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

Omnicom Group Inc. (NYSE:OMC) – Zacks Research increased their Q1 2024 earnings per share estimates for Omnicom Group in a research report issued on Tuesday, April 16th. Zacks Research analyst S. Dey now expects that the business services provider will post earnings per share of $1.53 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 posted its quarterly earnings data on Monday, February 5th. The business services provider reported $2.20 earnings per share for the quarter, topping 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 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 company posted $2.09 earnings per share. The company’s quarterly revenue was up 5.0% compared to the same quarter last year.

Other analysts have also recently issued reports about the stock. Moffett Nathanson raised their target price on shares of Omnicom Group from $89.00 to $93.00 and gave the stock a “neutral” rating in a report on Wednesday. Macquarie increased their price objective on Omnicom Group from $100.00 to $110.00 and gave the stock an “outperform” rating in a report on Tuesday, April 2nd. JPMorgan Chase & Co. boosted their price target on Omnicom Group from $104.00 to $108.00 and gave the stock an “overweight” rating in a research report on Wednesday. BNP Paribas raised Omnicom Group from a “neutral” rating to an “outperform” rating and set a $115.00 target price for the company in a research report on Thursday, March 28th. Finally, Wells Fargo & Company raised Omnicom Group from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $91.00 to $106.00 in a research report on Wednesday. One investment analyst has rated the stock with a sell rating, two have given a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $103.40.

Omnicom Group Trading Up 1.2 %

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

Omnicom Group Announces Dividend

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

Insider Buying and Selling at Omnicom Group

In other Omnicom Group news, Director Linda Johnson Rice sold 507 shares of the business’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 directly owns 9,753 shares in the company, valued at $845,194.98. The transaction was disclosed in a document filed with the SEC, which is available through this link. Company insiders own 1.30% of the company’s stock.

Hedge Funds Weigh In On Omnicom Group

Several large investors have recently bought and sold shares of OMC. First Trust Advisors LP lifted its holdings in Omnicom Group by 683.2% in the first quarter. First Trust Advisors LP now owns 2,957,307 shares of the business services provider’s stock valued at $251,016,000 after buying an additional 2,579,717 shares during the period. Lazard Asset Management LLC increased its stake in Omnicom Group by 98.3% in the third quarter. Lazard Asset Management LLC now owns 3,032,265 shares of the business services provider’s stock valued at $225,842,000 after purchasing an additional 1,503,249 shares in the last quarter. Balyasny Asset Management L.P. bought a new stake in Omnicom Group in the fourth quarter valued at approximately $93,634,000. Price T Rowe Associates Inc. MD increased its stake in Omnicom Group by 81.0% in the first quarter. Price T Rowe Associates Inc. MD now owns 1,527,561 shares of the business services provider’s stock valued at $144,111,000 after purchasing an additional 683,810 shares in the last quarter. Finally, Boston Partners increased its position in shares of Omnicom Group by 21.7% during the third quarter. Boston Partners now owns 3,727,701 shares of the business services provider’s stock worth $277,726,000 after acquiring an additional 664,800 shares in the last quarter. 91.97% of the stock is currently 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.