Zacks: Brokerages Anticipate Omnicom Group (OMC) Will Announce Quarterly Sales of $3.99 Billion

Equities analysts predict that Omnicom Group (NYSE:OMC) will report $3.99 billion in sales for the current fiscal quarter, Zacks Investment Research reports. Three analysts have made estimates for Omnicom Group’s earnings. Omnicom Group reported sales of $3.79 billion in the same quarter last year, which would suggest a positive year-over-year growth rate of 5.3%. The company is expected to issue its next earnings report on Thursday, July 19th.

According to Zacks, analysts expect that Omnicom Group will report full-year sales of $15.83 billion for the current year, with estimates ranging from $15.73 billion to $15.92 billion. For the next financial year, analysts forecast that the company will report sales of $16.40 billion per share, with estimates ranging from $16.33 billion to $16.48 billion. Zacks’ sales calculations are an average based on a survey of sell-side analysts that that provide coverage for Omnicom Group.

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Omnicom Group (NYSE:OMC) last released its earnings results on Tuesday, April 17th. The business services provider reported $1.14 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.06 by $0.08. The firm had revenue of $3.63 billion for the quarter, compared to analysts’ expectations of $3.63 billion. Omnicom Group had a return on equity of 40.75% and a net margin of 7.25%. The business’s revenue for the quarter was up 1.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.02 earnings per share.

A number of research firms have recently commented on OMC. Zacks Investment Research upgraded Omnicom Group from a “sell” rating to a “hold” rating in a research note on Wednesday, January 24th. Macquarie raised Omnicom Group from an “underperform” rating to a “neutral” rating and set a $77.00 target price on the stock in a research note on Friday, February 16th. Barclays reaffirmed a “hold” rating and set a $81.00 target price on shares of Omnicom Group in a research note on Thursday, January 25th. Wells Fargo reaffirmed a “hold” rating and set a $80.00 target price on shares of Omnicom Group in a research note on Friday, February 16th. Finally, 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. Three research analysts have rated the stock with a sell rating, twelve have given a hold rating and three have given a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $82.00.

Shares of OMC traded up $1.32 on Monday, reaching $76.07. The stock had a trading volume of 719,241 shares, compared to its average volume of 2,558,955. The stock has a market cap of $17,247.04, a PE ratio of 14.66, a PEG ratio of 2.30 and a beta of 1.16. The company has a quick ratio of 0.86, a current ratio of 0.93 and a debt-to-equity ratio of 1.56. Omnicom Group has a 12-month low of $65.32 and a 12-month high of $85.44.

The business also recently announced a quarterly dividend, which was paid on Monday, April 9th. Shareholders of record on Friday, March 9th were given a dividend of $0.60 per share. The ex-dividend date of this dividend was Thursday, March 8th. This represents a $2.40 annualized dividend and a yield of 3.15%. Omnicom Group’s dividend payout ratio (DPR) is presently 47.06%.

In other news, Treasurer Dennis E. Hewitt sold 2,000 shares of the stock in a transaction 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 completion of the sale, the treasurer now owns 42,561 shares in the company, valued at approximately $3,293,370.18. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 1.10% of the stock is currently owned by company insiders.

Several institutional investors and hedge funds have recently modified their holdings of the company. SeaCrest Wealth Management LLC acquired a new stake in Omnicom Group during the 4th quarter worth about $104,000. MUFG Americas Holdings Corp grew its position in Omnicom Group by 123.8% during the 4th quarter. MUFG Americas Holdings Corp now owns 1,531 shares of the business services provider’s stock worth $112,000 after purchasing an additional 847 shares during the period. Tower Research Capital LLC TRC acquired a new stake in Omnicom Group during the 4th quarter worth about $199,000. Oak Point Wealth Management acquired a new stake in Omnicom Group during the 4th quarter worth about $219,000. Finally, Lourd Capital LLC acquired a new stake in Omnicom Group during the 4th quarter worth about $220,000.

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About Omnicom Group

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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