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

by · The Cerbat Gem

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

IPG has been the subject of a number of analyst reports. Morgan Stanley cut Interpublic Group of Companies from an “equal weight” rating to an “underweight” rating and reduced their price target for the stock from $34.00 to $28.00 in a research report on Monday, July 22nd. BNP Paribas downgraded shares of Interpublic Group of Companies from a “neutral” rating to an “underperform” rating in a report on Monday, September 30th. Bank of America decreased their price objective on shares of Interpublic Group of Companies from $36.00 to $35.00 and set a “buy” rating on the stock in a research report on Thursday, September 5th. Barclays dropped their target price on shares of Interpublic Group of Companies from $34.00 to $32.50 and set an “equal weight” rating for the company in a report on Wednesday, October 2nd. Finally, UBS Group cut Interpublic Group of Companies from a “neutral” rating to a “sell” rating and decreased their price target for the company from $34.00 to $29.00 in a report on Thursday, September 12th. Three investment analysts have rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $32.44.

Get Our Latest Stock Analysis on Interpublic Group of Companies

About Interpublic Group of Companies

(Get Free Report)

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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