Interpublic Group of Companies (IPG) to Release Earnings on Thursday

Interpublic Group of Companies (NYSE:IPG - Get Free Report) is anticipated to post its quarterly earnings results before the market opens on Thursday, April 24th. Analysts expect Interpublic Group of Companies to post earnings of $0.30 per share and revenue of $1.98 billion for the quarter. Parties that are interested in registering for the company's conference call can do so using this link.

Interpublic Group of Companies (NYSE:IPG - Get Free Report) last announced its quarterly earnings results on Wednesday, February 12th. The business services provider reported $1.11 EPS for the quarter, missing the consensus estimate of $1.15 by ($0.04). Interpublic Group of Companies had a return on equity of 27.10% and a net margin of 6.45%. On average, analysts expect Interpublic Group of Companies to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Interpublic Group of Companies Price Performance

IPG traded up $0.64 during midday trading on Friday, reaching $23.91. 4,458,689 shares of the company's stock were exchanged, compared to its average volume of 5,121,227. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.09 and a quick ratio of 1.09. The business's 50-day moving average price is $26.18 and its 200 day moving average price is $28.22. Interpublic Group of Companies has a 1-year low of $22.51 and a 1-year high of $33.05. The stock has a market capitalization of $8.91 billion, a PE ratio of 13.07 and a beta of 1.01.

Interpublic Group of Companies declared that its board has approved a share repurchase program on Wednesday, February 12th that permits the company to repurchase $155.00 million in outstanding shares. This repurchase authorization permits the business services provider to repurchase up to 1.6% of its stock through open market purchases. Stock repurchase programs are generally an indication that the company's board of directors believes its stock is undervalued.

Interpublic Group of Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were given a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 5.52%. The ex-dividend date was Monday, March 3rd. Interpublic Group of Companies's dividend payout ratio is presently 72.13%.

Analyst Ratings Changes

A number of research firms recently weighed in on IPG. Barclays raised shares of Interpublic Group of Companies from an "equal weight" rating to an "overweight" rating and raised their price target for the company from $32.00 to $36.00 in a report on Friday, January 24th. Citigroup reaffirmed a "buy" rating and issued a $35.00 price objective on shares of Interpublic Group of Companies in a report on Tuesday. Argus cut Interpublic Group of Companies from a "buy" rating to a "hold" rating in a research report on Tuesday, February 18th. UBS Group upgraded shares of Interpublic Group of Companies from a "sell" rating to a "neutral" rating and cut their price objective for the company from $29.00 to $27.00 in a research report on Thursday, February 13th. Finally, BNP Paribas upgraded Interpublic Group of Companies from an "underperform" rating to an "outperform" rating and set a $38.00 price target for the company in a research report on Friday, January 10th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and five have assigned a buy rating to the company's stock. According to data from MarketBeat, Interpublic Group of Companies has a consensus rating of "Hold" and a consensus target price of $33.67.

Insider Buying and Selling at Interpublic Group of Companies

In other news, CFO Ellen Tobi Johnson sold 21,427 shares of Interpublic Group of Companies stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $26.82, for a total transaction of $574,672.14. Following the completion of the sale, the chief financial officer now owns 143,373 shares in the company, valued at $3,845,263.86. The trade was a 13.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.42% 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.