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

Omnicom Group Inc. (NYSE:OMC) – Equities researchers at Zacks Research increased their Q1 2024 EPS estimates for 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 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.

A number of other research analysts have also recently weighed in on OMC. UBS Group began coverage on shares of Omnicom Group in a research report on Thursday, January 11th. They set a “buy” rating and a $117.00 price target on the stock. BNP Paribas raised shares of Omnicom Group from a “neutral” rating to an “outperform” rating and set a $115.00 target price on the stock in a research report on Thursday, March 28th. Barclays boosted 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 report on Monday, January 29th. Macquarie boosted 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. Finally, StockNews.com raised shares of Omnicom Group from a “hold” rating to a “buy” rating in a research report on Thursday. One research analyst has rated the stock with a sell rating, one has issued a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat, Omnicom Group has a consensus rating of “Moderate Buy” and a consensus price target of $104.56.

Omnicom Group Trading Up 1.6 %

Shares of OMC stock opened at $92.45 on Thursday. The stock has a market cap of $18.23 billion, a price-to-earnings ratio of 13.36, a price-to-earnings-growth ratio of 2.17 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 fifty-two week low of $72.20 and a fifty-two week high of $99.23. The firm’s 50 day moving average price is $91.25 and its two-hundred day moving average price is $85.14.

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

Institutional Trading of Omnicom Group

Institutional investors have recently added to or reduced their stakes in the stock. HHM Wealth Advisors LLC bought a new stake in Omnicom Group during the fourth quarter valued at $26,000. Frazier Financial Advisors LLC bought a new stake in Omnicom Group during the fourth quarter valued at $26,000. Carolinas Wealth Consulting LLC increased its stake in Omnicom Group by 1,805.9% during the first quarter. Carolinas Wealth Consulting LLC now owns 324 shares of the business services provider’s stock valued at $31,000 after purchasing an additional 307 shares during the last quarter. Pinnacle Bancorp Inc. increased its stake in 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 purchasing an additional 125 shares during the last quarter. Finally, KB Financial Partners LLC increased its stake in Omnicom Group by 1,326.1% during the second quarter. KB Financial Partners LLC now owns 328 shares of the business services provider’s stock valued at $31,000 after purchasing an additional 305 shares during the last quarter. 91.97% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Omnicom Group

In related news, Director Linda Johnson Rice sold 507 shares of the company’s stock in a transaction 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 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 filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.30% of the stock is currently owned by corporate insiders.

Omnicom Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 9th. Investors of record on Monday, March 11th will be issued 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 dividend payout ratio is presently 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.