The Interpublic Group of Companies (NYSE:IPG) Issues Quarterly Earnings Results, Beats Estimates By $0.28 EPS

The Interpublic Group of Companies (NYSE:IPG) issued its quarterly earnings results on Tuesday. The business services provider reported $0.70 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.42 by $0.28, MarketWatch Earnings reports. The Interpublic Group of Companies had a return on equity of 29.27% and a net margin of 4.89%. The firm had revenue of $2.27 billion during the quarter, compared to analyst estimates of $2.06 billion. During the same quarter in the previous year, the company posted $0.23 earnings per share. The company’s revenue was up 22.5% compared to the same quarter last year.

Shares of NYSE IPG traded down $0.68 during midday trading on Thursday, hitting $34.13. 389,048 shares of the stock traded hands, compared to its average volume of 3,449,248. The stock has a 50-day moving average price of $32.84. The stock has a market capitalization of $13.43 billion, a price-to-earnings ratio of 31.06, a P/E/G ratio of 1.36 and a beta of 1.04. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.99. The Interpublic Group of Companies has a one year low of $15.92 and a one year high of $35.64.

The company also recently declared a quarterly dividend, which was paid on Monday, June 21st. Stockholders of record on Monday, June 7th were issued a dividend of $0.27 per share. The ex-dividend date was Friday, June 4th. This represents a $1.08 annualized dividend and a dividend yield of 3.16%. The Interpublic Group of Companies’s payout ratio is 62.43%.

A number of brokerages recently issued reports on IPG. Barclays restated an “overweight” rating on shares of The Interpublic Group of Companies in a report on Friday, July 2nd. Macquarie upped their target price on The Interpublic Group of Companies from $37.00 to $41.00 and gave the stock an “outperform” rating in a report on Thursday. BMO Capital Markets upped their target price on The Interpublic Group of Companies from $34.00 to $38.00 and gave the stock a “market perform” rating in a report on Thursday. Morgan Stanley upped their target price on The Interpublic Group of Companies from $33.00 to $36.00 and gave the stock an “equal weight” rating in a report on Thursday. Finally, Wells Fargo & Company upped their target price on The Interpublic Group of Companies from $36.00 to $40.00 and gave the stock an “equal weight” rating in a report on Thursday. Four investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $32.27.

In related news, Director Mary Guilfoile sold 12,075 shares of the firm’s stock in a transaction on Thursday, May 27th. The stock was sold at an average price of $33.45, for a total value of $403,908.75. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Chairman Michael Isor Roth sold 100,000 shares of the firm’s stock in a transaction on Tuesday, May 4th. The stock was sold at an average price of $32.49, for a total value of $3,249,000.00. The disclosure for this sale can be found here. 0.75% of the stock is owned by corporate insiders.

The Interpublic Group of Companies Company Profile

The Interpublic Group of Companies, Inc provides advertising and marketing services worldwide. It operates in two segments, Integrated Agency Networks (IAN) and IPG DXTRA. The company offers consumer advertising, digital marketing, communications planning and media buying, public relations, and specialized communications disciplines, as well as data management services.

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

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