$4.08 Billion in Sales Expected for Omnicom Group Inc. (OMC) This Quarter

Wall Street brokerages forecast that Omnicom Group Inc. (NYSE:OMC) will post sales of $4.08 billion for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for Omnicom Group’s earnings, with the highest sales estimate coming in at $4.08 billion and the lowest estimate coming in at $4.07 billion. Omnicom Group posted sales of $4.18 billion in the same quarter last year, which suggests a negative year-over-year growth rate of 2.4%. The business is scheduled to issue its next quarterly earnings results on Thursday, February 21st.

According to Zacks, analysts expect that Omnicom Group will report full year sales of $15.27 billion for the current year, with estimates ranging from $15.24 billion to $15.28 billion. For the next year, analysts anticipate that the company will post sales of $15.31 billion, with estimates ranging from $15.19 billion to $15.40 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research firms that cover Omnicom Group.

Omnicom Group (NYSE:OMC) last released its quarterly earnings results on Tuesday, October 16th. The business services provider reported $1.24 earnings per share for the quarter, beating analysts’ consensus estimates of $1.21 by $0.03. Omnicom Group had a net margin of 7.68% and a return on equity of 41.70%. The company had revenue of $3.71 billion during the quarter, compared to the consensus estimate of $3.68 billion. During the same period in the previous year, the business earned $1.13 earnings per share. The firm’s quarterly revenue was down .1% on a year-over-year basis.

OMC has been the subject of a number of analyst reports. Royal Bank of Canada dropped their price target on shares of Omnicom Group to $75.00 and set a “$70.60” rating for the company in a research report on Wednesday, July 18th. BMO Capital Markets reissued a “buy” rating and issued a $85.00 price objective on shares of Omnicom Group in a research note on Thursday, July 19th. ValuEngine raised shares of Omnicom Group from a “sell” rating to a “hold” rating in a research note on Wednesday, October 17th. Pivotal Research lifted their price objective on shares of Omnicom Group from $65.00 to $66.00 and gave the company a “hold” rating in a research note on Tuesday, October 16th. Finally, Argus cut shares of Omnicom Group from a “buy” rating to a “hold” rating in a research note on Monday, July 23rd. Four investment analysts have rated the stock with a sell rating, eight have issued a hold rating and one has issued a buy rating to the company’s stock. Omnicom Group presently has a consensus rating of “Hold” and an average target price of $75.40.

In related news, CEO Jonathan B. Nelson sold 13,000 shares of Omnicom Group stock in a transaction that occurred on Friday, October 19th. The shares were sold at an average price of $77.38, for a total value of $1,005,940.00. Following the transaction, the chief executive officer now directly owns 58,569 shares of the company’s stock, valued at $4,532,069.22. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Treasurer Dennis E. Hewitt sold 500 shares of Omnicom Group stock in a transaction that occurred on Wednesday, October 24th. The shares were sold at an average price of $75.85, for a total transaction of $37,925.00. Following the completion of the transaction, the treasurer now directly owns 45,610 shares in the company, valued at $3,459,518.50. The disclosure for this sale can be found here. Insiders sold 14,233 shares of company stock worth $1,097,988 over the last three months. 1.20% of the stock is currently owned by insiders.

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Albert D Mason Inc. grew its stake in shares of Omnicom Group by 5.8% during the third quarter. Albert D Mason Inc. now owns 38,259 shares of the business services provider’s stock worth $2,602,000 after buying an additional 2,084 shares during the last quarter. Assenagon Asset Management S.A. grew its stake in shares of Omnicom Group by 3.8% in the third quarter. Assenagon Asset Management S.A. now owns 36,625 shares of the business services provider’s stock worth $2,491,000 after purchasing an additional 1,347 shares during the last quarter. QUANTRES ASSET MANAGEMENT Ltd bought a new stake in shares of Omnicom Group in the third quarter worth $660,000. Conning Inc. grew its stake in shares of Omnicom Group by 13.8% in the third quarter. Conning Inc. now owns 653,161 shares of the business services provider’s stock worth $44,428,000 after purchasing an additional 79,252 shares during the last quarter. Finally, RNC Capital Management LLC grew its stake in shares of Omnicom Group by 0.5% in the third quarter. RNC Capital Management LLC now owns 417,429 shares of the business services provider’s stock worth $28,394,000 after purchasing an additional 1,952 shares during the last quarter.

Shares of NYSE OMC traded up $2.09 during midday trading on Tuesday, reaching $74.52. The company’s stock had a trading volume of 221,682 shares, compared to its average volume of 3,623,515. The company has a current ratio of 0.87, a quick ratio of 0.77 and a debt-to-equity ratio of 1.48. Omnicom Group has a fifty-two week low of $65.32 and a fifty-two week high of $83.34. The company has a market cap of $15.92 billion, a price-to-earnings ratio of 14.46, a PEG ratio of 2.15 and a beta of 1.06.

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

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