Interpublic Group of Companies Inc (IPG) Expected to Post Quarterly Sales of $1.88 Billion

Analysts expect that Interpublic Group of Companies Inc (NYSE:IPG) will report sales of $1.88 billion for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for Interpublic Group of Companies’ earnings. The highest sales estimate is $1.89 billion and the lowest is $1.87 billion. Interpublic Group of Companies posted sales of $1.90 billion during the same quarter last year, which suggests a negative year-over-year growth rate of 1.1%. The business is expected to issue its next earnings report before the market opens on Friday, October 19th.

According to Zacks, analysts expect that Interpublic Group of Companies will report full-year sales of $8.49 billion for the current year, with estimates ranging from $7.76 billion to $9.65 billion. For the next financial year, analysts forecast that the company will post sales of $8.94 billion, with estimates ranging from $8.00 billion to $10.47 billion. Zacks’ sales calculations are a mean average based on a survey of analysts that cover Interpublic Group of Companies.

Interpublic Group of Companies (NYSE:IPG) last posted its quarterly earnings data on Tuesday, July 24th. The business services provider reported $0.43 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.43. The company had revenue of $1.95 billion during the quarter, compared to analysts’ expectations of $1.91 billion. Interpublic Group of Companies had a net margin of 6.75% and a return on equity of 28.53%. The firm’s revenue for the quarter was up 3.5% on a year-over-year basis. During the same period in the prior year, the company posted $0.27 EPS.

A number of equities analysts have weighed in on the stock. Pivotal Research decreased their price objective on shares of Interpublic Group of Companies from $25.00 to $23.00 and set a “hold” rating for the company in a research report on Tuesday, July 3rd. ValuEngine raised shares of Interpublic Group of Companies from a “sell” rating to a “hold” rating in a research report on Thursday, July 26th. Morgan Stanley reissued an “equal weight” rating and issued a $24.00 price objective on shares of Interpublic Group of Companies in a research report on Monday. Zacks Investment Research raised shares of Interpublic Group of Companies from a “hold” rating to a “buy” rating and set a $26.00 price objective for the company in a research report on Tuesday, September 25th. Finally, JPMorgan Chase & Co. assumed coverage on shares of Interpublic Group of Companies in a research report on Thursday, October 11th. They issued an “overweight” rating for the company. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and four have issued a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $25.22.

In other news, CFO Frank Mergenthaler sold 50,000 shares of the stock in a transaction dated Tuesday, August 21st. The shares were sold at an average price of $22.46, for a total transaction of $1,123,000.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 1.32% of the company’s stock.

Several hedge funds have recently modified their holdings of IPG. Dimensional Fund Advisors LP lifted its position in shares of Interpublic Group of Companies by 2.9% during the first quarter. Dimensional Fund Advisors LP now owns 2,673,693 shares of the business services provider’s stock worth $61,575,000 after purchasing an additional 76,493 shares during the last quarter. Stifel Financial Corp lifted its position in shares of Interpublic Group of Companies by 53.9% during the first quarter. Stifel Financial Corp now owns 82,951 shares of the business services provider’s stock worth $1,908,000 after purchasing an additional 29,056 shares during the last quarter. Nuveen Asset Management LLC bought a new position in shares of Interpublic Group of Companies during the first quarter worth about $281,000. Ladenburg Thalmann Financial Services Inc. lifted its position in shares of Interpublic Group of Companies by 18.4% during the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 24,300 shares of the business services provider’s stock worth $558,000 after purchasing an additional 3,785 shares during the last quarter. Finally, Millennium Management LLC lifted its position in shares of Interpublic Group of Companies by 91.7% during the first quarter. Millennium Management LLC now owns 1,902,027 shares of the business services provider’s stock worth $43,804,000 after purchasing an additional 909,836 shares during the last quarter. 99.76% of the stock is currently owned by institutional investors and hedge funds.

NYSE:IPG opened at $22.20 on Thursday. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.94 and a quick ratio of 0.94. The stock has a market capitalization of $8.78 billion, a price-to-earnings ratio of 15.74, a PEG ratio of 1.73 and a beta of 1.17. Interpublic Group of Companies has a 1-year low of $18.30 and a 1-year high of $26.01.

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 18th. Stockholders of record on Tuesday, September 4th were given a dividend of $0.21 per share. The ex-dividend date was Friday, August 31st. This represents a $0.84 annualized dividend and a dividend yield of 3.78%. Interpublic Group of Companies’s payout ratio is 59.57%.

About Interpublic Group of Companies

The Interpublic Group of Companies, Inc provides advertising and marketing services worldwide. The company operates through two segments, Integrated Agency Networks and Constituency Management Group. It offers consumer advertising, digital marketing, communications planning and media buying, public relations, and specialized communications disciplines.

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