The Interpublic Group of Companies, Inc. provides advertising and marketing services worldwide. It operates in two segments, Integrated Agency Networks (IAN) and IPG DXTRA. The company offers consumer advertising, digital marketing, communications planning and media buying, public relations, and specialized communications disciplines, as well as data science services. It also provides various diversified services, including meeting and event production, sports and entertainment marketing, corporate and brand identity, and strategic marketing consulting. The company was formerly known as McCann-Erickson Incorporated and changed its name to The Interpublic Group of Companies, Inc. in January 1961. The Interpublic Group of Companies, Inc. was founded in 1902 and is headquartered in New York, New York.
Interpublic Group of Companies Price Performance
Shares of IPG Stock traded down $0.03 during mid-day trading on Friday, hitting $30.34. 1,957,346 shares of the stock were exchanged, compared to its average volume of 3,699,400. Interpublic Group of Companies has a 52-week low of $26.36 and a 52-week high of $39.98. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.83. The company has a market cap of $11.86 billion, a PE ratio of 12.25, a price-to-earnings-growth ratio of 9.56 and a beta of 1.03. The firm has a fifty day moving average of $28.69 and a 200 day moving average of $32.48.
Interpublic Group of Companies (NYSE:IPG - Get Rating) last issued its quarterly earnings results on Thursday, July 21st. The business services provider reported $0.63 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.58 by $0.05. The company had revenue of $2.38 billion for the quarter, compared to the consensus estimate of $2.33 billion. Interpublic Group of Companies had a return on equity of 29.37% and a net margin of 9.16%. Interpublic Group of Companies's revenue for the quarter was up 4.7% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.70 earnings per share. Research analysts anticipate that Interpublic Group of Companies will post 2.71 earnings per share for the current year.
Interpublic Group of Companies Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Thursday, September 15th. Stockholders of record on Thursday, September 1st will be given a $0.29 dividend. The ex-dividend date of this dividend is Wednesday, August 31st. This represents a $1.16 annualized dividend and a dividend yield of 3.82%. Interpublic Group of Companies's dividend payout ratio (DPR) is 46.77%.
Analyst Upgrades and Downgrades
Several research analysts recently issued reports on IPG shares. Macquarie lowered Interpublic Group of Companies from an "outperform" rating to a "neutral" rating in a research report on Thursday, June 23rd. Citigroup lowered their target price on shares of Interpublic Group of Companies from $43.00 to $33.00 and set a "buy" rating for the company in a research note on Thursday, July 7th. Moffett Nathanson reduced their target price on shares of Interpublic Group of Companies to $39.00 in a report on Friday, July 22nd. Wells Fargo & Company boosted their target price on shares of Interpublic Group of Companies to $36.00 in a research report on Friday, July 22nd. Finally, JPMorgan Chase & Co. cut their price target on Interpublic Group of Companies from $45.00 to $37.00 and set an "overweight" rating on the stock in a research report on Friday, July 8th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $37.56.