Interpublic Group of Companies, Inc. (The) (IPG) Set to Announce Earnings on Thursday

Interpublic Group of Companies, Inc. (The) (NYSE:IPG) is scheduled to be posting its quarterly earnings results before the market opens on Thursday, October 19th. Analysts expect Interpublic Group of Companies, Inc. (The) to post earnings of $0.33 per share for the quarter.

Interpublic Group of Companies, Inc. (The) (NYSE:IPG) last issued its quarterly earnings data on Tuesday, July 25th. The business services provider reported $0.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.34 by ($0.07). The firm had revenue of $1.88 billion for the quarter, compared to analyst estimates of $1.95 billion. Interpublic Group of Companies, Inc. (The) had a return on equity of 27.72% and a net margin of 7.19%. The business’s revenue for the quarter was down 1.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.33 earnings per share. On average, analysts expect Interpublic Group of Companies, Inc. (The) to post $1.43 EPS for the current fiscal year and $1.60 EPS for the next fiscal year.

Interpublic Group of Companies, Inc. (NYSE:IPG) opened at 20.55 on Thursday. The company’s 50-day moving average price is $20.54 and its 200 day moving average price is $23.02. The firm has a market capitalization of $8.08 billion, a PE ratio of 14.79 and a beta of 1.53. Interpublic Group of Companies, Inc. has a one year low of $19.57 and a one year high of $25.71.

The company also recently declared a quarterly dividend, which was paid on Friday, September 15th. Shareholders of record on Friday, September 1st were paid a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 3.50%. The ex-dividend date of this dividend was Wednesday, August 30th. Interpublic Group of Companies, Inc. (The)’s payout ratio is currently 51.80%.

In related news, SVP Ellen Tobi Johnson sold 20,000 shares of the stock in a transaction on Monday, August 21st. The stock was sold at an average price of $20.50, for a total transaction of $410,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.49% of the stock is currently owned by company insiders.

A number of equities research analysts have recently commented on IPG shares. Credit Suisse Group set a $26.00 price objective on Interpublic Group of Companies, Inc. (The) and gave the company a “buy” rating in a research report on Wednesday. Zacks Investment Research upgraded Interpublic Group of Companies, Inc. (The) from a “hold” rating to a “buy” rating and set a $24.00 price objective for the company in a research report on Tuesday. Royal Bank Of Canada reiterated a “hold” rating on shares of Interpublic Group of Companies, Inc. (The) in a research report on Friday, September 29th. BMO Capital Markets reiterated a “buy” rating and set a $26.00 price objective on shares of Interpublic Group of Companies, Inc. (The) in a research report on Wednesday, September 13th. Finally, Citigroup Inc. upgraded Interpublic Group of Companies, Inc. (The) from a “neutral” rating to a “buy” rating in a research report on Wednesday, September 6th. Two analysts have rated the stock with a sell rating, five have given a hold rating and twelve have assigned a buy rating to the company. Interpublic Group of Companies, Inc. (The) currently has a consensus rating of “Buy” and an average target price of $25.71.

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Interpublic Group of Companies, Inc. (The) Company Profile

The Interpublic Group of Companies, Inc is a global advertising and marketing services company. The Company specializes in consumer advertising, digital marketing, communications planning and media buying, public relations and specialized communications disciplines. It operates in two segments: Integrated Agency Networks (IAN) and Constituency Management Group (CMG).

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

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