Omnicom Group Inc.

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  • Wed, Feb. 3, 5:38 AM
    • Omnicom (NYSE:OMC) declares $0.50/share quarterly dividend, in line with previous.
    • Forward yield 2.76%
    • Payable April 7; for shareholders of record March 9; ex-div March 7.
    | Wed, Feb. 3, 5:38 AM
  • Mon, Jan. 25, 7:35 PM
    • Multiculturally focused communications agency Dieste (NYSE:OMC) has named Ciro Sarmiento its chief creative officer.
    • Sarmiento will take over February 1 for Paco Olavarrieta, who will remain with the agency in an at-large role.
    • Sarmiento had joined Dieste in 2013 as an executive creative director working under Olavarrieta. The firm says it's been working on a success plan over the past year.
    | Mon, Jan. 25, 7:35 PM
  • Dec. 15, 2015, 3:49 PM
    • After gaining as much as 1% in a strong market today, Omnicom (NYSE:OMC) is back to flat after JPMorgan Chase cuts its price target slightly.
    • The analysts maintain an Overweight rating on the stock while trimming its target to $84, implying just over 13% upside from current prices.
    • Omnicom's had a week of catalysts after taking a chunk of business from Publicis Groupe in the heavily watched Procter & Gamble account, while facing a loss of business as Clorox has begun an ad review.
    • Previously: Clorox launches ad review, could consolidate account (Dec. 07 2015)
    • Previously: Omnicom +1.8% as it scores coup with closely watched Procter & Gamble account (Dec. 07 2015)
    | Dec. 15, 2015, 3:49 PM
  • Dec. 7, 2015, 8:31 PM
    • Clorox is starting an ad account review that could see it consolidating lead and digital work in a single agency amid a shift in its media mix.
    • DDB (NYSE:OMC) is lead on its account, while AKQA (NASDAQ:WPPGY) is on digital and Baldwin& handles Burt's Bees.
    • The company has shifted more quickly into digital media than its peers, and it's DDB and Baldwin& that are defending their work in the review.
    • Clorox's look should be complete by the spring, and could mean consolidation with one partner. "It just depends on which agency comes forward with the best ideas an approach," said spokesman David Kellis.
    | Dec. 7, 2015, 8:31 PM
  • Dec. 7, 2015, 12:07 PM
    • Ad giant Omnicom (NYSE:OMC) has jumped 1.8% as it's taking over most of the media buying and planning for Procter & Gamble, taking a significant chunk of business from Publicis Groupe (OTCQX:PUBGY +0.3%).
    • Publicis' Starcom Mediavest Group handled most of P&G's North American media; Omnicom reportedly didn't have any of the consumer-products giant's business previously.
    • It's not entirely unexpected but still a blow to Publicis, which went into an unusually heavy review period this summer with the most to lose among its peers.
    • Billings up for review this year were more than the past three years combined; the P&G account has been one of the most heavily watched pitches, as the company is the world's biggest ad spender.
    • Previously: Publicis +2.3%, sets major restructuring into four hubs for 2016 (Dec. 03 2015)
    • Previously: Volatile summer for ad agencies with $26B under review (Jun. 12 2015)
    | Dec. 7, 2015, 12:07 PM
  • Dec. 4, 2015, 6:14 AM
    • Omnicom (NYSE:OMC) declares $0.50/share quarterly dividend, in line with previous.
    • Forward yield 2.70%.
    • Payable Jan. 7; for shareholders of record Dec. 18; ex-div Dec. 16.
    | Dec. 4, 2015, 6:14 AM
  • Nov. 23, 2015, 11:41 AM
    • DDB Worldwide (OMC +0.4%) is acquiring Grupo ABC, Brazil's biggest independent advertising/marketing communications group and one of the biggest in the world.
    • Terms weren't disclosed, though judging from past stakes in the firm the deal could crest $250M.
    • Chairman Nizan Guanaes and CEO Guga Valente will continue in their leadership roles after the deal; the two founded Grupo ABC in 2002.
    • Grupo ABC has more than 2,000 employees in 30 locations.
    | Nov. 23, 2015, 11:41 AM
  • Oct. 20, 2015, 9:31 AM
    • Omnicom (NYSE:OMC) is up 1.5% after beating expectations with Q3 results where organic revenues grew more than 6% and strength in North America and Europe made up for weakness in Latin America.
    • Excluding acquisitions/dispositions and currency effects, revenues were up 6.1%; foreign exchange rates had a negative impact of 7.2%.
    • Organic ad revenue was up 9.9% and specialty communications up 5.4%, while CRM increased 2.8%. Public relations revenue fell 1.5%.
    • Regionally, organic revenues were up 6.3% in North America and 9.1% in the UK. It increased 4.5% in Euro markets/other Europe, 8.6% in Asia Pacific and 0.4% in Africa/Middle East, while falling 6.9% in Latin America.
    • EBITA fell to $454.7M (down 1.3%) with margin of 12.3% (unchanged).
    | Oct. 20, 2015, 9:31 AM
  • Oct. 20, 2015, 6:43 AM
    • Omnicom (NYSE:OMC): Q3 EPS of $0.97 beats by $0.02.
    • Revenue of $3.71B (-1.1% Y/Y) beats by $60M.
    | Oct. 20, 2015, 6:43 AM
  • Oct. 19, 2015, 5:30 PM
  • Aug. 24, 2015, 10:49 AM
    • Ad agency TBWA Worldwide (OMC -2.6%) is merging Canadian operations, blending TBWA\Toronto and Juniper Park to create Juniper Park\TBWA.
    • Juniper Park's team, led by CEO Jill Nykoliation, will head up the new enterprise, as TBWA\Canada chief Jay Bertram will resign as of September's end to pursue new opportunities.
    • Juniper Park had become an official part of the TBWA network in March. "This merger formalizes a relationship that is well under way," said Nykoliation.
    • The two will combine their client rosters (including companies such as Nissan, Miller Lite, PepsiCo and Pfizer) and will move together under one office roof.
    | Aug. 24, 2015, 10:49 AM
  • Jul. 21, 2015, 4:25 PM
    • In posting Q2 earnings this morning, Omnicom (OMC -1.2%) focused on EPS growth and a rise in organic revenue, but meanwhile earnings call questions covered issues very much on the mind of advertising investors: the changing landscape for advertising, particularly nearly $30B in agency reviews going on now.
    • “We know the media landscape has become more complex and many of the reviews are strategic re-evaluation of agency suppliers,” said CEO John Wren on the call. He pointed to an increase in media outlets and the uptake in online video as reasons advertisers might rethink strategies.
    • The company says it's defending $1.2B in billings and has an upside of $1B more from the accounts. Wren says the cmpany's halfway through pitches and expects big assignments to be decided by October. He also said current clients were first priority, and that Omnicom was sitting out reviews by Twenty-First Century Fox, Citibank, Coke, Coty and L'Oreal.
    • The programmatic trading desk, Accuen, has been a standout, adding about $30M in revenues this quarter, "still somewhat early days."
    • Next up: Interpublic Group (NYSE:IPG) reports in the morning.
    • Previously: Omnicom -1.3% despite beat, as forex issues drive declines in revenue, profit (Jul. 21 2015)
    • Previously: Omnicom kicking off big advertising earnings: What to watch (Jul. 20 2015)
    • Related: Omnicom Group's (NYSE:OMC) CEO John Wren on Q2 2015 Results - Earnings Call Transcript (Jul. 21 2015)
    | Jul. 21, 2015, 4:25 PM
  • Jul. 21, 2015, 10:10 AM
    • Omnicom (NYSE:OMC) is off 1.3% despite the ad giant beating expectations on top and bottom lines, as profits and revenues declined Y/Y in the face of currency fluctuations.
    • Foreign exchange issues dampened what was underlying unit growth in sales. Revenues that fell to $3.81B (down 1.6%) still beat forecasts of $3.76B. Meanwhile, organic revenues rose 5.3%; forex effects were 7.1% to the negative, the company said.
    • Organic revenue change by discipline: Advertising, up 6.4%; CRM, up 4.3%; Public Relations, up 0.3%; Specialty Communications, up 8%.
    • Organic revenue breakdown by region: North America, up 5.9%; UK, up 5.4%; Euro Markets/Other Europe, up 3.9%; Asia Pacific, up 7.6%; Africa/Middle East, up 11.9%; Latin America, down 9.6%.
    • Previously: Omnicom kicking off big advertising earnings: What to watch (Jul. 20 2015)
    | Jul. 21, 2015, 10:10 AM
  • Jul. 21, 2015, 7:02 AM
    • Omnicom (NYSE:OMC): Q2 EPS of $1.26 beats by $0.04.
    • Revenue of $3.81B (-1.6% Y/Y) beats by $50M.
    | Jul. 21, 2015, 7:02 AM
  • Jul. 20, 2015, 8:01 PM
    • Omnicom (NYSE:OMC) reports earnings tomorrow morning, kicking off reports from advertising's big players, including WPP (NASDAQ:WPPGY), Publicis (OTCQX:PUBGY) and Interpublic Group (NYSE:IPG) in a very shaky time for the Avenue, with a record amount of billings under review.
    • Overall, the group is expected to post organic sales growth in low- to mid-single digits.
    • With nearly $30B in spending under review by major advertisers, investors will be on the lookout for any color the agency groups can offer on new business and what it would mean to the bottom line. Publicis in particular is defending more than $7B in billings (EPS risk of 2.3%).
    • As if the reviews weren't enough, there's the evolution of TV upfronts -- increasingly granular data and the advent of over-the-top video is changing the nature of ordering TV ads -- and, as Nathalie Tadena notes, the chatter that rebates (kickbacks) are widespread.
    • Omnicom is expected to post EPS tomorrow morning of $1.20 on revenues of $3.77B (down 2.5% Y/Y), and EBITDA of $601.8M, according to Capital IQ.
    • Previously: Volatile summer for ad agencies with $26B under review (Jun. 12 2015)
    | Jul. 20, 2015, 8:01 PM
  • Jul. 20, 2015, 5:30 PM
    | Jul. 20, 2015, 5:30 PM | 2 Comments
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