Omnicom Group Inc. (OMC) to Release Quarterly Earnings on Monday
Omnicom Group Inc. (NYSE:OMC) will announce its earnings results before the market opens on Monday, October 16th. Analysts expect the company to announce earnings of $1.09 per share for the quarter.
Omnicom Group (NYSE:OMC) last announced its quarterly earnings results on Thursday, July 20th. The business services provider reported $1.40 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.38 by $0.02. The company had revenue of $3.79 billion for the quarter, compared to analyst estimates of $3.74 billion. Omnicom Group had a net margin of 7.61% and a return on equity of 42.54%. Omnicom Group’s revenue for the quarter was down 2.4% on a year-over-year basis. During the same quarter last year, the business earned $1.36 EPS. On average, analysts expect Omnicom Group to post $5.08 EPS for the current fiscal year and $5.43 EPS for the next fiscal year.
Omnicom Group Inc. (OMC) opened at 75.42 on Monday. The firm has a market cap of $17.40 billion, a price-to-earnings ratio of 15.23 and a beta of 1.28. Omnicom Group Inc. has a one year low of $71.63 and a one year high of $89.66. The firm has a 50 day moving average of $74.04 and a 200-day moving average of $80.36.
The business also recently disclosed 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 annualized dividend and a yield of 2.92%. Omnicom Group’s dividend payout ratio is presently 44.44%.
In other Omnicom Group news, Treasurer Dennis E. Hewitt sold 900 shares of the business’s stock in a transaction that occurred on Wednesday, July 26th. The shares were sold at an average price of $79.11, for a total value of $71,199.00. Following the completion of the sale, the treasurer now directly owns 44,161 shares of the company’s stock, valued at $3,493,576.71. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Linda Johnson Rice sold 483 shares of the company’s stock in a transaction on Monday, July 24th. The stock was sold at an average price of $82.19, for a total transaction of $39,697.77. Following the sale, the director now directly owns 7,724 shares of the company’s stock, valued at $634,835.56. The disclosure for this sale can be found here. Insiders own 1.10% of the company’s stock.
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Several research analysts have weighed in on OMC shares. Royal Bank Of Canada set a $96.00 price objective on shares of Omnicom Group and gave the company a “buy” rating in a research note on Tuesday, June 20th. BidaskClub downgraded shares of Omnicom Group from a “hold” rating to a “sell” rating in a research report on Wednesday, July 12th. Credit Suisse Group reissued a “neutral” rating and issued a $79.00 target price (down from $81.00) on shares of Omnicom Group in a research report on Friday, July 14th. Zacks Investment Research raised shares of Omnicom Group from a “hold” rating to a “buy” rating and set a $91.00 target price for the company in a research report on Friday, July 14th. Finally, Jefferies Group LLC reissued a “hold” rating and issued a $82.00 target price on shares of Omnicom Group in a research report on Friday, July 14th. Two investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and one has given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $85.92.
About Omnicom Group
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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