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

Omnicom Group Inc. (NYSE:OMC) – Equities research analysts at Zacks Research lifted their Q1 2024 EPS estimates for Omnicom Group in a research note issued to investors on Tuesday, April 16th. Zacks Research analyst S. Dey now forecasts 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 issued its earnings results on Tuesday, April 16th. The business services provider reported $1.67 EPS for the quarter, topping analysts’ consensus estimates of $1.52 by $0.15. Omnicom Group had a net margin of 9.47% and a return on equity of 39.07%. The company had revenue of $3.63 billion for the quarter, compared to the consensus estimate of $3.58 billion.

A number of other equities analysts also recently commented 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 note on Tuesday, April 2nd. Wells Fargo & Company raised shares of Omnicom Group from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $91.00 to $106.00 in a research note on Wednesday. Barclays lifted their target price on shares of Omnicom Group from $95.00 to $100.00 and gave the stock an “equal weight” rating in a research note on Monday, January 29th. BNP Paribas raised shares of Omnicom Group from a “neutral” rating to an “outperform” rating and set a $115.00 price target on the stock in a research note on Thursday, March 28th. Finally, JPMorgan Chase & Co. boosted their price target on shares of Omnicom Group from $104.00 to $108.00 and gave the company an “overweight” rating in a research note on Wednesday. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $104.56.

Omnicom Group Price Performance

Shares of OMC stock opened at $92.45 on Thursday. The company has a debt-to-equity ratio of 1.16, a current ratio of 0.95 and a quick ratio of 0.86. The firm’s 50-day moving average is $91.25 and its two-hundred day moving average is $85.14. Omnicom Group has a 12 month low of $72.20 and a 12 month high of $99.23. The company has a market capitalization of $18.23 billion, a PE ratio of 13.36, a price-to-earnings-growth ratio of 2.17 and a beta of 0.97.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Aviva PLC grew its holdings in Omnicom Group by 406.1% during the 3rd quarter. Aviva PLC now owns 126,306 shares of the business services provider’s stock worth $9,407,000 after acquiring an additional 101,348 shares in the last quarter. NBC Securities Inc. acquired a new position in Omnicom Group during the 3rd quarter worth approximately $200,000. Raymond James & Associates grew its holdings in Omnicom Group by 3.3% during the 4th quarter. Raymond James & Associates now owns 433,144 shares of the business services provider’s stock worth $37,471,000 after acquiring an additional 13,709 shares in the last quarter. Arvest Investments Inc. acquired a new position in Omnicom Group during the 4th quarter worth approximately $1,969,000. Finally, Sequoia Financial Advisors LLC grew its holdings in Omnicom Group by 1,627.9% during the 4th quarter. Sequoia Financial Advisors LLC now owns 66,488 shares of the business services provider’s stock worth $5,752,000 after acquiring an additional 62,640 shares in the last quarter. Institutional investors and hedge funds own 91.97% of the company’s stock.

Insider Buying and Selling

In related news, Director Linda Johnson Rice sold 507 shares of the company’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 transaction of $43,936.62. Following the sale, the director now directly owns 9,753 shares of the company’s stock, valued at approximately $845,194.98. The sale was disclosed in a legal filing with the SEC, which is available through this link. 1.30% of the stock is owned by insiders.

Omnicom Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 9th. Investors of record on Monday, March 11th will be paid a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 3.03%. The ex-dividend date is Friday, March 8th. Omnicom Group’s payout ratio is currently 40.46%.

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.