Interpublic Group of Companies Inc Plans Dividend of $0.10 (IPG)
Interpublic Group of Companies (NYSE:IPG) announced a dividend on Thursday, May 22nd, Analyst RN reports. Stockholders of record on Tuesday, June 3rd will be paid a dividend of 0.095 per share on Tuesday, June 17th. The ex-dividend date is Friday, May 30th.
A number of analysts have recently weighed in on IPG shares. Analysts at Zacks reiterated a “neutral” rating on shares of Interpublic Group of Companies in a research note on Friday, April 25th. They now have a $18.00 price target on the stock. On a related note, analysts at JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Interpublic Group of Companies in a research note on Wednesday, April 23rd. They now have a $20.00 price target on the stock. Finally, analysts at Morgan Stanley reiterated an “equal weight” rating on shares of Interpublic Group of Companies in a research note on Wednesday, February 26th. They now have a $18.00 price target on the stock, down previously from $19.00. Seven research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $18.20.
Interpublic Group of Companies (NYSE:IPG) traded up 0.05% on Friday, hitting $18.56. The stock had a trading volume of 3,758,155 shares. Interpublic Group of Companies has a 1-year low of $13.67 and a 1-year high of $18.62. The stock has a 50-day moving average of $17.30 and a 200-day moving average of $17.13. The company has a market cap of $7.863 billion and a price-to-earnings ratio of 26.85. Interpublic Group of Companies also was the recipient of unusually large options trading activity on Wednesday. Investors acquired 7,400 put options on the company. This is an increase of 934% compared to the typical volume of 716 put options.
Interpublic Group of Companies (NYSE:IPG) last issued its quarterly earnings data on Tuesday, April 22nd. The company reported ($0.05) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.08) by $0.03. The company had revenue of $1.64 billion for the quarter, compared to the consensus estimate of $1.60 billion. During the same quarter in the previous year, the company posted ($0.14) earnings per share. The company’s revenue for the quarter was up 6.1% on a year-over-year basis. Analysts expect that Interpublic Group of Companies will post $1.00 EPS for the current fiscal year.
The Interpublic Group of Companies, Inc (NYSE:IPG) is a global advertising and marketing services companies.
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