FY2017 Earnings Forecast for Interpublic Group of Companies, Inc. (The) Issued By Jefferies Group (NYSE:IPG)

Interpublic Group of Companies, Inc. (The) (NYSE:IPG) – Jefferies Group lowered their FY2017 earnings per share (EPS) estimates for Interpublic Group of Companies, Inc. (The) in a research note issued on Tuesday, according to Zacks Investment Research. Jefferies Group analyst J. Janedis now anticipates that the business services provider will earn $1.40 per share for the year, down from their prior forecast of $1.43. Jefferies Group has a “Buy” rating and a $26.00 price objective on the stock. Jefferies Group also issued estimates for Interpublic Group of Companies, Inc. (The)’s Q2 2018 earnings at $0.30 EPS, Q4 2018 earnings at $0.85 EPS, FY2018 earnings at $1.50 EPS, Q2 2019 earnings at $0.33 EPS, Q3 2019 earnings at $0.40 EPS and FY2019 earnings at $1.63 EPS.

Other analysts have also issued research reports about the company. BMO Capital Markets reiterated an “outperform” rating and issued a $26.00 price target (down previously from $27.00) on shares of Interpublic Group of Companies, Inc. (The) in a report on Wednesday, July 26th. Royal Bank of Canada reiterated a “buy” rating and issued a $29.00 price target on shares of Interpublic Group of Companies, Inc. (The) in a report on Friday, July 14th. Telsey Advisory Group lowered their price target on Interpublic Group of Companies, Inc. (The) from $29.00 to $27.00 and set an “outperform” rating for the company in a report on Wednesday, July 26th. BidaskClub lowered Interpublic Group of Companies, Inc. (The) from a “buy” rating to a “hold” rating in a report on Monday, July 31st. Finally, Zacks Investment Research upgraded Interpublic Group of Companies, Inc. (The) from a “sell” rating to a “hold” rating in a report on Tuesday, September 26th. Three equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and ten have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $25.77.

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Shares of Interpublic Group of Companies, Inc. (NYSE IPG) traded up $0.01 during midday trading on Wednesday, hitting $18.79. The company had a trading volume of 6,741,300 shares, compared to its average volume of 4,799,543. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.63. The stock has a market capitalization of $7,298.07, a price-to-earnings ratio of 13.61, a price-to-earnings-growth ratio of 1.16 and a beta of 1.46. Interpublic Group of Companies, Inc. has a 12-month low of $18.46 and a 12-month high of $25.71.

Interpublic Group of Companies, Inc. (The) (NYSE:IPG) last released its earnings results on Tuesday, October 24th. The business services provider reported $0.31 EPS for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.02). The business had revenue of $1.90 billion for the quarter, compared to the consensus estimate of $1.96 billion. Interpublic Group of Companies, Inc. (The) had a net margin of 7.43% and a return on equity of 27.38%. The company’s quarterly revenue was down 1.0% compared to the same quarter last year. During the same period in the prior year, the company posted $0.31 EPS.

In other Interpublic Group of Companies, Inc. (The) news, SVP Ellen Tobi Johnson sold 20,000 shares of the stock in a transaction dated Monday, August 21st. The stock was sold at an average price of $20.50, for a total transaction of $410,000.00. The sale was disclosed in a filing with the SEC, which is available through this link. 1.49% of the stock is owned by corporate insiders.

Institutional investors and hedge funds have recently made changes to their positions in the business. Acrospire Investment Management LLC grew its position in Interpublic Group of Companies, Inc. (The) by 755.0% during the 2nd quarter. Acrospire Investment Management LLC now owns 4,506 shares of the business services provider’s stock worth $111,000 after purchasing an additional 3,979 shares during the period. Capstone Investment Advisors Netherlands B.V. grew its position in Interpublic Group of Companies, Inc. (The) by 35.6% during the 2nd quarter. Capstone Investment Advisors Netherlands B.V. now owns 4,775 shares of the business services provider’s stock worth $117,000 after purchasing an additional 1,254 shares during the period. Global X Management Co. LLC grew its position in Interpublic Group of Companies, Inc. (The) by 29.9% during the 1st quarter. Global X Management Co. LLC now owns 5,502 shares of the business services provider’s stock worth $135,000 after purchasing an additional 1,266 shares during the period. Exane Derivatives grew its position in Interpublic Group of Companies, Inc. (The) by 181.3% during the 2nd quarter. Exane Derivatives now owns 5,634 shares of the business services provider’s stock worth $139,000 after purchasing an additional 3,631 shares during the period. Finally, First Bank & Trust grew its position in Interpublic Group of Companies, Inc. (The) by 22.7% during the 2nd quarter. First Bank & Trust now owns 7,004 shares of the business services provider’s stock worth $172,000 after purchasing an additional 1,296 shares during the period. 99.65% of the stock is currently owned by institutional investors.

Interpublic Group of Companies, Inc. (The) 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, Inc. (The) (NYSE:IPG)

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