Brokerages forecast that Omnicom Group Inc. (NYSE:OMC) will post $3.69 billion in sales for the current fiscal quarter, according to Zacks Investment Research. Three analysts have made estimates for Omnicom Group’s earnings, with estimates ranging from $3.67 billion to $3.70 billion. Omnicom Group posted sales of $3.79 billion during the same quarter last year, which suggests a negative year over year growth rate of 2.6%. The company is expected to report its next earnings report on Tuesday, October 17th.

On average, analysts expect that Omnicom Group will report full-year sales of $3.69 billion for the current financial year, with estimates ranging from $15.26 billion to $15.32 billion. For the next fiscal year, analysts expect that the firm will report sales of $15.82 billion per share, with estimates ranging from $15.76 billion to $15.88 billion. Zacks’ sales calculations are a mean average based on a survey of analysts that that provide coverage for Omnicom Group.

Omnicom Group (NYSE:OMC) last released its quarterly earnings results on Thursday, July 20th. The business services provider reported $1.40 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.38 by $0.02. Omnicom Group had a return on equity of 42.54% and a net margin of 7.61%. The business had revenue of $3.79 billion during the quarter, compared to analysts’ expectations of $3.74 billion. During the same quarter in the prior year, the business earned $1.36 earnings per share. The company’s quarterly revenue was down 2.4% compared to the same quarter last year.

Several equities analysts recently issued reports on OMC shares. Zacks Investment Research upgraded shares of Omnicom Group from a “hold” rating to a “buy” rating and set a $91.00 target price on the stock in a report on Friday, July 14th. BidaskClub lowered shares of Omnicom Group from a “sell” rating to a “strong sell” rating in a report on Tuesday, August 1st. Royal Bank Of Canada set a $96.00 target price on shares of Omnicom Group and gave the company a “buy” rating in a report on Saturday, July 22nd. Jefferies Group LLC restated a “hold” rating and issued a $82.00 target price on shares of Omnicom Group in a report on Friday, July 14th. Finally, Evercore ISI started coverage on shares of Omnicom Group in a report 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. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating and one has assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $86.00.

Omnicom Group (OMC) opened at 78.475 on Thursday. The company’s 50-day moving average price is $81.02 and its 200-day moving average price is $83.50. Omnicom Group has a one year low of $77.50 and a one year high of $89.66. The firm has a market cap of $18.11 billion, a price-to-earnings ratio of 15.847 and a beta of 1.25.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 10th. Stockholders of record on Friday, September 22nd will be issued a dividend of $0.55 per share. The ex-dividend date is Thursday, September 21st. This represents a $2.20 annualized dividend and a dividend yield of 2.79%. Omnicom Group’s dividend payout ratio is currently 44.44%.

COPYRIGHT VIOLATION WARNING: This report was originally published by Watch List News and is the property of of Watch List News. If you are accessing this report on another website, it was copied illegally and republished in violation of U.S. and international copyright and trademark law. The original version of this report can be accessed at https://www.watchlistnews.com/zacks-analysts-anticipate-omnicom-group-inc-omc-will-post-quarterly-sales-of-3-69-billion/1467815.html.

In other news, Chairman Bruce Crawford sold 22,800 shares of the company’s stock in a transaction dated Thursday, June 1st. The shares were sold at an average price of $84.91, for a total transaction of $1,935,948.00. Following the transaction, the chairman now owns 105,250 shares in the company, valued at $8,936,777.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Linda Johnson Rice sold 483 shares of the company’s stock in a transaction dated Monday, July 24th. The shares were sold at an average price of $82.19, for a total transaction of $39,697.77. Following the transaction, the director now owns 7,724 shares in the company, valued at approximately $634,835.56. The disclosure for this sale can be found here. Insiders have sold 24,183 shares of company stock worth $2,046,845 in the last quarter. Company insiders own 1.10% of the company’s stock.

Several institutional investors have recently made changes to their positions in OMC. Stifel Financial Corp raised its position in shares of Omnicom Group by 5.8% in the first quarter. Stifel Financial Corp now owns 41,956 shares of the business services provider’s stock valued at $3,613,000 after buying an additional 2,291 shares in the last quarter. Morgan Stanley raised its position in shares of Omnicom Group by 268.1% in the first quarter. Morgan Stanley now owns 1,639,312 shares of the business services provider’s stock valued at $141,325,000 after buying an additional 1,194,001 shares in the last quarter. Geode Capital Management LLC raised its position in shares of Omnicom Group by 7.7% in the first quarter. Geode Capital Management LLC now owns 2,460,551 shares of the business services provider’s stock valued at $211,836,000 after buying an additional 175,835 shares in the last quarter. Beutel Goodman & Co Ltd. bought a new position in shares of Omnicom Group during the second quarter valued at $153,358,000. Finally, Cribstone Capital Management LLC bought a new position in shares of Omnicom Group during the first quarter valued at $164,000. Hedge funds and other institutional investors own 98.68% of the company’s stock.

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.

Get a free copy of the Zacks research report on Omnicom Group (OMC)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

Receive News & Ratings for Omnicom Group Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Omnicom Group Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.