Brokers Offer Predictions for Interpublic Group of Companies Inc’s FY2022 Earnings (IPG)

Interpublic Group of Companies Inc (NYSE:IPG) – Analysts at Gabelli issued their FY2022 earnings estimates for Interpublic Group of Companies in a research note issued on Thursday. Gabelli analyst B. Lucas forecasts that the business services provider will post earnings of $2.27 per share for the year.

Other equities research analysts have also recently issued reports about the stock. Pivotal Research reiterated a “hold” rating and set a $26.00 price objective on shares of Interpublic Group of Companies in a research report on Monday. Macquarie upgraded shares of Interpublic Group of Companies from an “underperform” rating to a “neutral” rating and set a $24.00 price objective for the company in a research report on Friday. Wells Fargo & Co reiterated a “hold” rating on shares of Interpublic Group of Companies in a research report on Wednesday, February 14th. Jefferies Group reiterated a “neutral” rating on shares of Interpublic Group of Companies in a research report on Thursday, February 15th. Finally, BMO Capital Markets increased their price objective on shares of Interpublic Group of Companies from $25.00 to $27.00 and gave the stock an “outperform” rating in a research report on Thursday, February 15th. Two analysts have rated the stock with a sell rating, nine have given a hold rating and seven have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $26.07.

Shares of Interpublic Group of Companies (NYSE IPG) traded down $0.63 during midday trading on Monday, reaching $24.70. 8,074,209 shares of the company’s stock traded hands, compared to its average volume of 6,111,403. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.93 and a current ratio of 0.93. Interpublic Group of Companies has a 1 year low of $18.30 and a 1 year high of $26.01. The firm has a market cap of $9,843.46, a PE ratio of 16.78, a P/E/G ratio of 1.99 and a beta of 1.45.

Interpublic Group of Companies (NYSE:IPG) last announced its quarterly earnings results on Wednesday, February 14th. The business services provider reported $0.79 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ 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 27.80%. The firm had revenue of $2.34 billion during the quarter, compared to analysts’ expectations of $2.30 billion. During the same period in the prior year, the company posted $0.81 EPS. The company’s revenue was up 3.4% on a year-over-year basis.

Interpublic Group of Companies declared that its board has authorized a share repurchase plan on Wednesday, February 14th that permits the company to buyback $300.00 million in outstanding shares. This buyback authorization permits the business services provider to purchase shares of its stock through open market purchases. Shares buyback plans are typically a sign that the company’s board of directors believes its shares are undervalued.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 15th. Shareholders of record on Thursday, March 1st will be paid a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.40%. This is a positive change from Interpublic Group of Companies’s previous quarterly dividend of $0.18. The ex-dividend date is Wednesday, February 28th. Interpublic Group of Companies’s dividend payout ratio (DPR) is 48.98%.

Institutional investors have recently added to or reduced their stakes in the business. Itau Unibanco Holding S.A. bought a new position in shares of Interpublic Group of Companies in the fourth quarter valued at $113,000. NuWave Investment Management LLC bought a new position in shares of Interpublic Group of Companies during the fourth quarter valued at about $129,000. Ameritas Investment Partners Inc. lifted its position in shares of Interpublic Group of Companies by 1.0% during the second quarter. Ameritas Investment Partners Inc. now owns 9,123 shares of the business services provider’s stock valued at $224,000 after purchasing an additional 90 shares in the last quarter. Cubist Systematic Strategies LLC lifted its position in shares of Interpublic Group of Companies by 98.9% during the second quarter. Cubist Systematic Strategies LLC now owns 9,589 shares of the business services provider’s stock valued at $236,000 after purchasing an additional 4,768 shares in the last quarter. Finally, MML Investors Services LLC bought a new position in shares of Interpublic Group of Companies during the fourth quarter valued at about $201,000. 99.88% of the stock is currently owned by hedge funds and other institutional investors.

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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).

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

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