Analysts expect that Interpublic Group of Companies, Inc. (The) (NYSE:IPG) will post sales of $2.28 billion for the current fiscal quarter, according to Zacks Investment Research. Three analysts have made estimates for Interpublic Group of Companies’ earnings, with the lowest sales estimate coming in at $2.27 billion and the highest estimate coming in at $2.30 billion. Interpublic Group of Companies posted sales of $2.26 billion in the same quarter last year, which suggests a positive year-over-year growth rate of 0.9%. The business is scheduled to report its next earnings report on Friday, February 9th.

On average, analysts expect that Interpublic Group of Companies will report full year sales of $2.28 billion for the current year, with estimates ranging from $7.74 billion to $7.86 billion. For the next financial year, analysts forecast that the firm will post sales of $8.07 billion per share, with estimates ranging from $8.01 billion to $8.13 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side analysts that follow Interpublic Group of Companies.

Interpublic Group of Companies (NYSE:IPG) last released its earnings results on Tuesday, October 24th. The business services provider reported $0.31 EPS for the quarter, missing the consensus estimate of $0.33 by ($0.02). Interpublic Group of Companies had a return on equity of 27.38% and a net margin of 7.43%. The business had revenue of $1.90 billion for the quarter, compared to analyst estimates of $1.96 billion. During the same period in the prior year, the business earned $0.31 EPS. The company’s revenue for the quarter was down 1.0% on a year-over-year basis.

Several equities research analysts recently commented on IPG shares. Royal Bank of Canada set a $24.00 target price on Interpublic Group of Companies and gave the stock a “hold” rating in a research note on Tuesday, August 29th. BMO Capital Markets decreased their target price on Interpublic Group of Companies from $26.00 to $25.00 and set an “outperform” rating for the company in a research note on Thursday, October 26th. TheStreet cut Interpublic Group of Companies from a “b-” rating to a “c+” rating in a research note on Wednesday, November 22nd. Citigroup raised Interpublic Group of Companies from a “neutral” rating to a “buy” rating in a research note on Wednesday, September 6th. Finally, Zacks Investment Research cut Interpublic Group of Companies from a “hold” rating to a “sell” rating in a research note on Friday, October 27th. Three analysts have rated the stock with a sell rating, six have issued a hold rating and nine have issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $25.77.

In other Interpublic Group of Companies news, Director H John Greeniaus sold 43,479 shares of the firm’s stock in a transaction that occurred on Friday, November 10th. The stock was sold at an average price of $19.00, for a total value of $826,101.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 1.49% of the company’s stock.

Several hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. lifted its holdings in shares of Interpublic Group of Companies by 1.1% in the second quarter. Vanguard Group Inc. now owns 39,967,140 shares of the business services provider’s stock valued at $983,192,000 after purchasing an additional 419,048 shares in the last quarter. BlackRock Inc. lifted its holdings in shares of Interpublic Group of Companies by 2.7% in the second quarter. BlackRock Inc. now owns 36,204,064 shares of the business services provider’s stock valued at $890,619,000 after purchasing an additional 936,771 shares in the last quarter. Voya Investment Management LLC lifted its holdings in shares of Interpublic Group of Companies by 14.7% in the second quarter. Voya Investment Management LLC now owns 9,175,028 shares of the business services provider’s stock valued at $225,706,000 after purchasing an additional 1,177,667 shares in the last quarter. Pzena Investment Management LLC lifted its holdings in shares of Interpublic Group of Companies by 0.3% in the third quarter. Pzena Investment Management LLC now owns 8,964,724 shares of the business services provider’s stock valued at $186,377,000 after purchasing an additional 23,799 shares in the last quarter. Finally, Goldman Sachs Group Inc. lifted its holdings in shares of Interpublic Group of Companies by 21.3% in the second quarter. Goldman Sachs Group Inc. now owns 8,547,989 shares of the business services provider’s stock valued at $210,280,000 after purchasing an additional 1,503,316 shares in the last quarter. Institutional investors own 99.97% of the company’s stock.

Shares of Interpublic Group of Companies (NYSE:IPG) opened at $20.15 on Thursday. Interpublic Group of Companies has a one year low of $18.30 and a one year high of $25.71. The company has a market capitalization of $7,954.82, a P/E ratio of 14.83, a P/E/G ratio of 1.26 and a beta of 1.47. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.93 and a current ratio of 0.93.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, December 1st will be paid a $0.18 dividend. The ex-dividend date of this dividend is Thursday, November 30th. This represents a $0.72 dividend on an annualized basis and a yield of 3.57%. Interpublic Group of Companies’s dividend payout ratio (DPR) is presently 50.00%.

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Interpublic Group of Companies Company Profile

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).

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Earnings History and Estimates for Interpublic Group of Companies (NYSE:IPG)

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