Zacks: Brokerages Anticipate Interpublic Group of Companies Inc (IPG) Will Announce Quarterly Sales of $2.28 Billion

Brokerages expect Interpublic Group of Companies Inc (NYSE:IPG) to announce $2.28 billion in sales for the current fiscal quarter, according to Zacks Investment Research. Three analysts have issued estimates for Interpublic Group of Companies’ earnings, with estimates ranging from $2.27 billion to $2.30 billion. Interpublic Group of Companies reported sales of $2.26 billion in the same quarter last year, which indicates a positive year over year growth rate of 0.9%. The company is scheduled to announce its next quarterly earnings report on Friday, February 9th.

On average, analysts expect that Interpublic Group of Companies will report full-year sales of $2.28 billion for the current fiscal year, with estimates ranging from $7.74 billion to $7.86 billion. For the next financial year, analysts anticipate that the firm will post sales of $8.05 billion per share, with estimates ranging from $7.94 billion to $8.13 billion. Zacks’ sales averages are a mean average based on a survey of research firms that that provide coverage for Interpublic Group of Companies.

Interpublic Group of Companies (NYSE:IPG) last announced its earnings results on Tuesday, October 24th. The business services provider reported $0.31 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.33 by ($0.02). The business had revenue of $1.90 billion for the quarter, compared to analysts’ expectations of $1.96 billion. Interpublic Group of Companies had a net margin of 7.43% and a return on equity of 27.38%. The firm’s quarterly revenue was down 1.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.31 earnings per share.

IPG has been the topic of a number of recent analyst reports. Morgan Stanley reissued a “hold” rating on shares of Interpublic Group of Companies in a research report on Monday, October 16th. Zacks Investment Research raised shares of Interpublic Group of Companies from a “sell” rating to a “hold” rating in a research report on Tuesday, September 26th. TheStreet lowered shares of Interpublic Group of Companies from a “b-” rating to a “c+” rating in a research report on Wednesday, November 22nd. Wells Fargo & Co reissued a “buy” rating on shares of Interpublic Group of Companies in a research report on Tuesday, October 24th. Finally, Pivotal Research reissued a “buy” rating and issued a $23.00 price objective on shares of Interpublic Group of Companies in a research report on Tuesday, October 24th. Three research analysts have rated the stock with a sell rating, five have assigned a hold rating and nine have issued a buy rating to the stock. Interpublic Group of Companies presently has a consensus rating of “Hold” and an average target price of $25.77.

In other Interpublic Group of Companies news, Director H John Greeniaus sold 43,479 shares of the company’s stock in a transaction dated Friday, November 10th. The shares were sold at an average price of $19.00, for a total value of $826,101.00. The sale was disclosed in a filing with the SEC, which is available through this link. 1.49% of the stock is owned by corporate insiders.

Hedge funds have recently modified their holdings of the business. Acrospire Investment Management LLC grew its stake in Interpublic Group of Companies by 755.0% in the 2nd quarter. Acrospire Investment Management LLC now owns 4,506 shares of the business services provider’s stock worth $111,000 after acquiring an additional 3,979 shares in the last quarter. Capstone Investment Advisors Netherlands B.V. boosted its stake in shares of Interpublic Group of Companies by 35.6% during the second quarter. Capstone Investment Advisors Netherlands B.V. now owns 4,775 shares of the business services provider’s stock valued at $117,000 after purchasing an additional 1,254 shares in the last quarter. Franklin Resources Inc. bought a new position in shares of Interpublic Group of Companies during the second quarter valued at approximately $205,000. Ameritas Investment Partners Inc. boosted its stake in shares of Interpublic Group of Companies by 1.0% during the second quarter. Ameritas Investment Partners Inc. now owns 9,123 shares of the business services provider’s stock valued at $224,000 after purchasing an additional 90 shares in the last quarter. Finally, Cubist Systematic Strategies LLC boosted its stake in shares of Interpublic Group of Companies by 98.9% during the second quarter. Cubist Systematic Strategies LLC now owns 9,589 shares of the business services provider’s stock valued at $236,000 after purchasing an additional 4,768 shares in the last quarter. Institutional investors and hedge funds own 99.88% of the company’s stock.

Shares of Interpublic Group of Companies (NYSE IPG) traded down $0.52 during midday trading on Wednesday, hitting $21.22. 7,542,000 shares of the stock traded hands, compared to its average volume of 5,740,650. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.93 and a quick ratio of 0.93. The stock has a market cap of $8,448.35, a PE ratio of 14.74, a price-to-earnings-growth ratio of 1.31 and a beta of 1.47. Interpublic Group of Companies has a 52-week low of $18.30 and a 52-week high of $25.71.

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Interpublic Group of Companies Company Profile

The Interpublic Group of Companies, Inc is a global advertising and marketing services company. The Company specializes in consumer advertising, digital marketing, communications planning and media buying, public relations and specialized communications disciplines. It operates in two segments: Integrated Agency Networks (IAN) and Constituency Management Group (CMG).

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Earnings History and Estimates for Interpublic Group of Companies (NYSE:IPG)

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