The Interpublic Group of Companies, Inc. Announces Quarterly Dividend of $0.33 (NYSE:IPG)

The Interpublic Group of Companies, Inc. (NYSE:IPG) declared a quarterly dividend on Tuesday, July 30th, Wall Street Journal reports. Investors of record on Tuesday, September 3rd will be given a dividend of 0.33 per share by the business services provider on Tuesday, September 17th. This represents a $1.32 annualized dividend and a yield of 4.10%. The ex-dividend date is Tuesday, September 3rd.

Interpublic Group of Companies has increased its dividend payment by an average of 6.7% annually over the last three years and has increased its dividend every year for the last 13 years. Interpublic Group of Companies has a payout ratio of 44.7% meaning its dividend is sufficiently covered by earnings. Analysts expect Interpublic Group of Companies to earn $2.97 per share next year, which means the company should continue to be able to cover its $1.32 annual dividend with an expected future payout ratio of 44.4%.

Interpublic Group of Companies Price Performance

Shares of IPG stock opened at $32.17 on Thursday. The company has a quick ratio of 1.06, a current ratio of 1.07 and a debt-to-equity ratio of 0.75. Interpublic Group of Companies has a 12-month low of $27.20 and a 12-month high of $35.24. The firm has a fifty day moving average of $29.97 and a 200-day moving average of $31.22. The firm has a market capitalization of $12.08 billion, a price-to-earnings ratio of 11.45, a price-to-earnings-growth ratio of 3.40 and a beta of 1.12.

Interpublic Group of Companies (NYSE:IPG) last released its quarterly earnings results on Wednesday, July 24th. The business services provider reported $0.61 earnings per share for the quarter, beating the consensus estimate of $0.59 by $0.02. Interpublic Group of Companies had a net margin of 9.46% and a return on equity of 27.98%. The company had revenue of $2.71 billion during the quarter, compared to analysts’ expectations of $2.33 billion. During the same quarter in the prior year, the company earned $0.74 earnings per share. The business’s quarterly revenue was up 1.6% compared to the same quarter last year. On average, equities research analysts forecast that Interpublic Group of Companies will post 2.8 earnings per share for the current year.

Analyst Ratings Changes

Several analysts have issued reports on the company. Barclays dropped their price target on Interpublic Group of Companies from $35.00 to $34.00 and set an “equal weight” rating on the stock in a research note on Thursday, July 25th. JPMorgan Chase & Co. dropped their target price on Interpublic Group of Companies from $37.00 to $36.00 and set an “overweight” rating on the stock in a research report on Friday, July 12th. Bank of America cut their target price on Interpublic Group of Companies from $38.00 to $37.00 and set a “buy” rating on the stock in a research note on Tuesday, June 25th. Macquarie decreased their price target on shares of Interpublic Group of Companies from $33.00 to $31.00 and set a “neutral” rating for the company in a research note on Thursday, July 25th. Finally, Morgan Stanley lowered shares of Interpublic Group of Companies from an “equal weight” rating to an “underweight” rating and cut their price objective for the stock from $34.00 to $28.00 in a research report on Monday, July 22nd. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target 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.