Interpublic Group of Companies (NYSE:IPG) Releases Earnings Results, Beats Estimates By $0.02 EPS

Interpublic Group of Companies (NYSE:IPG) 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

A number of analysts have issued reports on IPG shares. Barclays lowered their target price on Interpublic Group of Companies from $35.00 to $34.00 and set an “equal weight” rating on the stock in a report on Thursday. Morgan Stanley lowered Interpublic Group of Companies from an “equal weight” rating to an “underweight” rating and decreased their price objective for the stock from $34.00 to $28.00 in a report on Monday. Bank of America decreased their price objective on Interpublic Group of Companies from $38.00 to $37.00 and set a “buy” rating on the stock in a report on Tuesday, June 25th. Wells Fargo & Company decreased their price objective on Interpublic Group of Companies from $32.00 to $31.00 and set an “equal weight” rating on the stock in a report on Thursday, April 25th. Finally, Macquarie decreased their price objective on Interpublic Group of Companies from $33.00 to $31.00 and set a “neutral” rating on the stock in a report on Thursday. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $34.13.

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.