Wall Street analysts expect Interpublic Group of Companies Inc (NYSE:IPG) to report earnings of $0.81 per share for the current fiscal quarter, according to Zacks Investment Research. Two analysts have issued estimates for Interpublic Group of Companies’ earnings, with the lowest EPS estimate coming in at $0.80 and the highest estimate coming in at $0.82. Interpublic Group of Companies reported earnings of $0.79 per share in the same quarter last year, which would indicate a positive year-over-year growth rate of 2.5%. The firm is expected to issue its next quarterly earnings report on Wednesday, February 13th.
According to Zacks, analysts expect that Interpublic Group of Companies will report full-year earnings of $1.74 per share for the current year, with EPS estimates ranging from $1.73 to $1.75. For the next fiscal year, analysts expect that the firm will report earnings of $1.84 per share, with EPS estimates ranging from $1.79 to $1.87. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side research analysts that follow Interpublic Group of Companies.
Interpublic Group of Companies (NYSE:IPG) last issued its quarterly earnings data on Friday, October 19th. The business services provider reported $0.48 earnings per share for the quarter, beating the consensus estimate of $0.46 by $0.02. Interpublic Group of Companies had a net margin of 6.62% and a return on equity of 30.99%. The firm had revenue of $1.90 billion for the quarter, compared to analyst estimates of $1.88 billion. During the same quarter last year, the firm earned $0.31 earnings per share. The company’s revenue for the quarter was up 3.5% on a year-over-year basis.
IPG stock traded down $0.31 during midday trading on Monday, hitting $22.64. 3,438,201 shares of the company traded hands, compared to its average volume of 3,681,428. Interpublic Group of Companies has a twelve month low of $18.99 and a twelve month 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 company has a market cap of $8.82 billion, a PE ratio of 16.06, a price-to-earnings-growth 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. Shareholders of record on Monday, December 3rd will be issued a dividend of $0.21 per share. The ex-dividend date is Friday, November 30th. This represents a $0.84 annualized dividend and a yield of 3.71%. Interpublic Group of Companies’s dividend payout ratio (DPR) is presently 59.57%.
In other news, Director H John Greeniaus sold 5,000 shares of the firm’s stock in a transaction on Wednesday, October 31st. The shares were sold at an average price of $23.50, for a total value of $117,500.00. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Jocelyn Carter-Miller sold 8,735 shares of the firm’s stock in a transaction on Monday, November 5th. The stock was sold at an average price of $23.24, for a total transaction of $203,001.40. The disclosure for this sale can be found here. Company insiders own 1.49% of the company’s stock.
Institutional investors have recently made changes to their positions in the company. NuWave Investment Management LLC grew its stake in shares of Interpublic Group of Companies by 117.3% in the third quarter. NuWave Investment Management LLC now owns 5,654 shares of the business services provider’s stock worth $129,000 after acquiring an additional 3,052 shares during the last quarter. Lourd Capital LLC acquired a new stake in shares of Interpublic Group of Companies in the third quarter worth $203,000. Round Table Services LLC acquired a new stake in shares of Interpublic Group of Companies in the third quarter worth $203,000. Bessemer Group Inc. grew its stake in shares of Interpublic Group of Companies by 242.7% in the third quarter. Bessemer Group Inc. now owns 9,647 shares of the business services provider’s stock worth $222,000 after acquiring an additional 6,832 shares during the last quarter. Finally, Fifth Third Bancorp grew its stake in shares of Interpublic Group of Companies by 63.1% in the third quarter. Fifth Third Bancorp now owns 9,779 shares of the business services provider’s stock worth $224,000 after acquiring an additional 3,784 shares during the last quarter. Institutional investors and hedge funds own 99.66% of the company’s stock.
About Interpublic Group of Companies
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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