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

Interpublic Group of Companies (NYSE:IPG) posted its quarterly earnings data on Wednesday. The business services provider reported $1.11 EPS for the quarter, missing the consensus estimate 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 Trading Down 1.2 %

Shares of Interpublic Group of Companies stock traded down $0.32 on Wednesday, reaching $26.86. The company had a trading volume of 2,163,415 shares, compared to its average volume of 4,768,032. The firm has a market cap of $10.01 billion, a price-to-earnings ratio of 12.68 and a beta of 1.11. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.09 and a quick ratio of 1.09. The firm’s 50-day moving average price is $28.44 and its two-hundred day moving average price is $29.92. Interpublic Group of Companies has a 1 year low of $26.30 and a 1 year high of $35.17.

Interpublic Group of Companies Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 3rd will be issued a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 4.92%. Interpublic Group of Companies’s dividend payout ratio (DPR) is 62.26%.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on IPG shares. Macquarie reaffirmed a “neutral” rating and issued a $31.00 price objective on shares of Interpublic Group of Companies in a research note on Tuesday, October 22nd. Wells Fargo & Company raised Interpublic Group of Companies from an “underweight” rating to an “equal weight” rating and raised their price objective for the stock from $26.00 to $34.00 in a research note on Tuesday, December 10th. BNP Paribas upgraded Interpublic Group of Companies from an “underperform” rating to an “outperform” rating and set a $38.00 target price for the company in a research report on Friday, January 10th. StockNews.com initiated coverage on Interpublic Group of Companies in a research report on Wednesday, February 5th. They set a “hold” rating for the company. Finally, JPMorgan Chase & Co. upgraded Interpublic Group of Companies from a “neutral” rating to an “overweight” rating and increased their target price for the stock from $32.00 to $39.00 in a research report on Monday, January 27th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, Interpublic Group of Companies presently has a consensus rating of “Hold” and an average target price 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.