Interpublic Group of Companies, Inc. (The) (NYSE:IPG) Announces Earnings Results

Interpublic Group of Companies, Inc. (The) (NYSE:IPG) announced its quarterly earnings data on Tuesday, July 25th. The business services provider reported $0.27 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.34 by $0.07, Morningstar.com reports. Interpublic Group of Companies, Inc. (The) had a net margin of 7.19% and a return on equity of 27.72%. The company had revenue of $1.88 billion for the quarter, compared to the consensus estimate of $1.95 billion. During the same period last year, the business posted $0.33 earnings per share. The firm’s quarterly revenue was down 1.7% compared to the same quarter last year.

Shares of Interpublic Group of Companies, Inc. (NYSE:IPG) traded down 0.53% during trading on Friday, reaching $20.67. 4,538,715 shares of the company were exchanged. The firm has a market capitalization of $8.13 billion, a PE ratio of 14.88 and a beta of 1.53. The company’s 50-day moving average is $23.49 and its 200 day moving average is $24.09. Interpublic Group of Companies, Inc. has a 1-year low of $20.65 and a 1-year high of $25.71.

TRADEMARK VIOLATION NOTICE: “Interpublic Group of Companies, Inc. (The) (NYSE:IPG) Announces Earnings Results” was first posted by Stock Observer and is the sole property of of Stock Observer. If you are accessing this story on another domain, it was illegally copied and reposted in violation of United States & international copyright & trademark law. The legal version of this story can be accessed at https://www.thestockobserver.com/2017/08/12/interpublic-group-of-companies-inc-the-nyseipg-announces-earnings-results-misses-estimates-by-0-07-eps-updated-updated.html.

IPG has been the topic of a number of recent research reports. Macquarie cut Interpublic Group of Companies, Inc. (The) from an “outperform” rating to a “neutral” rating and reduced their price objective for the company from $28.00 to $24.00 in a research note on Tuesday, June 6th. Jefferies Group LLC reissued a “buy” rating and issued a $27.00 target price on shares of Interpublic Group of Companies, Inc. (The) in a research note on Monday, May 22nd. Telsey Advisory Group raised their target price on Interpublic Group of Companies, Inc. (The) from $28.00 to $29.00 and gave the stock an “outperform” rating in a research note on Monday, April 24th. BidaskClub cut Interpublic Group of Companies, Inc. (The) from a “buy” rating to a “hold” rating in a research note on Monday, July 31st. Finally, Morgan Stanley reissued an “equal weight” rating and issued a $24.00 target price (down from $26.00) on shares of Interpublic Group of Companies, Inc. (The) in a research note on Wednesday, July 26th. Three equities research analysts have rated the stock with a sell rating, six have given a hold rating and nine have assigned a buy rating to the company’s stock. Interpublic Group of Companies, Inc. (The) presently has an average rating of “Hold” and an average target price of $26.21.

In related news, SVP Julie Connors sold 5,854 shares of the firm’s stock in a transaction on Thursday, June 22nd. The shares were sold at an average price of $24.26, for a total transaction of $142,018.04. Following the completion of the transaction, the senior vice president now owns 10,592 shares of the company’s stock, valued at $256,961.92. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 1.49% of the company’s stock.

Hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its stake in Interpublic Group of Companies, Inc. (The) by 1.1% in the second quarter. Vanguard Group Inc. now owns 39,967,140 shares of the business services provider’s stock valued at $983,192,000 after buying an additional 419,048 shares in the last quarter. BlackRock Inc. raised its stake in Interpublic Group of Companies, Inc. (The) by 2.7% in the second quarter. BlackRock Inc. now owns 36,204,064 shares of the business services provider’s stock valued at $890,619,000 after buying an additional 936,771 shares in the last quarter. Boston Partners raised its stake in Interpublic Group of Companies, Inc. (The) by 1.7% in the second quarter. Boston Partners now owns 21,969,850 shares of the business services provider’s stock valued at $540,459,000 after buying an additional 376,427 shares in the last quarter. Massachusetts Financial Services Co. MA raised its stake in Interpublic Group of Companies, Inc. (The) by 22.4% in the first quarter. Massachusetts Financial Services Co. MA now owns 18,648,240 shares of the business services provider’s stock valued at $458,188,000 after buying an additional 3,411,539 shares in the last quarter. Finally, Goldman Sachs Group Inc. raised its stake in Interpublic Group of Companies, Inc. (The) by 34.4% in the first quarter. Goldman Sachs Group Inc. now owns 7,044,673 shares of the business services provider’s stock valued at $173,087,000 after buying an additional 1,802,258 shares in the last quarter. Institutional investors own 98.40% of the company’s stock.

About Interpublic Group of Companies, Inc. (The)

The Interpublic Group of Companies, Inc is a global advertising and marketing services company. The Company specializes in consumer advertising, digital marketing, communications planning and media buying, public relations and specialized communications disciplines. It operates in two segments: Integrated Agency Networks (IAN) and Constituency Management Group (CMG).

Earnings History for Interpublic Group of Companies, Inc. (The) (NYSE:IPG)

Receive News & Ratings for Interpublic Group of Companies Inc. (The) Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Interpublic Group of Companies Inc. (The) and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply