Equities Analysts Set Expectations for Interpublic Group of Companies, Inc. (The)’s Q1 2018 Earnings (IPG)

Interpublic Group of Companies, Inc. (The) (NYSE:IPG) – Analysts at Jefferies Group reduced their Q1 2018 earnings per share estimates for Interpublic Group of Companies in a report released on Wednesday. Jefferies Group analyst J. Janedis now expects that the business services provider will earn ($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.

Other equities analysts have also recently issued research reports about the company. BMO Capital Markets restated a “buy” rating and issued a $26.00 price target on shares of Interpublic Group of Companies in a report on Wednesday, September 13th. Citigroup upgraded Interpublic Group of Companies from a “neutral” rating to a “buy” rating in a report on Wednesday, September 6th. Credit Suisse Group set a $26.00 price target on Interpublic Group of Companies and gave the stock a “buy” rating in a report on Wednesday, October 11th. Zacks Investment Research upgraded Interpublic Group of Companies from a “hold” rating to a “buy” rating and set a $24.00 price target for the company in a report on Tuesday, October 10th. Finally, Wells Fargo & Company restated a “buy” rating on shares of Interpublic Group of Companies in a report on Tuesday, October 24th. Three equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and nine have issued a buy rating to the company’s stock. Interpublic Group of Companies presently has a consensus rating of “Hold” and a consensus price target of $25.77.

Interpublic Group of Companies (NYSE IPG) opened at $20.46 on Friday. The firm has a market capitalization of $7,842.12, a P/E ratio of 14.62, a price-to-earnings-growth 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 current ratio of 0.93 and a quick ratio of 0.93.

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

Several institutional investors and hedge funds have recently made changes to their positions in the business. Wells Fargo & Company MN raised its position in shares of Interpublic Group of Companies by 159.5% during the 3rd quarter. Wells Fargo & Company MN now owns 7,250,126 shares of the business services provider’s stock valued at $150,730,000 after acquiring an additional 4,455,788 shares in the last quarter. Neuberger Berman Group LLC raised its position in shares of Interpublic Group of Companies by 9,649.2% during the 3rd quarter. Neuberger Berman Group LLC now owns 2,442,846 shares of the business services provider’s stock valued at $50,787,000 after acquiring an additional 2,417,789 shares in the last quarter. River Road Asset Management LLC acquired a new stake in shares of Interpublic Group of Companies during the 2nd quarter valued at approximately $49,040,000. Janus Henderson Group PLC raised its position in shares of Interpublic Group of Companies by 4,195.7% during the 2nd quarter. Janus Henderson Group PLC now owns 1,815,832 shares of the business services provider’s stock valued at $44,669,000 after acquiring an additional 1,773,561 shares in the last quarter. Finally, Goldman Sachs Group Inc. raised its position in shares of 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 valued at $210,280,000 after acquiring an additional 1,503,316 shares in the last quarter. 99.97% of the stock is currently owned by institutional investors.

In other Interpublic Group of Companies news, Director H John Greeniaus sold 43,479 shares of the company’s stock in a transaction that occurred on Friday, November 10th. The stock was sold at an average price of $19.00, for a total value of $826,101.00. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 1.49% of the company’s stock.

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

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About Interpublic Group of Companies

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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