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

Omnicom Group Inc. (NYSE:OMC) – Equities researchers at Zacks Research increased their Q1 2024 earnings per share estimates for Omnicom Group in a research report issued 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 estimate 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.

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

OMC has been the topic of several other research reports. StockNews.com raised Omnicom Group from a “hold” rating to a “buy” rating in a research report on Thursday. UBS Group assumed coverage on Omnicom Group in a research report on Thursday, January 11th. They issued a “buy” rating and a $117.00 price objective on the stock. JPMorgan Chase & Co. boosted their price objective on Omnicom Group from $104.00 to $108.00 and gave the stock an “overweight” rating in a research report on Wednesday. Wells Fargo & Company raised Omnicom Group from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $91.00 to $106.00 in a research report on Wednesday. Finally, Barclays upped their price target on Omnicom Group from $95.00 to $100.00 and gave the company an “equal weight” rating in a research report on Monday, January 29th. One analyst has rated the stock with a sell rating, two have issued a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat.com, Omnicom Group has an average rating of “Moderate Buy” and an average target price of $103.40.

Omnicom Group Stock Down 1.1 %

Shares of NYSE:OMC opened at $91.48 on Thursday. The stock has a market cap of $18.04 billion, a price-to-earnings ratio of 12.36, a PEG ratio of 2.18 and a beta of 0.97. The company has a quick ratio of 0.86, a current ratio of 0.95 and a debt-to-equity ratio of 1.16. Omnicom Group has a 12-month low of $72.20 and a 12-month high of $99.23. The business’s 50 day moving average is $91.35 and its 200 day moving average is $85.18.

Omnicom Group Announces Dividend

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

Insider Transactions at Omnicom Group

In other news, Director Linda Johnson Rice sold 507 shares of the company’s stock in a transaction dated Friday, February 9th. The stock was sold at an average price of $86.66, for a total value of $43,936.62. Following the completion of the transaction, the director now directly owns 9,753 shares in the company, valued at approximately $845,194.98. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 1.30% of the company’s stock.

Institutional Investors Weigh In On Omnicom Group

Several institutional investors and hedge funds have recently bought and sold shares of the business. Pathstone Family Office LLC raised its position in shares of Omnicom Group by 0.8% in the 4th quarter. Pathstone Family Office LLC now owns 13,144 shares of the business services provider’s stock worth $1,084,000 after acquiring an additional 108 shares in the last quarter. Greenleaf Trust raised its position in shares of Omnicom Group by 0.5% in the 4th quarter. Greenleaf Trust now owns 22,329 shares of the business services provider’s stock worth $1,932,000 after acquiring an additional 119 shares in the last quarter. Cambridge Trust Co. raised its position in shares of Omnicom Group by 4.2% in the 4th quarter. Cambridge Trust Co. now owns 2,981 shares of the business services provider’s stock worth $258,000 after acquiring an additional 121 shares in the last quarter. Great Valley Advisor Group Inc. raised its position in shares of Omnicom Group by 2.6% in the 4th quarter. Great Valley Advisor Group Inc. now owns 4,955 shares of the business services provider’s stock worth $428,000 after acquiring an additional 124 shares in the last quarter. Finally, Pinnacle Bancorp Inc. raised its position in shares of Omnicom Group by 61.6% in the 4th quarter. Pinnacle Bancorp Inc. now owns 328 shares of the business services provider’s stock worth $28,000 after acquiring an additional 125 shares in the last quarter. Hedge funds and other institutional investors own 91.97% of the company’s stock.

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.