Omnicom Group (OMC) to Release Earnings on Tuesday

Posted by Defense World Staff on Jul 16th, 2023

Omnicom Group (NYSE:OMC – Get Free Report) will be releasing its earnings data after the market closes on Tuesday, July 18th. Analysts expect Omnicom Group to post earnings of $1.80 per share for the quarter. Individual that wish to register for the company’s earnings conference call can do so using this link.

Omnicom Group (NYSE:OMC – Get Free Report) last released its quarterly earnings data on Tuesday, April 18th. The business services provider reported $1.56 earnings per share for the quarter, beating analysts’ consensus estimates of $1.38 by $0.18. Omnicom Group had a net margin of 9.57% and a return on equity of 41.72%. The firm had revenue of $3.44 billion for the quarter, compared to analyst estimates of $3.38 billion. During the same period last year, the firm earned $1.39 earnings per share. The business’s quarterly revenue was up 1.0% compared to the same quarter last year. On average, analysts expect Omnicom Group to post $7 EPS for the current fiscal year and $8 EPS for the next fiscal year.

Omnicom Group Stock Down 0.1 %

Omnicom Group stock opened at $96.29 on Friday. The firm’s fifty day moving average price is $93.33 and its two-hundred day moving average price is $90.75. The firm has a market capitalization of $19.21 billion, a price-to-earnings ratio of 14.48, a price-to-earnings-growth ratio of 2.71 and a beta of 0.84. The company has a current ratio of 0.96, a quick ratio of 0.85 and a debt-to-equity ratio of 1.54. Omnicom Group has a 1-year low of $61.85 and a 1-year high of $97.26.

Omnicom Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, July 7th. Stockholders of record on Friday, June 9th were issued a $0.70 dividend. The ex-dividend date was Thursday, June 8th. This represents a $2.80 annualized dividend and a dividend yield of 2.91%. Omnicom Group’s dividend payout ratio is currently 42.11%.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the stock. Morgan Stanley lifted their target price on shares of Omnicom Group from $95.00 to $100.00 and gave the stock an “equal weight” rating in a research note on Wednesday, April 19th. Macquarie boosted their target price on shares of Omnicom Group from $95.00 to $100.00 and gave the company a “neutral” rating in a report on Wednesday, April 19th. JPMorgan Chase & Co. boosted their target price on shares of Omnicom Group from $100.00 to $103.00 and gave the company an “overweight” rating in a report on Wednesday, April 19th. BNP Paribas upgraded shares of Omnicom Group from an “underperform” rating to a “neutral” rating and set a $96.00 price target on the stock in a research note on Wednesday, March 29th. Finally, StockNews.com assumed coverage on shares of Omnicom Group in a research note on Thursday, May 18th. They set a “hold” rating on the stock. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $99.86.

Insider Activity at Omnicom Group

In other news, Director Linda Johnson Rice sold 1,700 shares of Omnicom Group stock in a transaction dated Thursday, April 27th. The stock was sold at an average price of $89.75, for a total value of $152,575.00. Following the completion of the transaction, the director now owns 9,527 shares in the company, valued at approximately $855,048.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Omnicom Group news, Director Linda Johnson Rice sold 1,700 shares of Omnicom Group stock in a transaction that occurred on Thursday, April 27th. The stock was sold at an average price of $89.75, for a total transaction of $152,575.00. Following the transaction, the director now owns 9,527 shares of the company’s stock, valued at $855,048.25. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CEO Jonathan B. Nelson sold 25,000 shares of Omnicom Group stock in a transaction that occurred on Thursday, June 8th. The shares were sold at an average price of $94.71, for a total value of $2,367,750.00. Following the completion of the transaction, the chief executive officer now owns 121,347 shares in the company, valued at $11,492,774.37. The disclosure for this sale can be found here. Insiders sold 128,500 shares of company stock worth $12,073,741 in the last three months. 1.30% of the stock is owned by company insiders.

Hedge Funds Weigh In On Omnicom Group

Several institutional investors have recently added to or reduced their stakes in the business. Carolinas Wealth Consulting LLC raised its stake in Omnicom Group by 1,805.9% during the first quarter. Carolinas Wealth Consulting LLC now owns 324 shares of the business services provider’s stock valued at $31,000 after buying an additional 307 shares in the last quarter. Sunbelt Securities Inc. bought a new stake in shares of Omnicom Group during the 1st quarter worth $93,000. Resurgent Financial Advisors LLC bought a new stake in shares of Omnicom Group during the 4th quarter worth $85,000. Covestor Ltd boosted its position in shares of Omnicom Group by 77.0% in the first quarter. Covestor Ltd now owns 1,538 shares of the business services provider’s stock worth $131,000 after buying an additional 669 shares during the period. Finally, MBM Wealth Consultants LLC boosted its position in shares of Omnicom Group by 26.7% in the fourth quarter. MBM Wealth Consultants LLC now owns 1,703 shares of the business services provider’s stock worth $142,000 after buying an additional 359 shares during the period. 92.92% of the stock is currently owned by institutional investors and hedge funds.

Omnicom Group Company Profile

(Get Free Report)

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 brand consulting, experiential, execution and support, public relations, and healthcare.