Interpublic Group of Companies (IPG) to Release Quarterly Earnings on Friday

Posted by Defense World Staff on Jul 14th, 2023

Interpublic Group of Companies (NYSE:IPG – Get Free Report) will be announcing its earnings results before the market opens on Friday, July 21st. Analysts expect the company to announce earnings of $0.61 per share for the quarter. Investors that wish to listen to the company’s conference call can do so using this link.

Interpublic Group of Companies (NYSE:IPG – Get Free Report) last issued its earnings results on Thursday, April 27th. The business services provider reported $0.38 EPS for the quarter, topping the consensus estimate of $0.31 by $0.07. The company had revenue of $2.52 billion for the quarter, compared to analyst estimates of $2.19 billion. Interpublic Group of Companies had a net margin of 8.31% and a return on equity of 29.28%. The business’s revenue was down 1.8% on a year-over-year basis. During the same period in the previous year, the firm earned $0.47 EPS. On average, analysts expect Interpublic Group of Companies to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Interpublic Group of Companies Price Performance

Shares of NYSE IPG opened at $39.41 on Friday. The firm has a market capitalization of $15.21 billion, a P/E ratio of 17.06, a PEG ratio of 1.63 and a beta of 1.11. Interpublic Group of Companies has a one year low of $25.14 and a one year high of $40.95. The company’s fifty day moving average is $38.32 and its two-hundred day moving average is $36.82. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.03 and a current ratio of 1.03.

Interpublic Group of Companies Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 20th. Shareholders of record on Tuesday, June 6th were given a dividend of $0.31 per share. The ex-dividend date was Monday, June 5th. This represents a $1.24 annualized dividend and a dividend yield of 3.15%. Interpublic Group of Companies’s payout ratio is currently 53.68%.

Institutional Investors Weigh In On Interpublic Group of Companies

Several hedge funds have recently modified their holdings of the stock. Rockefeller Capital Management L.P. boosted its position in shares of Interpublic Group of Companies by 22.2% in the fourth quarter. Rockefeller Capital Management L.P. now owns 1,734 shares of the business services provider’s stock worth $56,000 after acquiring an additional 315 shares during the last quarter. Meiji Yasuda Asset Management Co Ltd. boosted its position in shares of Interpublic Group of Companies by 2.8% in the fourth quarter. Meiji Yasuda Asset Management Co Ltd. now owns 11,732 shares of the business services provider’s stock worth $391,000 after acquiring an additional 320 shares during the last quarter. Clear Street Markets LLC boosted its position in shares of Interpublic Group of Companies by 94.9% in the first quarter. Clear Street Markets LLC now owns 764 shares of the business services provider’s stock worth $28,000 after acquiring an additional 372 shares during the last quarter. Nations Financial Group Inc. IA ADV boosted its position in shares of Interpublic Group of Companies by 5.6% in the first quarter. Nations Financial Group Inc. IA ADV now owns 8,104 shares of the business services provider’s stock worth $302,000 after acquiring an additional 432 shares during the last quarter. Finally, Colony Group LLC boosted its position in shares of Interpublic Group of Companies by 4.5% in the first quarter. Colony Group LLC now owns 10,188 shares of the business services provider’s stock worth $379,000 after acquiring an additional 440 shares during the last quarter. 98.45% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms recently commented on IPG. Barclays decreased their price objective on shares of Interpublic Group of Companies from $42.00 to $40.00 in a research report on Friday, April 28th. Bank of America boosted their price objective on shares of Interpublic Group of Companies from $40.00 to $44.00 in a research report on Sunday, July 2nd. BNP Paribas lowered shares of Interpublic Group of Companies from an “outperform” rating to a “neutral” rating and set a $40.00 price objective on the stock. in a research report on Wednesday, March 29th. Finally, StockNews.com upgraded shares of Interpublic Group of Companies from a “sell” rating to a “hold” rating in a research report on Monday, June 19th. Six equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $41.00.

About Interpublic Group of Companies

(Get Free Report)

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.