Omnicom Reports Better-Than-Expected 3Q Results; Maintaining $85 FVE; Shares Undervalued
Omnicom reported strong third quarter numbers with the top and bottom lines coming in slightly ahead of our projections and consensus. Those results displayed a turnaround in organic growth, especially in the large and all-important U.S. market. Management maintained its full-year organic revenue growth outlook. Brand equity, which we continue to view as an economic moat source for this narrow-moat company, helped Omnicom win some large and well-known accounts, which also bodes well for its orga...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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