Interpublic Group of Companies (NYSE:IPG) Releases Earnings Results, Beats Estimates By $0.05 EPS

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Interpublic Group of Companies (NYSE:IPG) issued its quarterly earnings results on Wednesday. The business services provider reported $0.88 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.83 by $0.05, RTT News reports. The firm had revenue of $2.43 billion for the quarter, compared to the consensus estimate of $2.42 billion. Interpublic Group of Companies had a net margin of 6.42% and a return on equity of 31.19%. The company’s revenue for the quarter was up .8% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.89 EPS.

Shares of Interpublic Group of Companies stock traded down $0.33 on Friday, hitting $24.73. The stock had a trading volume of 61,214 shares, compared to its average volume of 3,449,340. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 1.92. Interpublic Group of Companies has a one year low of $19.56 and a one year high of $25.15. The stock has a market cap of $9.69 billion, a price-to-earnings ratio of 14.89, a PEG ratio of 2.23 and a beta of 1.11. The stock’s 50-day simple moving average is $23.30 and its two-hundred day simple moving average is $21.96.

The company also recently announced a quarterly dividend, which will be paid on Monday, March 16th. Stockholders of record on Monday, March 2nd will be issued a $0.255 dividend. This is a boost from Interpublic Group of Companies’s previous quarterly dividend of $0.24. The ex-dividend date of this dividend is Friday, February 28th. This represents a $1.02 annualized dividend and a dividend yield of 4.12%. Interpublic Group of Companies’s dividend payout ratio (DPR) is currently 50.54%.

IPG has been the topic of a number of research reports. Cfra boosted their target price on shares of Interpublic Group of Companies from $22.00 to $25.00 and gave the company a “hold” rating in a research report on Wednesday. TheStreet raised shares of Interpublic Group of Companies from a “c+” rating to a “b-” rating in a report on Tuesday, November 12th. Finally, ValuEngine raised shares of Interpublic Group of Companies from a “sell” rating to a “hold” rating in a report on Thursday. Five analysts have rated the stock with a hold rating and one has given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $25.50.

In other Interpublic Group of Companies news, Director Linda S. Sanford purchased 3,363 shares of the company’s stock in a transaction that occurred on Tuesday, November 26th. The stock was bought at an average price of $22.27 per share, with a total value of $74,894.01. Following the completion of the purchase, the director now directly owns 3,363 shares of the company’s stock, valued at approximately $74,894.01. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 1.09% of the stock is currently owned by company insiders.

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.

Further Reading: Sell-Side Analysts

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

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