Omnicom Group (OMC) Posts Quarterly Earnings Results, Beats Estimates By $0.01 EPS

Omnicom Group (NYSE:OMC) posted its earnings results on Thursday. The business services provider reported $1.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.54 by $0.01, Bloomberg Earnings reports. Omnicom Group had a net margin of 7.72% and a return on equity of 42.11%. The firm had revenue of $4.18 billion during the quarter, compared to analysts’ expectations of $4.21 billion. During the same period in the previous year, the business posted $1.47 EPS. The business’s revenue was down 1.5% compared to the same quarter last year.

Shares of Omnicom Group (OMC) traded down $5.94 during midday trading on Thursday, reaching $76.84. 2,520,894 shares of the company traded hands, compared to its average volume of 2,808,569. The stock has a market cap of $18,341.18, a price-to-earnings ratio of 16.49, a PEG ratio of 2.59 and a beta of 1.20. The company has a debt-to-equity ratio of 1.62, a quick ratio of 0.79 and a current ratio of 0.90. Omnicom Group has a 12 month low of $65.32 and a 12 month high of $86.71.

Several research firms recently issued reports on OMC. TheStreet upgraded shares of Omnicom Group from a “c+” rating to a “b-” rating in a research note on Tuesday. Morgan Stanley boosted their target price on shares of Omnicom Group from $72.00 to $76.00 and gave the company an “underweight” rating in a research note on Wednesday, January 31st. Barclays reiterated a “hold” rating and issued a $81.00 target price on shares of Omnicom Group in a research note on Thursday, January 25th. Bank of America cut shares of Omnicom Group from a “neutral” rating to an “underperform” rating in a research note on Thursday, January 25th. Finally, ValuEngine cut shares of Omnicom Group from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. Five investment analysts have rated the stock with a sell rating, ten have issued a hold rating and three have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $83.64.

In related news, insider Peter K. Sherman sold 8,310 shares of the business’s stock in a transaction on 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 owns 21,271 shares of the company’s stock, valued at approximately $1,580,648.01. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 1.10% of the stock is currently owned by insiders.

Hedge funds and other institutional investors have recently modified their holdings of the stock. SeaCrest Wealth Management LLC purchased a new stake in Omnicom Group in the 4th quarter worth $104,000. MUFG Americas Holdings Corp grew its holdings in shares of Omnicom Group by 123.8% during the fourth quarter. MUFG Americas Holdings Corp now owns 1,531 shares of the business services provider’s stock worth $112,000 after buying an additional 847 shares in the last quarter. Tower Research Capital LLC TRC purchased a new stake in shares of Omnicom Group during the fourth quarter worth $199,000. Eagle Ridge Investment Management purchased a new stake in shares of Omnicom Group during the third quarter worth $201,000. Finally, Dynamic Technology Lab Private Ltd purchased a new stake in shares of Omnicom Group during the third quarter worth $205,000. 98.62% of the stock is owned by institutional investors.

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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.

Earnings History for Omnicom Group (NYSE:OMC)

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