WPP (LON:WPP) Releases Quarterly Earnings Results

Key Points

• WPP reported earnings of GBX 20.30 ($0.27) per share for the quarter, with a net margin of 1.37% and a return on equity of 5.92%.
• Shares of WPP saw a decline of 2.8% following the earnings announcement, opening at GBX 380.70 ($5.12) on Friday.
• Analysts at JPMorgan Chase & Co. lowered their price target for WPP from GBX 590 ($7.93) to GBX 480 ($6.46), maintaining a "neutral" rating.

WPP (LON:WPP - Get Free Report) released its quarterly earnings data on Thursday. The company reported GBX 20.30 ($0.27) earnings per share (EPS) for the quarter, Digital Look Earnings reports. WPP had a return on equity of 5.92% and a net margin of 1.37%.

WPP Trading Down 6.0%

Shares of WPP stock traded down GBX 23.52 ($0.32) during trading hours on Friday, reaching GBX 368.28 ($4.95). The company had a trading volume of 8,987,468 shares, compared to its average volume of 8,104,071. The company has a 50 day moving average of GBX 480.84 and a 200 day moving average of GBX 579.98. The company has a debt-to-equity ratio of 215.67, a current ratio of 0.89 and a quick ratio of 0.89. The firm has a market cap of £3.97 billion, a price-to-earnings ratio of 19.45, a P/E/G ratio of 13.47 and a beta of 1.13. WPP has a 1-year low of GBX 367.50 ($4.94) and a 1-year high of GBX 903 ($12.14).

Analyst Upgrades and Downgrades

Separately, JPMorgan Chase & Co. cut their target price on WPP from GBX 590 ($7.93) to GBX 480 ($6.45) and set a "neutral" rating on the stock in a report on Thursday, July 10th.

WPP Company Profile

WPP is the creative transformation company, using the power of creativity to build better futures for our people, planet, clients and communities. We are a world leader in marketing services, with deep AI, data and technology capabilities, global presence and unrivalled creative talent.