Wall Street brokerages predict that Interpublic Group of Companies, Inc. (The) (NYSE:IPG) will announce earnings of $0.33 per share for the current quarter, Zacks Investment Research reports. Three analysts have provided estimates for Interpublic Group of Companies, Inc. (The)’s earnings, with estimates ranging from $0.32 to $0.33. Interpublic Group of Companies, Inc. (The) posted earnings of $0.31 per share in the same quarter last year, which would suggest a positive year over year growth rate of 6.5%. The business is scheduled to issue its next quarterly earnings report on Friday, October 20th.

On average, analysts expect that Interpublic Group of Companies, Inc. (The) will report full-year earnings of $1.43 per share for the current financial year, with EPS estimates ranging from $1.42 to $1.43. For the next financial year, analysts anticipate that the business will post earnings of $1.58 per share, with EPS estimates ranging from $1.54 to $1.62. Zacks Investment Research’s EPS averages are a mean average based on a survey of research analysts that cover Interpublic Group of Companies, Inc. (The).

Interpublic Group of Companies, Inc. (The) (NYSE:IPG) last released its earnings results on Tuesday, July 25th. The business services provider reported $0.27 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.34 by $0.07. Interpublic Group of Companies, Inc. (The) had a return on equity of 27.72% and a net margin of 7.19%. The business had revenue of $1.88 billion for the quarter, compared to analysts’ expectations of $1.95 billion. During the same quarter last year, the company posted $0.33 earnings per share. The business’s quarterly revenue was down 1.7% compared to the same quarter last year.

IPG has been the topic of a number of recent research reports. BidaskClub upgraded Interpublic Group of Companies, Inc. (The) from a “hold” rating to a “buy” rating in a report on Thursday, June 29th. Royal Bank Of Canada restated a “buy” rating and issued a $29.00 target price on shares of Interpublic Group of Companies, Inc. (The) in a report on Friday, July 14th. Zacks Investment Research downgraded Interpublic Group of Companies, Inc. (The) from a “buy” rating to a “hold” rating in a report on Wednesday, July 19th. Jefferies Group LLC reiterated a “buy” rating and set a $27.00 price target on shares of Interpublic Group of Companies, Inc. (The) in a report on Monday, May 22nd. Finally, Atlantic Securities downgraded Interpublic Group of Companies, Inc. (The) from a “neutral” rating to an “underweight” rating in a report on Thursday, July 27th. Three investment analysts have rated the stock with a sell rating, five have assigned a hold rating and eleven have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $26.07.

Interpublic Group of Companies, Inc. (NYSE IPG) traded up 1.29% during trading on Friday, reaching $20.38. The company had a trading volume of 5,241,529 shares. The firm has a market capitalization of $8.01 billion, a price-to-earnings ratio of 14.67 and a beta of 1.53. Interpublic Group of Companies, Inc. has a 12 month low of $19.57 and a 12 month high of $25.71. The stock has a 50 day moving average price of $21.10 and a 200 day moving average price of $23.63.

The company also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Friday, September 1st will be paid a $0.18 dividend. The ex-dividend date of this dividend is Wednesday, August 30th. This represents a $0.72 dividend on an annualized basis and a yield of 3.53%. Interpublic Group of Companies, Inc. (The)’s dividend payout ratio (DPR) is currently 51.80%.

COPYRIGHT VIOLATION WARNING: “$0.33 Earnings Per Share Expected for Interpublic Group of Companies, Inc. (The) (IPG) This Quarter” was published by American Banking News and is the sole property of of American Banking News. If you are accessing this news story on another site, it was copied illegally and republished in violation of United States & international copyright law. The original version of this news story can be viewed at https://www.americanbankingnews.com/2017/09/09/0-33-earnings-per-share-expected-for-interpublic-group-of-companies-inc-the-ipg-this-quarter.html.

In other Interpublic Group of Companies, Inc. (The) news, SVP Julie Connors sold 5,854 shares of the business’s stock in a transaction dated Thursday, June 22nd. The stock was sold at an average price of $24.26, for a total value of $142,018.04. Following the transaction, the senior vice president now owns 10,592 shares in the company, valued at $256,961.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Ellen Tobi Johnson sold 20,000 shares of the business’s stock in a transaction dated Monday, August 21st. The shares were sold at an average price of $20.50, for a total value of $410,000.00. The disclosure for this sale can be found here. Insiders own 1.49% of the company’s stock.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Nationwide Fund Advisors lifted its position in shares of Interpublic Group of Companies, Inc. (The) by 1.9% in the first quarter. Nationwide Fund Advisors now owns 111,130 shares of the business services provider’s stock worth $2,730,000 after buying an additional 2,028 shares during the last quarter. Russell Investments Group Ltd. lifted its position in shares of Interpublic Group of Companies, Inc. (The) by 41.4% in the first quarter. Russell Investments Group Ltd. now owns 228,110 shares of the business services provider’s stock worth $5,605,000 after buying an additional 66,756 shares during the last quarter. DUPONT CAPITAL MANAGEMENT Corp acquired a new stake in shares of Interpublic Group of Companies, Inc. (The) in the first quarter worth about $209,000. Jennison Associates LLC acquired a new stake in shares of Interpublic Group of Companies, Inc. (The) in the first quarter worth about $797,000. Finally, Great West Life Assurance Co. Can lifted its position in shares of Interpublic Group of Companies, Inc. (The) by 2.9% in the first quarter. Great West Life Assurance Co. Can now owns 404,440 shares of the business services provider’s stock worth $9,931,000 after buying an additional 11,343 shares during the last quarter. Hedge funds and other institutional investors own 98.01% of the company’s stock.

About Interpublic Group of Companies, Inc. (The)

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).

Get a free copy of the Zacks research report on Interpublic Group of Companies, Inc. (The) (IPG)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Interpublic Group of Companies, Inc. (The) (NYSE:IPG)

Receive News & Ratings for Interpublic Group of Companies Inc. (The) Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Interpublic Group of Companies Inc. (The) and related companies with MarketBeat.com's FREE daily email newsletter.