Zacks Research Has Bullish Estimate for IPG FY2024 Earnings

The Interpublic Group of Companies, Inc. (NYSE:IPG - Free Report) - Equities researchers at Zacks Research upped their FY2024 earnings per share (EPS) estimates for shares of Interpublic Group of Companies in a research report issued to clients and investors on Tuesday, November 12th. Zacks Research analyst R. Department now forecasts that the business services provider will post earnings of $2.79 per share for the year, up from their previous forecast of $2.73. The consensus estimate for Interpublic Group of Companies' current full-year earnings is $2.81 per share. Zacks Research also issued estimates for Interpublic Group of Companies' Q4 2024 earnings at $1.12 EPS, Q4 2025 earnings at $0.67 EPS, FY2025 earnings at $2.75 EPS, Q1 2026 earnings at $0.72 EPS, Q2 2026 earnings at $0.73 EPS, Q3 2026 earnings at $0.66 EPS and FY2026 earnings at $2.87 EPS.

A number of other research firms have also commented on IPG. StockNews.com upgraded Interpublic Group of Companies from a "sell" rating to a "hold" rating in a research report on Saturday, November 9th. Macquarie reaffirmed a "neutral" rating and set a $31.00 price target on shares of Interpublic Group of Companies in a research note on Tuesday, October 22nd. Wells Fargo & Company reissued an "underweight" rating and issued a $26.00 price objective (down from $28.00) on shares of Interpublic Group of Companies in a research note on Tuesday, October 22nd. UBS Group downgraded Interpublic Group of Companies from a "neutral" rating to a "sell" rating and decreased their price target for the company from $34.00 to $29.00 in a research report on Thursday, September 12th. Finally, JPMorgan Chase & Co. lowered Interpublic Group of Companies from an "overweight" rating to a "neutral" rating and reduced their price objective 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 assigned a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $30.57.

Interpublic Group of Companies Price Performance

IPG stock traded down $0.04 during midday trading on Thursday, reaching $29.25. 2,069,830 shares of the stock were exchanged, compared to its average volume of 3,904,647. The stock has a market capitalization of $10.90 billion, a PE ratio of 13.82 and a beta of 1.10. Interpublic Group of Companies has a 52 week low of $28.00 and a 52 week high of $35.17. 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 company has a fifty day moving average price of $30.74 and a 200 day moving average price of $30.63.

Interpublic Group of Companies (NYSE:IPG - Get Free Report) last posted its quarterly earnings results on Tuesday, October 22nd. The business services provider reported $0.70 EPS for the quarter, hitting analysts' consensus estimates of $0.70. Interpublic Group of Companies had a return on equity of 27.76% and a net margin of 7.44%. The company had revenue of $2.24 billion during the quarter, compared to analysts' expectations of $2.30 billion. During the same quarter in the previous year, the firm earned $0.70 EPS. Interpublic Group of Companies's revenue was down 2.9% on a year-over-year basis.

Institutional Investors Weigh In On Interpublic Group of Companies

Institutional investors and hedge funds have recently made changes to their positions in the business. Boston Trust Walden Corp raised its position in shares of Interpublic Group of Companies by 3.0% in the second quarter. Boston Trust Walden Corp now owns 1,187,086 shares of the business services provider's stock worth $34,532,000 after buying an additional 34,965 shares in the last quarter. Tidal Investments LLC raised its position in Interpublic Group of Companies by 68.0% during the first quarter. Tidal Investments LLC now owns 121,031 shares of the business services provider's stock valued at $3,949,000 after purchasing an additional 48,996 shares in the last quarter. SG Americas Securities LLC raised its position in Interpublic Group of Companies by 176.5% during the second quarter. SG Americas Securities LLC now owns 254,498 shares of the business services provider's stock valued at $7,403,000 after purchasing an additional 162,468 shares in the last quarter. Councilmark Asset Management LLC purchased a new stake in Interpublic Group of Companies during the first quarter valued at about $1,076,000. Finally, Andra AP fonden raised its position in Interpublic Group of Companies by 16.2% during the second quarter. Andra AP fonden now owns 532,100 shares of the business services provider's stock valued at $15,479,000 after purchasing an additional 74,200 shares in the last quarter. Hedge funds and other institutional investors own 98.43% of the company's stock.

Interpublic Group of Companies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 2nd will be given a $0.33 dividend. The ex-dividend date is Monday, December 2nd. This represents a $1.32 dividend on an annualized basis and a dividend yield of 4.51%. Interpublic Group of Companies's dividend payout ratio (DPR) is presently 62.26%.

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.