Omnicom Group (OMC) Set to Announce Quarterly Earnings on Tuesday

Omnicom Group (NYSE:OMC - Get Free Report) will release its earnings data after the market closes on Tuesday, April 16th. Analysts expect Omnicom Group to post earnings of $1.52 per share for the quarter.

Omnicom Group (NYSE:OMC - Get Free Report) last issued its quarterly earnings data on Monday, February 5th. The business services provider reported $2.20 EPS for the quarter, topping analysts' consensus estimates of $2.16 by $0.04. The company had revenue of $4.06 billion for the quarter, compared to analysts' expectations of $4 billion. Omnicom Group had a return on equity of 39.07% and a net margin of 9.47%. The firm's quarterly revenue was up 5.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.09 earnings per share. On average, analysts expect Omnicom Group to post $8 EPS for the current fiscal year and $8 EPS for the next fiscal year.

Omnicom Group Stock Up 0.9 %

Shares of OMC traded up $0.86 during midday trading on Tuesday, reaching $93.94. 1,081,564 shares of the company were exchanged, compared to its average volume of 1,609,601. The stock has a 50-day moving average price of $90.91 and a 200-day moving average price of $84.33. The company has a market cap of $18.52 billion, a price-to-earnings ratio of 13.60, a P/E/G ratio of 2.22 and a beta of 0.97. Omnicom Group has a 1-year low of $72.20 and a 1-year high of $99.23. The company has a current ratio of 0.95, a quick ratio of 0.86 and a debt-to-equity ratio of 1.16.

Omnicom Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 9th. Shareholders of record on Monday, March 11th will be paid a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a dividend yield of 2.98%. The ex-dividend date of this dividend is Friday, March 8th. Omnicom Group's dividend payout ratio is presently 40.46%.

Insider Activity

In other news, Director Linda Johnson Rice sold 507 shares of the company's stock in a transaction that occurred on Friday, February 9th. The stock was sold at an average price of $86.66, for a total transaction of $43,936.62. Following the completion of the transaction, the director now directly owns 9,753 shares of the company's stock, valued at $845,194.98. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 1.30% of the company's stock.

Hedge Funds Weigh In On Omnicom Group

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Carolinas Wealth Consulting LLC grew its holdings in Omnicom Group by 1,805.9% in the 1st quarter. Carolinas Wealth Consulting LLC now owns 324 shares of the business services provider's stock worth $31,000 after buying an additional 307 shares in the last quarter. KB Financial Partners LLC grew its holdings in Omnicom Group by 1,326.1% in the 2nd quarter. KB Financial Partners LLC now owns 328 shares of the business services provider's stock worth $31,000 after buying an additional 305 shares in the last quarter. First Capital Advisors Group LLC. bought a new position in Omnicom Group in the 2nd quarter worth approximately $45,000. Resurgent Financial Advisors LLC bought a new position in Omnicom Group in the 4th quarter worth approximately $85,000. Finally, Sunbelt Securities Inc. bought a new position in Omnicom Group in the 1st quarter worth approximately $93,000. 91.97% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the company. Macquarie boosted their price objective on Omnicom Group from $100.00 to $110.00 and gave the stock an "outperform" rating in a research note on Tuesday, April 2nd. UBS Group assumed coverage on Omnicom Group in a research note on Thursday, January 11th. They issued a "buy" rating and a $117.00 price target on the stock. Barclays boosted their price target on Omnicom Group from $95.00 to $100.00 and gave the stock an "equal weight" rating in a research note on Monday, January 29th. Morgan Stanley upgraded Omnicom Group from an "equal weight" rating to an "overweight" rating and boosted their price target for the stock from $90.00 to $100.00 in a research note on Friday, December 15th. Finally, BNP Paribas upgraded Omnicom Group from a "neutral" rating to an "outperform" rating and set a $115.00 price target on the stock in a research note on Thursday, March 28th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have issued a buy rating to the company's stock. According to MarketBeat, Omnicom Group currently has an average rating of "Moderate Buy" and a consensus target price of $102.44.

Omnicom Group Company Profile

Omnicom Group Inc, together with its subsidiaries, offers advertising, marketing, and corporate communications services. It provides a range of services in the areas of advertising and media, precision marketing, commerce and branding, experiential, execution and support, public relations, and healthcare.