Analysts Anticipate Interpublic Group of Companies (IPG) Will Announce Earnings of $0.04 Per Share

Wall Street brokerages expect that Interpublic Group of Companies (NYSE:IPG) will post earnings per share (EPS) of $0.04 for the current quarter, according to Zacks. Three analysts have provided estimates for Interpublic Group of Companies’ earnings. The lowest EPS estimate is $0.03 and the highest is $0.04. Interpublic Group of Companies posted earnings of $0.05 per share in the same quarter last year, which would suggest a negative year over year growth rate of 20%. The firm is scheduled to issue its next quarterly earnings report before the market opens on Friday, April 27th.

On average, analysts expect that Interpublic Group of Companies will report full-year earnings of $1.70 per share for the current financial year, with EPS estimates ranging from $1.68 to $1.73. For the next year, analysts expect that the company will report earnings of $1.82 per share, with EPS estimates ranging from $1.72 to $1.88. Zacks’ earnings per share averages are an average based on a survey of research firms that follow Interpublic Group of Companies.

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Interpublic Group of Companies (NYSE:IPG) last announced its 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 return on equity of 27.07% and a net margin of 7.35%. The company had revenue of $2.34 billion for the quarter, compared to analyst estimates of $2.30 billion. During the same period in the prior year, the company posted $0.81 EPS. The firm’s quarterly revenue was up 3.4% compared to the same quarter last year.

Several analysts have weighed in on IPG shares. Macquarie downgraded Interpublic Group of Companies from a “neutral” rating to an “underperform” rating in a research note on Tuesday, January 2nd. Wells Fargo downgraded Interpublic Group of Companies from an “outperform” rating to a “market perform” rating and set a $23.00 price target on the stock. in a research note on Thursday, January 18th. Pivotal Research reiterated a “buy” rating and set a $26.00 price target on shares of Interpublic Group of Companies in a research note on Tuesday, January 23rd. Zacks Investment Research upgraded Interpublic Group of Companies from a “sell” rating to a “hold” rating in a research note on Wednesday, January 24th. Finally, Bank of America downgraded Interpublic Group of Companies from a “neutral” rating to an “underperform” rating in a research note on Thursday, January 25th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and six have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $25.58.

In other news, CFO Frank Mergenthaler sold 65,536 shares of the company’s stock in a transaction dated Thursday, March 1st. The stock was sold at an average price of $23.41, for a total value of $1,534,197.76. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director H John Greeniaus sold 14,600 shares of the company’s stock in a transaction dated Friday, March 9th. The stock was sold at an average price of $23.84, for a total value of $348,064.00. The disclosure for this sale can be found here. Insiders sold 448,258 shares of company stock worth $10,563,009 in the last 90 days. Company insiders own 1.49% of the company’s stock.

Several institutional investors and hedge funds have recently modified their holdings of the company. Cambridge Investment Research Advisors Inc. boosted its stake in shares of Interpublic Group of Companies by 31.2% in the fourth 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. Xact Kapitalforvaltning AB boosted its stake in shares of Interpublic Group of Companies by 7.3% in the fourth quarter. Xact Kapitalforvaltning AB now owns 70,634 shares of the business services provider’s stock worth $1,424,000 after buying an additional 4,805 shares during the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its stake in shares of Interpublic Group of Companies by 134.9% in the fourth quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 389,696 shares of the business services provider’s stock worth $7,856,000 after buying an additional 223,775 shares during the last quarter. Fairpointe Capital LLC boosted its stake in shares of Interpublic Group of Companies by 112.1% in the fourth quarter. Fairpointe Capital LLC now owns 3,187,069 shares of the business services provider’s stock worth $64,251,000 after buying an additional 1,684,583 shares during the last quarter. Finally, MetLife Investment Advisors LLC purchased a new stake in shares of Interpublic Group of Companies in the fourth quarter worth about $2,424,000. Hedge funds and other institutional investors own 99.49% of the company’s stock.

NYSE:IPG traded up $0.47 during mid-day trading on Tuesday, hitting $24.35. 6,479,746 shares of the company’s stock traded hands, compared to its average volume of 5,814,798. Interpublic Group of Companies has a twelve month low of $18.30 and a twelve month high of $26.01. The firm has a market capitalization of $8,969.68, a P/E ratio of 17.27, a P/E/G ratio of 2.05 and a beta of 1.30. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.97 and a quick ratio of 0.97.

Interpublic Group of Companies announced that its Board of Directors has approved a share repurchase program on Wednesday, February 14th that authorizes the company to repurchase $300.00 million in outstanding shares. This repurchase authorization authorizes the business services provider to buy shares of its stock through open market purchases. Stock repurchase programs are typically a sign that the company’s leadership believes its shares are undervalued.

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About Interpublic Group of Companies

The Interpublic Group of Companies, Inc provides advertising and marketing services worldwide. The company operates through two segments, Integrated Agency Networks and Constituency Management Group. It offers consumer advertising, digital marketing, communications planning and media buying, public relations, and specialized communications disciplines.

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

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