Omnicom Reports In-Line Second Quarter as Organic Growth Tracks With Expectations
Omnicom reported another in-line quarter as it continues to meet expectations in 2016 despite ongoing foreign-exchange headwinds, which will be prolonged as a result of Brexit. The company reported organic growth of 3.4% in the second quarter, within the target of 3.0% to 3.5% for the full year. The company remains on pace to meet our full-year projections. There is no change to our narrow moat rating or fair value estimate of $77. With shares trading above our fair value estimate, we would seek...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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