Interpublic Group of Companies (IPG) to Release Quarterly Earnings on Wednesday

Interpublic Group of Companies (NYSE:IPG) will be announcing its earnings results before the market opens on Wednesday, July 24th. Analysts expect the company to announce earnings of $0.61 per share for the quarter. Persons interested in registering for the company’s earnings conference call can do so using this link.

Interpublic Group of Companies (NYSE:IPG) last posted its quarterly earnings results on Wednesday, April 24th. The business services provider reported $0.36 EPS for the quarter, topping analysts’ consensus estimates of $0.35 by $0.01. Interpublic Group of Companies had a return on equity of 29.70% and a net margin of 9.97%. The company had revenue of $2.50 billion during the quarter, compared to analysts’ expectations of $2.18 billion. During the same quarter in the previous year, the firm earned $0.38 EPS. Interpublic Group of Companies’s revenue was down 1.0% on a year-over-year basis. On average, analysts expect Interpublic Group of Companies to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Interpublic Group of Companies Stock Performance

NYSE:IPG opened at $29.67 on Tuesday. Interpublic Group of Companies has a twelve month low of $27.20 and a twelve month high of $35.24. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.75. The stock’s 50-day simple moving average is $30.10 and its 200 day simple moving average is $31.29. The firm has a market capitalization of $11.20 billion, a PE ratio of 10.56, a price-to-earnings-growth ratio of 3.15 and a beta of 1.12.

Interpublic Group of Companies Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 18th. Stockholders of record on Tuesday, June 4th were issued a $0.33 dividend. The ex-dividend date was Tuesday, June 4th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 4.45%. Interpublic Group of Companies’s dividend payout ratio (DPR) is currently 46.98%.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on IPG shares. JPMorgan Chase & Co. lowered their price objective on shares of Interpublic Group of Companies from $37.00 to $36.00 and set an “overweight” rating for the company in a research report on Friday, July 12th. Bank of America decreased their target price on shares of Interpublic Group of Companies from $38.00 to $37.00 and set a “buy” rating on the stock in a research note on Tuesday, June 25th. Wells Fargo & Company dropped their price target on Interpublic Group of Companies from $32.00 to $31.00 and set an “equal weight” rating for the company in a research note on Thursday, April 25th. Finally, Morgan Stanley downgraded Interpublic Group of Companies from an “equal weight” rating to an “underweight” rating and cut their price objective for the company from $34.00 to $28.00 in a report on Monday. One investment analyst has rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $34.25.

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.