$0.81 EPS Expected for Interpublic Group of Companies Inc (IPG) This Quarter

Wall Street brokerages expect Interpublic Group of Companies Inc (NYSE:IPG) to announce earnings of $0.81 per share for the current quarter, according to Zacks. Two analysts have made estimates for Interpublic Group of Companies’ earnings. The lowest EPS estimate is $0.80 and the highest is $0.82. Interpublic Group of Companies reported earnings of $0.79 per share during the same quarter last year, which suggests a positive year-over-year growth rate of 2.5%. The firm is expected to report its next earnings report on Wednesday, February 13th.

On average, analysts expect that Interpublic Group of Companies will report full-year earnings of $1.74 per share for the current financial year, with EPS estimates ranging from $1.73 to $1.75. For the next financial year, analysts expect that the company will post earnings of $1.84 per share, with EPS estimates ranging from $1.79 to $1.87. Zacks’ EPS calculations are an average based on a survey of sell-side research firms that cover Interpublic Group of Companies.

Interpublic Group of Companies (NYSE:IPG) last issued its earnings results on Friday, October 19th. The business services provider reported $0.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.46 by $0.02. Interpublic Group of Companies had a return on equity of 30.99% and a net margin of 6.62%. The business had revenue of $1.90 billion during the quarter, compared to analysts’ expectations of $1.88 billion. During the same quarter in the prior year, the firm earned $0.31 EPS. The business’s revenue for the quarter was up 3.5% compared to the same quarter last year.

A number of equities analysts have issued reports on IPG shares. Citigroup upped their target price on Interpublic Group of Companies from $27.00 to $28.00 and gave the stock a “buy” rating in a report on Friday, October 19th. Macquarie raised Interpublic Group of Companies from a “neutral” rating to an “outperform” rating and upped their target price for the stock from $24.00 to $25.00 in a report on Thursday, September 20th. Zacks Investment Research raised Interpublic Group of Companies from a “hold” rating to a “buy” rating and set a $27.00 target price for the company in a report on Monday, November 19th. JPMorgan Chase & Co. started coverage on Interpublic Group of Companies in a report on Thursday, October 11th. They issued an “overweight” rating for the company. Finally, BMO Capital Markets upped their target price on Interpublic Group of Companies from $27.00 to $28.00 and gave the stock an “outperform” rating in a report on Wednesday, October 24th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and six have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $25.44.

IPG traded down $0.31 on Monday, reaching $22.64. The stock had a trading volume of 3,438,201 shares, compared to its average volume of 3,681,428. Interpublic Group of Companies has a fifty-two week low of $18.99 and a fifty-two week high of $26.01. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 1.50. The stock has a market cap of $8.82 billion, a PE ratio of 16.06, a PEG ratio of 1.78 and a beta of 1.07.

The business also recently declared a quarterly dividend, which will be paid on Monday, December 17th. Stockholders of record on Monday, December 3rd will be paid a $0.21 dividend. The ex-dividend date of this dividend is Friday, November 30th. This represents a $0.84 annualized dividend and a dividend yield of 3.71%. Interpublic Group of Companies’s payout ratio is 59.57%.

In other news, Director Jocelyn Carter-Miller sold 8,735 shares of the stock in a transaction dated Monday, November 5th. The stock was sold at an average price of $23.24, for a total value of $203,001.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director H John Greeniaus sold 5,000 shares of the stock in a transaction dated Wednesday, October 31st. The shares were sold at an average price of $23.50, for a total value of $117,500.00. The disclosure for this sale can be found here. Corporate insiders own 1.49% of the company’s stock.

Several hedge funds have recently modified their holdings of the company. Blair William & Co. IL increased its stake in shares of Interpublic Group of Companies by 5.9% in the third quarter. Blair William & Co. IL now owns 38,183 shares of the business services provider’s stock valued at $873,000 after buying an additional 2,114 shares during the period. BancorpSouth Bank increased its stake in shares of Interpublic Group of Companies by 12.4% in the second quarter. BancorpSouth Bank now owns 20,613 shares of the business services provider’s stock valued at $483,000 after buying an additional 2,271 shares during the period. Pacer Advisors Inc. increased its stake in shares of Interpublic Group of Companies by 14.9% in the third quarter. Pacer Advisors Inc. now owns 19,348 shares of the business services provider’s stock valued at $442,000 after buying an additional 2,515 shares during the period. Commonwealth Bank of Australia increased its stake in shares of Interpublic Group of Companies by 5.4% in the second quarter. Commonwealth Bank of Australia now owns 49,566 shares of the business services provider’s stock valued at $1,157,000 after buying an additional 2,554 shares during the period. Finally, Macquarie Group Ltd. increased its stake in shares of Interpublic Group of Companies by 0.6% in the second quarter. Macquarie Group Ltd. now owns 476,222 shares of the business services provider’s stock valued at $11,163,000 after buying an additional 2,754 shares during the period. 99.66% of the stock is owned by institutional investors.

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

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