Interpublic Group of Companies (NYSE:IPG – Get Free Report) issued its quarterly earnings data on Tuesday. The business services provider reported $0.70 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.70, RTT News reports. The firm had revenue of $2.24 billion during the quarter, compared to the consensus estimate of $2.30 billion. Interpublic Group of Companies had a net margin of 9.46% and a return on equity of 27.98%. The company’s revenue for the quarter was down 2.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.70 EPS.
Interpublic Group of Companies Stock Performance
Interpublic Group of Companies stock opened at $31.60 on Tuesday. Interpublic Group of Companies has a 1-year low of $27.53 and a 1-year high of $35.17. The company’s 50-day moving average is $31.41 and its 200 day moving average is $30.76. The firm has a market capitalization of $11.93 billion, a P/E ratio of 11.25, a price-to-earnings-growth ratio of 5.18 and a beta of 1.09. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.07 and a quick ratio of 1.06.
Interpublic Group of Companies Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Tuesday, September 17th. Investors of record on Tuesday, September 3rd were paid a dividend of $0.33 per share. The ex-dividend date was Tuesday, September 3rd. This represents a $1.32 dividend on an annualized basis and a dividend yield of 4.18%. Interpublic Group of Companies’s dividend payout ratio is presently 46.98%.
Analyst Upgrades and Downgrades
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About Interpublic Group of Companies
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.
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