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.
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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