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

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

Interpublic Group of Companies (NYSE:IPG) last released its quarterly earnings data on Thursday, February 8th. The business services provider reported $1.18 EPS for the quarter, topping the consensus estimate 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 during the quarter, compared to the consensus estimate of $2.57 billion. During the same period last year, the company earned $1.02 EPS. Interpublic Group of Companies’s revenue for the quarter was up 1.4% on a year-over-year basis. 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

NYSE IPG opened at $30.35 on Wednesday. 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 firm has a market capitalization of $11.49 billion, a P/E ratio of 10.65, a PEG ratio of 2.09 and a beta of 1.13. The company has a 50-day moving average price of $32.05 and a 200-day moving average price of $31.28. Interpublic Group of Companies has a 52 week low of $27.20 and a 52 week high of $40.95.

Interpublic Group of Companies Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 1st were given a dividend of $0.33 per share. This is an increase from Interpublic Group of Companies’s previous quarterly dividend of $0.31. The ex-dividend date was Thursday, February 29th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 4.35%. Interpublic Group of Companies’s payout ratio is presently 46.32%.

Insider Activity

In other news, CEO Philippe Krakowsky sold 150,403 shares of the firm’s stock in a transaction that occurred on Tuesday, February 27th. The stock was sold at an average price of $32.20, for a total value of $4,842,976.60. Following the completion of the sale, the chief executive officer now directly owns 415,776 shares of the company’s stock, valued at approximately $13,387,987.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, CEO Philippe Krakowsky sold 150,403 shares of the stock in a transaction that occurred on Tuesday, February 27th. The stock was 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 in the company, valued at $13,387,987.20. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Andrew Bonzani sold 40,468 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 value of $1,303,069.60. Following the transaction, the executive vice president now owns 70,431 shares in the company, valued at $2,267,878.20. The disclosure for this sale can be found here. Insiders sold 249,646 shares of company stock valued at $8,038,601 in the last ninety days. Insiders own 0.33% of the company’s stock.

Institutional Trading of Interpublic Group of Companies

Institutional investors have recently made changes to their positions in the business. Rockefeller Capital Management L.P. lifted its holdings in shares of Interpublic Group of Companies by 22.2% in the 4th quarter. Rockefeller Capital Management L.P. now owns 1,734 shares of the business services provider’s stock valued at $56,000 after buying an additional 315 shares during the period. Meiji Yasuda Asset Management Co Ltd. lifted its holdings in shares of Interpublic Group of Companies by 2.8% in the 4th quarter. Meiji Yasuda Asset Management Co Ltd. now owns 11,732 shares of the business services provider’s stock valued at $391,000 after buying an additional 320 shares during the period. Oppenheimer & Co. Inc. lifted its holdings in shares of Interpublic Group of Companies by 2.1% in the 4th quarter. Oppenheimer & Co. Inc. now owns 16,171 shares of the business services provider’s stock valued at $528,000 after buying an additional 334 shares during the period. Clear Street Markets LLC increased its stake in shares of 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 valued at $28,000 after purchasing an additional 372 shares in the last quarter. Finally, Nations Financial Group Inc. IA ADV increased its stake in shares of Interpublic Group of Companies by 5.6% in the 1st quarter. Nations Financial Group Inc. IA ADV now owns 8,104 shares of the business services provider’s stock valued at $302,000 after purchasing an additional 432 shares in the last quarter. Institutional investors and hedge funds own 98.43% of the company’s stock.

Analyst Upgrades and Downgrades

IPG has been the subject of a number of analyst reports. JPMorgan Chase & Co. reduced their price target on Interpublic Group of Companies from $38.00 to $37.00 and set an “overweight” rating for the company in a research report on Friday, February 9th. Wells Fargo & Company increased their target price on Interpublic Group of Companies from $31.00 to $32.00 and gave the stock an “equal weight” rating in a research report on Friday, February 9th. UBS Group started coverage on Interpublic Group of Companies in a research report on Thursday, January 11th. They set a “neutral” rating and a $36.00 target price for the company. Finally, Barclays increased their target price on Interpublic Group of Companies from $35.00 to $36.00 and gave the stock an “equal weight” rating in a research report on Monday, January 29th. Five analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, Interpublic Group of Companies currently has an average rating of “Hold” and a consensus target price of $35.25.

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.