Interpublic Group of Companies (NYSE:IPG) posted its quarterly earnings data on Wednesday. The business services provider reported $0.79 EPS for the quarter, topping the Zacks’ consensus estimate of $0.77 by $0.02, Bloomberg Earnings reports. Interpublic Group of Companies had a return on equity of 27.38% and a net margin of 7.43%. The company had revenue of $2.34 billion for the quarter, compared to the consensus estimate of $2.30 billion. During the same quarter in the previous year, the business earned $0.81 EPS. The company’s quarterly revenue was up 3.4% compared to the same quarter last year.
Interpublic Group of Companies (IPG) opened at $24.49 on Thursday. Interpublic Group of Companies has a twelve month low of $18.30 and a twelve month high of $25.71. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.63. The firm has a market capitalization of $8,634.88, a price-to-earnings ratio of 17.01, a PEG ratio of 2.29 and a beta of 1.45.
A number of analysts have recently commented on IPG shares. BMO Capital Markets dropped their price objective on Interpublic Group of Companies from $26.00 to $25.00 and set an “outperform” rating on the stock in a research note on Thursday, October 26th. Bank of America lowered Interpublic Group of Companies from a “neutral” rating to an “underperform” rating in a research report on Thursday, January 25th. TheStreet lowered Interpublic Group of Companies from a “b-” rating to a “c+” rating in a research report on Wednesday, November 22nd. Macquarie lowered Interpublic Group of Companies from a “neutral” rating to an “underperform” rating in a research report on Tuesday, January 2nd. Finally, ValuEngine lowered Interpublic Group of Companies from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. Three research analysts have rated the stock with a sell rating, seven have given a hold rating and eight have issued a buy rating to the company’s stock. Interpublic Group of Companies has an average rating of “Hold” and a consensus target price of $25.93.
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Interpublic Group of Companies Company Profile
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).
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