Interpublic Group of Companies (IPG) Scheduled to Post Earnings on Friday

Interpublic Group of Companies (NYSE:IPG) will be releasing its earnings data before the market opens on Friday, April 27th. Analysts expect Interpublic Group of Companies to post earnings of $0.05 per share for the quarter.

Interpublic Group of Companies (NYSE:IPG) last posted its earnings results on Wednesday, February 14th. The business services provider reported $0.79 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.77 by $0.02. Interpublic Group of Companies had a return on equity of 27.07% and a net margin of 7.35%. The company had revenue of $2.34 billion during the quarter, compared to the consensus estimate of $2.30 billion. During the same quarter last year, the firm earned $0.81 earnings per share. The company’s revenue was up 3.4% on a year-over-year basis. On average, analysts expect Interpublic Group of Companies to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

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IPG opened at $24.35 on Thursday. Interpublic Group of Companies has a fifty-two week low of $18.30 and a fifty-two week high of $26.01. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.97 and a quick ratio of 0.97. The firm has a market cap of $9,269.56, a PE ratio of 17.27, a PEG ratio of 2.12 and a beta of 1.31.

Interpublic Group of Companies announced that its board has authorized a share buyback program on Wednesday, February 14th that permits the company to buyback $300.00 million in shares. This buyback authorization permits the business services provider to reacquire shares of its stock through open market purchases. Shares buyback programs are typically a sign that the company’s board believes its shares are undervalued.

In other Interpublic Group of Companies news, CFO Frank Mergenthaler sold 50,000 shares of Interpublic Group of Companies stock in a transaction dated Monday, March 12th. The stock was sold at an average price of $23.82, for a total value of $1,191,000.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director H John Greeniaus sold 14,600 shares of Interpublic Group of Companies stock in a transaction dated Friday, March 9th. The shares were sold at an average price of $23.84, for a total value of $348,064.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 448,258 shares of company stock worth $10,563,009. Company insiders own 1.32% of the company’s stock.

A number of research firms have recently weighed in on IPG. Morgan Stanley lifted their target price on Interpublic Group of Companies to $23.00 and gave the stock an “equal weight” rating in a report on Wednesday, January 31st. BMO Capital Markets raised their price target on Interpublic Group of Companies from $25.00 to $27.00 and gave the stock an “outperform” rating in a research report on Thursday, February 15th. Pivotal Research restated a “buy” rating and issued a $26.00 price target on shares of Interpublic Group of Companies in a research report on Tuesday, January 23rd. Wells Fargo cut Interpublic Group of Companies from an “outperform” rating to a “market perform” rating and set a $23.00 price target on the stock. in a research report on Thursday, January 18th. Finally, Zacks Investment Research upgraded Interpublic Group of Companies from a “hold” rating to a “buy” rating and set a $25.00 price target on the stock in a research report on Tuesday, February 13th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and five have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $25.36.

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Interpublic Group of Companies Company Profile

The Interpublic Group of Companies, Inc provides advertising and marketing services worldwide. The company operates through two segments, Integrated Agency Networks and Constituency Management Group. It offers consumer advertising, digital marketing, communications planning and media buying, public relations, and specialized communications disciplines.

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

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