Revenue Update on Omnicom Group(NYSE:OMC)

Omnicom Group(NYSE:OMC) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during Pre-market on Jul 14, 2016. Company reported revenue of $3.88B. Analysts estimated a revenue of $3.91B. Earnings per share were $1.36. Analysts had estimated an EPS of $1.33.

In a different note, On Apr 20, 2016, Barclays said it Downgrades its rating on Omnicom Group. In the research note, the firm Raises the price-target to $82.00 per share. The shares have been rated ‘Equal-weight’ by the firm.

Omnicom Group (OMC) made into the market gainers list on Mondays trading session with the shares advancing 0.31% or 0.26 points. Due to strong positive momentum, the stock ended at $83.04, which is also near the day’s high of $83.35. The stock began the session at $82.72 and the volume stood at 10,43,419 shares. The 52-week high of the shares is $85.95 and the 52 week low is $64.1216. The company has a current market capitalization of $19,743 M and it has 23,77,49,910 shares in outstanding.

Several Insider Transactions has been reported to the SEC. On Jun 10, 2016, Bruce Crawford (Chairman) sold 22,800 shares at $84.31 per share price.Also, On May 26, 2016, John Wren (President and CEO) sold 35,104 shares at $82.31 per share price.On Feb 18, 2016, Errol M Cook (director) sold 7,417 shares at $74.13 per share price, according to the Form-4 filing with the securities and exchange commission.

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 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. Its services in these disciplines include advertising brand consultancy content marketing corporate social responsibility consulting crisis communications data analytics and database management among others. Its advertising brands include BBDO Worldwide DDB Worldwide and TBWA Worldwide. The Company’s branded agency networks operate in geographic regions including the Americas which includes North America and Latin America; EMEA which includes Europe the Middle East and Africa and Asia Pacific which includes Australia China India Japan Korea New Zealand Singapore and other Asian countries.

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