FY2024 EPS Estimates for Omnicom Group Inc. (NYSE:OMC) Lifted by Zacks Research

Omnicom Group Inc. (NYSE:OMC) – Equities researchers at Zacks Research lifted their FY2024 earnings per share estimates for shares of Omnicom Group in a note issued to investors on Tuesday, April 16th. Zacks Research analyst S. Dey now anticipates that the business services provider will earn $7.55 per share for the year, up from their prior forecast 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.

Omnicom Group (NYSE:OMC) last released its quarterly earnings results on Monday, February 5th. The business services provider reported $2.20 earnings per share for the quarter, topping analysts’ consensus estimates of $2.16 by $0.04. The business had revenue of $4.06 billion for the quarter, compared to analysts’ expectations of $4 billion. Omnicom Group had a return on equity of 38.83% and a net margin of 9.96%. The company’s revenue was up 5.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.09 EPS.

OMC has been the topic of a number of other research reports. JPMorgan Chase & Co. upped their price target on Omnicom Group from $104.00 to $108.00 and gave the stock an “overweight” rating in a report on Wednesday. BNP Paribas upgraded Omnicom Group from a “neutral” rating to an “outperform” rating and set a $115.00 price target on the stock in a report on Thursday, March 28th. Wells Fargo & Company upgraded Omnicom Group from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $91.00 to $106.00 in a report on Wednesday. StockNews.com upgraded Omnicom Group from a “hold” rating to a “buy” rating in a report on Thursday. Finally, UBS Group started coverage on Omnicom Group in a report on Thursday, January 11th. They set a “buy” rating and a $117.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and eight have assigned 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 $103.40.

Omnicom Group Stock Performance

OMC opened at $91.48 on Wednesday. The stock has a market cap of $18.04 billion, a P/E ratio of 12.36, a P/E/G ratio of 2.18 and a beta of 0.97. 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 stock’s 50 day simple moving average is $91.35 and its 200 day simple moving average is $85.18. Omnicom Group has a 1-year low of $72.20 and a 1-year high of $99.23.

Omnicom Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 9th. Stockholders of record on Monday, March 11th will be issued a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 3.06%. The ex-dividend date of this dividend is Friday, March 8th. Omnicom Group’s dividend payout ratio (DPR) is 37.84%.

Insider Transactions at Omnicom Group

In other news, Director Linda Johnson Rice sold 507 shares of the firm’s stock in a transaction on Friday, February 9th. The stock was sold at an average price of $86.66, for a total transaction of $43,936.62. Following the sale, the director now owns 9,753 shares in the company, valued at $845,194.98. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 1.30% of the company’s stock.

Institutional Investors Weigh In On Omnicom Group

Several hedge funds have recently made changes to their positions in OMC. First Trust Advisors LP boosted its holdings in shares of Omnicom Group by 683.2% during the first quarter. First Trust Advisors LP now owns 2,957,307 shares of the business services provider’s stock worth $251,016,000 after purchasing an additional 2,579,717 shares during the last quarter. Lazard Asset Management LLC raised its position in shares of Omnicom Group by 98.3% in the 3rd quarter. Lazard Asset Management LLC now owns 3,032,265 shares of the business services provider’s stock worth $225,842,000 after buying an additional 1,503,249 shares during the period. Balyasny Asset Management L.P. purchased a new position in shares of Omnicom Group in the 4th quarter worth $93,634,000. Price T Rowe Associates Inc. MD raised its position in shares of Omnicom Group by 81.0% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 1,527,561 shares of the business services provider’s stock worth $144,111,000 after buying an additional 683,810 shares during the period. Finally, Boston Partners raised its position in shares of Omnicom Group by 21.7% in the 3rd quarter. Boston Partners now owns 3,727,701 shares of the business services provider’s stock worth $277,726,000 after buying an additional 664,800 shares during the period. Institutional investors and hedge funds own 91.97% of the company’s stock.

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.