In the last trading session, 4.84 million shares of the Omnicom Group Inc. (NYSE:OMC) were traded, and its beta was 0.94. Most recently the company’s share price was $73.07, and it changed around -$3.29 or -4.31% from the last close, which brings the market valuation of the company to $15.94B. OMC currently trades at a discount to its 52-week high of $86.38, offering almost -18.22% off that amount. The share price’s 52-week low was $44.50, which indicates that the current value has risen by an impressive 39.1% since then. We note from Omnicom Group Inc.’s average daily trading volume that its 10-day average is 1.32 million shares, with the 3-month average coming to 1.66 million.
Omnicom Group Inc. stock received a consensus recommendation rating of a Hold, based on a mean score of 2.60. If we narrow it down even further, the data shows that 1 out of 14 analysts rate the stock as a Sell; another 0 rate it as Overweight. Among the rest, 7 recommended OMC as a Hold, whereas 5 deemed it a Buy, and 1 rated it as Underweight. Omnicom Group Inc. is expected to report earnings per share of $1.37 for the current quarter.
Omnicom Group Inc. (NYSE:OMC) trade information
Instantly OMC has showed a red trend with a performance of -4.31% at the end of last trading. The performance over the last five days has remained in the red territory. The rise to weekly highs of 79.30 on Tuesday, 07/20/21 increased the stock’s daily price by 7.86%. The company’s shares are currently up 17.16% year-to-date, but still down -6.19% over the last five days. On the other hand, Omnicom Group Inc. (NYSE:OMC) is -5.87% down in the 30-day period. We can see from the shorts that 10.24 million shares have been sold at a short interest cover period of 4.97 day(s).
The consensus price target as assigned by Wall Street analysts is $85.91, which translates to bulls needing to increase their stock price by 14.95% from its current value. Analyst projections state that OMC is forecast to be at a low of $69.00 and a high of $99.00. In order for the stock price to hit the forecast high, the stock would need to plunge -35.49% from its current level, while the stock would need to crash 5.57% from its current level to reach the projected low.
Omnicom Group Inc. (OMC) estimates and forecasts
Omnicom Group Inc. share prices are performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have risen 15.80 percent over the past six months and at a 22.97% annual growth rate that is well above the industry average of 14.60%. Moreover, analysts have decided to roll up on their fiscal year 2021 revenue estimates. The rating firms predict that it will gain 48.90% in revenue this quarter, and will report an increase of 19.00% in the next quarter. The year-over-year growth rate is expected to be 8.20%, up from the previous year.
Consensus estimates provided by 7 financial analysts predict the company will bring in an average of $3.37 billion in revenue for the current quarter. 7 analysts expect Omnicom Group Inc. to make $3.5 billion in revenue for the quarter ending Sep 2021. The company’s sales for the same quarters a year ago were $2.8 billion and $3.04 billion respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 20.40%. Forecasts for the next quarter put sales growth at 15.10%.
Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of -0.40%. Omnicom Group Inc. earnings are expected to increase by -27.90% in 2021, but the outlook is positive 9.50% per year for the next five years.
Omnicom Group Inc.’s next quarterly earnings report is expected to be released around July 26 and July 30. The annual dividend yield of the stock is 3.83 percent and its annual dividend per share was 2.80. It is important to note, however, that the 3.83% dividend yield ratio should be regarded as a guide only, as many other factors should be taken into consideration before making any investment decision. The average dividend yield for the past five years averaged 3.33 per year.
Omnicom Group Inc. (NYSE:OMC)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 1.15% of Omnicom Group Inc. shares, and 96.98% of them are in the hands of institutional investors. The stock currently has a share float of 98.11%. Omnicom Group Inc. stock is held by 1,071 institutions, with Vanguard Group, Inc. (The) being the largest institutional investor. By Dec 30, 2020, it held 11.41% of the shares, which is about 24.53 million shares worth $1.53 billion.
Blackrock Inc., with 8.67% or 18.64 million shares worth $1.16 billion as of Dec 30, 2020, holds the second largest percentage of outstanding shares.
Vanguard Total Stock Market Index Fund and Vanguard Mid-Cap Index Fund were the top two Mutual Funds as of Dec 30, 2020. The former held 6.05 million shares worth $377.53 million, making up 2.81% of all outstanding shares. On the other hand, Vanguard Mid-Cap Index Fund held roughly 4.86 million shares worth around $302.89 million, which represents about 2.26% of the total shares outstanding.