Interpublic Group of Companies (NYSE:IPG – Get Free Report) issued its earnings results on Wednesday. The business services provider reported $0.36 EPS for the quarter, topping the consensus estimate of $0.35 by $0.01, RTT News reports. The firm had revenue of $2.50 billion during the quarter, compared to analysts’ expectations of $2.18 billion. Interpublic Group of Companies had a return on equity of 30.52% and a net margin of 10.09%. Interpublic Group of Companies’s quarterly revenue was down 1.0% compared to the same quarter last year. During the same period last year, the business earned $0.38 earnings per share.
Interpublic Group of Companies Price Performance
Shares of IPG traded up $0.27 during trading hours on Wednesday, hitting $31.26. 1,544,029 shares of the company were exchanged, compared to its average volume of 4,019,325. The company has a market cap of $11.80 billion, a price-to-earnings ratio of 10.87, a P/E/G ratio of 2.13 and a beta of 1.13. Interpublic Group of Companies has a fifty-two week low of $27.20 and a fifty-two week high of $40.95. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.73. The firm’s fifty day moving average is $31.94 and its 200 day moving average is $31.35.
Interpublic Group of Companies Increases Dividend
The business also recently announced a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 1st were issued a dividend of $0.33 per share. This is a positive change from Interpublic Group of Companies’s previous quarterly dividend of $0.31. This represents a $1.32 annualized dividend and a dividend yield of 4.22%. The ex-dividend date was Thursday, February 29th. Interpublic Group of Companies’s dividend payout ratio is 46.32%.
Insider Activity at Interpublic Group of Companies
Wall Street Analyst Weigh In
IPG has been the subject of a number of analyst reports. Wells Fargo & Company lifted their price objective on Interpublic Group of Companies from $31.00 to $32.00 and gave the company an “equal weight” rating in a report on Friday, February 9th. JPMorgan Chase & Co. cut their price objective on Interpublic Group of Companies from $38.00 to $37.00 and set an “overweight” rating for the company in a report on Friday, February 9th. UBS Group initiated coverage on Interpublic Group of Companies in a report on Thursday, January 11th. They set a “neutral” rating and a $36.00 price objective for the company. Finally, Barclays raised their target price on Interpublic Group of Companies from $35.00 to $36.00 and gave the company an “equal weight” rating in a research note on Monday, January 29th. Five research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Interpublic Group of Companies has an average rating of “Hold” and a consensus target price of $35.25.
Get Our Latest Analysis on Interpublic Group of Companies
About Interpublic Group of Companies
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.
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