- Previous Close
93.35 - Open
93.92 - Bid --
- Ask --
- Day's Range
93.68 - 95.73 - 52 Week Range
72.20 - 98.06 - Volume
2,018,317 - Avg. Volume
1,583,991 - Market Cap (intraday)
18.671B - Beta (5Y Monthly) 0.97
- PE Ratio (TTM)
13.20 - EPS (TTM)
7.23 - Earnings Date Oct 15, 2024 - Oct 21, 2024
- Forward Dividend & Yield 2.80 (2.93%)
- Ex-Dividend Date Sep 20, 2024
- 1y Target Est
109.20
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. The company's services include advertising, branding, content marketing, corporate social responsibility consulting, crisis communications, custom publishing, data analytics, database management, digital/direct marketing and post-production, digital transformation consulting, entertainment marketing, experiential marketing, field marketing, sales support, financial/corporate business-to-business advertising, graphic arts/digital imaging, healthcare marketing and communications, and instore design services. Its services also comprise interactive marketing, investor relations, marketing research, media planning and buying, retail media planning and buying, merchandising and point of sale, mobile marketing, multi-cultural marketing, non-profit marketing, organizational communications, package design, product placement, promotional marketing, public affairs, public relations, retail marketing, retail media and e-commerce, search engine marketing, shopper marketing, social media marketing, and sports and event marketing services. It operates in the North and Latin America, Europe, the Middle East and Africa (EMEA), and the Asia Pacific. The company was incorporated in 1944 and is based in New York, New York.
www.omnicomgroup.com75,900
Full Time Employees
December 31
Fiscal Year Ends
Sector
Industry
Recent News: OMC
View MorePerformance Overview: OMC
Trailing total returns as of 7/26/2024, which may include dividends or other distributions. Benchmark is
.YTD Return
1-Year Return
3-Year Return
5-Year Return
Compare To: OMC
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Statistics: OMC
View MoreValuation Measures
Market Cap
18.67B
Enterprise Value
23.02B
Trailing P/E
13.20
Forward P/E
12.00
PEG Ratio (5yr expected)
1.49
Price/Sales (ttm)
1.26
Price/Book (mrq)
5.14
Enterprise Value/Revenue
1.52
Enterprise Value/EBITDA
9.18
Financial Highlights
Profitability and Income Statement
Profit Margin
9.55%
Return on Assets (ttm)
5.41%
Return on Equity (ttm)
35.42%
Revenue (ttm)
15.12B
Net Income Avi to Common (ttm)
1.44B
Diluted EPS (ttm)
7.23
Balance Sheet and Cash Flow
Total Cash (mrq)
2.71B
Total Debt/Equity (mrq)
151.63%
Levered Free Cash Flow (ttm)
1.17B
Research Analysis: OMC
View MoreCompany Insights: OMC
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Research Reports: OMC
View MoreBig Tech earnings start this week, with a broad range of companies reporting.
Big Tech earnings start this week, with a broad range of companies reporting. As well, key inflation data is due as is an update on GDP. Last week, markets were volatile and there was a theme of rotation out of Information Technology and into small caps. The Dow Jones Industrial Average was up 0.7% for the week, the S&P 500 lost 2%, and the Nasdaq fell 3.7%. Year to date, the Dow is higher by 7%, the S&P is up 15%, and the Nasdaq is 18% ahead. On the economic calendar, Friday is the big day, with fresh inflation data. Economists are looking for more evidence that inflation is tracking lower. If it is, that should help build the case for a Fed rate cut. This week, the data comes in the form of the Personal Consumption Expenditures Index (PCE). In May, both PCE and Core PCE came in at 2.6%. We expect both to slow to 2.4% for June. In other economic news, Existing Home Sales data will be reported on Tuesday. On Wednesday, New Home Sales come out. On Thursday, GDP and Durable Goods Orders hit the tape. And on Friday, Personal Income and Personal Spending will be updated. On the earnings calendar, Monday brings news from Verizon. On Tuesday, Alphabet, Tesla, Comcast, Coca-Cola, GE Aerospace, General Motors, Philip Morris, UPS, and Lockheed Martin. On Wednesday, IBM, AT&T, Chipotle, and Ford. On Thursday, Northrop Grumman, American Airlines, Southwest Airlines, Juniper Networks, AstraZeneca, and Union Pacific. And on Friday, 3M, Bristol Myers Squibb, Colgate-Palmolive, and Charter Communications. Earnings are coming in 11.1% higher this quarter than a year ago, but only 14% of S&P 500 companies have reported so far. Expectations are for 8%-12% earnings growth in the second quarter. This follows 8% growth in 1Q and 10% in 4Q23. At Argus, we forecast that full-year 2024 EPS will come in 8%-9% better than last year. Last week, mortgage rates fell 12 basis points to 6.77% for the average 30-year fixed-rate mortgage. Gas prices rose a penny to $3.50 per gallon for the average price of regular gas. The Atlanta Fed GDPNow indicator is forecasting for 2Q and calls for expansion of 2.7%. The Cleveland Fed CPINow indicator forecasts 3.01% for July CPI. The next Fed rate decision is on July 31, with odds at 4% for a cut. Then in mid-September, there is a big jump in odds for a cut, to 98%. That spike follows that recent news that inflation is tracking down and the labor market is showing some weakness. As the probability is so high for a rate cut at the September meeting, the odds have jumped to 60% for a second cut in November. In December 18, odds increase to 94% for that second cut. All of this data is according to the CME FedWatch Tool.
The recent pullback offers a buying opportunity
Based in New York, Omnicom is a leading global advertising, marketing, and corporate communications company. It serves more than 5,000 clients in over 100 countries, and almost half of revenues come from overseas operations. Agency brands include BBDO Worldwide, DDB Worldwide, TBWA Worldwide, integer, and FleishmanHillard. The company has approximately 76,000 employees and is a component of the S&P 500.
RatingPrice TargetThe Argus Min Vol Model Portfolio
Rapidly rising inflation in 2022 knocked stocks into a bear market. While growth strategies suffered the most, value strategies also declined. Even bond prices were lower that year. Stocks have recovered and a new bull market has started, but gains have been largely driven by only a handful of high-tech companies. Inflation remains an issue and the Federal Reserve has yet to lower rates. Is a recession in the offing? With all the uncertainty, what's a potential equity strategy for investors amid all the uncertainty? Argus believes that Min Vol is an all-weather strategy that is timely in any investing climate. Academic literature and, more to the point, returns history, indicate that Min Vol can deliver market-matching returns on an absolute basis and superior returns on a risk-adjusted basis over various time periods.
The Argus Min Vol Model Portfolio
Rapidly rising inflation in 2022 knocked stocks into a bear market. While growth strategies suffered the most, value strategies also declined. Even bond prices were lower that year. Stocks have recovered and a new bull market has started, but gains have been largely driven by only a handful of high-tech companies. Inflation remains an issue and the Federal Reserve has yet to lower rates. Is a recession in the offing? With all the uncertainty, what's a potential equity strategy for investors amid all the uncertainty? Argus believes that Min Vol is an all-weather strategy that is timely in any investing climate. Academic literature and, more to the point, returns history, indicate that Min Vol can deliver market-matching returns on an absolute basis and superior returns on a risk-adjusted basis over various time periods.