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.
Wall Street Analyst Weigh In
Several research firms have recently commented on IPG. Moffett Nathanson lowered their price objective on shares of Interpublic Group of Companies to $39.00 in a research note on Friday, July 22nd. Morgan Stanley lowered their price objective on shares of Interpublic Group of Companies from $40.00 to $35.00 and set an "equal weight" rating for the company in a research note on Friday, June 10th. Citigroup lowered their price objective 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. JPMorgan Chase & Co. lowered their price objective on shares of Interpublic Group of Companies from $45.00 to $37.00 and set an "overweight" rating for the company in a research note on Friday, July 8th. Finally, Macquarie lowered shares of Interpublic Group of Companies from an "outperform" rating to a "neutral" rating in a research note on Thursday, June 23rd. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and five have assigned a buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $37.56.
Interpublic Group of Companies Stock Down 0.9 %
NYSE:IPG traded down $0.27 during mid-day trading on Tuesday, hitting $29.05. The stock had a trading volume of 2,939,454 shares, compared to its average volume of 3,725,471. The stock has a 50-day simple moving average of $28.76 and a two-hundred day simple moving average of $32.53. The company has a market capitalization of $11.36 billion, a PE ratio of 11.71, a PEG ratio of 9.32 and a beta of 1.03. Interpublic Group of Companies has a twelve month low of $26.36 and a twelve month high of $39.98. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.83.
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, topping analysts' consensus estimates of $0.58 by $0.05. Interpublic Group of Companies had a net margin of 9.16% and a return on equity of 29.37%. The company had revenue of $2.38 billion for the quarter, compared to analysts' expectations of $2.33 billion. During the same quarter last year, the company earned $0.70 earnings per share. The firm's revenue for the quarter was up 4.7% on a year-over-year basis. On average, equities research analysts anticipate that Interpublic Group of Companies will post 2.71 EPS for the current year.
Interpublic Group of Companies Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 15th. Shareholders of record on Thursday, September 1st will be issued a dividend of $0.29 per share. The ex-dividend date of this dividend is Wednesday, August 31st. This represents a $1.16 dividend on an annualized basis and a yield of 3.99%. Interpublic Group of Companies's payout ratio is currently 46.77%.