Interpublic Group of Companies Inc (NYSE:IPG) announced a quarterly dividend on Wednesday, August 14th, NASDAQ reports. Investors of record on Tuesday, September 3rd will be given a dividend of 0.235 per share by the business services provider on Tuesday, September 17th. This represents a $0.94 dividend on an annualized basis and a dividend yield of 4.80%. The ex-dividend date of this dividend is Friday, August 30th.
Interpublic Group of Companies has increased its dividend by an average of 20.5% per year over the last three years and has raised its dividend every year for the last 6 years. Interpublic Group of Companies has a dividend payout ratio of 54.7% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Interpublic Group of Companies to earn $2.03 per share next year, which means the company should continue to be able to cover its $0.94 annual dividend with an expected future payout ratio of 46.3%.
NYSE:IPG opened at $19.57 on Friday. The company has a debt-to-equity ratio of 2.04, a quick ratio of 0.97 and a current ratio of 0.97. The stock’s 50-day simple moving average is $22.49 and its 200 day simple moving average is $22.37. The company has a market cap of $8.06 billion, a P/E ratio of 10.52, a P/E/G ratio of 2.34 and a beta of 1.06. Interpublic Group of Companies has a 52-week low of $19.56 and a 52-week high of $25.10.
Interpublic Group of Companies (NYSE:IPG) last released its earnings results on Tuesday, July 23rd. The business services provider reported $0.46 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.44 by $0.02. The business had revenue of $2.13 billion for the quarter, compared to the consensus estimate of $2.15 billion. Interpublic Group of Companies had a return on equity of 32.03% and a net margin of 6.46%. Interpublic Group of Companies’s quarterly revenue was up 9.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.43 earnings per share. As a group, equities analysts predict that Interpublic Group of Companies will post 1.89 earnings per share for the current fiscal year.
A number of analysts recently issued reports on the company. Zacks Investment Research downgraded Interpublic Group of Companies from a “buy” rating to a “hold” rating and set a $27.00 target price on the stock. in a research report on Wednesday, July 3rd. Bank of America raised Interpublic Group of Companies from an “underperform” rating to a “neutral” rating in a research report on Wednesday, July 10th. ValuEngine downgraded Interpublic Group of Companies from a “hold” rating to a “sell” rating in a research report on Thursday, August 1st. Finally, BMO Capital Markets lowered their target price on Interpublic Group of Companies from $28.00 to $27.00 and set an “outperform” rating on the stock in a research report on Wednesday, July 24th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and five have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $25.71.
In other Interpublic Group of Companies news, Director H John Greeniaus sold 44,396 shares of the business’s stock in a transaction that occurred on Tuesday, July 30th. The stock was sold at an average price of $23.02, for a total transaction of $1,021,995.92. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Michael Isor Roth sold 431,594 shares of the business’s stock in a transaction that occurred on Monday, July 29th. The stock was sold at an average price of $23.08, for a total value of $9,961,189.52. The disclosure for this sale can be found here. 1.09% of the stock is owned by 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.
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