Zacks Research Has Positive Outlook of IPG FY2024 Earnings

The Interpublic Group of Companies, Inc. (NYSE:IPG) – Equities researchers at Zacks Research boosted their FY2024 earnings per share (EPS) estimates for shares of Interpublic Group of Companies in a report released on Tuesday, November 12th. Zacks Research analyst R. Department now anticipates that the business services provider will post earnings of $2.79 per share for the year, up from their previous forecast of $2.73. The consensus estimate for Interpublic Group of Companies’ current full-year earnings is $2.82 per share. Zacks Research also issued estimates for Interpublic Group of Companies’ Q4 2024 earnings at $1.12 EPS, Q4 2025 earnings at $0.67 EPS, FY2025 earnings at $2.75 EPS, Q1 2026 earnings at $0.72 EPS, Q2 2026 earnings at $0.73 EPS, Q3 2026 earnings at $0.66 EPS and FY2026 earnings at $2.87 EPS.

Interpublic Group of Companies (NYSE:IPG) last released its quarterly earnings data on Tuesday, October 22nd. The business services provider reported $0.70 EPS for the quarter, meeting the consensus estimate of $0.70. The company had revenue of $2.24 billion for the quarter, compared to analyst estimates of $2.30 billion. Interpublic Group of Companies had a return on equity of 27.76% and a net margin of 7.44%. During the same period last year, the company posted $0.70 earnings per share. The firm’s revenue was down 2.9% compared to the same quarter last year.

A number of other research firms also recently commented on IPG. Macquarie reiterated a “neutral” rating and issued a $31.00 price target on shares of Interpublic Group of Companies in a research note on Tuesday, October 22nd. StockNews.com upgraded shares of Interpublic Group of Companies from a “sell” rating to a “hold” rating in a research note on Saturday, November 9th. Morgan Stanley downgraded shares of Interpublic Group of Companies from an “equal weight” rating to an “underweight” rating and reduced their price target for the stock from $34.00 to $28.00 in a research report on Monday, July 22nd. Wells Fargo & Company reaffirmed an “underweight” rating and set a $26.00 price objective (down previously from $28.00) on shares of Interpublic Group of Companies in a research report on Tuesday, October 22nd. Finally, Bank of America cut their target price on shares of Interpublic Group of Companies from $36.00 to $35.00 and set a “buy” rating on the stock in a report on Thursday, September 5th. Four investment analysts have rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $30.57.

Interpublic Group of Companies Stock Performance

Interpublic Group of Companies stock opened at $27.10 on Thursday. Interpublic Group of Companies has a 52 week low of $27.01 and a 52 week high of $35.17. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 0.77. The stock has a market cap of $10.10 billion, a P/E ratio of 12.78 and a beta of 1.10. The stock has a 50 day moving average of $30.70 and a 200-day moving average of $30.62.

Interpublic Group of Companies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 2nd will be given a $0.33 dividend. This represents a $1.32 annualized dividend and a yield of 4.87%. The ex-dividend date of this dividend is Monday, December 2nd. Interpublic Group of Companies’s dividend payout ratio is currently 62.26%.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in IPG. Benjamin Edwards Inc. grew its position in Interpublic Group of Companies by 73.8% in the 2nd quarter. Benjamin Edwards Inc. now owns 883 shares of the business services provider’s stock valued at $26,000 after buying an additional 375 shares in the last quarter. Catalyst Capital Advisors LLC acquired a new position in shares of Interpublic Group of Companies during the third quarter valued at approximately $26,000. Hazlett Burt & Watson Inc. raised its holdings in Interpublic Group of Companies by 652.2% during the second quarter. Hazlett Burt & Watson Inc. now owns 1,038 shares of the business services provider’s stock worth $30,000 after purchasing an additional 900 shares in the last quarter. International Assets Investment Management LLC acquired a new stake in Interpublic Group of Companies in the second quarter worth approximately $32,000. Finally, Ashton Thomas Securities LLC acquired a new stake in Interpublic Group of Companies in the third quarter worth approximately $32,000. Institutional investors and hedge funds own 98.43% of the company’s stock.

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.