Interpublic Group of Companies, Inc. (The) (NYSE:IPG) – Research analysts at Jefferies Group dropped their Q1 2018 earnings per share (EPS) estimates for Interpublic Group of Companies in a report issued on Wednesday. Jefferies Group analyst J. Janedis now anticipates that the business services provider will post earnings of ($0.02) per share for the quarter, down from their prior forecast of ($0.01). Jefferies Group has a “Hold” rating on the stock. Jefferies Group also issued estimates for Interpublic Group of Companies’ Q2 2018 earnings at $0.31 EPS, Q3 2018 earnings at $0.35 EPS and Q4 2018 earnings at $0.84 EPS.

Interpublic Group of Companies (NYSE:IPG) last posted its quarterly earnings results on Tuesday, October 24th. The business services provider reported $0.31 EPS for the quarter, missing the consensus estimate of $0.33 by ($0.02). Interpublic Group of Companies had a net margin of 7.43% and a return on equity of 27.38%. The company had revenue of $1.90 billion for the quarter, compared to analysts’ expectations of $1.96 billion. During the same quarter in the prior year, the firm earned $0.31 earnings per share. The company’s revenue was down 1.0% on a year-over-year basis.

A number of other brokerages have also recently issued reports on IPG. Zacks Investment Research upgraded shares of Interpublic Group of Companies from a “sell” rating to a “hold” rating in a report on Tuesday, September 26th. Credit Suisse Group set a $26.00 price objective on shares of Interpublic Group of Companies and gave the stock a “buy” rating in a report on Wednesday, October 11th. Morgan Stanley reiterated a “hold” rating on shares of Interpublic Group of Companies in a report on Monday, October 16th. Royal Bank of Canada reiterated a “hold” rating on shares of Interpublic Group of Companies in a report on Friday, September 29th. Finally, Wells Fargo & Company reiterated a “buy” rating on shares of Interpublic Group of Companies in a report on Tuesday, October 24th. Three investment analysts have rated the stock with a sell rating, six have issued a hold rating and nine have assigned a buy rating to the company’s stock. Interpublic Group of Companies presently has a consensus rating of “Hold” and an average target price of $25.77.

Interpublic Group of Companies (IPG) opened at $20.46 on Friday. The company has a market cap of $7,842.12, a price-to-earnings ratio of 14.62, a PEG ratio of 1.33 and a beta of 1.47. Interpublic Group of Companies has a fifty-two week low of $18.30 and a fifty-two week high of $25.71. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.93 and a current ratio of 0.93.

The company also recently announced a quarterly dividend, which was paid on Friday, December 15th. Shareholders of record on Friday, December 1st were given a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 3.52%. The ex-dividend date of this dividend was Thursday, November 30th. Interpublic Group of Companies’s dividend payout ratio is 50.00%.

In other Interpublic Group of Companies news, Director H John Greeniaus sold 43,479 shares of the business’s stock in a transaction on Friday, November 10th. The shares were sold at an average price of $19.00, for a total transaction of $826,101.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.49% of the stock is owned by insiders.

A number of institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its position in Interpublic Group of Companies by 1.1% during the 2nd quarter. Vanguard Group Inc. now owns 39,967,140 shares of the business services provider’s stock worth $983,192,000 after acquiring an additional 419,048 shares during the last quarter. BlackRock Inc. lifted its position in Interpublic Group of Companies by 2.7% during the 2nd quarter. BlackRock Inc. now owns 36,204,064 shares of the business services provider’s stock worth $890,619,000 after acquiring an additional 936,771 shares during the last quarter. Voya Investment Management LLC lifted its position in Interpublic Group of Companies by 14.7% during the 2nd quarter. Voya Investment Management LLC now owns 9,175,028 shares of the business services provider’s stock worth $225,706,000 after acquiring an additional 1,177,667 shares during the last quarter. Pzena Investment Management LLC lifted its position in Interpublic Group of Companies by 0.3% during the 3rd quarter. Pzena Investment Management LLC now owns 8,964,724 shares of the business services provider’s stock worth $186,377,000 after acquiring an additional 23,799 shares during the last quarter. Finally, Goldman Sachs Group Inc. lifted its position in Interpublic Group of Companies by 21.3% during the 2nd quarter. Goldman Sachs Group Inc. now owns 8,547,989 shares of the business services provider’s stock worth $210,280,000 after acquiring an additional 1,503,316 shares during the last quarter. 99.97% of the stock is owned by hedge funds and other institutional investors.

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Interpublic Group of Companies Company Profile

The Interpublic Group of Companies, Inc is a global advertising and marketing services company. The Company specializes in consumer advertising, digital marketing, communications planning and media buying, public relations and specialized communications disciplines. It operates in two segments: Integrated Agency Networks (IAN) and Constituency Management Group (CMG).

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

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