Interpublic Group of Companies (NYSE:IPG) Issues Earnings Results, Beats Estimates By $0.02 EPS

Interpublic Group of Companies (NYSE:IPG) announced its quarterly earnings data on Wednesday. The business services provider reported $0.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.59 by $0.02, Briefing.com reports. The business had revenue of $2.71 billion for the quarter, compared to analysts’ expectations of $2.33 billion. Interpublic Group of Companies had a net margin of 9.97% and a return on equity of 29.70%. The firm’s quarterly revenue was up 1.6% compared to the same quarter last year. During the same period last year, the firm posted $0.74 earnings per share.

Interpublic Group of Companies Stock Up 3.3 %

Shares of IPG traded up $0.97 on Thursday, reaching $30.54. The company’s stock had a trading volume of 2,483,821 shares, compared to its average volume of 3,938,440. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.75. Interpublic Group of Companies has a twelve month low of $27.20 and a twelve month high of $35.24. The stock has a market capitalization of $11.53 billion, a PE ratio of 10.52, a PEG ratio of 3.18 and a beta of 1.12. The firm has a fifty day moving average of $30.02 and a 200-day moving average of $31.26.

Interpublic Group of Companies Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 18th. Investors of record on Tuesday, June 4th were issued a $0.33 dividend. The ex-dividend date of this dividend was Tuesday, June 4th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 4.32%. Interpublic Group of Companies’s dividend payout ratio is presently 46.98%.

Analyst Ratings Changes

A number of research analysts recently issued reports on IPG shares. Morgan Stanley cut shares of Interpublic Group of Companies from an “equal weight” rating to an “underweight” rating and decreased their price objective for the company from $34.00 to $28.00 in a research note on Monday. Wells Fargo & Company decreased their target price on shares of Interpublic Group of Companies from $32.00 to $31.00 and set an “equal weight” rating on the stock in a research note on Thursday, April 25th. Bank of America decreased their target price on shares of Interpublic Group of Companies from $38.00 to $37.00 and set a “buy” rating on the stock in a research note on Tuesday, June 25th. Macquarie decreased their target price on shares of Interpublic Group of Companies from $33.00 to $31.00 and set a “neutral” rating on the stock in a research note on Thursday. Finally, JPMorgan Chase & Co. reduced their price objective on shares of Interpublic Group of Companies from $37.00 to $36.00 and set an “overweight” rating on the stock in a research note on Friday, July 12th. One research analyst has rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $34.13.

Interpublic Group of Companies Company Profile

The Interpublic Group of Companies, Inc provides advertising and marketing services worldwide. It operates in three segments: Media, Data & Engagement Solutions, Integrated Advertising & Creativity Led Solutions, and Specialized Communications & Experiential Solutions. The Media, Data & Engagement Solutions segment provides media and communications services, digital services and products, advertising and marketing technology, e-commerce services, data management and analytics, strategic consulting, and digital brand experience under the IPG Mediabrands, UM, Initiative, Kinesso, Acxiom, Huge, MRM, and R/GA brand names.