$1.05 EPS Expected for Omnicom Group (OMC) This Quarter

Brokerages expect Omnicom Group (NYSE:OMC) to post earnings per share of $1.05 for the current fiscal quarter, according to Zacks Investment Research. Three analysts have provided estimates for Omnicom Group’s earnings, with estimates ranging from $1.02 to $1.06. Omnicom Group reported earnings of $0.97 per share during the same quarter last year, which indicates a positive year over year growth rate of 8.2%. The company is scheduled to issue its next earnings results before the market opens on Tuesday, April 17th.

On average, analysts expect that Omnicom Group will report full year earnings of $5.62 per share for the current financial year, with EPS estimates ranging from $5.40 to $5.68. For the next year, analysts forecast that the business will post earnings of $6.07 per share, with EPS estimates ranging from $6.03 to $6.13. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research firms that that provide coverage for Omnicom Group.

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Omnicom Group (NYSE:OMC) last released its quarterly earnings data on Thursday, February 15th. The business services provider reported $1.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.54 by $0.01. The firm had revenue of $4.18 billion for the quarter, compared to analyst estimates of $4.21 billion. Omnicom Group had a return on equity of 40.67% and a net margin of 7.12%. The business’s revenue for the quarter was down 1.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.47 earnings per share.

OMC has been the topic of several research analyst reports. Wells Fargo restated a “market perform” rating and issued a $75.00 price objective (down previously from $81.00) on shares of Omnicom Group in a research note on Thursday, January 18th. Macquarie lowered Omnicom Group from a “neutral” rating to an “underperform” rating and set a $83.00 price objective on the stock. in a research note on Tuesday, January 2nd. Zacks Investment Research lowered Omnicom Group from a “hold” rating to a “sell” rating in a research note on Tuesday, January 2nd. Pivotal Research dropped their price objective on Omnicom Group from $76.00 to $75.00 and set a “hold” rating on the stock in a research note on Thursday, February 15th. Finally, Royal Bank of Canada lowered Omnicom Group from an “outperform” rating to a “sector perform” rating and set a $83.00 target price on the stock. in a research note on Friday, February 16th. Three research analysts have rated the stock with a sell rating, thirteen have given a hold rating and three have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $82.46.

NYSE:OMC opened at $74.03 on Friday. The company has a debt-to-equity ratio of 1.56, a quick ratio of 0.86 and a current ratio of 0.93. The company has a market capitalization of $16,547.03, a price-to-earnings ratio of 14.52, a price-to-earnings-growth ratio of 2.20 and a beta of 1.16. Omnicom Group has a 12-month low of $65.32 and a 12-month high of $86.71.

The company also recently announced a quarterly dividend, which was paid on Monday, April 9th. Stockholders of record on Friday, March 9th were paid a dividend of $0.60 per share. The ex-dividend date of this dividend was Thursday, March 8th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 3.24%. Omnicom Group’s dividend payout ratio (DPR) is currently 47.06%.

In related news, Treasurer Dennis E. Hewitt sold 2,000 shares of the stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $77.38, for a total transaction of $154,760.00. Following the sale, the treasurer now owns 42,561 shares of the company’s stock, valued at $3,293,370.18. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 1.10% of the company’s stock.

A number of large investors have recently modified their holdings of the stock. Scotia Capital Inc. grew its position in Omnicom Group by 5.3% during the fourth quarter. Scotia Capital Inc. now owns 15,287 shares of the business services provider’s stock worth $1,113,000 after buying an additional 775 shares in the last quarter. Creative Planning grew its position in Omnicom Group by 17.4% during the fourth quarter. Creative Planning now owns 5,513 shares of the business services provider’s stock worth $402,000 after buying an additional 817 shares in the last quarter. Union Bankshares Corp grew its position in Omnicom Group by 2.9% during the fourth quarter. Union Bankshares Corp now owns 29,208 shares of the business services provider’s stock worth $2,127,000 after buying an additional 830 shares in the last quarter. MUFG Americas Holdings Corp grew its position in 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. Finally, Sawtooth Solutions LLC grew its position in Omnicom Group by 14.1% during the fourth quarter. Sawtooth Solutions LLC now owns 7,149 shares of the business services provider’s stock worth $521,000 after buying an additional 881 shares in the last quarter.

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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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