Jefferies Group Weighs in on Omnicom Group Inc.’s Q1 2018 Earnings (OMC)
Omnicom Group Inc. (NYSE:OMC) – Investment analysts at Jefferies Group cut their Q1 2018 EPS estimates for shares of Omnicom Group in a research report issued on Wednesday. Jefferies Group analyst J. Janedis now anticipates that the business services provider will earn $0.98 per share for the quarter, down from their prior estimate of $1.00. Jefferies Group currently has a “Hold” rating and a $82.00 price target on the stock. Jefferies Group also issued estimates for Omnicom Group’s Q2 2018 earnings at $1.47 EPS, Q4 2018 earnings at $1.64 EPS, FY2018 earnings at $5.27 EPS and FY2019 earnings at $5.64 EPS.
A number of other equities analysts also recently commented on OMC. Royal Bank of Canada set a $96.00 price objective on shares of Omnicom Group and gave the stock a “buy” rating in a research note on Wednesday, August 23rd. Citigroup upgraded shares of Omnicom Group from a “sell” rating to a “neutral” rating in a research note on Wednesday, September 6th. BMO Capital Markets restated a “hold” rating and set a $85.00 price objective on shares of Omnicom Group in a research note on Wednesday, September 13th. Zacks Investment Research downgraded shares of Omnicom Group from a “hold” rating to a “sell” rating in a research note on Tuesday, October 10th. Finally, Credit Suisse Group reduced their price objective on shares of Omnicom Group from $79.00 to $78.00 and set a “neutral” rating for the company in a research note on Wednesday, October 11th. Three analysts have rated the stock with a sell rating, twelve have issued a hold rating and three have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $84.00.
Omnicom Group (NYSE OMC) traded down $0.61 during mid-day trading on Thursday, reaching $73.10. The company’s stock had a trading volume of 3,311,500 shares, compared to its average volume of 1,951,860. Omnicom Group has a 52-week low of $65.32 and a 52-week high of $88.51. The company has a debt-to-equity ratio of 1.62, a quick ratio of 0.79 and a current ratio of 0.90. The company has a market cap of $16,992.56, a PE ratio of 14.83, a PEG ratio of 1.97 and a beta of 1.24.
Omnicom Group (NYSE:OMC) last released its earnings results on Tuesday, October 17th. The business services provider reported $1.13 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.10 by $0.03. The firm had revenue of $3.72 billion during the quarter, compared to analysts’ expectations of $3.69 billion. Omnicom Group had a return on equity of 42.11% and a net margin of 7.72%. The company’s revenue was down 1.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.06 EPS.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 9th. Investors of record on Tuesday, December 19th will be paid a $0.60 dividend. This is an increase from Omnicom Group’s previous quarterly dividend of $0.55. This represents a $2.40 annualized dividend and a yield of 3.28%. The ex-dividend date of this dividend is Monday, December 18th. Omnicom Group’s dividend payout ratio (DPR) is 43.82%.
In related news, insider Peter K. Sherman sold 8,310 shares of the firm’s stock in a transaction dated Monday, December 11th. The shares were sold at an average price of $74.31, for a total value of $617,516.10. Following the completion of the sale, the insider now directly owns 21,271 shares in the company, valued at approximately $1,580,648.01. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Linda Johnson Rice sold 489 shares of the firm’s stock in a transaction dated Thursday, October 19th. The shares were sold at an average price of $74.32, for a total transaction of $36,342.48. Following the completion of the sale, the director now owns 7,777 shares of the company’s stock, valued at $577,986.64. The disclosure for this sale can be found here. Company insiders own 1.10% of the company’s stock.
Hedge funds have recently modified their holdings of the business. Parallel Advisors LLC increased its holdings in shares of Omnicom Group by 8.7% during the second quarter. Parallel Advisors LLC now owns 1,300 shares of the business services provider’s stock worth $102,000 after purchasing an additional 104 shares during the period. Dupont Capital Management Corp bought a new position in shares of Omnicom Group during the second quarter worth approximately $104,000. Acrospire Investment Management LLC bought a new position in shares of Omnicom Group during the second quarter worth approximately $149,000. Eagle Ridge Investment Management bought a new position in shares of Omnicom Group during the third quarter worth approximately $201,000. Finally, Dynamic Technology Lab Private Ltd bought a new position in shares of Omnicom Group during the third quarter worth approximately $205,000. Hedge funds and other institutional investors own 98.60% of the company’s stock.
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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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