Media headlines about Interpublic Group of Companies (NYSE:IPG) have been trending positive on Saturday, according to Accern Sentiment Analysis. The research firm rates the sentiment of media coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Interpublic Group of Companies earned a coverage optimism score of 0.47 on Accern’s scale. Accern also assigned press coverage about the business services provider an impact score of 45.946847463598 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
Here are some of the media headlines that may have effected Accern Sentiment Analysis’s analysis:
A number of research firms recently weighed in on IPG. Pivotal Research reissued a “hold” rating and set a $26.00 price objective on shares of Interpublic Group of Companies in a research report on Monday, February 19th. Macquarie raised shares of Interpublic Group of Companies from an “underperform” rating to a “neutral” rating and set a $24.00 price target on the stock in a research report on Friday, February 16th. Wells Fargo reaffirmed a “hold” rating on shares of Interpublic Group of Companies in a research report on Wednesday, February 14th. Jefferies Group reaffirmed a “neutral” rating on shares of Interpublic Group of Companies in a research report on Thursday, February 15th. Finally, BMO Capital Markets raised their price target on shares of Interpublic Group of Companies from $25.00 to $27.00 and gave the company an “outperform” rating in a research report on Thursday, February 15th. One equities 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. The company has an average rating of “Hold” and a consensus price target of $25.85.
Interpublic Group of Companies stock traded down $0.14 during mid-day trading on Friday, reaching $23.15. The company’s stock had a trading volume of 3,475,070 shares, compared to its average volume of 4,945,055. Interpublic Group of Companies has a 12-month low of $18.30 and a 12-month high of $26.01. The firm has a market capitalization of $8,954.30, a price-to-earnings ratio of 16.42, a P/E/G ratio of 2.05 and a beta of 1.31. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.58.
Interpublic Group of Companies (NYSE:IPG) last released its quarterly earnings data on Wednesday, February 14th. The business services provider reported $0.79 earnings per share for the quarter, beating analysts’ consensus estimates 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 business had revenue of $2.34 billion during the quarter, compared to analyst estimates of $2.30 billion. During the same period in the previous year, the business earned $0.81 EPS. Interpublic Group of Companies’s revenue was up 3.4% compared to the same quarter last year. equities research analysts forecast that Interpublic Group of Companies will post 1.7 EPS for the current year.
Interpublic Group of Companies declared that its Board of Directors has approved a stock buyback plan on Wednesday, February 14th that permits the company to repurchase $300.00 million in shares. This repurchase authorization permits the business services provider to repurchase shares of its stock through open market purchases. Shares repurchase plans are often an indication that the company’s board of directors believes its shares are undervalued.
The company also recently declared a quarterly dividend, which was paid on Thursday, March 15th. Shareholders of record on Thursday, March 1st were issued a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 3.63%. This is an increase from Interpublic Group of Companies’s previous quarterly dividend of $0.18. The ex-dividend date of this dividend was Wednesday, February 28th. Interpublic Group of Companies’s dividend payout ratio (DPR) is presently 59.57%.
In other Interpublic Group of Companies news, CAO Christopher F. Carroll sold 21,000 shares of the firm’s stock in a transaction on Wednesday, February 28th. The shares were sold at an average price of $23.62, for a total value of $496,020.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Frank Mergenthaler sold 65,536 shares of Interpublic Group of Companies stock in a transaction on Thursday, March 1st. The stock was sold at an average price of $23.41, for a total transaction of $1,534,197.76. The disclosure for this sale can be found here. Over the last three months, insiders sold 448,258 shares of company stock valued at $10,563,009. Insiders own 1.49% of the company’s stock.
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About Interpublic Group of Companies
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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