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

Interpublic Group of Companies (NYSE:IPGGet Free Report) issued its earnings results on Thursday. The business services provider reported $1.18 EPS for the quarter, topping the consensus estimate of $1.16 by $0.02, Briefing.com reports. Interpublic Group of Companies had a return on equity of 31.15% and a net margin of 10.09%. The business had revenue of $2.59 billion during the quarter, compared to the consensus estimate of $2.57 billion. During the same quarter last year, the company earned $1.02 EPS. The firm’s revenue was up 1.4% compared to the same quarter last year.

Interpublic Group of Companies Stock Performance

Shares of NYSE IPG opened at $30.78 on Friday. The stock has a market cap of $11.79 billion, a price-to-earnings ratio of 10.80, a P/E/G ratio of 1.67 and a beta of 1.15. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.78. Interpublic Group of Companies has a 1-year low of $27.20 and a 1-year high of $40.95. The stock’s 50-day moving average is $32.35 and its 200 day moving average is $31.24.

Interpublic Group of Companies Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 15th. Stockholders of record on Friday, March 1st will be given a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a dividend yield of 4.29%. The ex-dividend date is Thursday, February 29th. This is an increase from Interpublic Group of Companies’s previous quarterly dividend of $0.31. Interpublic Group of Companies’s dividend payout ratio (DPR) is 43.51%.

Hedge Funds Weigh In On Interpublic Group of Companies

Large investors have recently modified their holdings of the company. Compass Wealth Management LLC purchased a new position in shares of Interpublic Group of Companies during the 4th quarter valued at about $25,000. Clear Street Markets LLC raised its holdings in shares of Interpublic Group of Companies by 94.9% during the 1st quarter. Clear Street Markets LLC now owns 764 shares of the business services provider’s stock valued at $28,000 after buying an additional 372 shares in the last quarter. Resurgent Financial Advisors LLC purchased a new position in shares of Interpublic Group of Companies during the 4th quarter valued at about $34,000. First Manhattan CO. LLC. raised its holdings in shares of Interpublic Group of Companies by 1,176.5% during the 1st quarter. First Manhattan CO. LLC. now owns 1,085 shares of the business services provider’s stock valued at $40,000 after buying an additional 1,000 shares in the last quarter. Finally, Itau Unibanco Holding S.A. purchased a new position in shares of Interpublic Group of Companies during the 2nd quarter valued at about $51,000. 98.43% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the company. UBS Group assumed coverage on Interpublic Group of Companies in a research note on Thursday, January 11th. They issued a “neutral” rating and a $36.00 target price for the company. Wells Fargo & Company raised their target price on Interpublic Group of Companies from $31.00 to $32.00 and gave the stock an “equal weight” rating in a research note on Friday. StockNews.com upgraded Interpublic Group of Companies from a “sell” rating to a “hold” rating in a research note on Tuesday, October 24th. Citigroup cut their target price on Interpublic Group of Companies from $43.00 to $40.00 and set a “buy” rating for the company in a research note on Monday, October 23rd. Finally, JPMorgan Chase & Co. dropped their price target on Interpublic Group of Companies from $38.00 to $37.00 and set an “overweight” rating for the company in a research report on Friday. Six investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $35.78.

Read Our Latest Analysis on IPG

About Interpublic Group of Companies

(Get Free Report)

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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Earnings History for Interpublic Group of Companies (NYSE:IPG)

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