Interpublic Group of Companies (NYSE:IPG) Releases Earnings Results, Misses Expectations By $0.04 EPS

Interpublic Group of Companies (NYSE:IPG) issued its quarterly earnings data on Wednesday. The business services provider reported $1.11 earnings per share for the quarter, missing analysts’ consensus estimates of $1.15 by ($0.04), Zacks reports. Interpublic Group of Companies had a net margin of 7.44% and a return on equity of 27.76%.

Interpublic Group of Companies Stock Down 1.2 %

NYSE IPG traded down $0.32 during trading on Wednesday, reaching $26.86. 2,163,415 shares of the company’s stock were exchanged, compared to its average volume of 4,768,032. The stock has a market cap of $10.01 billion, a P/E ratio of 12.68 and a beta of 1.11. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.09 and a current ratio of 1.09. The company has a 50 day moving average price of $28.44 and a two-hundred day moving average price of $29.92. Interpublic Group of Companies has a 1 year low of $26.30 and a 1 year high of $35.17.

Interpublic Group of Companies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 3rd will be issued a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a yield of 4.92%. Interpublic Group of Companies’s dividend payout ratio (DPR) is 62.26%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on IPG shares. Macquarie reaffirmed a “neutral” rating and issued a $31.00 price objective on shares of Interpublic Group of Companies in a research note on Tuesday, October 22nd. BNP Paribas raised Interpublic Group of Companies from an “underperform” rating to an “outperform” rating and set a $38.00 price objective for the company in a research note on Friday, January 10th. Wells Fargo & Company raised Interpublic Group of Companies from an “underweight” rating to an “equal weight” rating and lifted their price objective for the company from $26.00 to $34.00 in a research note on Tuesday, December 10th. JPMorgan Chase & Co. raised Interpublic Group of Companies from a “neutral” rating to an “overweight” rating and lifted their price objective for the company from $32.00 to $39.00 in a research note on Monday, January 27th. Finally, StockNews.com started coverage on Interpublic Group of Companies in a research note on Wednesday, February 5th. They issued a “hold” rating for the company. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $33.75.

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.