Interpublic Group of Companies (NYSE:IPG) Announces Earnings Results

Interpublic Group of Companies (NYSE:IPG) released its earnings results on Tuesday. The business services provider reported $0.70 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.70, RTT News reports. Interpublic Group of Companies had a net margin of 9.46% and a return on equity of 27.98%. The business had revenue of $2.24 billion during the quarter, compared to the consensus estimate of $2.30 billion. During the same quarter last year, the firm earned $0.70 earnings per share. The firm’s revenue for the quarter was down 2.9% compared to the same quarter last year.

Interpublic Group of Companies Trading Down 5.8 %

IPG opened at $29.78 on Wednesday. The company has a market cap of $11.24 billion, a P/E ratio of 10.60, a PEG ratio of 5.18 and a beta of 1.09. The company has a current ratio of 1.07, a quick ratio of 1.06 and a debt-to-equity ratio of 0.75. The company’s 50 day moving average is $31.39 and its 200-day moving average is $30.75. Interpublic Group of Companies has a 1-year low of $27.53 and a 1-year high of $35.17.

Interpublic Group of Companies Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 17th. Shareholders of record on Tuesday, September 3rd were paid a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a yield of 4.43%. The ex-dividend date was Tuesday, September 3rd. Interpublic Group of Companies’s payout ratio is 46.98%.

Wall Street Analysts Forecast Growth

IPG has been the subject of several research reports. BNP Paribas downgraded Interpublic Group of Companies from a “neutral” rating to an “underperform” rating in a report on Monday, September 30th. Morgan Stanley downgraded shares of Interpublic Group of Companies from an “equal weight” rating to an “underweight” rating and reduced their target price for the stock from $34.00 to $28.00 in a report on Monday, July 22nd. Macquarie reiterated a “neutral” rating and set a $31.00 target price on shares of Interpublic Group of Companies in a research report on Tuesday. UBS Group downgraded Interpublic Group of Companies from a “neutral” rating to a “sell” rating and dropped their price target for the company from $34.00 to $29.00 in a research note on Thursday, September 12th. Finally, Wells Fargo & Company reiterated an “underweight” rating and set a $26.00 price objective (down from $28.00) on shares of Interpublic Group of Companies in a research note on Tuesday. Four research analysts have rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $31.81.

Interpublic Group of Companies Company Profile

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.