Interpublic Group of Companies (NYSE:IPG) announced its quarterly earnings data on Friday. The business services provider reported $0.48 EPS for the quarter, topping the Zacks’ consensus estimate of $0.46 by $0.02, MarketWatch Earnings reports. Interpublic Group of Companies had a return on equity of 28.53% and a net margin of 6.75%. The firm had revenue of $1.90 billion for the quarter, compared to the consensus estimate of $1.88 billion. During the same quarter last year, the business posted $0.31 earnings per share. The firm’s revenue was up 3.5% compared to the same quarter last year.
NYSE IPG traded up $2.05 during trading on Friday, reaching $24.53. 663,753 shares of the company’s stock were exchanged, compared to its average volume of 5,866,570. The company has a market capitalization of $8.52 billion, a price-to-earnings ratio of 16.53, a price-to-earnings-growth ratio of 1.82 and a beta of 1.17. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.94 and a quick ratio of 0.94. Interpublic Group of Companies has a 1 year low of $18.30 and a 1 year high of $26.01.
Several equities research analysts have issued reports on the company. Citigroup raised their target price on Interpublic Group of Companies from $27.00 to $28.00 and gave the stock a “buy” rating in a research note on Friday. Morgan Stanley reissued an “equal weight” rating and set a $24.00 target price on shares of Interpublic Group of Companies in a research note on Monday. JPMorgan Chase & Co. assumed coverage on Interpublic Group of Companies in a research note on Thursday, October 11th. They set an “overweight” rating for the company. Zacks Investment Research cut Interpublic Group of Companies from a “buy” rating to a “hold” rating in a research note on Monday, October 8th. Finally, Macquarie raised Interpublic Group of Companies from a “neutral” rating to an “outperform” rating and raised their target price for the stock from $24.00 to $25.00 in a research note on Thursday, September 20th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and five have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $25.50.
In other Interpublic Group of Companies news, CFO Frank Mergenthaler sold 50,000 shares of Interpublic Group of Companies stock in a transaction dated Tuesday, August 21st. The stock was sold at an average price of $22.46, for a total transaction of $1,123,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.49% of the stock is owned by insiders.
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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