Omnicom Group Inc. Expected to Earn Q1 2024 Earnings of $1.53 Per Share (NYSE:OMC)

Omnicom Group Inc. (NYSE:OMC) – Analysts at Zacks Research raised their Q1 2024 earnings per share (EPS) estimates for shares of Omnicom Group in a note issued to investors on Tuesday, April 16th. Zacks Research analyst S. Dey now expects 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 results 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. Omnicom Group had a net margin of 9.96% and a return on equity of 38.83%. The firm had revenue of $4.06 billion during the quarter, compared to analyst estimates of $4 billion. During the same quarter in the prior year, the firm earned $2.09 EPS. The business’s revenue for the quarter was up 5.0% compared to the same quarter last year.

Several other research firms also recently weighed in on OMC. JPMorgan Chase & Co. upped their price target on Omnicom Group from $104.00 to $108.00 and gave the stock an “overweight” rating in a research note on Wednesday. Barclays increased their target price 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. StockNews.com upgraded Omnicom Group from a “hold” rating to a “buy” rating in a research report on Thursday. Moffett Nathanson increased their price target on Omnicom Group from $89.00 to $93.00 and gave the company a “neutral” rating in a report on Wednesday. Finally, UBS Group initiated coverage on Omnicom Group in a report on Thursday, January 11th. They set a “buy” rating and a $117.00 price target on the stock. One analyst has rated the stock with a sell rating, two have issued a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $103.40.

Omnicom Group Trading Up 1.2 %

Omnicom Group stock opened at $92.62 on Thursday. The firm has a 50 day moving average of $91.51 and a 200 day moving average of $85.32. The firm has a market capitalization of $18.26 billion, a price-to-earnings ratio of 12.52, a P/E/G ratio of 2.21 and a beta of 0.97. Omnicom Group has a 12-month low of $72.20 and a 12-month high of $99.23. The company has a current ratio of 0.95, a quick ratio of 0.86 and a debt-to-equity ratio of 1.16.

Omnicom Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 9th. Shareholders of record on Monday, March 11th will be issued a $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 3.02%. The ex-dividend date of this dividend is Friday, March 8th. Omnicom Group’s dividend payout ratio is presently 37.84%.

Insiders Place Their Bets

In other Omnicom Group news, Director Linda Johnson Rice sold 507 shares of the firm’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 sale, the director now owns 9,753 shares of the company’s stock, valued at $845,194.98. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Corporate insiders own 1.30% of the company’s stock.

Institutional Investors Weigh In On Omnicom Group

A number of institutional investors and hedge funds have recently modified their holdings of the company. Charles Schwab Investment Management Inc. lifted its holdings in shares of Omnicom Group by 5.1% during the first quarter. Charles Schwab Investment Management Inc. now owns 7,434,922 shares of the business services provider’s stock worth $631,076,000 after purchasing an additional 362,985 shares during the period. Massachusetts Financial Services Co. MA raised its position in Omnicom Group by 8.6% during the third quarter. Massachusetts Financial Services Co. MA now owns 4,745,400 shares of the business services provider’s stock valued at $353,437,000 after acquiring an additional 374,874 shares in the last quarter. Beutel Goodman & Co Ltd. raised its position in Omnicom Group by 1.0% during the fourth quarter. Beutel Goodman & Co Ltd. now owns 4,197,767 shares of the business services provider’s stock valued at $363,148,000 after acquiring an additional 42,075 shares in the last quarter. Boston Partners raised its position in Omnicom Group by 21.7% during the third quarter. Boston Partners now owns 3,727,701 shares of the business services provider’s stock valued at $277,726,000 after acquiring an additional 664,800 shares in the last quarter. Finally, Invesco Ltd. raised its position in Omnicom Group by 0.7% during the first quarter. Invesco Ltd. now owns 3,067,410 shares of the business services provider’s stock valued at $260,361,000 after acquiring an additional 20,584 shares in the last quarter. Institutional investors and hedge funds 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.