Interpublic Group of Companies Inc (IPG) Expected to Announce Earnings of $0.81 Per Share

Equities analysts expect that Interpublic Group of Companies Inc (NYSE:IPG) will announce earnings of $0.81 per share for the current quarter, according to Zacks Investment Research. Two analysts have provided estimates for Interpublic Group of Companies’ earnings. The lowest EPS estimate is $0.80 and the highest is $0.82. Interpublic Group of Companies posted earnings of $0.79 per share during the same quarter last year, which would indicate a positive year-over-year growth rate of 2.5%. The firm is scheduled to announce its next earnings results on Wednesday, February 13th.

On average, analysts expect that Interpublic Group of Companies will report full-year earnings of $1.74 per share for the current financial year, with EPS estimates ranging from $1.73 to $1.75. For the next fiscal year, analysts forecast that the business will report earnings of $1.84 per share, with EPS estimates ranging from $1.79 to $1.87. Zacks’ EPS calculations are an average based on a survey of sell-side analysts that that provide coverage for Interpublic Group of Companies.

Interpublic Group of Companies (NYSE:IPG) last issued its quarterly earnings results on Friday, October 19th. The business services provider reported $0.48 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.46 by $0.02. Interpublic Group of Companies had a return on equity of 30.99% and a net margin of 6.62%. The firm had revenue of $1.90 billion during the quarter, compared to analyst estimates of $1.88 billion. During the same period last year, the company earned $0.31 EPS. Interpublic Group of Companies’s quarterly revenue was up 3.5% compared to the same quarter last year.

A number of brokerages have weighed in on IPG. Citigroup lifted their target price on Interpublic Group of Companies from $27.00 to $28.00 and gave the company a “buy” rating in a research report on Friday, October 19th. Macquarie raised Interpublic Group of Companies from a “neutral” rating to an “outperform” rating and lifted their target price for the company from $24.00 to $25.00 in a research report on Thursday, September 20th. Royal Bank of Canada raised Interpublic Group of Companies from a “sector perform” rating to an “outperform” rating in a research report on Wednesday, July 25th. Zacks Investment Research lowered Interpublic Group of Companies from a “buy” rating to a “hold” rating in a research report on Monday, October 8th. Finally, JPMorgan Chase & Co. began coverage on Interpublic Group of Companies in a research report on Thursday, October 11th. They set an “overweight” rating for the company. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and six have issued a buy rating to the stock. Interpublic Group of Companies currently has a consensus rating of “Hold” and a consensus price target of $25.56.

Shares of IPG stock traded down $0.08 on Friday, reaching $23.84. 4,110,934 shares of the company’s stock were exchanged, compared to its average volume of 6,648,196. Interpublic Group of Companies has a 52 week low of $18.30 and a 52 week high of $26.01. The company has a debt-to-equity ratio of 1.50, a quick ratio of 1.24 and a current ratio of 1.24. The firm has a market capitalization of $9.13 billion, a P/E ratio of 16.91, a P/E/G ratio of 1.84 and a beta of 1.07.

In other news, Director Jocelyn Carter-Miller sold 8,735 shares of the business’s stock in a transaction on Monday, November 5th. The stock was sold at an average price of $23.24, for a total value of $203,001.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Frank Mergenthaler sold 50,000 shares of the business’s stock in a transaction on Tuesday, August 21st. The stock was sold at an average price of $22.46, for a total value of $1,123,000.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 63,735 shares of company stock valued at $1,443,501. 1.49% of the stock is currently owned by corporate insiders.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. NuWave Investment Management LLC raised its position in shares of Interpublic Group of Companies by 117.3% in the 3rd quarter. NuWave Investment Management LLC now owns 5,654 shares of the business services provider’s stock worth $129,000 after acquiring an additional 3,052 shares in the last quarter. LifePlan Financial Group Inc bought a new position in shares of Interpublic Group of Companies in the 2nd quarter worth $187,000. Lourd Capital LLC bought a new position in shares of Interpublic Group of Companies in the 3rd quarter worth $203,000. Round Table Services LLC bought a new position in shares of Interpublic Group of Companies in the 3rd quarter worth $203,000. Finally, Bessemer Group Inc. raised its position in shares of Interpublic Group of Companies by 242.7% in the 3rd quarter. Bessemer Group Inc. now owns 9,647 shares of the business services provider’s stock worth $222,000 after acquiring an additional 6,832 shares in the last quarter. 99.65% of the stock is owned by hedge funds and other institutional investors.

Interpublic Group of Companies Company Profile

The Interpublic Group of Companies, Inc provides advertising and marketing services worldwide. The company operates through two segments, Integrated Agency Networks and Constituency Management Group. It offers consumer advertising, digital marketing, communications planning and media buying, public relations, and specialized communications disciplines.

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Earnings History and Estimates for Interpublic Group of Companies (NYSE:IPG)

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