Interpublic Group of Companies (NYSE:IPG) Posts Quarterly Earnings Results

Interpublic Group of Companies (NYSE:IPG) issued its quarterly earnings data on Wednesday. The business services provider reported $0.61 earnings per share for the quarter, beating analysts’ consensus estimates of $0.59 by $0.02, Briefing.com reports. Interpublic Group of Companies had a return on equity of 27.98% and a net margin of 9.46%. The firm had revenue of $2.71 billion during the quarter, compared to analyst estimates of $2.33 billion. During the same quarter last year, the business posted $0.74 earnings per share. The business’s quarterly revenue was up 1.6% compared to the same quarter last year.

Interpublic Group of Companies Price Performance

Shares of IPG stock opened at $30.98 on Friday. Interpublic Group of Companies has a fifty-two week low of $27.20 and a fifty-two week high of $35.24. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.06 and a current ratio of 1.07. The firm has a market capitalization of $11.69 billion, a price-to-earnings ratio of 11.02, a PEG ratio of 3.22 and a beta of 1.12. The stock’s 50-day simple moving average is $29.97 and its 200-day simple moving average is $31.24.

Interpublic Group of Companies Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 18th. Shareholders of record on Tuesday, June 4th were paid a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a yield of 4.26%. The ex-dividend date of this dividend was Tuesday, June 4th. Interpublic Group of Companies’s dividend payout ratio (DPR) is presently 46.98%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on IPG shares. Macquarie decreased their price target on shares of Interpublic Group of Companies from $33.00 to $31.00 and set a “neutral” rating on the stock in a research note on Thursday. Bank of America dropped their price target on Interpublic Group of Companies from $38.00 to $37.00 and set a “buy” rating for the company in a research report on Tuesday, June 25th. Wells Fargo & Company reduced their price objective on Interpublic Group of Companies from $32.00 to $31.00 and set an “equal weight” rating on the stock in a research note on Thursday, April 25th. Barclays dropped their price objective on shares of Interpublic Group of Companies from $35.00 to $34.00 and set an “equal weight” rating for the company in a research note on Thursday. Finally, Morgan Stanley downgraded shares of Interpublic Group of Companies from an “equal weight” rating to an “underweight” rating and reduced their target price for the company from $34.00 to $28.00 in a research note on Monday, July 22nd. One analyst has rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $34.13.

Interpublic Group of Companies Company Profile

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.