The Interpublic Group of Companies (NYSE:IPG) Issues Earnings Results

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

Shares of IPG stock traded down $0.68 during mid-day trading on Thursday, hitting $34.13. The stock had a trading volume of 389,048 shares, compared to its average volume of 3,449,248. The Interpublic Group of Companies has a fifty-two week low of $15.92 and a fifty-two week high of $35.64. The firm has a market cap of $13.43 billion, a price-to-earnings ratio of 31.06, a PEG ratio of 1.36 and a beta of 1.04. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.99. The company has a 50-day simple moving average of $32.84.

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

In related news, Director Mary Guilfoile sold 12,075 shares of the firm’s stock in a transaction dated Thursday, May 27th. The shares were 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 Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman Michael Isor Roth sold 100,000 shares of the firm’s stock in a transaction dated Tuesday, May 4th. The shares were sold at an average price of $32.49, for a total transaction of $3,249,000.00. The disclosure for this sale can be found here. 0.75% of the stock is currently owned by company insiders.

IPG has been the topic of a number of research reports. Bank of America upgraded shares of The Interpublic Group of Companies from an “underperform” rating to a “neutral” rating and increased their target price for the stock from $27.00 to $37.00 in a report on Thursday. BMO Capital Markets increased their target price on shares of The Interpublic Group of Companies from $34.00 to $38.00 and gave the stock a “market perform” rating in a report on Thursday. Macquarie raised their price objective on shares of The Interpublic Group of Companies from $37.00 to $41.00 and gave the company an “outperform” rating in a report on Thursday. Morgan Stanley raised their price objective on shares of The Interpublic Group of Companies from $33.00 to $36.00 and gave the company an “equal weight” rating in a report on Thursday. Finally, Wells Fargo & Company raised their price objective on shares of The Interpublic Group of Companies from $36.00 to $40.00 and gave the company an “equal weight” rating in a report on Thursday. Four equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $32.27.

About The Interpublic Group of Companies

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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