WPP (LON:WPP) Releases Earnings Results

WPP (LON:WPP) released its earnings results on Thursday. The company reported GBX 50.30 ($0.63) earnings per share (EPS) for the quarter, Digital Look Earnings reports. WPP had a return on equity of 5.92% and a net margin of 1.37%.

WPP Price Performance

Shares of LON WPP opened at GBX 644 ($8.10) on Friday. The business’s 50 day moving average price is GBX 767.73 and its two-hundred day moving average price is GBX 782.95. The company has a market cap of £6.94 billion, a PE ratio of 34.02, a price-to-earnings-growth ratio of 13.47 and a beta of 1.13. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 215.67. WPP has a twelve month low of GBX 616.60 ($7.75) and a twelve month high of GBX 903 ($11.36).

Wall Street Analyst Weigh In

Separately, JPMorgan Chase & Co. lowered their target price on WPP from GBX 1,040 ($13.08) to GBX 960 ($12.07) and set a “neutral” rating on the stock in a research report on Tuesday, January 7th.

Insiders Place Their Bets

In other WPP news, insider Joanne Wilson sold 8,794 shares of the business’s stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of GBX 860 ($10.81), for a total transaction of £75,628.40 ($95,106.14). Company insiders own 0.22% of the company’s stock.

About WPP

WPP is the creative transformation company, using the power of creativity to build better futures for our people, planet, clients and communities.

At WPP we’re reinventing creativity on an ever-broader canvas, bringing together unrivalled talent, resources and skills to provide an integrated offer of communications, experience, commerce and technology for clients.