Interpublic Group of Companies (NYSE:IPG) Releases Quarterly Earnings Results, Beats Expectations By $0.20 EPS

Interpublic Group of Companies (NYSE:IPG - Get Free Report) posted its quarterly earnings data on Tuesday. The business services provider reported $0.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.55 by $0.20, Zacks reports. The firm had revenue of $2.17 billion for the quarter, compared to the consensus estimate of $2.15 billion. Interpublic Group of Companies had a return on equity of 28.72% and a net margin of 4.27%. The business's revenue for the quarter was down 6.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.61 EPS.

Interpublic Group of Companies Stock Performance

Interpublic Group of Companies stock traded down $0.38 during trading hours on Friday, reaching $25.94. 1,876,720 shares of the company were exchanged, compared to its average volume of 7,094,042. The firm has a market cap of $9.59 billion, a price-to-earnings ratio of 21.97 and a beta of 1.05. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.80. The stock has a 50-day moving average of $24.31 and a 200 day moving average of $25.67. Interpublic Group of Companies has a 12 month low of $22.51 and a 12 month high of $33.05.

Interpublic Group of Companies Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, June 16th. Shareholders of record on Monday, June 2nd were given a dividend of $0.33 per share. The ex-dividend date was Monday, June 2nd. This represents a $1.32 dividend on an annualized basis and a yield of 5.09%. Interpublic Group of Companies's payout ratio is currently 111.86%.

Analyst Ratings Changes

IPG has been the topic of a number of research reports. Barclays downgraded Interpublic Group of Companies from an "overweight" rating to an "equal weight" rating and dropped their target price for the company from $34.00 to $27.50 in a report on Wednesday, June 25th. Citigroup reiterated a "buy" rating and issued a $35.00 target price on shares of Interpublic Group of Companies in a report on Tuesday, April 15th. JPMorgan Chase & Co. dropped their target price on Interpublic Group of Companies from $35.00 to $33.00 and set an "overweight" rating on the stock in a report on Thursday, July 10th. Wall Street Zen started coverage on Interpublic Group of Companies in a report on Tuesday, May 20th. They issued a "hold" rating on the stock. Finally, UBS Group dropped their price objective on Interpublic Group of Companies from $27.00 to $25.60 and set a "neutral" rating on the stock in a report on Wednesday. Six analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Hold" and an average price target of $32.39.

Institutional Investors Weigh In On Interpublic Group of Companies

A number of large investors have recently added to or reduced their stakes in the stock. Focus Partners Wealth boosted its position in shares of Interpublic Group of Companies by 100.3% in the first quarter. Focus Partners Wealth now owns 40,754 shares of the business services provider's stock valued at $1,107,000 after acquiring an additional 20,403 shares during the period. Integrated Wealth Concepts LLC boosted its position in shares of Interpublic Group of Companies by 62.1% in the first quarter. Integrated Wealth Concepts LLC now owns 13,061 shares of the business services provider's stock valued at $355,000 after acquiring an additional 5,004 shares during the period. Finally, United Services Automobile Association bought a new stake in shares of Interpublic Group of Companies in the first quarter valued at approximately $210,000. Institutional investors own 98.43% of the company's stock.

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.