Brokerages Expect Interpublic Group of Companies Inc (IPG) Will Post Quarterly Sales of $1.81 Billion

Analysts predict that Interpublic Group of Companies Inc (NYSE:IPG) will post sales of $1.81 billion for the current quarter, Zacks reports. Three analysts have made estimates for Interpublic Group of Companies’ earnings. The highest sales estimate is $1.82 billion and the lowest is $1.80 billion. Interpublic Group of Companies posted sales of $1.75 billion during the same quarter last year, which suggests a positive year-over-year growth rate of 3.4%. The business is scheduled to announce its next quarterly earnings report on Friday, April 20th.

According to Zacks, analysts expect that Interpublic Group of Companies will report full year sales of $1.81 billion for the current year, with estimates ranging from $8.03 billion to $8.20 billion. For the next year, analysts forecast that the firm will report sales of $8.37 billion per share, with estimates ranging from $8.25 billion to $8.50 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of analysts that that provide coverage for Interpublic Group of Companies.

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Interpublic Group of Companies (NYSE:IPG) last posted its quarterly earnings results on Wednesday, February 14th. The business services provider reported $0.79 EPS for the quarter, topping the consensus estimate of $0.77 by $0.02. Interpublic Group of Companies had a net margin of 7.35% and a return on equity of 27.07%. The company had revenue of $2.34 billion during the quarter, compared to analysts’ expectations of $2.30 billion. During the same quarter in the previous year, the business posted $0.81 EPS. The firm’s revenue was up 3.4% on a year-over-year basis.

Several research analysts have commented on the stock. Wells Fargo reiterated a “hold” rating on shares of Interpublic Group of Companies in a report on Wednesday, February 14th. Zacks Investment Research upgraded shares of Interpublic Group of Companies from a “hold” rating to a “buy” rating and set a $25.00 price target for the company in a report on Tuesday, February 13th. Morgan Stanley boosted their price target on shares of Interpublic Group of Companies to $23.00 and gave the stock an “equal weight” rating in a report on Wednesday, January 31st. Macquarie upgraded shares of Interpublic Group of Companies from an “underperform” rating to a “neutral” rating and set a $24.00 price target for the company in a report on Friday, February 16th. Finally, ValuEngine cut shares of Interpublic Group of Companies from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and seven have issued a buy rating to the company. Interpublic Group of Companies currently has an average rating of “Hold” and an average target price of $25.92.

NYSE IPG traded up $0.18 on Monday, hitting $23.03. 4,387,922 shares of the stock were exchanged, compared to its average volume of 5,796,863. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.58. Interpublic Group of Companies has a fifty-two week low of $18.30 and a fifty-two week high of $26.01. The stock has a market capitalization of $8,854.34, a PE ratio of 16.33, a price-to-earnings-growth ratio of 2.03 and a beta of 1.31.

Interpublic Group of Companies declared that its Board of Directors has initiated a stock repurchase plan on Wednesday, February 14th that authorizes the company to repurchase $300.00 million in shares. This repurchase authorization authorizes the business services provider to buy shares of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s management believes its stock is undervalued.

The business also recently announced a quarterly dividend, which was paid on Thursday, March 15th. Stockholders of record on Thursday, March 1st were issued a $0.21 dividend. This is a boost from Interpublic Group of Companies’s previous quarterly dividend of $0.18. The ex-dividend date of this dividend was Wednesday, February 28th. This represents a $0.84 annualized dividend and a dividend yield of 3.65%. Interpublic Group of Companies’s dividend payout ratio is presently 59.57%.

In related news, CFO Frank Mergenthaler sold 65,536 shares of the stock in a transaction on Thursday, March 1st. The shares were sold at an average price of $23.41, for a total transaction of $1,534,197.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Andrew Bonzani sold 28,627 shares of the stock in a transaction on Thursday, March 1st. The stock was sold at an average price of $23.46, for a total transaction of $671,589.42. The disclosure for this sale can be found here. In the last 90 days, insiders sold 448,258 shares of company stock valued at $10,563,009. Company insiders own 1.49% of the company’s stock.

A number of large investors have recently modified their holdings of the stock. Buckingham Capital Management Inc. boosted its stake in Interpublic Group of Companies by 13.4% during the 3rd quarter. Buckingham Capital Management Inc. now owns 20,075 shares of the business services provider’s stock worth $417,000 after purchasing an additional 2,370 shares during the period. Ladenburg Thalmann Financial Services Inc. boosted its stake in Interpublic Group of Companies by 15.8% during the 4th quarter. Ladenburg Thalmann Financial Services Inc. now owns 20,515 shares of the business services provider’s stock worth $414,000 after purchasing an additional 2,792 shares during the period. Amalgamated Bank boosted its stake in Interpublic Group of Companies by 3.5% during the 4th quarter. Amalgamated Bank now owns 83,110 shares of the business services provider’s stock worth $1,675,000 after purchasing an additional 2,814 shares during the period. D.A. Davidson & CO. raised its position in Interpublic Group of Companies by 18.4% during the 4th quarter. D.A. Davidson & CO. now owns 22,061 shares of the business services provider’s stock worth $445,000 after buying an additional 3,425 shares during the last quarter. Finally, Cambridge Investment Research Advisors Inc. raised its position in Interpublic Group of Companies by 31.2% during the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 16,183 shares of the business services provider’s stock worth $326,000 after buying an additional 3,845 shares during the last quarter. Hedge funds and other institutional investors own 99.49% of the company’s stock.

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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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Earnings History and Estimates for Interpublic Group of Companies (NYSE:IPG)

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