Interpublic Group of Cos. (NYSE:IPG) – Analysts at Jefferies Group issued their FY2018 earnings per share (EPS) estimates for Interpublic Group of Cos. in a research note issued on Monday. Jefferies Group analyst J. Janedis forecasts that the firm will post earnings of $1.55 per share for the year. Jefferies Group currently has a “Buy” rating on the stock.

Interpublic Group of Cos. (NYSE:IPG) last released its earnings results on Thursday, July 21st. The company reported $0.33 EPS for the quarter, meeting analysts’ consensus estimates of $0.33. Interpublic Group of Cos. had a return on equity of 26.26% and a net margin of 6.44%. The company earned $1.92 billion during the quarter, compared to the consensus estimate of $1.93 billion. During the same quarter last year, the company earned $0.29 earnings per share. Interpublic Group of Cos.’s quarterly revenue was up 2.2% compared to the same quarter last year.

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

Several other equities research analysts have also issued reports on IPG. Zacks Investment Research lowered Interpublic Group of Cos. from a “buy” rating to a “hold” rating in a research report on Monday, June 27th. Wedbush reissued an “outperform” rating and set a $28.00 price target on shares of Interpublic Group of Cos. in a research report on Monday, July 18th. BMO Capital Markets reissued a “buy” rating and set a $26.00 price target on shares of Interpublic Group of Cos. in a research report on Friday, July 22nd. Credit Suisse Group AG began coverage on Interpublic Group of Cos. in a research note on Thursday, September 15th. They set an “outperform” rating and a $27.00 price objective for the company. Finally, RBC Capital Markets began coverage on Interpublic Group of Cos. in a research note on Thursday, October 6th. They set a “top pick” rating and a $27.00 price objective for the company. Two research analysts have rated the stock with a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the company. Interpublic Group of Cos. presently has a consensus rating of “Buy” and a consensus target price of $26.08.

Interpublic Group of Cos. (NYSE:IPG) traded up 0.76% on Wednesday, hitting $22.66. The stock had a trading volume of 3,336,584 shares. Interpublic Group of Cos. has a one year low of $19.79 and a one year high of $24.82. The stock has a 50-day moving average of $22.57 and a 200-day moving average of $23.18. The company has a market cap of $9.08 billion, a PE ratio of 18.82 and a beta of 1.83.

Several hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. raised its stake in shares of Interpublic Group of Cos. by 2.9% in the second quarter. Vanguard Group Inc. now owns 36,673,705 shares of the company’s stock valued at $847,162,000 after buying an additional 1,028,593 shares during the period. FMR LLC raised its stake in shares of Interpublic Group of Cos. by 40.6% in the second quarter. FMR LLC now owns 31,001,813 shares of the company’s stock valued at $716,142,000 after buying an additional 8,956,445 shares during the period. BlackRock Institutional Trust Company N.A. raised its stake in shares of Interpublic Group of Cos. by 14.9% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 13,978,325 shares of the company’s stock valued at $322,899,000 after buying an additional 1,813,110 shares during the period. TIAA CREF Investment Management LLC raised its stake in shares of Interpublic Group of Cos. by 35.9% in the second quarter. TIAA CREF Investment Management LLC now owns 8,607,314 shares of the company’s stock valued at $198,829,000 after buying an additional 2,274,255 shares during the period. Finally, BlackRock Fund Advisors raised its stake in shares of Interpublic Group of Cos. by 2.5% in the second quarter. BlackRock Fund Advisors now owns 6,335,039 shares of the company’s stock valued at $146,339,000 after buying an additional 152,260 shares during the period. Institutional investors and hedge funds own 94.54% of the company’s stock.

In other news, SVP Ellen Tobi Johnson sold 35,765 shares of the company’s stock in a transaction on Tuesday, September 6th. The stock was sold at an average price of $22.69, for a total value of $811,507.85. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 1.75% of the stock is owned by insiders.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 15th. Stockholders of record on Thursday, September 1st were issued a $0.15 dividend. The ex-dividend date was Tuesday, August 30th. This represents a $0.60 annualized dividend and a dividend yield of 2.65%. Interpublic Group of Cos.’s dividend payout ratio (DPR) is 50.00%.

About Interpublic Group of Cos.

The Interpublic Group of Companies, Inc (IPG) is an advertising and marketing services company. IPG’s companies are engaged in consumer advertising, digital marketing, communications planning and media buying, public relations and specialized communications disciplines. The Company operates through two segments: Integrated Agency Networks (IAN) and Constituency Management Group (CMG).

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