$4.08 Billion in Sales Expected for Omnicom Group Inc. (OMC) This Quarter

Brokerages expect that Omnicom Group Inc. (NYSE:OMC) will post sales of $4.08 billion for the current quarter, according to Zacks. Two analysts have issued estimates for Omnicom Group’s earnings. The highest sales estimate is $4.08 billion and the lowest is $4.07 billion. Omnicom Group reported sales of $4.18 billion during the same quarter last year, which would suggest a negative year-over-year growth rate of 2.4%. The company is expected to announce its next earnings results on Thursday, February 21st.

On average, analysts expect that Omnicom Group will report full-year sales of $15.27 billion for the current financial year, with estimates ranging from $15.24 billion to $15.28 billion. For the next year, analysts forecast that the business will report sales of $15.31 billion, with estimates ranging from $15.19 billion to $15.40 billion. Zacks’ sales averages are a mean average based on a survey of research firms that follow Omnicom Group.

Omnicom Group (NYSE:OMC) last posted its earnings results on Tuesday, October 16th. The business services provider reported $1.24 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.21 by $0.03. The business had revenue of $3.71 billion for the quarter, compared to analyst estimates of $3.68 billion. Omnicom Group had a net margin of 7.68% and a return on equity of 41.70%. The business’s quarterly revenue was down .1% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.13 EPS.

OMC has been the topic of several recent research reports. Barclays lowered shares of Omnicom Group from an “equal weight” rating to a “sell” rating and set a $75.00 target price on the stock. in a report on Friday, September 28th. Zacks Investment Research upgraded shares of Omnicom Group from a “sell” rating to a “hold” rating in a report on Thursday, September 6th. ValuEngine upgraded shares of Omnicom Group from a “strong sell” rating to a “sell” rating in a report on Thursday, August 30th. Citigroup lifted their target price on shares of Omnicom Group from $80.00 to $82.00 and gave the company a “neutral” rating in a report on Wednesday, October 24th. Finally, Pivotal Research lifted their target price on shares of Omnicom Group from $65.00 to $66.00 and gave the company a “hold” rating in a report on Tuesday, October 16th. Four investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $75.40.

Shares of NYSE:OMC traded up $0.96 during midday trading on Friday, hitting $76.66. 4,041,528 shares of the company’s stock traded hands, compared to its average volume of 2,884,729. The company has a current ratio of 0.87, a quick ratio of 0.77 and a debt-to-equity ratio of 1.48. The firm has a market capitalization of $16.96 billion, a price-to-earnings ratio of 15.03, a PEG ratio of 2.07 and a beta of 0.77. Omnicom Group has a twelve month low of $65.85 and a twelve month high of $83.34.

In related news, CEO Jonathan B. Nelson sold 13,000 shares of Omnicom Group stock in a transaction on Friday, October 19th. The shares were sold at an average price of $77.38, for a total transaction of $1,005,940.00. Following the sale, the chief executive officer now owns 58,569 shares of the company’s stock, valued at approximately $4,532,069.22. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Linda Johnson Rice sold 533 shares of Omnicom Group stock in a transaction on Thursday, October 18th. The stock was sold at an average price of $76.28, for a total transaction of $40,657.24. Following the sale, the director now directly owns 8,027 shares in the company, valued at approximately $612,299.56. The disclosure for this sale can be found here. Insiders have sold a total of 14,233 shares of company stock worth $1,098,528 in the last ninety days. 1.20% of the stock is currently owned by insiders.

A number of institutional investors have recently added to or reduced their stakes in the stock. Bank of New York Mellon Corp increased its position in shares of Omnicom Group by 1,412,816.5% in the 3rd quarter. Bank of New York Mellon Corp now owns 9,862,157 shares of the business services provider’s stock worth $670,825,000 after purchasing an additional 9,861,459 shares during the last quarter. Charles Schwab Investment Advisory Inc. bought a new stake in shares of Omnicom Group in the 2nd quarter worth about $227,088,000. Morgan Stanley increased its position in shares of Omnicom Group by 209.0% in the 3rd quarter. Morgan Stanley now owns 1,403,684 shares of the business services provider’s stock worth $95,480,000 after purchasing an additional 949,421 shares during the last quarter. FMR LLC increased its position in shares of Omnicom Group by 20.1% in the 3rd quarter. FMR LLC now owns 5,203,396 shares of the business services provider’s stock worth $353,934,000 after purchasing an additional 870,559 shares during the last quarter. Finally, Glenmede Trust Co. NA increased its position in shares of Omnicom Group by 57.9% in the 3rd quarter. Glenmede Trust Co. NA now owns 2,073,745 shares of the business services provider’s stock worth $141,055,000 after purchasing an additional 760,167 shares during the last quarter.

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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