Interpublic Group of Companies, Inc. (The) (NYSE:IPG) – Stock analysts at Jefferies Group lifted their Q3 2017 EPS estimates for Interpublic Group of Companies, Inc. (The) in a report released on Tuesday. Jefferies Group analyst J. Janedis now expects that the business services provider will post earnings per share of $0.33 for the quarter, up from their previous forecast of $0.32. Jefferies Group currently has a “Buy” rating and a $26.00 target price on the stock. Jefferies Group also issued estimates for Interpublic Group of Companies, Inc. (The)’s Q4 2017 earnings at $0.79 EPS and Q3 2018 earnings at $0.36 EPS.

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

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Other equities research analysts have also issued reports about the stock. Royal Bank Of Canada restated a “buy” rating and set a $29.00 target price on shares of Interpublic Group of Companies, Inc. (The) in a research report on Friday, July 14th. BMO Capital Markets restated an “outperform” rating and set a $26.00 target price (down from $27.00) on shares of Interpublic Group of Companies, Inc. (The) in a research report on Wednesday, July 26th. Zacks Investment Research upgraded shares of Interpublic Group of Companies, Inc. (The) from a “hold” rating to a “buy” rating and set a $24.00 target price on the stock in a research report on Tuesday. BidaskClub lowered shares of Interpublic Group of Companies, Inc. (The) from a “buy” rating to a “hold” rating in a research report on Monday, July 31st. Finally, Telsey Advisory Group decreased their target price on shares of Interpublic Group of Companies, Inc. (The) from $29.00 to $27.00 and set an “outperform” rating on the stock in a research report on Wednesday, July 26th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and eleven have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $25.69.

Interpublic Group of Companies, Inc. (NYSE:IPG) opened at 20.99 on Wednesday. The firm’s 50-day moving average is $20.55 and its 200-day moving average is $23.04. The firm has a market capitalization of $8.25 billion, a PE ratio of 15.11 and a beta of 1.53. Interpublic Group of Companies, Inc. has a 52-week low of $19.57 and a 52-week high of $25.71.

Several institutional investors have recently added to or reduced their stakes in the stock. Perpetual Ltd purchased a new stake in shares of Interpublic Group of Companies, Inc. (The) in the 2nd quarter worth about $2,702,000. Sentry Investment Management LLC boosted its position in shares of Interpublic Group of Companies, Inc. (The) by 1.1% in the 2nd quarter. Sentry Investment Management LLC now owns 21,099 shares of the business services provider’s stock worth $519,000 after buying an additional 225 shares in the last quarter. Toronto Dominion Bank boosted its position in shares of Interpublic Group of Companies, Inc. (The) by 23.1% in the 2nd quarter. Toronto Dominion Bank now owns 149,878 shares of the business services provider’s stock worth $3,687,000 after buying an additional 28,120 shares in the last quarter. Oak Associates Ltd. OH boosted its position in shares of Interpublic Group of Companies, Inc. (The) by 18.1% in the 2nd quarter. Oak Associates Ltd. OH now owns 183,650 shares of the business services provider’s stock worth $4,518,000 after buying an additional 28,155 shares in the last quarter. Finally, 1st Global Advisors Inc. boosted its position in shares of Interpublic Group of Companies, Inc. (The) by 19.6% in the 2nd quarter. 1st Global Advisors Inc. now owns 9,774 shares of the business services provider’s stock worth $240,000 after buying an additional 1,599 shares in the last quarter. Institutional investors and hedge funds own 97.92% of the company’s stock.

In related news, 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 transaction was disclosed in a document filed with the SEC, which is available through this link. 1.49% of the stock is owned by insiders.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 15th. Investors of record on Friday, September 1st were given a $0.18 dividend. The ex-dividend date was Wednesday, August 30th. This represents a $0.72 annualized dividend and a dividend yield of 3.43%. Interpublic Group of Companies, Inc. (The)’s dividend payout ratio is presently 51.80%.

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).

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

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