Interpublic Group of Companies (NYSE:IPG) Issues Quarterly Earnings Results

Interpublic Group of Companies (NYSE:IPG - Get Free Report) issued its earnings results on Tuesday. The business services provider reported $0.70 EPS for the quarter, hitting the consensus estimate of $0.70, RTT News reports. The company had revenue of $2.24 billion during the quarter, compared to analyst estimates of $2.30 billion. Interpublic Group of Companies had a return on equity of 27.98% and a net margin of 9.46%. The business's revenue was down 2.9% on a year-over-year basis. During the same quarter last year, the firm earned $0.70 EPS.

Interpublic Group of Companies Price Performance

IPG traded down $1.85 during trading on Tuesday, reaching $29.78. The stock had a trading volume of 9,295,285 shares, compared to its average volume of 3,935,047. The stock has a 50 day moving average of $31.39 and a two-hundred day moving average of $30.75. The company has a quick ratio of 1.06, a current ratio of 1.07 and a debt-to-equity ratio of 0.75. The firm has a market capitalization of $11.24 billion, a price-to-earnings ratio of 10.60, a price-to-earnings-growth ratio of 5.18 and a beta of 1.09. Interpublic Group of Companies has a 1-year low of $27.53 and a 1-year high of $35.17.

Interpublic Group of Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 17th. Investors of record on Tuesday, September 3rd were paid a dividend of $0.33 per share. The ex-dividend date was Tuesday, September 3rd. This represents a $1.32 dividend on an annualized basis and a dividend yield of 4.43%. Interpublic Group of Companies's dividend payout ratio is presently 46.98%.

Analyst Ratings Changes

IPG has been the subject of a number of research reports. Morgan Stanley downgraded shares of Interpublic Group of Companies from an "equal weight" rating to an "underweight" rating and decreased their price objective for the stock from $34.00 to $28.00 in a report on Monday, July 22nd. Macquarie reaffirmed a "neutral" rating and issued a $31.00 price target on shares of Interpublic Group of Companies in a report on Tuesday. BNP Paribas downgraded shares of Interpublic Group of Companies from a "neutral" rating to an "underperform" rating in a research report on Monday, September 30th. Wells Fargo & Company reissued an "underweight" rating and issued a $26.00 target price (down previously from $28.00) on shares of Interpublic Group of Companies in a report on Tuesday. Finally, JPMorgan Chase & Co. lowered Interpublic Group of Companies from an "overweight" rating to a "neutral" rating and lowered their target price for the company from $36.00 to $33.00 in a report on Tuesday, October 1st. Four analysts have rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $31.81.

About Interpublic Group of Companies

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.