Brokerages predict that Interpublic Group of Companies Inc (NYSE:IPG) will report $2.34 billion in sales for the current quarter, according to Zacks. Two analysts have made estimates for Interpublic Group of Companies’ earnings, with the highest sales estimate coming in at $2.35 billion and the lowest estimate coming in at $2.33 billion. Interpublic Group of Companies also posted sales of $2.34 billion during the same quarter last year. The firm is expected to issue its next quarterly earnings report on Wednesday, February 13th.

According to Zacks, analysts expect that Interpublic Group of Companies will report full year sales of $8.53 billion for the current fiscal year, with estimates ranging from $7.95 billion to $9.68 billion. For the next year, analysts anticipate that the company will report sales of $9.29 billion, with estimates ranging from $8.65 billion to $10.49 billion. Zacks’ sales averages are a mean average based on a survey of analysts that that provide coverage for Interpublic Group of Companies.

Interpublic Group of Companies (NYSE:IPG) last announced its quarterly earnings results on Friday, October 19th. The business services provider reported $0.48 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.46 by $0.02. Interpublic Group of Companies had a net margin of 6.62% and a return on equity of 30.99%. The firm had revenue of $1.90 billion during the quarter, compared to analysts’ expectations of $1.88 billion. During the same period in the prior year, the company posted $0.31 EPS. The company’s revenue was up 3.5% on a year-over-year basis.

IPG has been the subject of several recent research reports. Citigroup upped their price target on shares of 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 upgraded shares of Interpublic Group of Companies from a “neutral” rating to an “outperform” rating and increased their price objective for the stock from $24.00 to $25.00 in a research report on Thursday, September 20th. Royal Bank of Canada upgraded shares of Interpublic Group of Companies from a “sector perform” rating to an “outperform” rating in a research report on Wednesday, July 25th. Zacks Investment Research cut shares of Interpublic Group of Companies from a “buy” rating to a “hold” rating in a research report on Monday, October 8th. Finally, JPMorgan Chase & Co. initiated coverage on shares of Interpublic Group of Companies in a research report on Thursday, October 11th. They set an “overweight” rating for the company. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and five have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $25.56.

In related news, CFO Frank Mergenthaler sold 50,000 shares of the stock in a transaction on Tuesday, August 21st. The shares were sold at an average price of $22.46, for a total transaction of $1,123,000.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director H John Greeniaus sold 5,000 shares of the stock in a transaction on Wednesday, October 31st. The stock was sold at an average price of $23.50, for a total transaction of $117,500.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 63,735 shares of company stock valued at $1,443,501. 1.32% of the stock is currently owned by corporate insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of IPG. DnB Asset Management AS boosted its stake in Interpublic Group of Companies by 8.1% during the second quarter. DnB Asset Management AS now owns 47,900 shares of the business services provider’s stock worth $1,123,000 after acquiring an additional 3,600 shares in the last quarter. IFM Investors Pty Ltd lifted its stake in shares of Interpublic Group of Companies by 57.4% in the second quarter. IFM Investors Pty Ltd now owns 16,521 shares of the business services provider’s stock valued at $387,000 after buying an additional 6,026 shares in the last quarter. Alpha Windward LLC bought a new position in shares of Interpublic Group of Companies in the second quarter valued at $531,000. Nisa Investment Advisors LLC lifted its stake in shares of Interpublic Group of Companies by 8.5% in the second quarter. Nisa Investment Advisors LLC now owns 115,288 shares of the business services provider’s stock valued at $2,702,000 after buying an additional 8,985 shares in the last quarter. Finally, ZWJ Investment Counsel Inc. lifted its stake in shares of Interpublic Group of Companies by 2.1% in the second quarter. ZWJ Investment Counsel Inc. now owns 1,228,280 shares of the business services provider’s stock valued at $28,791,000 after buying an additional 24,718 shares in the last quarter. 99.10% of the stock is currently owned by institutional investors and hedge funds.

NYSE IPG traded down $0.31 on Monday, hitting $23.84. The company’s stock had a trading volume of 275,658 shares, compared to its average volume of 4,675,027. The company has a debt-to-equity ratio of 1.50, a quick ratio of 1.24 and a current ratio of 1.24. Interpublic Group of Companies has a 1-year low of $18.30 and a 1-year high of $26.01. The stock has a market cap of $9.21 billion, a P/E ratio of 16.90, a price-to-earnings-growth ratio of 1.86 and a beta of 1.07.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 17th. Stockholders of record on Monday, December 3rd will be given a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 3.52%. The ex-dividend date is Friday, November 30th. Interpublic Group of Companies’s dividend payout ratio (DPR) is presently 59.57%.

About Interpublic Group of Companies

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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