Interpublic Group of Companies (NYSE:IPG – Get Free Report) announced its quarterly earnings data on Wednesday. The business services provider reported $0.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.59 by $0.02, Briefing.com reports. Interpublic Group of Companies had a return on equity of 29.70% and a net margin of 9.97%. The firm had revenue of $2.71 billion during the quarter, compared to the consensus estimate of $2.33 billion. During the same period in the prior year, the business earned $0.74 EPS. The business’s revenue for the quarter was up 1.6% on a year-over-year basis.
Interpublic Group of Companies Stock Up 3.3 %
Shares of IPG stock traded up $0.97 on Thursday, hitting $30.54. 2,483,821 shares of the stock were exchanged, compared to its average volume of 3,938,440. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.75. The firm has a market capitalization of $11.53 billion, a P/E ratio of 10.52, a price-to-earnings-growth ratio of 3.18 and a beta of 1.12. The business has a 50-day moving average of $30.02 and a 200 day moving average of $31.26. Interpublic Group of Companies has a fifty-two week low of $27.20 and a fifty-two week high of $35.24.
Interpublic Group of Companies Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 18th. Shareholders of record on Tuesday, June 4th were paid a $0.33 dividend. The ex-dividend date of this dividend was Tuesday, June 4th. This represents a $1.32 dividend on an annualized basis and a yield of 4.32%. Interpublic Group of Companies’s payout ratio is 46.98%.
Analysts Set New Price Targets
View Our Latest Stock Report on IPG
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.
Read More
- Five stocks we like better than Interpublic Group of Companies
- What is an Earnings Surprise?
- Viking Therapeutics: Pharma Stock Soars on Positive Earnings
- What Investors Need to Know About Upcoming IPOs
- Top 3 Small Cap Stocks Emerging as Rotation Winners
- Upcoming IPO Stock Lockup Period, Explained
- Bargain Alert: 3 Stocks Worth Watching While The Market Cools
Receive News & Ratings for Interpublic Group of Companies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Interpublic Group of Companies and related companies with MarketBeat.com's FREE daily email newsletter.