Wall Street analysts expect that Omnicom Group Inc. (NYSE:OMC) will report $3.69 billion in sales for the current quarter, Zacks Investment Research reports. Three analysts have made estimates for Omnicom Group’s earnings. The lowest sales estimate is $3.67 billion and the highest is $3.70 billion. Omnicom Group posted sales of $3.79 billion in the same quarter last year, which would indicate a negative year-over-year growth rate of 2.6%. The firm is scheduled to announce its next quarterly earnings results on Tuesday, October 17th.

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

Omnicom Group (NYSE:OMC) last announced its quarterly earnings data on Thursday, July 20th. The business services provider reported $1.40 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.38 by $0.02. The firm had revenue of $3.79 billion for the quarter, compared to the consensus estimate of $3.74 billion. Omnicom Group had a net margin of 7.61% and a return on equity of 42.54%. The company’s revenue was down 2.4% on a year-over-year basis. During the same period last year, the firm earned $1.36 EPS.

Several research analysts recently weighed in on OMC shares. Zacks Investment Research raised shares of Omnicom Group from a “hold” rating to a “buy” rating and set a $91.00 target price for the company in a research note on Friday, July 14th. BidaskClub downgraded shares of Omnicom Group from a “sell” rating to a “strong sell” rating in a research note 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 research note on Saturday, July 22nd. Jefferies Group LLC reissued a “hold” rating and issued a $82.00 target price on shares of Omnicom Group in a research note on Friday, July 14th. Finally, Credit Suisse Group reissued a “neutral” rating and issued a $79.00 target price (down previously from $81.00) on shares of Omnicom Group in a research note on Friday, July 14th. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating and one has assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $86.00.

In other news, 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 completion of the transaction, the director now owns 7,724 shares of the company’s stock, valued at approximately $634,835.56. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Treasurer Dennis E. Hewitt sold 900 shares of the business’s stock in a transaction dated Wednesday, July 26th. The stock was sold at an average price of $79.11, for a total value of $71,199.00. Following the sale, the treasurer now owns 44,161 shares of the company’s stock, valued at approximately $3,493,576.71. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 24,183 shares of company stock valued at $2,046,845. Corporate insiders own 1.10% of the company’s stock.

Several hedge funds have recently modified their holdings of OMC. Toronto Dominion Bank boosted its stake in shares of Omnicom Group by 43.0% in the second quarter. Toronto Dominion Bank now owns 104,807 shares of the business services provider’s stock worth $8,691,000 after buying an additional 31,527 shares during the last quarter. BB&T Investment Services Inc. purchased a new stake in shares of Omnicom Group during the second quarter worth about $1,408,000. Security National Bank of SO Dak boosted its stake in shares of Omnicom Group by 1.0% in the second quarter. Security National Bank of SO Dak now owns 9,959 shares of the business services provider’s stock worth $825,000 after buying an additional 100 shares during the last quarter. Security National Bank of Sioux City Iowa IA boosted its stake in shares of Omnicom Group by 0.3% in the second quarter. Security National Bank of Sioux City Iowa IA now owns 11,858 shares of the business services provider’s stock worth $983,000 after buying an additional 35 shares during the last quarter. Finally, Nomura Holdings Inc. boosted its stake in shares of Omnicom Group by 114.2% in the second quarter. Nomura Holdings Inc. now owns 29,844 shares of the business services provider’s stock worth $2,474,000 after buying an additional 15,910 shares during the last quarter. Institutional investors and hedge funds own 98.02% of the company’s stock.

Shares of Omnicom Group (NYSE OMC) opened at 73.13 on Monday. Omnicom Group has a 12 month low of $72.64 and a 12 month high of $89.66. The stock’s 50 day moving average is $79.00 and its 200 day moving average is $82.71. The company has a market capitalization of $16.88 billion, a P/E ratio of 14.77 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 paid a dividend of $0.55 per share. This represents a $2.20 dividend on an annualized basis and a dividend yield of 3.01%. The ex-dividend date of this dividend is Thursday, September 21st. Omnicom Group’s dividend payout ratio is currently 44.44%.

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Omnicom Group Company Profile

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.

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

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