Omnicom Group (NYSE:OMC) Announces Quarterly Earnings Results, Beats Estimates By $0.01 EPS

Omnicom Group (NYSE:OMC) issued its earnings results on Tuesday. The business services provider reported $2.03 EPS for the quarter, topping the consensus estimate of $2.02 by $0.01, RTT News reports. The firm had revenue of $3.88 billion during the quarter, compared to analysts’ expectations of $3.79 billion. Omnicom Group had a return on equity of 37.51% and a net margin of 9.55%. During the same period last year, the business earned $1.86 earnings per share.

Omnicom Group Price Performance

Omnicom Group stock opened at $105.49 on Thursday. The firm has a market capitalization of $20.66 billion, a P/E ratio of 14.26, a PEG ratio of 2.39 and a beta of 0.94. Omnicom Group has a 1 year low of $73.28 and a 1 year high of $105.93. The business has a 50-day moving average of $99.85 and a 200-day moving average of $95.15. The company has a current ratio of 0.93, a quick ratio of 0.81 and a debt-to-equity ratio of 1.31.

Analyst Ratings Changes

A number of brokerages have issued reports on OMC. Wells Fargo & Company cut Omnicom Group from an “overweight” rating to an “equal weight” rating and lifted their price objective for the company from $106.00 to $110.00 in a report on Wednesday. Bank of America lifted their price objective on Omnicom Group from $87.00 to $89.00 and gave the company an “underperform” rating in a report on Thursday, September 5th. UBS Group lifted their price objective on Omnicom Group from $120.00 to $124.00 and gave the company a “buy” rating in a report on Wednesday. Macquarie lifted their price target on Omnicom Group from $110.00 to $120.00 and gave the company an “outperform” rating in a report on Wednesday. Finally, JPMorgan Chase & Co. lifted their price target on Omnicom Group from $118.00 to $119.00 and gave the company an “overweight” rating in a report on Wednesday. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat.com, Omnicom Group currently has a consensus rating of “Moderate Buy” and an average price target of $109.20.

Insider Transactions at Omnicom Group

In other news, VP Rochelle M. Tarlowe sold 3,000 shares of the business’s stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $99.17, for a total transaction of $297,510.00. Following the completion of the transaction, the vice president now directly owns 15,375 shares in the company, valued at approximately $1,524,738.75. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, VP Rochelle M. Tarlowe sold 3,000 shares of the business’s stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $99.17, for a total transaction of $297,510.00. Following the completion of the transaction, the vice president now directly owns 15,375 shares in the company, valued at approximately $1,524,738.75. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Linda Johnson Rice sold 488 shares of the business’s stock in a transaction dated Friday, July 19th. The stock was sold at an average price of $90.88, for a total value of $44,349.44. Following the transaction, the director now owns 10,356 shares of the company’s stock, valued at $941,153.28. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.30% of the company’s stock.

About Omnicom Group

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.