Interpublic Group of Companies (IPG) Scheduled to Post Quarterly Earnings on Tuesday

Interpublic Group of Companies (NYSE:IPG) will be announcing its earnings results before the market opens on Tuesday, October 22nd. Analysts expect the company to announce earnings of $0.70 per share for the quarter. Persons interested in participating in the company’s earnings conference call can do so using this link.

Interpublic Group of Companies (NYSE:IPG) last announced its quarterly earnings data on Wednesday, July 24th. The business services provider reported $0.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.59 by $0.02. Interpublic Group of Companies had a return on equity of 27.98% and a net margin of 9.46%. The business had revenue of $2.71 billion during the quarter, compared to analysts’ expectations of $2.33 billion. During the same quarter in the previous year, the business earned $0.74 earnings per share. The firm’s quarterly revenue was up 1.6% 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 Trading Down 0.1 %

NYSE IPG opened at $32.03 on Friday. The stock’s fifty day moving average price is $31.39 and its 200-day moving average price is $30.78. The company has a current ratio of 1.07, a quick ratio of 1.06 and a debt-to-equity ratio of 0.75. The stock has a market cap of $12.09 billion, a P/E ratio of 11.40, a P/E/G ratio of 5.18 and a beta of 1.09. Interpublic Group of Companies has a 12 month low of $27.20 and a 12 month high of $35.17.

Interpublic Group of Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 17th. Investors of record on Tuesday, September 3rd were given a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a yield of 4.12%. The ex-dividend date of this dividend was Tuesday, September 3rd. Interpublic Group of Companies’s dividend payout ratio (DPR) is 46.98%.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the stock. Barclays dropped their target price on shares of Interpublic Group of Companies from $34.00 to $32.50 and set an “equal weight” rating on the stock in a research note on Wednesday, October 2nd. Macquarie cut their target price on Interpublic Group of Companies from $33.00 to $31.00 and set a “neutral” rating on the stock in a research note on Thursday, July 25th. JPMorgan Chase & Co. cut Interpublic Group of Companies from an “overweight” rating to a “neutral” rating and decreased their price target for the stock from $36.00 to $33.00 in a research note on Tuesday, October 1st. UBS Group cut Interpublic Group of Companies from a “neutral” rating to a “sell” rating and dropped their price objective for the company from $34.00 to $29.00 in a research report on Thursday, September 12th. Finally, BNP Paribas lowered Interpublic Group of Companies from a “neutral” rating to an “underperform” rating in a research report on Monday, September 30th. Three research analysts have rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $32.44.

Interpublic Group of Companies Company Profile

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.