Omnicom Group Inc. (NYSE:OMC) is scheduled to issue its quarterly earnings data before the market opens on Thursday, July 20th. Analysts expect the company to announce earnings of $1.38 per share for the quarter.
Omnicom Group (NYSE:OMC) last released its quarterly earnings data on Tuesday, April 18th. The business services provider reported $0.97 earnings per share for the quarter, beating the consensus estimate of $0.96 by $0.01. The business had revenue of $3.59 billion for the quarter, compared to analyst estimates of $3.55 billion. Omnicom Group had a return on equity of 42.34% and a net margin of 7.54%. The company’s revenue was up 2.5% compared to the same quarter last year. During the same period in the previous year, the company posted $0.90 EPS. On average, analysts expect Omnicom Group to post $5.05 EPS for the current fiscal year and $5.41 EPS for the next fiscal year.
Omnicom Group Inc. (NYSE:OMC) opened at 81.52 on Tuesday. The stock has a 50 day moving average price of $82.87 and a 200 day moving average price of $84.58. The firm has a market capitalization of $18.97 billion, a price-to-earnings ratio of 16.62 and a beta of 1.27. Omnicom Group Inc. has a 1-year low of $78.67 and a 1-year high of $89.66.
The company 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 dividend payout ratio (DPR) is currently 44.81%.
OMC has been the topic of a number of recent research reports. Evercore ISI initiated coverage on Omnicom Group in a research note on Monday, April 17th. They issued an “in-line” rating and a $91.00 target price on the stock. They noted that the move was a valuation call. Credit Suisse Group restated a “neutral” rating and issued a $79.00 target price (down previously from $81.00) on shares of Omnicom Group in a research note on Friday. Zacks Investment Research upgraded Omnicom Group from a “sell” rating to a “hold” rating in a research note on Tuesday, June 20th. Barclays PLC restated a “hold” rating and issued a $86.00 target price on shares of Omnicom Group in a research note on Thursday, April 20th. Finally, Wedbush lowered their target price on Omnicom Group from $90.00 to $89.00 and set a “neutral” rating on the stock in a research note on Wednesday, April 19th. Two 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. Omnicom Group presently has a consensus rating of “Hold” and a consensus target price of $86.00.
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In other news, Chairman Bruce Crawford sold 22,800 shares of the company’s stock in a transaction dated Thursday, June 1st. The stock was sold at an average price of $84.91, for a total transaction of $1,935,948.00. Following the completion of the sale, the chairman now owns 105,250 shares in the company, valued at approximately $8,936,777.50. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Leonard S. Coleman, Jr. sold 2,038 shares of the company’s stock in a transaction dated Thursday, April 20th. The stock was sold at an average price of $83.93, for a total value of $171,049.34. Following the sale, the director now owns 24,853 shares of the company’s stock, valued at approximately $2,085,912.29. The disclosure for this sale can be found here. Corporate insiders own 1.10% of the company’s stock.
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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