transaction of $119,196.00. Following the completion of the sale, the treasurer now directly owns 37,175 shares of the company’s stock, valued at approximately $3,165,079.50. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.10% of the stock is owned by corporate insiders.
The business also recently disclosed a quarterly dividend, which was paid on Friday, April 7th. Shareholders of record on Thursday, March 9th were paid a dividend of $0.55 per share. This represents a $2.20 annualized dividend and a yield of 2.62%. The ex-dividend date of this dividend was Tuesday, March 7th. Omnicom Group’s dividend payout ratio is presently 45.93%.
Omnicom Group Company Profile
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.
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