Equities Analysts Offer Predictions for Omnicom Group Inc.’s Q3 2024 Earnings (NYSE:OMC)

Omnicom Group Inc. (NYSE:OMC) – Zacks Research raised their Q3 2024 earnings per share (EPS) estimates for Omnicom Group in a research note issued to investors on Tuesday, August 6th. Zacks Research analyst S. Dey now anticipates that the business services provider will post earnings per share of $1.95 for the quarter, up from their prior forecast of $1.94. The consensus estimate for Omnicom Group’s current full-year earnings is $7.92 per share. Zacks Research also issued estimates for Omnicom Group’s Q4 2024 earnings at $2.28 EPS, FY2024 earnings at $7.85 EPS, Q4 2025 earnings at $2.37 EPS, FY2025 earnings at $8.25 EPS, Q1 2026 earnings at $2.09 EPS and FY2026 earnings at $8.97 EPS.

Several other equities analysts have also recently weighed in on the company. Barclays upgraded Omnicom Group from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $100.00 to $110.00 in a research report on Tuesday, May 7th. StockNews.com upgraded Omnicom Group from a “hold” rating to a “buy” rating in a research report on Thursday, April 18th. JPMorgan Chase & Co. lifted their price target on Omnicom Group from $104.00 to $108.00 and gave the company an “overweight” rating in a research report on Wednesday, April 17th. Macquarie reiterated an “outperform” rating and issued a $110.00 price target on shares of Omnicom Group in a research report on Wednesday, July 17th. Finally, Moffett Nathanson lifted their price target on Omnicom Group from $89.00 to $93.00 and gave the company a “neutral” rating in a research report on Wednesday, April 17th. One research analyst has rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $104.70.

Omnicom Group Price Performance

Shares of NYSE OMC opened at $93.58 on Wednesday. The stock has a market cap of $18.33 billion, a PE ratio of 12.65, a price-to-earnings-growth ratio of 2.24 and a beta of 0.95. Omnicom Group has a fifty-two week low of $72.20 and a fifty-two week high of $98.71. The company has a debt-to-equity ratio of 1.31, a quick ratio of 0.81 and a current ratio of 0.93. The stock has a fifty day moving average of $91.34 and a 200-day moving average of $91.86.

Omnicom Group (NYSE:OMC) last released its earnings results on Tuesday, July 16th. The business services provider reported $1.95 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.88 by $0.07. Omnicom Group had a return on equity of 37.51% and a net margin of 9.55%. The business had revenue of $3.85 billion during the quarter, compared to the consensus estimate of $3.83 billion. During the same period last year, the business posted $1.81 earnings per share. The business’s revenue for the quarter was up 6.8% on a year-over-year basis.

Institutional Investors Weigh In On Omnicom Group

Several hedge funds have recently added to or reduced their stakes in the company. Beutel Goodman & Co Ltd. lifted its stake in Omnicom Group by 1.0% during the fourth quarter. Beutel Goodman & Co Ltd. now owns 4,197,767 shares of the business services provider’s stock worth $363,148,000 after purchasing an additional 42,075 shares during the last quarter. Boston Partners lifted its stake in shares of Omnicom Group by 11.0% in the 1st quarter. Boston Partners now owns 3,874,857 shares of the business services provider’s stock valued at $374,795,000 after acquiring an additional 383,560 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in shares of Omnicom Group by 37.0% in the 2nd quarter. Bank of New York Mellon Corp now owns 3,307,882 shares of the business services provider’s stock valued at $296,717,000 after acquiring an additional 892,494 shares during the last quarter. Lazard Asset Management LLC lifted its stake in shares of Omnicom Group by 6.3% in the 1st quarter. Lazard Asset Management LLC now owns 2,787,675 shares of the business services provider’s stock valued at $269,734,000 after acquiring an additional 165,136 shares during the last quarter. Finally, First Trust Advisors LP lifted its stake in shares of Omnicom Group by 7.7% in the 4th quarter. First Trust Advisors LP now owns 2,598,915 shares of the business services provider’s stock valued at $224,832,000 after acquiring an additional 186,562 shares during the last quarter. Institutional investors own 91.97% of the company’s stock.

Insiders Place Their Bets

In other Omnicom Group news, Director Linda Johnson Rice sold 488 shares of Omnicom Group stock in a transaction dated Friday, July 19th. The stock was sold at an average price of $90.88, for a total transaction of $44,349.44. Following the completion of the sale, the director now owns 10,356 shares of the company’s stock, valued at $941,153.28. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 1.30% of the company’s stock.

Omnicom Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, October 11th. Shareholders of record on Friday, September 20th will be paid a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 2.99%. The ex-dividend date of this dividend is Friday, September 20th. Omnicom Group’s dividend payout ratio (DPR) is currently 37.84%.

Omnicom Group Company Profile

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.