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

Interpublic Group of Companies (NYSE:IPG) will be announcing its earnings results before the market opens on Wednesday, April 24th. Analysts expect the company to announce earnings of $0.36 per share for the quarter. Individual that wish to register 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 Thursday, February 8th. The business services provider reported $1.18 earnings per share for the quarter, topping analysts’ consensus estimates of $1.16 by $0.02. Interpublic Group of Companies had a net margin of 10.09% and a return on equity of 30.52%. The business had revenue of $2.59 billion for the quarter, compared to the consensus estimate of $2.57 billion. During the same period in the prior year, the business posted $1.02 earnings per share. Interpublic Group of Companies’s revenue for the quarter was up 1.4% compared to the same quarter last year. 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 Price Performance

Shares of NYSE:IPG opened at $31.03 on Tuesday. The business has a fifty day simple moving average of $31.96 and a 200 day simple moving average of $31.34. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.73. Interpublic Group of Companies has a 1 year low of $27.20 and a 1 year high of $40.95. The firm has a market cap of $11.71 billion, a price-to-earnings ratio of 10.89, a P/E/G ratio of 2.11 and a beta of 1.13.

Interpublic Group of Companies Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 1st were paid a dividend of $0.33 per share. The ex-dividend date was Thursday, February 29th. This is an increase from Interpublic Group of Companies’s previous quarterly dividend of $0.31. This represents a $1.32 dividend on an annualized basis and a dividend yield of 4.25%. Interpublic Group of Companies’s dividend payout ratio (DPR) is 46.32%.

Insider Activity

In other news, EVP Andrew Bonzani sold 40,468 shares of Interpublic Group of Companies stock in a transaction dated Tuesday, February 27th. The stock was sold at an average price of $32.20, for a total value of $1,303,069.60. Following the transaction, the executive vice president now directly owns 70,431 shares in the company, valued at $2,267,878.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, EVP Andrew Bonzani sold 40,468 shares of the firm’s stock in a transaction on Tuesday, February 27th. The shares were sold at an average price of $32.20, for a total value of $1,303,069.60. Following the sale, the executive vice president now owns 70,431 shares in the company, valued at $2,267,878.20. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CAO Christopher F. Carroll sold 18,382 shares of the business’s stock in a transaction on Tuesday, February 27th. The stock was sold at an average price of $32.20, for a total transaction of $591,900.40. Following the transaction, the chief accounting officer now directly owns 42,390 shares in the company, valued at approximately $1,364,958. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 249,646 shares of company stock valued at $8,038,601. 0.42% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of research firms recently commented on IPG. JPMorgan Chase & Co. dropped their price objective on Interpublic Group of Companies from $38.00 to $37.00 and set an “overweight” rating on the stock in a report on Friday, February 9th. UBS Group assumed coverage on shares of Interpublic Group of Companies in a report on Thursday, January 11th. They set a “neutral” rating and a $36.00 price target on the stock. Wells Fargo & Company raised their target price on Interpublic Group of Companies from $31.00 to $32.00 and gave the company an “equal weight” rating in a report on Friday, February 9th. Finally, Barclays boosted their target price on Interpublic Group of Companies from $35.00 to $36.00 and gave the stock an “equal weight” rating in a report on Monday, January 29th. Five analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $35.25.

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.