Omnicom Kicks Off 2019 With Strong Organic Growth in 1Q; Maintaining $85 FVE
Omnicom reported impressive organic revenue growth along with year-over-year operating margin expansion, which led to better-than-expected bottom-line results. Strengths in the U.S. and Europe during the quarter were encouraging. Management maintained its 2019 top- and bottom-line guidance. We made slight adjustments to our projections and are maintaining our fair value estimate of $85 per share. The stock of this narrow-moat name is up nearly 5% and is approaching our fair value estimate and 3-...Omnicom Group is a holding company, engaged in providing advertising, marketing and corporate communications services. The company's networks and agencies provide a range of services in the following fundamental disciplines: advertising, customer relationship management, public relations and healthcare. The company's Service offerings include, among others, advertising, branding, content marketing, corporate social responsibility consulting, crisis communications, custom publishing, data analytics, database management, digital/direct marketing, digital transformation, entertainment marketing, experiential marketing, field marketing, financial/corporate business-to-business advertising, and imaging.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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