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Omnicom Group Inc. (OMC)

  • Mon, Apr. 13, 12:05 PM
    • Key ad agency companies are trading lower as Pivotal Research's Brian Wieser downgrades a cadre in large part due to growing blowback about agency rebates ("kickbacks").
    • Recommending that investors "move to sidelines or exit the sector for the time being," Wieser bumped three firms to Sell from Hold: Omnicom (OMC -1.3%); Publicis (OTCQX:PUBGY -1.3%); and WPP (WPPGY -0.6%) and downgraded Interpublic Group (IPG -1.2%) to Hold, from a previous Buy.
    • He noted previous favorable views toward agencies based on the transition to digital advertising, but "we have reassessed our view in recent weeks with growing awareness of the topic of undisclosed agency rebates (aka 'kickbacks') in the United States."
    • Rightly or wrongly, he says, lack of understanding about agency rebates is confusing marketers and clients. WPP may be "most immunized" from the problem, ironically due to its transparency about not being transparent.
    • He has a price target for IPG of $23, down from $24 (trading now at $21.59); and for OMC of $66, down from $71 (now at $77.57).
    | Comment!
  • Wed, Apr. 8, 6:06 PM
    • John Wren, CEO of advertising/marketing giant Omnicom (NYSE:OMC), got $24M in total compensation last year, according to the company's latest proxy statement.
    • That's a 33% bump from the prior year, though his base salary is $1M; 95% of his pay is tied to performance.
    • The second-highest paid exec at Omnicom was Philip Angelastro, elevated to the CFO post in September. He received $5M, up from the prior year's $2.4M.
    • Wren's pay still pales in comparison to WPP (NASDAQ:WPPGY) CEO Martin Sorrell, who's set to receive $53M in shares this year, The Wall Street Journal notes.
    | Comment!
  • Mon, Mar. 30, 10:42 PM
    • After a quick review, Wells Fargo is in late-stage talks with OMD and Organic (both parts of Omnicom Group (NYSE:OMC)) to expand their relationship and give OMC business that's currently handled by Interpublic Group's (NYSE:IPG) UM.
    • OMD already leads on media planning/buying for Wells Fargo, but it's likely to take on Interpublic's digital and search responsibilities, as well as increasing planning/buying on multicultural ads.
    • Organic is expected to take digital creative business share from Interpublic's MRM.
    • The bank spent more than $170M in media in 2014.
    | Comment!
  • Tue, Mar. 3, 5:00 PM
    • Omnicom Media Group (NYSE:OMC) enters into an upfront deal covering about $50M in advertising with National CineMedia (NASDAQ:NCMI), which places ads in front of moviegoers and on their mobiles nationwide.
    • National CineMedia -- owned by America's biggest theater circuits, Regal, AMC and Cinemark along with smaller partners -- says it reaches more than 710M consumers a year.
    • The move is another step in Omnicom's premium-video focus, which has increasingly entailed cinema inventory buys. It's NCM's first ever agency upfront.
    • Omnicom shares were 0.7% lower today to $79.94, after touching their 52-week high of $80.98 yesterday.
    • Previously: Domestic consumer advertising boosts Omnicom to solid beat (Feb. 10 2015)
    | Comment!
  • Wed, Feb. 18, 2:09 PM
    • JPMorgan sees a bounce in retail sales over the next two quarters as stronger employment rates and lower gas prices underpin demand.
    • A screen by JP dug out the 12 stocks which show the largest correlation with headline retail sales growth.
    • A dozen to watch in retail: GM, F, COH, SBUX, BWA, DLPH, VFC, IPG, LB, OMC, TSCO, HOG
  • Wed, Feb. 11, 2:11 PM
    • Omnicom Group (NYSE:OMC) was down earlier after a downgrade from BMO Capital Markets, but has since recovered to the positive, +0.7%.
    • BMO downgraded shares to Market Perform from Outperform after Omnicom's earnings beat from yesterday, lowering their expectations for OMC's fiscal Q1.
    • The analysts lowered their price target for OMC to $77, from $82.
    • Telsey Advisory Group maintained a Market Perform rating but lowered its own price target to $74.50, from $78.50.
    • OMC shares are trading at $75.66.
    • Previously: Omnicom declares $0.50 dividend (Feb. 11 2015)
    • Previously: Domestic consumer advertising boosts Omnicom to solid beat (Feb. 10 2015)
    | Comment!
  • Wed, Feb. 11, 6:29 AM
    • Omnicom (NYSE:OMC) declares $0.50/share quarterly dividend, in line with previous.
    • Forward yield 2.66%
    • Payable April 7; for shareholders of record March 9; ex-div March 5.
    | Comment!
  • Tue, Feb. 10, 9:01 AM
    • Omnicom (NYSE:OMC) beat on top and bottom lines this morning as domestic revenues more than made up for an international shortfall.
    • Q4 EBITA increased to $609.4M (up 5.9%). EBITA margin increased to 14.5% from the prior 14.2%. Operating income was up 5.1% to $579.4M.
    • Domestic revenue up 8.8% to $2.239B; international revenue declined 2.2% to $1.956B. Overall, revenues were up 3.4% (organic growth increased it 5.9%; acquisitions increased it 0.6%; foreign exchange impact decreased it 3.1%).
    • Regional breakouts: Organic revenue in Q4 was up 8.3% in North America, up 6.2% in the UK, up 1.2% in Euro Markets and Other Europe, up 3.2% in Asia Pacific and up 14.1% in Africa/Middle EAst, and down 0.5% in Latin America.
    • Disciplines breakouts: Organic revenue was up 8.5% in advertising, up 1% in CRM, up 8.5% in public relations and up 9.4% in specialty communications.
    • Comparisons are affected slightly by $13.3M of pretax charges in 2013's Q4 related to Omnicom's failed $35B merger deal with Publicis Groupe. Excluding that, EBITA margin in Q4 2013 was 14.5% and EBITA in Q4 2014 was up 3.5% Y/Y.
    • Press Release
    | Comment!
  • Tue, Feb. 10, 7:02 AM
    • Omnicom (NYSE:OMC): Q4 EPS of $1.30 beats by $0.04.
    • Revenue of $4.2B (+3.4% Y/Y) beats by $50M.
    • Press Release
    | Comment!
  • Mon, Feb. 9, 5:30 PM
  • Tue, Feb. 3, 6:47 PM
    • Omnicom Group (NYSE:OMC) will release Q4 results on Tuesday, Feb. 10 in the premarket hours.
    • The firm has scheduled a conference call/webcast for that day at 8:30 a.m. ET.
    • Expectations are for EPS of $1.26 on revenues of $4.16B.
    | Comment!
  • Nov. 2, 2014, 6:33 PM
    • A deal to buy Sapient (NASDAQ:SAPE) could be announced as soon as Monday.
    • Publicis' (OTC:PBCBF, OTCPK:PGPEF, OTCQX:PUBGY) planned merger with Omnicom (NYSE:OMC) fell apart in May, and its sales growth has slowed recent quarters.
    • With Sapient, Publicis would add a more digital-focus to its traditional creative business. CEO Maurice Levy has said he wants Publicis to more closely resemble "an internet company."
    • SAPE's market cap is $2.5B; its revenue was $1.26B last year.
  • Oct. 21, 2014, 7:04 AM
    • Omnicom (NYSE:OMC): Q3 EPS of $0.95 beats by $0.05.
    • Revenue of $3.74B (+7.2% Y/Y) beats by $60M.
    • Press Release
    | Comment!
  • Oct. 20, 2014, 5:30 PM
  • Sep. 22, 2014, 5:42 PM
    • Randall Weisenberger, Omnicom's (NYSE:OMC) CFO since January 1999, is leaving to "return to private equity." He'll be replaced by Phil Angelastro, who has been the ad giant's finance SVP and controller since 2002.
    • Shares -0.7% AH.
    | Comment!
  • Jul. 22, 2014, 7:12 AM
    • Omnicom (NYSE:OMC): Q2 EPS of $1.23 beats by $0.06.
    • Revenue of $3.87B (+6.3% Y/Y) beats by $70M.
    • Press Release
    | Comment!
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Company Description
Omnicom Group Inc is an advertising, marketing and corporate communications company that provides professional services to clients through multiple agencies.
Sector: Services
Country: United States