Jefferies Financial Group Analysts Lift Earnings Estimates for Omnicom Group Inc. (OMC)

Omnicom Group Inc. (NYSE:OMC) – Equities research analysts at Jefferies Financial Group raised their FY2018 earnings per share estimates for Omnicom Group in a report issued on Tuesday, October 16th. Jefferies Financial Group analyst J. Janedis now expects that the business services provider will post earnings per share of $5.65 for the year, up from their previous estimate of $5.63. Jefferies Financial Group also issued estimates for Omnicom Group’s Q4 2018 earnings at $1.67 EPS, Q2 2019 earnings at $1.59 EPS, Q3 2019 earnings at $1.28 EPS, Q4 2019 earnings at $1.75 EPS, FY2019 earnings at $5.73 EPS, Q3 2020 earnings at $1.36 EPS and FY2020 earnings at $6.08 EPS.

Several other analysts have also issued reports on the stock. ValuEngine upgraded shares of Omnicom Group from a “strong sell” rating to a “sell” rating in a research report on Thursday, August 30th. Barclays lowered shares of Omnicom Group from an “equal weight” rating to a “sell” rating and set a $75.00 price target on the stock. in a research report on Friday, September 28th. Zacks Investment Research upgraded shares of Omnicom Group from a “sell” rating to a “hold” rating in a research report on Thursday, September 6th. Wells Fargo & Co reiterated a “market perform” rating and set a $75.00 price target (down previously from $80.00) on shares of Omnicom Group in a research report on Tuesday, July 17th. Finally, BMO Capital Markets reiterated a “buy” rating and set a $85.00 price target on shares of Omnicom Group in a research report on Thursday, July 19th. Four research analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has given a buy rating to the stock. Omnicom Group has an average rating of “Hold” and a consensus target price of $74.67.

Shares of NYSE:OMC opened at $77.07 on Thursday. Omnicom Group has a 12-month low of $65.32 and a 12-month high of $83.34. The company has a market cap of $16.96 billion, a price-to-earnings ratio of 15.11, a price-to-earnings-growth ratio of 2.29 and a beta of 1.06. The company has a current ratio of 0.87, a quick ratio of 0.78 and a debt-to-equity ratio of 1.48.

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

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Cynosure Advisors LLC lifted its stake in Omnicom Group by 14.6% in the 2nd quarter. Cynosure Advisors LLC now owns 22,440 shares of the business services provider’s stock valued at $1,711,000 after purchasing an additional 2,860 shares during the last quarter. Brown Advisory Inc. lifted its stake in Omnicom Group by 57.3% in the 2nd quarter. Brown Advisory Inc. now owns 252,622 shares of the business services provider’s stock valued at $19,268,000 after purchasing an additional 92,037 shares during the last quarter. BlackRock Inc. lifted its stake in Omnicom Group by 0.7% in the 2nd quarter. BlackRock Inc. now owns 14,936,191 shares of the business services provider’s stock valued at $1,139,184,000 after purchasing an additional 109,292 shares during the last quarter. Evanston Investments Inc. dba Evanston Advisors lifted its stake in Omnicom Group by 1.0% in the 2nd quarter. Evanston Investments Inc. dba Evanston Advisors now owns 119,128 shares of the business services provider’s stock valued at $9,086,000 after purchasing an additional 1,176 shares during the last quarter. Finally, Mitsubishi UFJ Kokusai Asset Management Co. Ltd. lifted its stake in Omnicom Group by 6.0% in the 2nd quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 33,576 shares of the business services provider’s stock valued at $2,561,000 after purchasing an additional 1,893 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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