Interpublic Group of Companies (NYSE:IPG – Get Free Report) 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
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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.
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