Omnicom Group Stock (NYSE:OMC), Trade Ideas

Omnicom Group

Omnicom is a holding company that owns several advertising agencies and related firms. It provides traditional and digital advertising services that include creative design, market research, data analytics, and ad placement. In addition, Omnicom provides outsourced public relations and other communications services. The firm operates globally, providing services in more than 70 countries; it generates more than one half of its revenue in North America and nearly 30% in Europe.

Earnings

Equities

Large Cap

News

Movers

Omnicom Group reported 5.4% revenue growth, with organic growth of 4.0%. Adjusted EPS beat expectations. 

Why Media Company Omnicom Shares Are Trading Higher Premarket Today

bulls ai2

Long Ideas

Sector ETFs

Trading Ideas

ETFs

FANG

NFLX

TRGP

First quarter of 2024 saw S&amp;P 500 index surge by 9.94%, with energy and communication services sectors leading the pack. Top-performing stocks include MPC, VLO, TRGP, FANG, PSX, and META.

S&amp;P 500&#39;s Q1 Standouts: Energy, Communication Sectors In The Lead — 10 Top-Performing Stocks

Dividends

Price Target

Small Cap

Pre-Market Outlook

Markets

Analyst Ratings

SBGI

TGNA

During times of turbulence and uncertainty in the markets, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a  high dividend payout. 

Wall Street&#39;s Most Accurate Analysts Say Hold These 3 Tech And Telecom Stocks Delivering High-Dividend Yields

Omnicom Group Inc

Omnicell Inc

5 analysts have shared their evaluations of Omnicom Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OMC#NYSE">OMC</a>) during the recent three months, expressing a mix of bullish and bearish perspectives.
The following table provides a quick overview of their recent ratings, highlighting the changing sentiments over the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
Analysts have set 12-month price targets for Omnicom Group, revealing an average target of $104.0, a high estimate of $115.00, and a low estimate of $91.00. Surpassing the previous average price target of $93.75, the current average has increased by 10.93%.
<img src="https://www.benzinga.com/files/images/story/2024/1713380451_0.png" alt="price target chart" />
<h2>Decoding Analyst Ratings: A Detailed Look</h2>
A comprehensive examination of how financial experts perceive Omnicom Group is derived from recent analyst actions. The following is a detailed summary of key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>David Karnovsky</td>
<td>JP Morgan</td>
<td>Raises</td>
<td>Overweight</td>
<td>$108.00</td>
<td>$104.00</td>
</tr>
<tr>
<td>Steven Cahall</td>
<td>Wells Fargo</td>
<td>Raises</td>
<td>Overweight</td>
<td>$106.00</td>
<td>$91.00</td>
</tr>
<tr>
<td>Lina Ghayor</td>
<td>Exane BNP Paribas</td>
<td>Announces</td>
<td>Outperform</td>
<td>$115.00</td>
<td>-</td>
</tr>
<tr>
<td>Steven Cahall</td>
<td>Wells Fargo</td>
<td>Raises</td>
<td>Equal-Weight</td>
<td>$91.00</td>
<td>$85.00</td>
</tr>
<tr>
<td>Julien Roch</td>
<td>Barclays</td>
<td>Raises</td>
<td>Equal-Weight</td>
<td>$100.00</td>
<td>$95.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: In response to dynamic market conditions and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their reaction to recent developments related to Omnicom Group. This insight gives a snapshot of analysts' perspectives on the current state of the company.</li>
<li>Rating: Delving into assessments, analysts assign qualitative values, from 'Outperform' to 'Underperform'. These ratings communicate expectations for the relative performance of Omnicom Group compared to the broader market.</li>
<li>Price Targets: Analysts explore the dynamics of price targets, providing estimates for the future value of Omnicom Group's stock. This examination reveals shifts in analysts' expectations over time.</li>
</ul>
Understanding these analyst evaluations alongside key financial indicators can offer valuable insights into Omnicom Group's market standing. Stay informed and make well-considered decisions with our Ratings Table.
<a href="https://www.benzinga.com/quote/OMC/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Omnicom Group analyst ratings.</a>
<h2>All You Need to Know About Omnicom Group</h2>
Omnicom is a holding company that owns several advertising agencies and related firms. It provides traditional and digital advertising services that include creative design, market research, data analytics, and ad placement. In addition, Omnicom provides outsourced public relations and other communications services. The firm operates globally, providing services in more than 70 countries; it generates more than one half of its revenue in North America and nearly 30% in Europe.
<h3>A Deep Dive into Omnicom Group's Financials</h3>
Market Capitalization Analysis: With an elevated market capitalization, the company stands out above industry averages, showcasing substantial size and market acknowledgment.
Positive Revenue Trend: Examining Omnicom Group's financials over 3 months reveals a positive narrative. The company achieved a noteworthy revenue growth rate of 4.98% as of 31 December, 2023, showcasing a substantial increase in top-line earnings. In comparison to its industry peers, the company trails behind with a growth rate lower than the average among peers in the Communication Services sector.
Net Margin: Omnicom Group's financial strength is reflected in its exceptional net margin, which exceeds industry averages. With a remarkable net margin of 8.31%, the company showcases strong profitability and effective cost management.
Return on Equity (ROE): Omnicom Group's financial strength is reflected in its exceptional ROE, which exceeds industry averages. With a remarkable ROE of 9.86%, the company showcases efficient use of equity capital and strong financial health.
Return on Assets (ROA): Omnicom Group's financial strength is reflected in its exceptional ROA, which exceeds industry averages. With a remarkable ROA of 1.27%, the company showcases efficient use of assets and strong financial health.
Debt Management: Omnicom Group's debt-to-equity ratio surpasses industry norms, standing at 1.8. This suggests the company carries a substantial amount of debt, posing potential financial challenges.
<h2>Analyst Ratings: What Are They?</h2>
Analysts are specialists within banking and financial systems that typically report for specific stocks or within defined sectors. These people research company financial statements, sit in conference calls and meetings, and speak with relevant insiders to determine what are known as analyst ratings for stocks. Typically, analysts will rate each stock once a quarter. 
Analysts may supplement their ratings with predictions for metrics like growth estimates, earnings, and revenue, offering investors a more comprehensive outlook. However, investors should be mindful that analysts, like any human, can have subjective perspectives influencing their forecasts.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Analyst Ratings For Omnicom Group

JP Morgan analyst David Karnovsky maintains Omnicom Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OMC#NYSE">OMC</a>) with a Overweight and raises the price target from $104 to $108.

JP Morgan Maintains Overweight on Omnicom Group, Raises Price Target to $108

Wells Fargo analyst Steven Cahall upgrades Omnicom Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OMC#NYSE">OMC</a>) from Equal-Weight to Overweight and raises the price target from $91 to $106.

Upgrades

Wells Fargo Upgrades Omnicom Group to Overweight, Raises Price Target to $106

Omnicom Group Inc.&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OMC#NYSE">OMC</a>) shares are trading higher after the company reported&nbsp;<a target="_blank" href="https://www.benzinga.com/pressreleases/24/04/n38279792/omnicom-reports-first-quarter-2024-results" rel="noreferrer noopener">first-quarter FY24 results</a>.
Revenue rose 5.4% Y/Y to $3.63 billion, beating the consensus of $3.615 billion. This was led by an organic growth of 4.0% Y/Y. Acquisition revenue (net of disposition revenue) increased revenue by 1.5%, led by Flywheel Digital&#8217;s acquisition in the Precision Marketing discipline, and the impact of foreign currency translation reduced revenue by 0.1%.
Adjusted EBITA rose 4.1% Y/Y to $500.4 million, with the margin decreasing to 13.8% from 14.0% a year ago. Adjusted EPS of $1.67 <a href="https://www.benzinga.com/calendars/earnings" target="_blank" rel="noreferrer noopener">beat the consensus of $1.55</a>.
John Wren, Chairman and Chief Executive Officer, said, &#8220;Omnicom began the year with solid organic revenue growth of 4.0%, led by continued strength in our advertising &amp; media and precision marketing disciplines, including Flywheel Digital.&#8221;&nbsp;
&#8220;We are uniquely able to combine marketing and sales solutions with a seamless set of information signals to turn our award-winning creativity into measurable dynamic business outcomes for our clients. Our industry-leading tools and platforms, combined with the strength of our operating leadership, has led to our excellent new business performance and, when combined with the new opportunities we are pursuing, give us great confidence in the future.&#8221;
Price Action: OMC shares are up 2.95% at $93.64 premarket on the last check Wednesday.

WIIM

Omnicom Group shares are trading higher after the company reported better-than-expected Q1 financial results.

Omnicom Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OMC#NYSE">OMC</a>) reported quarterly earnings of $1.67 per share which beat the analyst consensus estimate of $1.55 by 7.74 percent. This is a 7.05 percent increase over earnings of $1.56 per share from the same period last year. The company reported quarterly sales of $3.63 billion which beat the analyst consensus estimate of $3.62 billion by 0.29 percent. This is a 5.45 percent increase over sales of $3.44 billion the same period last year.

Earnings Beats

Omnicom Group Q1 Adj $1.67 Beats $1.55 Estimate, Sales $3.63B Beat $3.62B Estimate

<h3>Companies Reporting Before The Bell</h3>
&bull; Traws Pharma (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TRAW#NASDAQ">TRAW</a>) is expected to report earnings for its fourth quarter.
&bull; Telefonaktiebolaget L M (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ERIC#NASDAQ">ERIC</a>) is estimated to report quarterly earnings at $0.05 per share on revenue of $5.34 billion.
&bull; Bank of America (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BAC#NYSE">BAC</a>) is expected to report quarterly earnings at $0.77 per share on revenue of $25.45 billion.
&bull; PNC Finl Servs Gr (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PNC#NYSE">PNC</a>) is projected to report quarterly earnings at $3.03 per share on revenue of $5.19 billion.
&bull; Bank of New York Mellon (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BK#NYSE">BK</a>) is expected to report quarterly earnings at $1.19 per share on revenue of $4.38 billion.
&bull; Johnson &amp; Johnson (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JNJ#NYSE">JNJ</a>) is likely to report quarterly earnings at $2.64 per share on revenue of $21.41 billion.
&bull; UnitedHealth Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UNH#NYSE">UNH</a>) is projected to report quarterly earnings at $6.73 per share on revenue of $99.47 billion.
&bull; Morgan Stanley (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MS#NYSE">MS</a>) is expected to report quarterly earnings at $1.68 per share on revenue of $14.43 billion.
&bull; Northern Trust (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NTRS#NASDAQ">NTRS</a>) is projected to report quarterly earnings at $1.44 per share on revenue of $1.75 billion.
&bull; Commerce Bancshares (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CBSH#NASDAQ">CBSH</a>) is projected to report quarterly earnings at $0.80 per share on revenue of $390.36 million.
&bull; Mercantile Bank (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MBWM#NASDAQ">MBWM</a>) is likely to report quarterly earnings at $1.14 per share on revenue of $55.38 million.
<h3>Companies Reporting After The Bell</h3>
&bull; CXApp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CXAI#NASDAQ">CXAI</a>) is likely to report quarterly loss at $0.35 per share on revenue of $1.80 million.
&bull; Xcel Brands (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/XELB#NASDAQ">XELB</a>) is expected to report quarterly loss at $0.18 per share on revenue of $2.64 million.
&bull; Safe &amp; Green Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SGBX#NASDAQ">SGBX</a>) is projected to report quarterly earnings at $0.00 per share on revenue of $11.47 million.
&bull; GameSquare Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GAME#NASDAQ">GAME</a>) is expected to report quarterly loss at $0.23 per share on revenue of $16.50 million.
&bull; Equity Bancshares (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EQBK#NYSE">EQBK</a>) is projected to report quarterly earnings at $0.85 per share on revenue of $52.81 million.
&bull; Omnicom Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OMC#NYSE">OMC</a>) is likely to report quarterly earnings at $1.54 per share on revenue of $3.62 billion.
&bull; JB Hunt Transport Servs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JBHT#NASDAQ">JBHT</a>) is estimated to report quarterly earnings at $1.59 per share on revenue of $3.16 billion.
&bull; Hancock Whitney (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HWC#NASDAQ">HWC</a>) is likely to report quarterly earnings at $1.18 per share on revenue of $357.17 million.
&bull; America Movil (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AMX#NYSE">AMX</a>) is projected to report quarterly earnings at $0.35 per share on revenue of $11.98 billion.
&bull; United Airlines Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UAL#NASDAQ">UAL</a>) is likely to report quarterly loss at $0.56 per share on revenue of $12.43 billion.
&bull; Fulton Financial (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FULT#NASDAQ">FULT</a>) is estimated to report quarterly earnings at $0.38 per share on revenue of $208.99 million.
&bull; Interactive Brokers Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IBKR#NASDAQ">IBKR</a>) is projected to report quarterly earnings at $1.60 per share on revenue of $1.18 billion.
&bull; Ontrak (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OTRK#NASDAQ">OTRK</a>) is projected to report earnings for its fourth quarter.
This article was generated by Benzinga&#39;s automated content engine and reviewed by an editor.

CBSH

CXAI

EQBK

ERIC

FULT

GAME

IBKR

JBHT

MBWM

NTRS

OTRK

SGBX

TRAW

XELB

Earnings Scheduled For April 16, 2024

The first quarter of 2024 proved to be an eventful period for investors as the S&amp;P 500 Index exhibited significant growth, surging by 9.94%. Among the various sectors comprising the index, two sectors stood out for their remarkable performance: energy <a href="https://www.benzinga.com/quote/XLC">and communication services</a>. 
The S&amp;P 500 Index is widely tracked by the SPDR S&amp;P 500 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>), the iShares Core S&amp;P 500 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IVV#NYSE">IVV</a>) and the Vanguard S&amp;P 500 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VOO#NYSE">VOO</a>).
Also Read: <a href="https://www.benzinga.com/markets/equities/24/03/37927561/goldman-sachs-predicts-15-upside-for-s-p-500-ai-boom-could-drive-market-to-6-000">Goldman Sachs Predicts 15% Upside For S&amp;P 500, AI Boom Could Drive Market To 6,000</a>
Let&#8217;s delve deeper into the standout sectors and the top-performing stocks within each.
<h2 class="wp-block-heading">Energy Sector: A Strong Rally (+13.47%)</h2>
The energy sector, represented by the SPDR Energy Select Sector Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLE#NYSE">XLE</a>), experienced a notable upswing with a growth rate of 13.47% during Q1. This surge can be attributed to multiple factors, including the ongoing global economic recovery, increased demand for oil and gas, and supply chain disruptions impacting the sector.
<figure class="wp-block-image size-full"><img loading="lazy" decoding="async" width="630" height="465" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/02084242/Screenshot-2024-04-02-at-6.11.58-PM.png" alt="" class="wp-image-273757" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/02084242/Screenshot-2024-04-02-at-6.11.58-PM.png 630w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/02084242/Screenshot-2024-04-02-at-6.11.58-PM-300x221.png 300w" sizes="(max-width: 630px) 100vw, 630px" /></figure>
<a target="_blank" href="https://pro.benzinga.com/dashboard" rel="noreferrer noopener">Chart: Benzinga Pro</a>
Leading the charge in the energy sector were several key stocks that significantly contributed to its impressive performance:
<ol>
<li>Marathon Petroleum Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MPC#NYSE">MPC</a>): With a remarkable surge of 37.78%, Marathon Petroleum stock has emerged as one of the top-performing stocks in the energy sector. The company, which engages in refining, marketing, and transportation of petroleum products, benefited from rising oil prices and strong demand for refined products.</li>
<li>Valero Energy Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VLO#NYSE">VLO</a>): Valero Energy stock recorded a substantial gain of 32.80% during Q1. As one of the largest independent petroleum refining and marketing companies, Valero capitalized on favorable market conditions, robust refining margins, and operational efficiencies to drive its impressive performance.</li>
<li>Targa Resources Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TRGP#NYSE">TRGP</a>): Targa Resources&#8217; stock witnessed a solid growth rate of 29.19% in Q1. The company, specializing in the gathering, processing, and storage of natural gas and natural gas liquids, benefited from increased demand for natural gas and higher commodity prices.</li>
<li>Diamondback Energy Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FANG#NYSE">FANG</a>): Diamondback Energy, an independent oil and natural gas company, saw its stock price surge by 28.61% during the first quarter. The company&#8217;s focus on efficient operations, cost discipline, and strategic asset development contributed to its strong performance amid favorable market conditions.</li>
<li>Phillips 66 (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PSX#NYSE">PSX</a>): Phillips 66 is a diversified energy manufacturing and logistics company. Its stock delivered a solid performance with a growth rate of 22.68% in Q1. The company&#8217;s integrated business model, along with its focus on operational excellence and capital discipline, positioned it well to capitalize on improving market dynamics.</li>
</ol>
<h2 class="wp-block-heading">Communication Services: Riding High (+13.25%)</h2>
While the energy sector led the pack, communication services emerged as a close second in terms of performance. The Communication Services Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLC#NYSE">XLC</a>), which adequately represents the sector&#8217;s equity, posted a return of 13.25% over the past 3 months. This sector, encompassing companies involved in telecommunications, media, and entertainment, benefited from various factors driving demand for digital services and content consumption.
<figure class="wp-block-image size-full"><img loading="lazy" decoding="async" width="630" height="465" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/02084256/Screenshot-2024-04-02-at-6.12.16-PM.png" alt="" class="wp-image-273758" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/02084256/Screenshot-2024-04-02-at-6.12.16-PM.png 630w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/02084256/Screenshot-2024-04-02-at-6.12.16-PM-300x221.png 300w" sizes="(max-width: 630px) 100vw, 630px" /></figure>
<a class="c-link" data-stringify-link="https://pro.benzinga.com/dashboard" delay="150" data-sk="tooltip_parent" style="box-sizing: inherit; color: rgba(var(--sk_highlight,18,100,163),1); text-decoration-line: none;" href="https://pro.benzinga.com/dashboard" target="_blank" rel="noopener noreferrer">Chart: Benzinga Pro</a>
Here are the top-performing stocks within the communication services sector:
<ol>
<li>Meta Platforms, Inc. Class A (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>): Formerly known as Facebook, Meta Platforms&#8217; stock witnessed an impressive surge of 38.82% in Q1. The company&#8217;s strategic focus on the metaverse, virtual reality technologies, and digital advertising propelled its stock to new heights, despite regulatory challenges and controversies.</li>
<li>Walt Disney Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIS#NYSE">DIS</a>): Walt Disney stock experienced robust growth of 34.60% during the first quarter. The entertainment giant&#8217;s diversified portfolio of media networks, theme parks, and streaming services, coupled with successful content releases and the gradual recovery of the global tourism industry, contributed to its stellar performance.</li>
<li>Netflix Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NFLX#NASDAQ">NFLX</a>): Netflix is a leading streaming service provider. Netflix stock&#8217;s performance during the past quarter was solid, recording a growth rate of 26.17% in Q1. The company continued to benefit from the secular shift towards digital streaming, the success of its original content, and its expanding international subscriber base.</li>
<li>Verizon Communications Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VZ#NYSE">VZ</a>): Verizon Communications is a well-known telecommunications company. Its stock posted a respectable gain of 12.15% during the first quarter. The company&#8217;s focus on expanding its 5G network infrastructure, improving customer experiences, and diversifying its revenue streams contributed to its steady growth.</li>
<li>Omnicom Group Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OMC#NYSE">OMC</a>): Leading global marketing and corporate communications company, Omnicom Group&#8217;s stock price rose by 11.64% in Q1. The company&#8217;s diverse range of advertising, marketing, and public relations services, combined with its ability to adapt to evolving consumer trends, supported its solid performance.</li>
</ol>
The first quarter of 2024 witnessed robust performance across various sectors of the S&amp;P 500 index. The energy sector emerged as the top performer, while communication services followed closely behind. The financials sector, as represented by the SPDR Select Sector Fund &#8211; Financial (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLF#NYSE">XLF</a>), was up 11.30% while the industrials sector came in fourth at 9.65%. The industrials sector is tracked by the SPDR Select Sector Fund &#8211; Industrial (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLI#NYSE">XLI</a>).
Read Next: <a href="https://www.benzinga.com/markets/equities/24/03/37763852/bizarrely-overvalued-s-p-500-could-plummet-49-if-recession-strikes-warns-top-strategist">&#8216;Bizarrely Overvalued&#8217;: S&amp;P 500 Could Plummet 49% If Recession Strikes, Warns Top Strategist</a>
Image generated using artificial intelligence via Midjourney.

S&P 500's Q1 Standouts: Energy, Communication Sectors In The Lead — 10 Top-Performing Stocks

In the last three months, 5 analysts have published ratings on Omnicom Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OMC#NYSE">OMC</a>), offering a diverse range of perspectives from bullish to bearish.
In the table below, you'll find a summary of their recent ratings, revealing the shifting sentiments over the past 30 days and comparing them to the previous months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
The 12-month price targets, analyzed by analysts, offer insights with an average target of $104.6, a high estimate of $117.00, and a low estimate of $91.00. Surpassing the previous average price target of $86.67, the current average has increased by 20.69%.
<img src="https://www.benzinga.com/files/images/story/2024/1711630810_0.png" alt="price target chart" />
<h2>Interpreting Analyst Ratings: A Closer Look</h2>
A clear picture of Omnicom Group's perception among financial experts is painted with a thorough analysis of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Lina Ghayor</td>
<td>Exane BNP Paribas</td>
<td>Announces</td>
<td>Outperform</td>
<td>$115.00</td>
<td>-</td>
</tr>
<tr>
<td>Steven Cahall</td>
<td>Wells Fargo</td>
<td>Raises</td>
<td>Equal-Weight</td>
<td>$91.00</td>
<td>$85.00</td>
</tr>
<tr>
<td>Julien Roch</td>
<td>Barclays</td>
<td>Raises</td>
<td>Equal-Weight</td>
<td>$100.00</td>
<td>$95.00</td>
</tr>
<tr>
<td>Adam Berlin</td>
<td>UBS</td>
<td>Announces</td>
<td>Buy</td>
<td>$117.00</td>
<td>-</td>
</tr>
<tr>
<td>Tim Nollen</td>
<td>Macquarie</td>
<td>Raises</td>
<td>Outperform</td>
<td>$100.00</td>
<td>$80.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts frequently update their recommendations based on evolving market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Omnicom Group. This information provides a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Offering a comprehensive view, analysts assess stocks qualitatively, spanning from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Omnicom Group compared to the broader market.</li>
<li>Price Targets: Analysts explore the dynamics of price targets, providing estimates for the future value of Omnicom Group's stock. This examination reveals shifts in analysts' expectations over time.</li>
</ul>
To gain a panoramic view of Omnicom Group's market performance, explore these analyst evaluations alongside essential financial indicators. Stay informed and make judicious decisions using our Ratings Table.
<a href="https://www.benzinga.com/quote/OMC/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Omnicom Group analyst ratings.</a>
<h2>All You Need to Know About Omnicom Group</h2>
Omnicom is a holding company that owns several advertising agencies and related firms. It provides traditional and digital advertising services that include creative design, market research, data analytics, and ad placement. In addition, Omnicom provides outsourced public relations and other communications services. The firm operates globally, providing services in more than 70 countries; it generates more than one half of its revenue in North America and nearly 30% in Europe.
<h3>A Deep Dive into Omnicom Group's Financials</h3>
Market Capitalization Highlights: Above the industry average, the company's market capitalization signifies a significant scale, indicating strong confidence and market prominence.
Revenue Growth: Omnicom Group's remarkable performance in 3 months is evident. As of 31 December, 2023, the company achieved an impressive revenue growth rate of 4.98%. This signifies a substantial increase in the company's top-line earnings. In comparison to its industry peers, the company trails behind with a growth rate lower than the average among peers in the Communication Services sector.
Net Margin: Omnicom Group's net margin excels beyond industry benchmarks, reaching 8.31%. This signifies efficient cost management and strong financial health.
Return on Equity (ROE): Omnicom Group's financial strength is reflected in its exceptional ROE, which exceeds industry averages. With a remarkable ROE of 9.86%, the company showcases efficient use of equity capital and strong financial health.
Return on Assets (ROA): Omnicom Group's financial strength is reflected in its exceptional ROA, which exceeds industry averages. With a remarkable ROA of 1.27%, the company showcases efficient use of assets and strong financial health.
Debt Management: Omnicom Group's debt-to-equity ratio is notably higher than the industry average. With a ratio of 1.8, the company relies more heavily on borrowed funds, indicating a higher level of financial risk.
<h2>What Are Analyst Ratings?</h2>
Analysts are specialists within banking and financial systems that typically report for specific stocks or within defined sectors. These people research company financial statements, sit in conference calls and meetings, and speak with relevant insiders to determine what are known as analyst ratings for stocks. Typically, analysts will rate each stock once a quarter. 
Some analysts publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

A Glimpse Into The Expert Outlook On Omnicom Group Through 5 Analysts

Exane BNP Paribas analyst Lina Ghayor upgrades Omnicom Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OMC#NYSE">OMC</a>) from Neutral to Outperform and announces $115 price target.

Exane BNP Paribas Upgrades Omnicom Group to Outperform, Announces $115 Price Target

During times of turbulence and uncertainty in the markets, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a <a href="https://www.benzinga.com/yield-investments"> high dividend payout. </a>
Benzinga readers can review the latest analyst takes on&nbsp;their favorite stocks&nbsp;by visiting our&nbsp;<a href="https://www.benzinga.com/analyst-stock-ratings">Analyst Stock Ratings&nbsp;</a>page. Traders can sort through Benzinga&#39;s extensive database of analyst ratings, including <a href="https://www.benzinga.com/analyst-ratings/analyst-color/22/09/28888638/exclusive-study-finds-benzinga-analyst-ratings-data-yields-market-beating-strategie"> by analyst accuracy </a>.
Below are the ratings of the most accurate analysts for three high-yielding stocks in the communication services sector.
<h3>TEGNA Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/tgna#NYSE">TGNA</a>)</h3>
<ul>
<li>Dividend Yield: 3.22%</li>
<li>JP Morgan analyst David Karnovsky maintained a Neutral rating and cut the price target from $17 to $15 on March 1, 2024. This analyst has an accuracy rate of 67%.</li>
<li>Wells Fargo analyst Steven Cahall maintained an Equal-Weight rating and lowered the price target from $17 to $15 on Feb. 9, 2024. This analyst has an accuracy rate of 60%.</li>
<li>Recent News: TEGNA said it will host a conference call to discuss its first quarter 2024 earnings results on May 8, 2024.</li>
</ul>
<h3>Omnicom Group Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/omc#NYSE">OMC</a>)</h3>
<ul>
<li>Dividend Yield: 3.00%</li>
<li>Wells Fargo analyst Steven Cahall maintained an Equal-Weight rating and raised the price target from $85 to $91 on Feb. 7, 2024. This analyst has an accuracy rate of 60%.</li>
<li>Barclays analyst Julien Roch maintained an Equal-Weight rating and boosted the price target from $95 to $100 on Jan. 29, 2024. This analyst has an accuracy rate of 61%.</li>
<li>Recent News: On Feb. 28, Omnicom priced its &euro;600 million senior notes offering.</li>
</ul>
<h3>Sinclair, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/sbgi#NASDAQ">SBGI</a>)</h3>
<ul>
<li>Dividend Yield: 8.60%</li>
<li>Rosenblatt analyst Barton Crockett maintained a Neutral rating and raised the price target from $10.4 to $15.7 on Jan. 18, 2024. This analyst has an accuracy rate of 65%.</li>
<li>Deutsche Bank analyst Bryan Kraft maintained a Hold rating and cut the price target from $18 to $17 on Aug. 15, 2023. This analyst has an accuracy rate of 65%.</li>
<li>Recent News: On Feb. 28, Sinclair posted weaker-than-expected quarterly results.</li>
</ul>
&nbsp;
Read More: <a href="https://www.benzinga.com/news/earnings/24/03/37839250/micron-signet-jewelers-and-3-stocks-to-watch-heading-into-wednesday"> Micron, Signet Jewelers And 3 Stocks To Watch Heading Into Wednesday </a>

Wall Street's Most Accurate Analysts Say Hold These 3 Tech And Telecom Stocks Delivering High-Dividend Yields

During times of turbulence and uncertainty in the markets, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a <a href="https://www.benzinga.com/yield-investments"> high dividend payout. </a>
Benzinga readers can review the latest analyst takes on&nbsp;their favorite stocks&nbsp;by visiting our&nbsp;<a href="https://www.benzinga.com/analyst-stock-ratings">Analyst Stock Ratings&nbsp;</a>page. Traders can sort through Benzinga&#39;s extensive database of analyst ratings, including <a href="https://www.benzinga.com/analyst-ratings/analyst-color/22/09/28888638/exclusive-study-finds-benzinga-analyst-ratings-data-yields-market-beating-strategie"> by analyst accuracy </a>.
Below are the ratings of the most accurate analysts for three high-yielding stocks in the communication services sector.
<h3>TEGNA Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/tgna#NYSE">TGNA</a>)</h3>
<ul>
<li>Dividend Yield: 3.17%</li>
<li>JP Morgan analyst David Karnovsky reinstated a Neutral rating with a price target of $17 on Dec. 6, 2023. This analyst has an accuracy rate of 67%.</li>
<li>Benchmark analyst Daniel Kurnos reiterated a Buy rating with a price target of $22 on Oct. 30, 2023. This analyst has an accuracy rate of 76%.</li>
<li>Recent News: On Feb. 8, TEGNA named Rick Rogala as president and general manager at WBNS, TEGNA&#39;s CBS affiliate serving Columbus, Ohio, effective Feb. 26.</li>
</ul>
<h3>Omnicom Group Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/omc#NYSE">OMC</a>)</h3>
<ul>
<li>Dividend Yield: 3.17%</li>
<li>Barclays analyst Julien Roch maintained an Equal-Weight rating and raised the price target from $95 to $100 on Jan. 29, 2024. This analyst has an accuracy rate of 61%.</li>
<li>Citigroup analyst Jason Bazinet maintained a Buy rating and cut the price target from $113 to $112 on Oct. 19, 2023. This analyst has an accuracy rate of 67%.</li>
<li>Recent News: On Feb. 6, Omnicom Group posted better-than-expected quarterly results.</li>
</ul>
<h3>Gray Television, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/gtn#NYSE">GTN</a>)</h3>
<ul>
<li>Dividend Yield: 4.03%</li>
<li>Guggenheim analyst Curry Baker maintained a Buy rating and cut the price target from $15 to $14 on Aug. 8, 2023. This analyst has an accuracy rate of 67%.</li>
<li>Benchmark analyst Daniel Kurnos reiterated a Buy rating with a price target of $19 on Aug. 7, 2023. This analyst has an accuracy rate of 76%.</li>
<li>Recent News: On Feb. 20, Gray Television announced CFO Jim Ryan&#39;s upcoming retirement and appointment of Jeff Gignac to succeed him.</li>
</ul>
&nbsp;
Read More: <a href="https://www.benzinga.com/news/earnings/24/02/37279701/investor-optimism-improves-further-s-p-500-settles-at-record-high"> Investor Optimism Improves Further; S&amp;P 500 Settles At Record High</a>
&nbsp;

Wall Street's Most Accurate Analysts' Views On 3 Tech And Telecom Stocks Delivering High-Dividend Yields

This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.
Traders often look for circumstances when the market estimation of an option diverges away from its normal worth. Abnormal amounts of trading activity could push option prices to hyperbolic or underperforming levels. 
Below are some instances of options activity happening in the Communication Services sector: 
<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>META</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>06/18/26</td>
<td>$950.00</td>
<td>$47.5K</td>
<td>38.2K</td>
<td>40.7K</td>
</tr>
<tr>
<td>DIS</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>02/16/24</td>
<td>$110.00</td>
<td>$41.6K</td>
<td>9.5K</td>
<td>23.5K</td>
</tr>
<tr>
<td>SNAP</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>03/08/24</td>
<td>$12.00</td>
<td>$83.7K</td>
<td>974</td>
<td>5.6K</td>
</tr>
<tr>
<td>GOOGL</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>02/09/24</td>
<td>$144.00</td>
<td>$51.2K</td>
<td>4.1K</td>
<td>5.0K</td>
</tr>
<tr>
<td>PINS</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>02/09/24</td>
<td>$35.00</td>
<td>$68.4K</td>
<td>3.5K</td>
<td>4.7K</td>
</tr>
<tr>
<td>QNST</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>06/21/24</td>
<td>$15.00</td>
<td>$34.0K</td>
<td>1.0K</td>
<td>730</td>
</tr>
<tr>
<td>OMC</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>03/15/24</td>
<td>$85.00</td>
<td>$26.8K</td>
<td>9</td>
<td>399</td>
</tr>
<tr>
<td>GOOG</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>03/01/24</td>
<td>$147.00</td>
<td>$26.9K</td>
<td>1.1K</td>
<td>272</td>
</tr>
<tr>
<td>ROKU</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>04/19/24</td>
<td>$100.00</td>
<td>$25.4K</td>
<td>1.7K</td>
<td>235</td>
</tr>
<tr>
<td>TTWO</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>02/09/24</td>
<td>$170.00</td>
<td>$26.6K</td>
<td>214</td>
<td>203</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These itemized elaborations have been created using the accompanying table. 
• Regarding META (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>), we observe a call option trade with bearish sentiment. It expires in 861 day(s) on June 18, 2026. Parties traded 25 contract(s) at a $950.00 strike. The total cost received by the writing party (or parties) was $47.5K, with a price of $1900.0 per contract. There were 38254 open contracts at this strike prior to today, and today 40710 contract(s) were bought and sold. 
• For DIS (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIS#NYSE">DIS</a>), we notice a call option sweep that happens to be bullish, expiring in 8 day(s) on February 16, 2024. This event was a transfer of 152 contract(s) at a $110.00 strike. This particular call needed to be split into 4 different trades to become filled. The total cost received by the writing party (or parties) was $41.6K, with a price of $274.0 per contract. There were 9592 open contracts at this strike prior to today, and today 23583 contract(s) were bought and sold. 
• For SNAP (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SNAP#NYSE">SNAP</a>), we notice a call option sweep that happens to be bullish, expiring in 29 day(s) on March 8, 2024. This event was a transfer of 2408 contract(s) at a $12.00 strike. This particular call needed to be split into 77 different trades to become filled. The total cost received by the writing party (or parties) was $83.7K, with a price of $35.0 per contract. There were 974 open contracts at this strike prior to today, and today 5637 contract(s) were bought and sold. 
• For GOOGL (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>), we notice a call option trade that happens to be bullish, expiring in 1 day(s) on February 9, 2024. This event was a transfer of 220 contract(s) at a $144.00 strike. The total cost received by the writing party (or parties) was $51.2K, with a price of $233.0 per contract. There were 4131 open contracts at this strike prior to today, and today 5035 contract(s) were bought and sold. 
• For PINS (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PINS#NYSE">PINS</a>), we notice a put option trade that happens to be bearish, expiring in 1 day(s) on February 9, 2024. This event was a transfer of 878 contract(s) at a $35.00 strike. The total cost received by the writing party (or parties) was $68.4K, with a price of $78.0 per contract. There were 3595 open contracts at this strike prior to today, and today 4703 contract(s) were bought and sold. 
• For QNST (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QNST#NASDAQ">QNST</a>), we notice a call option sweep that happens to be bearish, expiring in 134 day(s) on June 21, 2024. This event was a transfer of 227 contract(s) at a $15.00 strike. This particular call needed to be split into 14 different trades to become filled. The total cost received by the writing party (or parties) was $34.0K, with a price of $150.0 per contract. There were 1040 open contracts at this strike prior to today, and today 730 contract(s) were bought and sold. 
• Regarding OMC (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OMC#NYSE">OMC</a>), we observe a put option sweep with bullish sentiment. It expires in 36 day(s) on March 15, 2024. Parties traded 168 contract(s) at a $85.00 strike. This particular put needed to be split into 17 different trades to become filled. The total cost received by the writing party (or parties) was $26.8K, with a price of $160.0 per contract. There were 9 open contracts at this strike prior to today, and today 399 contract(s) were bought and sold. 
• For GOOG (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>), we notice a call option sweep that happens to be bearish, expiring in 22 day(s) on March 1, 2024. This event was a transfer of 78 contract(s) at a $147.00 strike. This particular call needed to be split into 3 different trades to become filled. The total cost received by the writing party (or parties) was $26.9K, with a price of $346.0 per contract. There were 1195 open contracts at this strike prior to today, and today 272 contract(s) were bought and sold. 
• Regarding ROKU (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ROKU#NASDAQ">ROKU</a>), we observe a call option trade with bearish sentiment. It expires in 71 day(s) on April 19, 2024. Parties traded 25 contract(s) at a $100.00 strike. The total cost received by the writing party (or parties) was $25.4K, with a price of $1020.0 per contract. There were 1789 open contracts at this strike prior to today, and today 235 contract(s) were bought and sold. 
• Regarding TTWO (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TTWO#NASDAQ">TTWO</a>), we observe a put option sweep with bearish sentiment. It expires in 1 day(s) on February 9, 2024. Parties traded 55 contract(s) at a $170.00 strike. This particular put needed to be split into 4 different trades to become filled. The total cost received by the writing party (or parties) was $26.6K, with a price of $485.0 per contract. There were 214 open contracts at this strike prior to today, and today 203 contract(s) were bought and sold. 
Options Alert Terminology 
 - Call Contracts: The right to buy shares as indicated in the contract. 
 - Put Contracts: The right to sell shares as indicated in the contract. 
 - Expiration Date: When the contract expires. One must act on the contract by this date if one wants to use it. 
 - Premium/Option Price: The price of the contract. 
For more information, visit our <a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">Guide to Understanding Options Alerts</a> or read <a href="https://www.benzinga.com/markets/options">more about unusual options activity</a>. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Options

GOOG

GOOGL

PINS

QNST

ROKU

SNAP

TTWO

10 Communication Services Stocks With Whale Alerts In Today's Session

Across the recent three months, 4 analysts have shared their insights on Omnicom Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OMC#NYSE">OMC</a>), expressing a variety of opinions spanning from bullish to bearish.
The following table encapsulates their recent ratings, offering a glimpse into the evolving sentiments over the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
Analysts provide deeper insights through their assessments of 12-month price targets, revealing an average target of $102.0, a high estimate of $117.00, and a low estimate of $91.00. This upward trend is evident, with the current average reflecting a 17.69% increase from the previous average price target of $86.67.
<img src="https://www.benzinga.com/files/images/story/2024/1707328833_0.png" alt="price target chart" />
<h2>Understanding Analyst Ratings: A Comprehensive Breakdown</h2>
In examining recent analyst actions, we gain insights into how financial experts perceive Omnicom Group. The following summary outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Steven Cahall</td>
<td>Wells Fargo</td>
<td>Raises</td>
<td>Equal-Weight</td>
<td>$91.00</td>
<td>$85.00</td>
</tr>
<tr>
<td>Julien Roch</td>
<td>Barclays</td>
<td>Raises</td>
<td>Equal-Weight</td>
<td>$100.00</td>
<td>$95.00</td>
</tr>
<tr>
<td>Adam Berlin</td>
<td>UBS</td>
<td>Announces</td>
<td>Buy</td>
<td>$117.00</td>
<td>-</td>
</tr>
<tr>
<td>Tim Nollen</td>
<td>Macquarie</td>
<td>Raises</td>
<td>Outperform</td>
<td>$100.00</td>
<td>$80.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts frequently update their recommendations based on evolving market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Omnicom Group. This information provides a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Analyzing trends, analysts offer qualitative evaluations, ranging from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Omnicom Group compared to the broader market.</li>
<li>Price Targets: Understanding forecasts, analysts offer estimates for Omnicom Group's future value. Examining the current and prior targets provides insight into analysts' changing expectations.</li>
</ul>
To gain a panoramic view of Omnicom Group's market performance, explore these analyst evaluations alongside essential financial indicators. Stay informed and make judicious decisions using our Ratings Table.
<a href="https://www.benzinga.com/quote/OMC/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Omnicom Group analyst ratings.</a>
<h2>Unveiling the Story Behind Omnicom Group</h2>
Omnicom is the world's second-largest ad holding company, based on annual revenue. The firm's services, which include traditional and digital advertising and public relations, are provided worldwide, with over 80% of its revenue coming from more developed regions such as North America and Europe.
<h3>Omnicom Group: Delving into Financials</h3>
Market Capitalization Analysis: With an elevated market capitalization, the company stands out above industry averages, showcasing substantial size and market acknowledgment.
Revenue Growth: Omnicom Group's revenue growth over a period of 3 months has been noteworthy. As of 30 September, 2023, the company achieved a revenue growth rate of approximately 3.91%. This indicates a substantial increase in the company's top-line earnings. In comparison to its industry peers, the company trails behind with a growth rate lower than the average among peers in the Communication Services sector.
Net Margin: Omnicom Group's net margin is below industry standards, pointing towards difficulties in achieving strong profitability. With a net margin of 10.39%, the company may encounter challenges in effective cost control.
Return on Equity (ROE): Omnicom Group's ROE excels beyond industry benchmarks, reaching 11.65%. This signifies robust financial management and efficient use of shareholder equity capital.
Return on Assets (ROA): The company's ROA is below industry benchmarks, signaling potential difficulties in efficiently utilizing assets. With an ROA of 1.49%, the company may need to address challenges in generating satisfactory returns from its assets.
Debt Management: Omnicom Group's debt-to-equity ratio surpasses industry norms, standing at 1.99. This suggests the company carries a substantial amount of debt, posing potential financial challenges.
<h2>The Core of Analyst Ratings: What Every Investor Should Know</h2>
Analysts work in banking and financial systems and typically specialize in reporting for stocks or defined sectors. Analysts may attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish "analyst ratings" for stocks. Analysts typically rate each stock once per quarter.
Analysts may enhance their evaluations by incorporating forecasts for metrics like growth estimates, earnings, and revenue, delivering additional guidance to investors. It is vital to acknowledge that, although experts in stocks and sectors, analysts are human and express their opinions when providing insights.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

What 4 Analyst Ratings Have To Say About Omnicom Group

Wells Fargo analyst Steven Cahall maintains Omnicom Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OMC#NYSE">OMC</a>) with a Equal-Weight and raises the price target from $85 to $91.

Wells Fargo Maintains Equal-Weight on Omnicom Group, Raises Price Target to $91

During times of turbulence and uncertainty in the markets, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a <a href="https://www.benzinga.com/yield-investments"> high dividend payout. </a>
Benzinga readers can review the latest analyst takes on&nbsp;their favorite stocks&nbsp;by visiting our&nbsp;<a href="https://www.benzinga.com/analyst-stock-ratings" target="_blank">Analyst Stock Ratings&nbsp;</a>page. Traders can sort through Benzinga&#39;s extensive database of analyst ratings, including&nbsp;by analyst accuracy. Here&#39;s a look at the most recent high-yield dividend&nbsp;stock ratings from the most accurate Wall Street analysts, according to Benzinga&#39;s&nbsp;<a href="https://www.benzinga.com/analyst-ratings/analyst-color/22/09/28888638/exclusive-study-finds-benzinga-analyst-ratings-data-yields-market-beating-strategie">Analyst Stock&nbsp;</a><a href="https://www.benzinga.com/analyst-ratings/analyst-color/22/09/28888638/exclusive-study-finds-benzinga-analyst-ratings-data-yields-market-beating-strategie">Ratings</a>.
Below are the ratings of the most accurate analysts for three high-yielding stocks in the communication services sector.
<h3>Omnicom Group Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/omc#NYSE">OMC</a>)</h3>
<ul>
<li>Dividend Yield: 3.15%</li>
<li>Barclays analyst Julien Roch maintained an Equal-Weight rating and raised the price target from $95 to $100 on Jan. 29, 2024. This analyst has an accuracy rate of 61%.</li>
<li>Morgan Stanley analyst Benjamin Swinburne maintained an Equal-Weight rating and cut the price target from $100 to $90 on Oct. 16, 2023. This analyst has an accuracy rate of 72%.</li>
<li>Recent News: Omnicom Group posted better-than-expected fourth-quarter earnings.</li>
</ul>
<h3>The Interpublic Group of Companies, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ipg#NYSE">IPG</a>)</h3>
<ul>
<li>Dividend Yield: 3.76%</li>
<li>Barclays analyst Julien Roch maintained an Equal-Weight rating and increased the price target from $35 to $36 on Jan. 29, 2024. This analyst has an accuracy rate of 61%.</li>
<li>Morgan Stanley analyst Benjamin Swinburne maintained an Equal-Weight rating and lowered the price target from $35 to $33 on Oct. 23, 2023. This analyst has an accuracy rate of 72%.</li>
<li>Recent News: Interpublic Group is expected to release earnings for the latest quarter on Feb. 8, 2024.</li>
</ul>
<h3>Sinclair, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/sbgi#NASDAQ">SBGI</a>)</h3>
<ul>
<li>Dividend Yield: 6.73%</li>
<li>Rosenblatt analyst Barton Crockett maintained a Neutral rating and raised the price target from $10.4 to $15.7 price target on Jan. 18, 2024. This analyst has an accuracy rate of 65%.</li>
<li>Deutsche Bank analyst Bryan Kraft maintained a Hold rating and cut the price target from $18 to $17 on Aug. 15, 2023. This analyst has an accuracy rate of 63%.</li>
<li>Recent News: Sinclair and Futuri announced a strategic partnership to innovate television sales with AI Technology.</li>
</ul>
&nbsp;
Read More: <a href="https://www.benzinga.com/news/24/02/36953977/top-5-tech-stocks-you-may-want-to-dump-this-month"> Top 5 Tech Stocks You May Want To Dump This Month</a>
&nbsp;

Wall Street's Most Accurate Analysts' Views On 3 Tech And Telecom Stocks With Over 3% Dividend Yields

Omnicom Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OMC#NYSE">OMC</a>) reported its Q4 earnings results on Tuesday, February 6, 2024 at 04:03 PM.
Here's what investors need to know about the announcement.
<h3>Earnings</h3>
Omnicom Group missed estimated earnings by 0.45%, reporting an EPS of $2.2 versus an estimate of $2.21.
Revenue was up $193.00 million from the same period last year.
<h3>Past Earnings Performance</h3>
Last quarter the company beat on EPS by $0.01 which was followed by a 1.58% drop in the share price the next day.
Here's a look at Omnicom Group's past performance:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q3 2023</th>
<th>Q2 2023</th>
<th>Q1 2023</th>
<th>Q4 2022</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>1.85</td>
<td>1.80</td>
<td>1.39</td>
<td>1.98</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>1.86</td>
<td>1.81</td>
<td>1.56</td>
<td>2.09</td>
</tr>
<tr>
<td>Revenue Estimate</td>
<td>3.56B</td>
<td>3.67B</td>
<td>3.38B</td>
<td>3.75B</td>
</tr>
<tr>
<td>Revenue Actual</td>
<td>3.58B</td>
<td>3.61B</td>
<td>3.44B</td>
<td>3.87B</td>
</tr>
</tbody>
</table>

To track all earnings releases for Omnicom Group <a href="https://www.benzinga.com/quote/OMC/earnings">visit their earnings calendar here.</a> 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Omnicom Group: Q4 Earnings Insights

Omnicom Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OMC#NYSE">OMC</a>) reported quarterly earnings of $2.20 per share which beat the analyst consensus estimate of $2.16 by 1.85 percent. The company reported quarterly sales of $4.06 billion which beat the analyst consensus estimate of $3.99 billion by 1.77 percent. This is a 4.96 percent increase over sales of $3.87 billion the same period last year.

Omnicom Group Q4 2023 Adj EPS $2.20 Beats $2.16 Estimate, Sales $4.06B Beat $3.99B Estimate

AEIS

AGCO

AMCR

AMGN

AMRK

AOSL

ARCB

ARMK

ARWR

ASTL

ATEN

ATHM

AUDC

AVNW

AZEK

AZPN

CARR

CEIX

CHKP

CINF

CRNC

CRUS

CTSH

DCPH

DIOD

ENPH

EXEL

FRSH

FTNT

GAIN

GEHC

GILD

HIMX

HLNE

ICHR

INGR

INNV

INSP

INTA

JKHY

KREF

KTCC

LPTV

LSAK

LUMN

MODN

MRCY

MSGS

MSTR

PLUS

QGEN

Earnings Scheduled For February 6, 2024

Omnicom Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OMC#NYSE">OMC</a>) is set to give its latest quarterly earnings report on Tuesday, 2024-02-06. Here's what investors need to know before the announcement.
Analysts estimate that Omnicom Group will report an earnings per share (EPS) of $2.21. 
Omnicom Group bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
<h3>Historical Earnings Performance</h3>
Last quarter the company beat EPS by $0.01, which was followed by a 1.58% drop in the share price the next day.
Here's a look at Omnicom Group's past performance and the resulting price change:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q3 2023</th>
<th>Q2 2023</th>
<th>Q1 2023</th>
<th>Q4 2022</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>1.85</td>
<td>1.80</td>
<td>1.39</td>
<td>1.98</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>1.86</td>
<td>1.81</td>
<td>1.56</td>
<td>2.09</td>
</tr>
<tr>
<td>Price Change %</td>
<td>-1.58%</td>
<td>-10.36%</td>
<td>-4.14%</td>
<td>2.16%</td>
</tr>
</tbody>
</table>

<img src="https://www.benzinga.com/files/images/story/2024/1707152504_0.png" alt="eps graph" />
<h3>Stock Performance</h3>
Shares of Omnicom Group were trading at $89.96 as of February 02. Over the last 52-week period, shares are down 2.45%. Given that these returns are generally negative, long-term shareholders are likely unhappy going into this earnings release. 
<a href="https://www.benzinga.com/quote/OMC/earnings">To track all earnings releases for Omnicom Group visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Omnicom Group's Earnings: A Preview

Omnicom Group (OMC) has shared an update. Omnicom recently disclosed its financial performance for the first quarter of 2024 during an earnings cal...

Omnicom Group Q1 Earnings Call and Future Financial Outlook

Omnicom Group Inc. (OMC) Q1 2024 Earnings Call Transcript

Omnicom Group Inc. 2024 Q1 - Results - Earnings Call Presentation

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
Omnicom Group (NYSE:<a href="https://investorplace.com/stock-quotes/omc-stock-quote/">OMC</a>) just reported results for the first quarter of 2024.<ul><li>Omnicom Group reported earnings per share of $1.67. This was above the analyst estimate for EPS of $1.55.</li><li>The company reported revenue of $3.63 billion.</li><li>This was 0.30% better than the analyst estimate for revenue of $3.62 billion.</li></ul><div>InvestorPlace Earnings is a project that leverages data from <a href="https://www.tradesmith.com">TradeSmith</a> to automate coverage of quarterly earnings reports. InvestorPlace Earnings distills key takeaways including earnings per share and revenue, as well as how a company stacks up to analyst estimates. These articles are published without human intervention, allowing us to inform our readers of the latest figures as quickly as possible. To report any concerns or inaccuracies, please contact us at <a href="mailto:editor@investorplace.com">editor@investorplace.com</a>.</div><h3>More From InvestorPlace</h3>
		<ul><li>
						<a href="https://investorplace.com/2023/10/no-1-ai-investment-might-be-this-company-youve-never-heard-of/?cid=MKT764787&amp;eid=MKT771245">The #1 AI Investment Might Be This Company You&rsquo;ve Never Heard Of</a>
					</li>
																<li>
						<a href="https://investorplace.com/2023/07/elon-musks-project-omega-stuns-silicon-valley-insiders/?cid=MKT738510&amp;eid=MKT771236">Musk&rsquo;s &ldquo;Project Omega&rdquo; May Be Set to Mint New Millionaires. Here&rsquo;s How to Get In.</a>
					</li>
																<li>
						<a href="https://investorplace.com/2021/01/one-percenter-issues-urgent-warning/?cid=MKT499868&amp;eid=MKT793997">It doesn&rsquo;t matter if you have $500 or $5 million. Do this now.</a>
					</li>
									</ul><div>
			<div></div>
						<div></div>
					</div>
	The post <a href="https://investorplace.com/earning-results/2024/04/omc-stock-earnings-omnicom-group-for-q1-of-2024/">OMC Stock Earnings: Omnicom Group Beats EPS, Beats Revenue for Q1 2024</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

OMC Stock Earnings: Omnicom Group Beats EPS, Beats Revenue for Q1 2024

There's a lot to be optimistic about in the Communication Services sector as 2 analysts just weighed in on Meta Platforms (META – Research Report) ...

Analysts Offer Insights on Communication Services Companies: Meta Platforms (META) and Omnicom Group (OMC)

Omnicom rises after Wells Fargo upgrades on trends favoring strong EPS growth

Barclays analyst Julien Roch maintained a Hold rating on Omnicom Group (OMC – Research Report) today and set a price target of $100.00. The company...

Omnicom Group (OMC) Gets a Hold from Barclays

Q1'24 earnings are beating expectations, but S&P 500 excesses are pulling the market down. With Iranian War risk rising and the Trump trials starting, investors should get ready for a bumpy ride.