Omnicom Group Inc. (NYSE:OMC) – Analysts at Jefferies Group upped their Q3 2018 earnings per share (EPS) estimates for Omnicom Group in a research note issued to investors on Tuesday. Jefferies Group analyst J. Janedis now expects that the business services provider will post earnings of $1.21 per share for the quarter, up from their previous forecast of $1.19. Jefferies Group currently has a “Hold” rating and a $82.00 target price on the stock. Jefferies Group also issued estimates for Omnicom Group’s FY2018 earnings at $5.41 EPS.
OMC has been the topic of several other research reports. Citigroup Inc. raised shares of Omnicom Group from a “sell” rating to a “neutral” rating in a report on Wednesday, September 6th. Zacks Investment Research lowered shares of Omnicom Group from a “buy” rating to a “hold” rating in a report on Monday, July 31st. Royal Bank Of Canada set a $96.00 price target on shares of Omnicom Group and gave the company a “buy” rating in a report on Tuesday, June 20th. BidaskClub lowered shares of Omnicom Group from a “hold” rating to a “sell” rating in a report on Wednesday, July 12th. Finally, Wells Fargo & Company reissued a “hold” rating and issued a $84.00 price target on shares of Omnicom Group in a report on Tuesday, July 18th. Two equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and two have issued a buy rating to the stock. Omnicom Group has a consensus rating of “Hold” and a consensus target price of $85.08.
Omnicom Group (NYSE:OMC) last posted its quarterly earnings results on Thursday, July 20th. The business services provider reported $1.40 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.38 by $0.02. Omnicom Group had a net margin of 7.61% and a return on equity of 42.54%. The company had revenue of $3.79 billion for the quarter, compared to the consensus estimate of $3.74 billion. During the same period last year, the firm posted $1.36 EPS. The company’s revenue for the quarter was down 2.4% on a year-over-year basis.
Institutional investors have recently made changes to their positions in the business. Parallel Advisors LLC lifted its holdings in Omnicom Group by 8.7% during the 2nd quarter. Parallel Advisors LLC now owns 1,300 shares of the business services provider’s stock valued at $102,000 after purchasing an additional 104 shares during the last quarter. Dupont Capital Management Corp acquired a new stake in Omnicom Group during the 2nd quarter valued at $104,000. Acrospire Investment Management LLC acquired a new stake in Omnicom Group during the 2nd quarter valued at $149,000. Invictus RG lifted its holdings in Omnicom Group by 1,098.2% during the 1st quarter. Invictus RG now owns 1,977 shares of the business services provider’s stock valued at $170,000 after purchasing an additional 1,812 shares during the last quarter. Finally, FNY Partners Fund LP lifted its holdings in Omnicom Group by 46.7% during the 1st quarter. FNY Partners Fund LP now owns 2,200 shares of the business services provider’s stock valued at $189,000 after purchasing an additional 700 shares during the last quarter. 98.60% of the stock is owned by institutional investors and hedge funds.
In other Omnicom Group news, Director Linda Johnson Rice sold 483 shares of the firm’s stock in a transaction on Monday, July 24th. The stock was sold at an average price of $82.19, for a total transaction of $39,697.77. Following the completion of the sale, the director now owns 7,724 shares of the company’s stock, valued at approximately $634,835.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Treasurer Dennis E. Hewitt sold 900 shares of the firm’s stock in a transaction on Wednesday, July 26th. The shares were sold at an average price of $79.11, for a total value of $71,199.00. Following the sale, the treasurer now directly 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. Company insiders own 1.10% of the company’s stock.
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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