Omnicom Group Inc. (NYSE:OMC – Free Report) – Equities researchers at Zacks Research increased their Q2 2024 EPS estimates for Omnicom Group in a report issued on Tuesday, May 7th. Zacks Research analyst S. Dey now forecasts that the business services provider will earn $1.86 per share for the quarter, up from their prior estimate of $1.85. The consensus estimate for Omnicom Group’s current full-year earnings is $7.81 per share. Zacks Research also issued estimates for Omnicom Group’s Q3 2024 earnings at $1.94 EPS, Q4 2024 earnings at $2.25 EPS, FY2024 earnings at $7.71 EPS, Q1 2025 earnings at $1.78 EPS, Q3 2025 earnings at $2.06 EPS, Q4 2025 earnings at $2.32 EPS, FY2025 earnings at $8.20 EPS, Q1 2026 earnings at $2.03 EPS and FY2026 earnings at $8.83 EPS.
Omnicom Group (NYSE:OMC – Get Free Report) last issued 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 38.23%. The business had revenue of $4.06 billion during the quarter, compared to the consensus estimate of $4 billion. During the same quarter in the prior year, the firm earned $2.09 EPS. The firm’s quarterly revenue was up 5.0% on a year-over-year basis.
Get Our Latest Stock Report on Omnicom Group
Omnicom Group Price Performance
OMC opened at $95.08 on Thursday. The firm has a market capitalization of $18.62 billion, a P/E ratio of 12.85, a PEG ratio of 2.18 and a beta of 0.96. Omnicom Group has a 12-month low of $72.20 and a 12-month high of $99.23. The company has a quick ratio of 0.81, a current ratio of 0.93 and a debt-to-equity ratio of 1.33. The stock has a fifty day moving average of $93.12 and a 200-day moving average of $87.14.
Omnicom Group Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 9th. Stockholders of record on Monday, June 10th will be issued a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 2.94%. The ex-dividend date is Monday, June 10th. Omnicom Group’s payout ratio is presently 37.84%.
Insider Buying and Selling
In other news, Director Linda Johnson Rice sold 507 shares of the 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 completion of the transaction, the director now owns 9,753 shares in the company, valued at approximately $845,194.98. The sale was disclosed in a filing with the SEC, which is available at this link. 1.30% of the stock is owned by company insiders.
Hedge Funds Weigh In On Omnicom Group
A number of hedge funds have recently modified their holdings of OMC. HHM Wealth Advisors LLC bought a new stake in Omnicom Group in the fourth quarter valued at $26,000. Frazier Financial Advisors LLC acquired a new stake in Omnicom Group during the 4th quarter valued at $26,000. Pinnacle Bancorp Inc. raised its position in Omnicom Group by 61.6% in the 4th 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. Richardson Financial Services Inc. acquired a new position in Omnicom Group in the fourth quarter worth $29,000. Finally, OFI Invest Asset Management bought a new stake in shares of Omnicom Group during the third quarter worth $25,000. 91.97% of the stock is owned by institutional investors and hedge funds.
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.
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