Interpublic Group Of Cos. (IPG) to Release Quarterly Earnings on Friday
Interpublic Group Of Cos. (NYSE:IPG) is scheduled to post its Q313 quarterly earnings results on Friday, October 18th. Analysts expect Interpublic Group Of Cos. to post earnings of $0.18 per share and revenue of $1.71 billion for the quarter. Parties interested in participating in the company’s conference call can do so using this link.
Interpublic Group Of Cos. (NYSE:IPG) last announced its earnings results on Friday, July 19th. The company reported $0.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.22 by $0.03. The company had revenue of $1.76 billion for the quarter, compared to the consensus estimate of $1.75 billion. During the same quarter in the previous year, the company posted $0.22 earnings per share. The company’s revenue for the quarter was up 2.3% on a year-over-year basis. On average, analysts expect Interpublic Group Of Cos. to post $0.84 EPS for the current fiscal year and $1.07 EPS for the next fiscal year.
Interpublic Group Of Cos. (NYSE:IPG) opened at 17.01 on Thursday. Interpublic Group Of Cos. has a 1-year low of $9.38 and a 1-year high of $17.55. The stock has a 50-day moving average of $16.7 and a 200-day moving average of $15.. The company has a market cap of $7.181 billion and a P/E ratio of 18.69.
A number of analysts have recently weighed in on IPG shares. Analysts at RBC Capital raised their price target on shares of Interpublic Group Of Cos. from $17.00 to $19.00 in a research note to investors on Friday, October 11th. They now have an “outperform” rating on the stock. On the ratings front, analysts at Zacks reiterated a “hold” rating on shares of Interpublic Group Of Cos. in a research note to investors on Thursday, October 10th. They now have a $16.00 price target on the stock. Finally, analysts at Goldman Sachs Group Inc. raised their price target on shares of Interpublic Group Of Cos. from $16.00 to $18.00 in a research note to investors on Thursday, October 10th. They now have a “neutral” rating on the stock. Five research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. Interpublic Group Of Cos. presently has an average rating of “Buy” and an average price target of $16.31.
The Interpublic Group of Companies, Inc (NYSE:IPG) is a global advertising and marketing services companies.
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