Interpublic Group of Companies (NYSE:IPG) Announces Quarterly Earnings Results, Meets Estimates

Interpublic Group of Companies (NYSE:IPG) posted its quarterly earnings results on Tuesday. The business services provider reported $0.70 EPS for the quarter, hitting analysts’ consensus estimates of $0.70, RTT News reports. Interpublic Group of Companies had a net margin of 9.46% and a return on equity of 27.98%. The business had revenue of $2.24 billion during the quarter, compared to analysts’ expectations of $2.30 billion. During the same period last year, the company posted $0.70 earnings per share. The business’s quarterly revenue was down 2.9% on a year-over-year basis.

Interpublic Group of Companies Trading Up 0.6 %

Shares of Interpublic Group of Companies stock traded up $0.19 during trading on Friday, reaching $30.08. The company’s stock had a trading volume of 434,313 shares, compared to its average volume of 3,928,833. The company has a quick ratio of 1.06, a current ratio of 1.07 and a debt-to-equity ratio of 0.75. The company has a market cap of $11.35 billion, a price-to-earnings ratio of 10.64, a PEG ratio of 5.18 and a beta of 1.09. The firm’s 50-day moving average is $31.36 and its two-hundred day moving average is $30.74. Interpublic Group of Companies has a 52-week low of $27.54 and a 52-week high of $35.17.

Interpublic Group of Companies Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 17th. Investors of record on Tuesday, September 3rd were given a $0.33 dividend. The ex-dividend date of this dividend was Tuesday, September 3rd. This represents a $1.32 annualized dividend and a yield of 4.39%. Interpublic Group of Companies’s dividend payout ratio (DPR) is presently 46.98%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the company. Barclays lowered their price target on Interpublic Group of Companies from $32.50 to $32.00 and set an “equal weight” rating for the company in a research report on Wednesday. Macquarie reiterated a “neutral” rating and issued a $31.00 target price on shares of Interpublic Group of Companies in a report on Tuesday. Bank of America cut their price target on shares of Interpublic Group of Companies from $36.00 to $35.00 and set a “buy” rating on the stock in a report on Thursday, September 5th. Wells Fargo & Company restated an “underweight” rating and issued a $26.00 price objective (down previously from $28.00) on shares of Interpublic Group of Companies in a research note on Tuesday. Finally, JPMorgan Chase & Co. cut Interpublic Group of Companies from an “overweight” rating to a “neutral” rating and reduced their price target for the company from $36.00 to $33.00 in a research report on Tuesday, October 1st. Five investment analysts have rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $30.57.

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.