Q1 2024 EPS Estimates for Omnicom Group Inc. Boosted by Analyst (NYSE:OMC)

Omnicom Group Inc. (NYSE:OMC) – Stock analysts at Zacks Research upped their Q1 2024 earnings estimates for shares of Omnicom Group in a note issued to investors on Tuesday, April 16th. Zacks Research analyst S. Dey now anticipates that the business services provider will post earnings of $1.53 per share for the quarter, up from their prior forecast of $1.52. The consensus estimate for Omnicom Group’s current full-year earnings is $7.73 per share. Zacks Research also issued estimates for Omnicom Group’s Q1 2025 earnings at $1.77 EPS.

Several other research analysts also recently weighed in on OMC. Macquarie lifted their target price on shares of Omnicom Group from $100.00 to $110.00 and gave the stock an “outperform” rating in a research report on Tuesday, April 2nd. StockNews.com raised shares of Omnicom Group from a “hold” rating to a “buy” rating in a research report on Thursday. Moffett Nathanson lifted their target price on shares of Omnicom Group from $89.00 to $93.00 and gave the stock a “neutral” rating in a research report on Wednesday. UBS Group initiated coverage on shares of Omnicom Group in a research report on Thursday, January 11th. They set a “buy” rating and a $117.00 price objective on the stock. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Omnicom Group from $104.00 to $108.00 and gave the company an “overweight” rating in a research report on Wednesday. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $103.40.

Omnicom Group Stock Performance

Omnicom Group stock opened at $91.48 on Thursday. The firm’s 50 day simple moving average is $91.35 and its 200-day simple moving average is $85.18. The company has a market cap of $18.04 billion, a P/E ratio of 12.36, a price-to-earnings-growth ratio of 2.18 and a beta of 0.97. The company has a debt-to-equity ratio of 1.16, a current ratio of 0.95 and a quick ratio of 0.86. Omnicom Group has a fifty-two week low of $72.20 and a fifty-two week high of $99.23.

Omnicom Group (NYSE:OMC) last released its earnings results on Monday, February 5th. The business services provider reported $2.20 earnings per share for the quarter, topping the consensus estimate of $2.16 by $0.04. The business had revenue of $4.06 billion for the quarter, compared to the consensus estimate of $4 billion. Omnicom Group had a net margin of 9.96% and a return on equity of 38.83%. The firm’s quarterly revenue was up 5.0% compared to the same quarter last year. During the same period last year, the firm posted $2.09 earnings per share.

Institutional Trading of Omnicom Group

A number of institutional investors and hedge funds have recently modified their holdings of the company. OFI Invest Asset Management acquired a new position in Omnicom Group during the 3rd quarter valued at $25,000. HHM Wealth Advisors LLC acquired a new position in Omnicom Group during the 4th quarter valued at $26,000. Frazier Financial Advisors LLC acquired a new position in Omnicom Group during the 4th quarter valued at $26,000. Pinnacle Bancorp Inc. raised its stake in Omnicom Group by 61.6% during the 4th quarter. Pinnacle Bancorp Inc. now owns 328 shares of the business services provider’s stock valued at $28,000 after purchasing an additional 125 shares during the last quarter. Finally, Richardson Financial Services Inc. acquired a new position in Omnicom Group during the 4th quarter valued at $29,000. 91.97% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Omnicom Group news, Director Linda Johnson Rice sold 507 shares of the business’s stock in a transaction that occurred on Friday, February 9th. The shares were sold at an average price of $86.66, for a total value of $43,936.62. Following the completion of the sale, the director now directly owns 9,753 shares of the company’s stock, valued at $845,194.98. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.30% of the company’s stock.

Omnicom Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 9th. Shareholders of record on Monday, March 11th will be given a $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 3.06%. The ex-dividend date of this dividend is Friday, March 8th. Omnicom Group’s dividend payout ratio is 37.84%.

Omnicom Group Company Profile

Omnicom Group Inc, together with its subsidiaries, offers advertising, marketing, and corporate communications services. It provides a range of services in the areas of advertising and media, precision marketing, commerce and branding, experiential, execution and support, public relations, and healthcare.