Omnicom Group (NYSE:OMC) Posts Earnings Results, Beats Expectations By $0.01 EPS

Omnicom Group (NYSE:OMC) released its quarterly earnings data on Tuesday. The business services provider reported $2.03 EPS for the quarter, beating the consensus estimate of $2.02 by $0.01, RTT News reports. Omnicom Group had a return on equity of 37.51% and a net margin of 9.55%. The company had revenue of $3.88 billion during the quarter, compared to the consensus estimate of $3.79 billion. During the same quarter in the prior year, the firm posted $1.86 EPS.

Omnicom Group Price Performance

Omnicom Group stock opened at $105.49 on Thursday. The company has a debt-to-equity ratio of 1.31, a quick ratio of 0.81 and a current ratio of 0.93. Omnicom Group has a 52 week low of $73.28 and a 52 week high of $105.93. The stock has a market capitalization of $20.66 billion, a P/E ratio of 14.26, a price-to-earnings-growth ratio of 2.39 and a beta of 0.94. The stock has a fifty day moving average of $99.85 and a 200-day moving average of $95.15.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. Bank of America upped their target price on shares of 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 shares of Omnicom Group from $120.00 to $124.00 and gave the stock a “buy” rating in a research report on Wednesday. Macquarie increased their price objective on shares of Omnicom Group from $110.00 to $120.00 and gave the company an “outperform” rating in a research report on Wednesday. Wells Fargo & Company downgraded shares of Omnicom Group from an “overweight” rating to an “equal weight” rating and lifted their target price for the stock from $106.00 to $110.00 in a report on Wednesday. Finally, JPMorgan Chase & Co. upped their price objective on Omnicom Group from $118.00 to $119.00 and gave the company an “overweight” rating in a report on Wednesday. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $109.20.

Insider Activity at Omnicom Group

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

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.