$0.40 Earnings Per Share Expected for The Interpublic Group of Companies, Inc. (NYSE:IPG) This Quarter

Wall Street analysts expect The Interpublic Group of Companies, Inc. (NYSE:IPGGet Rating) to post earnings of $0.40 per share for the current fiscal quarter, according to Zacks Investment Research. Two analysts have issued estimates for Interpublic Group of Companies’ earnings. The lowest EPS estimate is $0.39 and the highest is $0.40. Interpublic Group of Companies posted earnings of $0.45 per share during the same quarter last year, which suggests a negative year over year growth rate of 11.1%. The firm is scheduled to announce its next earnings results before the market opens on Monday, January 1st.

According to Zacks, analysts expect that Interpublic Group of Companies will report full-year earnings of $2.69 per share for the current fiscal year, with EPS estimates ranging from $2.65 to $2.72. For the next fiscal year, analysts expect that the company will post earnings of $2.85 per share, with EPS estimates ranging from $2.83 to $2.88. Zacks’ earnings per share averages are an average based on a survey of sell-side research firms that follow Interpublic Group of Companies.

Interpublic Group of Companies (NYSE:IPGGet Rating) last released its quarterly earnings data on Thursday, February 10th. The business services provider reported $0.82 earnings per share for the quarter, beating analysts’ consensus estimates of $0.80 by $0.02. Interpublic Group of Companies had a net margin of 9.30% and a return on equity of 32.29%. The company had revenue of $2.55 billion during the quarter, compared to analysts’ expectations of $2.51 billion. During the same quarter in the previous year, the company earned $0.86 earnings per share. The firm’s revenue for the quarter was up 11.6% on a year-over-year basis.

A number of research firms have weighed in on IPG. Morgan Stanley lifted their price objective on shares of Interpublic Group of Companies from $38.00 to $40.00 and gave the company an “equal weight” rating in a report on Friday, February 11th. Argus upgraded shares of Interpublic Group of Companies from a “hold” rating to a “buy” rating and set a $41.00 target price on the stock in a research report on Monday, March 21st. Barclays lowered shares of Interpublic Group of Companies from an “overweight” rating to an “equal weight” rating and dropped their target price for the company from $47.00 to $42.00 in a research report on Monday, March 14th. Bank of America lowered shares of Interpublic Group of Companies from a “neutral” rating to an “underperform” rating and set a $32.00 target price on the stock. in a research report on Thursday, January 27th. Finally, StockNews.com started coverage on shares of Interpublic Group of Companies in a research report on Thursday, March 31st. They issued a “hold” rating on the stock. One analyst has rated the stock with a sell rating, five have given a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $39.90.

IPG traded up $0.17 on Monday, reaching $34.49. The stock had a trading volume of 2,398,630 shares, compared to its average volume of 3,893,544. Interpublic Group of Companies has a 12-month low of $29.38 and a 12-month high of $39.98. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.81. The business’s 50-day moving average price is $35.43 and its two-hundred day moving average price is $36.08. The company has a market cap of $13.59 billion, a P/E ratio of 14.43, a price-to-earnings-growth ratio of 3.10 and a beta of 1.00.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 15th. Investors of record on Tuesday, March 1st were given a dividend of $0.29 per share. The ex-dividend date was Monday, February 28th. This is a positive change from Interpublic Group of Companies’s previous quarterly dividend of $0.27. This represents a $1.16 dividend on an annualized basis and a yield of 3.36%. Interpublic Group of Companies’s payout ratio is presently 48.54%.

Interpublic Group of Companies declared that its board has authorized a share repurchase program on Thursday, February 10th that allows the company to buyback $400.00 million in outstanding shares. This buyback authorization allows the business services provider to repurchase up to 2.8% of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s management believes its stock is undervalued.

In other Interpublic Group of Companies news, EVP Andrew Bonzani sold 34,195 shares of the business’s stock in a transaction dated Tuesday, March 1st. The shares were sold at an average price of $35.51, for a total value of $1,214,264.45. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CAO Christopher F. Carroll sold 38,000 shares of the business’s stock in a transaction dated Wednesday, March 2nd. The shares were sold at an average price of $36.03, for a total transaction of $1,369,140.00. The disclosure for this sale can be found here. Insiders have sold 76,417 shares of company stock worth $2,734,172 over the last 90 days. 0.75% of the stock is currently owned by company insiders.

A number of large investors have recently bought and sold shares of the business. BlackRock Inc. raised its stake in shares of Interpublic Group of Companies by 1.1% in the 4th quarter. BlackRock Inc. now owns 40,390,818 shares of the business services provider’s stock valued at $1,512,636,000 after acquiring an additional 426,489 shares during the period. State Street Corp raised its stake in shares of Interpublic Group of Companies by 4.3% in the 4th quarter. State Street Corp now owns 21,776,352 shares of the business services provider’s stock valued at $815,524,000 after acquiring an additional 899,103 shares during the period. Black Creek Investment Management Inc. raised its stake in shares of Interpublic Group of Companies by 7.0% in the 4th quarter. Black Creek Investment Management Inc. now owns 11,803,144 shares of the business services provider’s stock valued at $442,028,000 after acquiring an additional 775,502 shares during the period. Bank of New York Mellon Corp raised its stake in shares of Interpublic Group of Companies by 21.7% in the 3rd quarter. Bank of New York Mellon Corp now owns 8,583,497 shares of the business services provider’s stock valued at $314,756,000 after acquiring an additional 1,529,332 shares during the period. Finally, Geode Capital Management LLC raised its stake in shares of Interpublic Group of Companies by 2.2% in the 4th quarter. Geode Capital Management LLC now owns 8,198,539 shares of the business services provider’s stock valued at $306,584,000 after acquiring an additional 176,769 shares during the period. Institutional investors own 99.14% of the company’s stock.

Interpublic Group of Companies Company Profile (Get Rating)

The Interpublic Group of Companies, Inc provides advertising and marketing services worldwide. It operates in two segments, Integrated Agency Networks (IAN) and IPG DXTRA. The company offers consumer advertising, digital marketing, communications planning and media buying, public relations, and specialized communications disciplines, as well as data science services.

Featured Stories

Get a free copy of the Zacks research report on Interpublic Group of Companies (IPG)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Interpublic Group of Companies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Interpublic Group of Companies and related companies with MarketBeat.com's FREE daily email newsletter.