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

Interpublic Group of Companies (NYSE:IPG) announced its quarterly earnings results on Wednesday. The business services provider reported $1.11 earnings per share for the quarter, missing analysts’ consensus estimates of $1.15 by ($0.04), Zacks reports. Interpublic Group of Companies had a return on equity of 27.76% and a net margin of 7.44%.

Interpublic Group of Companies Stock Performance

Shares of IPG stock traded down $0.65 on Wednesday, reaching $26.52. The stock had a trading volume of 380,951 shares, compared to its average volume of 4,709,346. Interpublic Group of Companies has a 12 month low of $26.30 and a 12 month high of $35.17. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 0.77. The firm has a market capitalization of $9.88 billion, a price-to-earnings ratio of 12.51 and a beta of 1.11. The firm’s 50-day moving average is $28.50 and its two-hundred day moving average is $29.94.

Interpublic Group of Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 3rd will be paid a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a dividend yield of 4.98%. Interpublic Group of Companies’s dividend payout ratio is presently 62.26%.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on IPG. Wells Fargo & Company upgraded shares of Interpublic Group of Companies from an “underweight” rating to an “equal weight” rating and upped their price target for the company from $26.00 to $34.00 in a report on Tuesday, December 10th. BNP Paribas upgraded Interpublic Group of Companies from an “underperform” rating to an “outperform” rating and set a $38.00 price target on the stock in a report on Friday, January 10th. Barclays upgraded Interpublic Group of Companies from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $32.00 to $36.00 in a report on Friday, January 24th. Macquarie reaffirmed 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. Finally, JPMorgan Chase & Co. upgraded shares of Interpublic Group of Companies from a “neutral” rating to an “overweight” rating and lifted their price objective for the company from $32.00 to $39.00 in a report on Monday, January 27th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $33.75.

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.