Interpublic Group of Companies (IPG) Releases Quarterly Earnings Results, Beats Expectations By $0.02 EPS

Share on StockTwits

Interpublic Group of Companies (NYSE:IPG) released its quarterly earnings data on Friday. The business services provider reported $0.48 EPS for the quarter, beating the consensus estimate of $0.46 by $0.02, MarketWatch Earnings reports. Interpublic Group of Companies had a return on equity of 28.53% and a net margin of 6.75%. The company had revenue of $1.90 billion for the quarter, compared to analysts’ expectations of $1.88 billion. During the same period last year, the firm posted $0.31 earnings per share. Interpublic Group of Companies’s revenue was up 3.5% compared to the same quarter last year.

Shares of NYSE:IPG opened at $24.65 on Friday. The stock has a market capitalization of $8.63 billion, a price-to-earnings ratio of 14.41, a PEG ratio of 1.84 and a beta of 1.17. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.94 and a current ratio of 0.94. Interpublic Group of Companies has a 52-week low of $18.30 and a 52-week high of $26.01.

In other Interpublic Group of Companies news, CFO Frank Mergenthaler sold 50,000 shares of the firm’s stock in a transaction dated Tuesday, August 21st. The stock was sold at an average price of $22.46, for a total value of $1,123,000.00. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 1.49% of the company’s stock.

Several equities research analysts recently commented on the company. Pivotal Research dropped their price objective on Interpublic Group of Companies from $25.00 to $23.00 and set a “hold” rating on the stock in a research report on Tuesday, July 3rd. ValuEngine raised Interpublic Group of Companies from a “sell” rating to a “hold” rating in a research report on Thursday, July 26th. Citigroup increased their price objective on Interpublic Group of Companies from $27.00 to $28.00 and gave the company a “buy” rating in a research report on Friday. Morgan Stanley reaffirmed an “equal weight” rating and set a $24.00 price objective on shares of Interpublic Group of Companies in a research report on Monday, October 15th. Finally, Zacks Investment Research raised Interpublic Group of Companies from a “hold” rating to a “buy” rating and set a $26.00 target price on the stock in a research report on Tuesday, September 25th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and five have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $25.50.

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.

Read More: What is a Fiduciary?

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

Receive News & Ratings for Interpublic Group of Companies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Interpublic Group of Companies and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Mineum  Market Cap Tops $121,243.00
Mineum Market Cap Tops $121,243.00
RChain Market Capitalization Hits $29.99 Million
RChain Market Capitalization Hits $29.99 Million
Brokerages Anticipate Continental Building Products Inc  Will Announce Earnings of $0.62 Per Share
Brokerages Anticipate Continental Building Products Inc Will Announce Earnings of $0.62 Per Share
Zacks: Analysts Expect Varonis Systems Inc  Will Post Quarterly Sales of $87.33 Million
Zacks: Analysts Expect Varonis Systems Inc Will Post Quarterly Sales of $87.33 Million
FirstGroup plc  Receives GBX 100.63 Consensus Target Price from Brokerages
FirstGroup plc Receives GBX 100.63 Consensus Target Price from Brokerages
Farmer Bros Co  Receives Consensus Recommendation of “Hold” from Analysts
Farmer Bros Co Receives Consensus Recommendation of “Hold” from Analysts


© 2006-2018 Ticker Report