What is Zacks Research’s Forecast for IPG FY2024 Earnings?

The Interpublic Group of Companies, Inc. (NYSE:IPG) – Investment analysts at Zacks Research boosted their FY2024 earnings per share (EPS) estimates for Interpublic Group of Companies in a research note issued on Tuesday, November 12th. Zacks Research analyst R. Department now expects that the business services provider will earn $2.79 per share for the year, up from their previous forecast of $2.73. The consensus estimate for Interpublic Group of Companies’ current full-year earnings is $2.81 per share. Zacks Research also issued estimates for Interpublic Group of Companies’ Q4 2024 earnings at $1.12 EPS, Q4 2025 earnings at $0.67 EPS, FY2025 earnings at $2.75 EPS, Q1 2026 earnings at $0.72 EPS, Q2 2026 earnings at $0.73 EPS, Q3 2026 earnings at $0.66 EPS and FY2026 earnings at $2.87 EPS.

Interpublic Group of Companies (NYSE:IPG) last announced its earnings results on Tuesday, October 22nd. The business services provider reported $0.70 EPS for the quarter, meeting the consensus estimate of $0.70. The business had revenue of $2.24 billion during the quarter, compared to the consensus estimate of $2.30 billion. Interpublic Group of Companies had a return on equity of 27.76% and a net margin of 7.44%. Interpublic Group of Companies’s revenue was down 2.9% compared to the same quarter last year. During the same period in the prior year, the business posted $0.70 earnings per share.

Several other brokerages also recently commented on IPG. Morgan Stanley downgraded shares of Interpublic Group of Companies from an “equal weight” rating to an “underweight” rating and dropped their target price for the stock from $34.00 to $28.00 in a report on Monday, July 22nd. Barclays dropped their price objective on shares of Interpublic Group of Companies from $32.50 to $32.00 and set an “equal weight” rating for the company in a research note on Wednesday, October 23rd. UBS Group downgraded Interpublic Group of Companies from a “neutral” rating to a “sell” rating and cut their target price for the stock from $34.00 to $29.00 in a research report on Thursday, September 12th. Wells Fargo & Company reissued an “underweight” rating and issued a $26.00 target price (down from $28.00) on shares of Interpublic Group of Companies in a report on Tuesday, October 22nd. Finally, Macquarie reiterated a “neutral” rating and set a $31.00 price target on shares of Interpublic Group of Companies in a research report on Tuesday, October 22nd. Four investment analysts have rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $30.57.

Interpublic Group of Companies Stock Up 0.1 %

Shares of Interpublic Group of Companies stock opened at $29.29 on Thursday. The firm has a market cap of $10.91 billion, a price-to-earnings ratio of 13.82 and a beta of 1.10. The stock has a 50-day simple moving average of $30.79 and a 200-day simple moving average of $30.64. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.09 and a quick ratio of 1.09. Interpublic Group of Companies has a 52-week low of $28.00 and a 52-week high of $35.17.

Interpublic Group of Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 2nd will be issued a $0.33 dividend. This represents a $1.32 annualized dividend and a dividend yield of 4.51%. The ex-dividend date of this dividend is Monday, December 2nd. Interpublic Group of Companies’s payout ratio is 62.26%.

Institutional Investors Weigh In On Interpublic Group of Companies

Several large investors have recently made changes to their positions in IPG. Catalyst Capital Advisors LLC acquired a new stake in shares of Interpublic Group of Companies in the third quarter valued at approximately $26,000. Benjamin Edwards Inc. lifted its holdings in Interpublic Group of Companies by 73.8% during the 2nd quarter. Benjamin Edwards Inc. now owns 883 shares of the business services provider’s stock valued at $26,000 after purchasing an additional 375 shares during the last quarter. Ashton Thomas Securities LLC bought a new position in Interpublic Group of Companies during the third quarter worth $32,000. Hazlett Burt & Watson Inc. increased its holdings in shares of Interpublic Group of Companies by 652.2% in the second quarter. Hazlett Burt & Watson Inc. now owns 1,038 shares of the business services provider’s stock valued at $30,000 after purchasing an additional 900 shares during the last quarter. Finally, International Assets Investment Management LLC bought a new position in shares of Interpublic Group of Companies in the second quarter valued at about $32,000. Institutional investors and hedge funds own 98.43% of the company’s stock.

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.