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

Interpublic Group of Companies (NYSE:IPG) is scheduled to be releasing its earnings data before the market opens on Wednesday, April 24th. Analysts expect Interpublic Group of Companies to post earnings of $0.36 per share for the quarter. Persons that are interested in participating in the company’s earnings conference call can do so using this link.

Interpublic Group of Companies (NYSE:IPG) last issued its earnings results on Thursday, February 8th. The business services provider reported $1.18 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.16 by $0.02. Interpublic Group of Companies had a return on equity of 30.52% and a net margin of 10.09%. The company had revenue of $2.59 billion for the quarter, compared to analysts’ expectations of $2.57 billion. During the same period last year, the business earned $1.02 EPS. Interpublic Group of Companies’s quarterly revenue 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 IPG opened at $30.72 on Monday. Interpublic Group of Companies has a 12-month low of $27.20 and a 12-month high of $40.95. The business’s fifty day moving average is $31.98 and its 200 day moving average is $31.32. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.73. The stock has a market cap of $11.59 billion, a P/E ratio of 10.78, a P/E/G ratio of 2.11 and a beta of 1.13.

Interpublic Group of Companies Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, March 1st were issued a $0.33 dividend. This is a boost 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 4.30%. The ex-dividend date was Thursday, February 29th. Interpublic Group of Companies’s dividend payout ratio (DPR) is currently 46.32%.

Insider Buying and Selling at Interpublic Group of Companies

In other news, CAO Christopher F. Carroll sold 18,382 shares of the firm’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 completion of the sale, the chief accounting officer now directly owns 42,390 shares of the company’s stock, valued at approximately $1,364,958. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, CAO Christopher F. Carroll sold 18,382 shares of the firm’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 completion of the sale, the chief accounting officer now directly owns 42,390 shares of the company’s stock, valued at approximately $1,364,958. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Philippe Krakowsky sold 150,403 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 $4,842,976.60. Following the sale, the chief executive officer now directly owns 415,776 shares of the company’s stock, valued at $13,387,987.20. The disclosure for this sale can be found here. In the last three months, insiders have sold 249,646 shares of company stock worth $8,038,601. Corporate insiders own 0.35% of the company’s stock.

Institutional Investors Weigh In On Interpublic Group of Companies

Large investors have recently made changes to their positions in the business. Compass Wealth Management LLC purchased a new stake in Interpublic Group of Companies in the 4th quarter worth about $25,000. Clear Street Markets LLC increased its holdings in Interpublic Group of Companies by 94.9% in the 1st quarter. Clear Street Markets LLC now owns 764 shares of the business services provider’s stock worth $28,000 after acquiring an additional 372 shares during the last quarter. Resurgent Financial Advisors LLC purchased a new stake in Interpublic Group of Companies in the 4th quarter worth about $34,000. First Manhattan CO. LLC. increased its holdings in Interpublic Group of Companies by 1,176.5% in the 1st quarter. First Manhattan CO. LLC. now owns 1,085 shares of the business services provider’s stock worth $40,000 after acquiring an additional 1,000 shares during the last quarter. Finally, Itau Unibanco Holding S.A. purchased a new stake in Interpublic Group of Companies in the 2nd quarter worth about $51,000. 98.43% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on IPG shares. JPMorgan Chase & Co. cut their target price 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 initiated coverage on Interpublic Group of Companies in a report on Thursday, January 11th. They issued a “neutral” rating and a $36.00 target price on the stock. Wells Fargo & Company raised their price objective on Interpublic Group of Companies from $31.00 to $32.00 and gave the company an “equal weight” rating in a research note on Friday, February 9th. Finally, Barclays raised their price objective on Interpublic Group of Companies from $35.00 to $36.00 and gave the company an “equal weight” rating in a research note on Monday, January 29th. Five analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target 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.