Wpp Plc (NYSE:WPP – Get Free Report) announced a dividend on Thursday, August 6th. Shareholders of record on Friday, October 9th will be paid a dividend of 0.5052 per share by the business services provider on Monday, November 2nd. This represents a yield of 390.0%. The ex-dividend date is Friday, October 9th.
WPP has decreased its dividend by an average of 0.3%per year over the last three years. WPP has a dividend payout ratio of 17.7% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect WPP to earn $4.05 per share next year, which means the company should continue to be able to cover its $0.96 annual dividend with an expected future payout ratio of 23.7%.
WPP Stock Up 25.6%
Shares of WPP stock opened at $25.88 on Friday. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 1.48. The business has a 50-day moving average price of $18.52 and a two-hundred day moving average price of $18.13. WPP has a 1-year low of $14.81 and a 1-year high of $27.50.
WPP News Summary
- Positive Sentiment: WPP said revenue less pass-through costs declined 4.7% on a like-for-like basis in the first half, better than management’s prior expectation of a mid- to high-single-digit decline. Improving media performance provided early evidence that the turnaround plan is working. WPP revenue decline eases as turnaround gains traction
- Positive Sentiment: The company’s latest results beat analyst expectations on revenue, reporting approximately $4.22 billion for the quarter versus a $3.23 billion consensus estimate. The narrower top-line contraction and recovery in media operations were key reasons investors responded favorably. WPP results beat analyst forecasts, sees shares jump up
- Positive Sentiment: Industry commentary identifies digital marketing and artificial intelligence as potential growth drivers for WPP, despite broader pressure from economic uncertainty, elevated costs and constrained client budgets. 3 Advertising & Marketing Stocks to Watch Amid Industry Woes
- Neutral Sentiment: WPP appointed Bhushan Bagkar as vice president of strategy at WPP Media. The move may support execution of the company’s media strategy but is unlikely to materially affect near-term earnings. Bhushan Bagkar takes on Vice President Strategy role at WPP Media
- Negative Sentiment: UBS maintained its “sell” rating, arguing it is too early to declare the turnaround successful. Although it raised its target price to 250 pence from 210 pence, that target remains well below WPP’s current London-listed share price, signaling substantial valuation and execution concerns. UBS keeps sell rating on WPP despite share price surge
- Negative Sentiment: Reported quarterly EPS of $0.50 missed the $0.81 consensus estimate by $0.31, indicating that earnings profitability remains a weakness even as revenue trends improve.
WPP Company Profile
WPP plc (NYSE: WPP) is a British multinational advertising and public relations company headquartered in London, England. Recognized as one of the world’s largest communications services groups, WPP provides a wide array of marketing, advertising, media investment management and data consultancy services. Through its integrated network of agencies—among them Ogilvy, Grey, GroupM and Wavemaker—the company delivers creative content, brand strategy, digital transformation and media planning solutions to clients across virtually every industry.
Established in 1971 by Martin Sorrell as Wire and Plastic Products, the firm underwent a strategic transformation in the 1980s, focusing on acquisitions that expanded its capabilities into advertising and communications.
Recommended Stories
- Five stocks we like better than WPP
- No Hangover: Revisiting Microsoft One Week After Earnings
- Western Digital Stock Falls 12% Despite Beating Earnings Estimates
- One Comment on CVS’s Earnings Call Sent the Stock Tumbling
- Sandisk Just Delivered a Blowout Quarter—Here’s Why the Stock Is Falling
Receive News & Ratings for WPP Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for WPP and related companies with MarketBeat.com's FREE daily email newsletter.
