FY2024 EPS Estimates for Omnicom Group Inc. (NYSE:OMC) Boosted by Analyst

Omnicom Group Inc. (NYSE:OMC) – Analysts at Zacks Research increased their FY2024 earnings per share estimates for Omnicom Group in a report issued on Tuesday, April 16th. Zacks Research analyst S. Dey now forecasts that the business services provider will post earnings of $7.55 per share for the year, up from their previous estimate of $7.54. 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 Q2 2025 earnings at $2.04 EPS, Q3 2025 earnings at $2.04 EPS, Q4 2025 earnings at $2.30 EPS, FY2025 earnings at $8.14 EPS, Q1 2026 earnings at $2.01 EPS and FY2026 earnings at $8.81 EPS.

Other research analysts have also recently issued research reports about the company. StockNews.com upgraded Omnicom Group from a “hold” rating to a “buy” rating in a research note on Thursday, April 4th. Wells Fargo & Company raised Omnicom Group from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $91.00 to $106.00 in a report on Wednesday. BNP Paribas raised Omnicom Group from a “neutral” rating to an “outperform” rating and set a $115.00 price objective for the company in a report on Thursday, March 28th. Macquarie upped their target price on Omnicom Group from $100.00 to $110.00 and gave the stock an “outperform” rating in a research report on Tuesday, April 2nd. Finally, Barclays increased their price objective 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 research analyst has rated the stock with a sell rating, one has issued a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, Omnicom Group presently has an average rating of “Moderate Buy” and a consensus target price of $104.56.

Omnicom Group Price Performance

Shares of Omnicom Group stock opened at $92.45 on Wednesday. Omnicom Group has a twelve month low of $72.20 and a twelve month high of $99.23. The stock has a market capitalization of $18.23 billion, a P/E ratio of 13.36, a PEG ratio of 2.17 and a beta of 0.97. The company has a current ratio of 0.95, a quick ratio of 0.86 and a debt-to-equity ratio of 1.16. The business’s fifty day moving average price is $91.25 and its 200 day moving average price is $85.14.

Omnicom Group (NYSE:OMC) last released its quarterly earnings results on Tuesday, April 16th. The business services provider reported $1.67 earnings per share for the quarter, topping the consensus estimate of $1.52 by $0.15. The company had revenue of $3.63 billion during the quarter, compared to the consensus estimate of $3.58 billion. Omnicom Group had a return on equity of 39.07% and a net margin of 9.47%.

Institutional Trading of Omnicom Group

A number of institutional investors and hedge funds have recently made changes to their positions in OMC. OFI Invest Asset Management acquired a new position in Omnicom Group in the 3rd quarter valued at approximately $25,000. HHM Wealth Advisors LLC acquired a new position in shares of Omnicom Group during the fourth quarter valued at about $26,000. Frazier Financial Advisors LLC acquired a new position in shares of Omnicom Group during the fourth quarter valued at about $26,000. Pinnacle Bancorp Inc. grew its holdings in shares of Omnicom Group by 61.6% during the fourth quarter. Pinnacle Bancorp Inc. now owns 328 shares of the business services provider’s stock valued at $28,000 after buying an additional 125 shares during the last quarter. Finally, Richardson Financial Services Inc. purchased a new position in Omnicom Group during the fourth quarter worth about $29,000. Institutional investors own 91.97% of the company’s stock.

Insider Buying and Selling at Omnicom Group

In related news, Director Linda Johnson Rice sold 507 shares of the company’s stock in a transaction dated Friday, February 9th. The shares were sold at an average price of $86.66, for a total value of $43,936.62. Following the transaction, the director now owns 9,753 shares in the company, valued at approximately $845,194.98. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Company insiders own 1.30% of the company’s stock.

Omnicom Group Dividend Announcement

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 paid a $0.70 dividend. The ex-dividend date is Friday, March 8th. This represents a $2.80 annualized dividend and a yield of 3.03%. Omnicom Group’s payout ratio is currently 40.46%.

About Omnicom Group

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.