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
NYSE:IPG traded down $0.76 during trading hours on Wednesday, hitting $29.94. The company's stock had a trading volume of 3,591,464 shares, compared to its average volume of 3,686,980. The stock has a fifty day simple moving average of $28.64 and a 200-day simple moving average of $32.37. The company has a market capitalization of $11.71 billion, a P/E ratio of 12.07, a PEG ratio of 9.81 and a beta of 1.03. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.04 and a quick ratio of 1.04. Interpublic Group of Companies has a twelve month low of $26.36 and a twelve month high of $39.98.
Interpublic Group of Companies (NYSE:IPG - Get Rating) last released its quarterly earnings data on Thursday, July 21st. The business services provider reported $0.63 earnings per share for the quarter, beating the consensus estimate of $0.58 by $0.05. The business had revenue of $2.38 billion for the quarter, compared to analyst estimates 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 was up 4.7% compared to the same quarter last year. During the same period last year, the firm posted $0.70 earnings per share. On average, analysts anticipate that Interpublic Group of Companies will post 2.71 EPS for the current fiscal year.
Interpublic Group of Companies Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 15th. Investors of record on Thursday, September 1st will be paid a $0.29 dividend. This represents a $1.16 annualized dividend and a yield of 3.87%. The ex-dividend date of this dividend is Wednesday, August 31st. Interpublic Group of Companies's dividend payout ratio (DPR) is presently 46.77%.
Analyst Upgrades and Downgrades
A number of research analysts have commented on IPG shares. JPMorgan Chase & Co. decreased their price objective on Interpublic Group of Companies from $45.00 to $37.00 and set an "overweight" rating on the stock in a report on Friday, July 8th. Moffett Nathanson decreased their price objective on Interpublic Group of Companies to $39.00 in a report on Friday, July 22nd. Macquarie lowered Interpublic Group of Companies from an "outperform" rating to a "neutral" rating in a report on Thursday, June 23rd. Wells Fargo & Company increased their target price on Interpublic Group of Companies to $36.00 in a report on Friday, July 22nd. Finally, Morgan Stanley reduced their target price on Interpublic Group of Companies from $40.00 to $35.00 and set an "equal weight" rating on the stock in a report on Friday, June 10th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and five have given a buy rating to the company's stock. According to data from MarketBeat, Interpublic Group of Companies presently has a consensus rating of "Hold" and an average price target of $37.56.