Brokerages Anticipate Interpublic Group of Companies Inc (IPG) Will Post Quarterly Sales of $2.27 Billion

Wall Street analysts predict that Interpublic Group of Companies Inc (NYSE:IPG) will post sales of $2.27 billion for the current fiscal quarter, according to Zacks Investment Research. Three analysts have issued estimates for Interpublic Group of Companies’ earnings, with the highest sales estimate coming in at $2.29 billion and the lowest estimate coming in at $2.26 billion. Interpublic Group of Companies posted sales of $2.26 billion in the same quarter last year, which indicates a positive year over year growth rate of 0.4%. The firm is expected to report its next quarterly earnings report before the market opens on Wednesday, February 14th.

According to Zacks, analysts expect that Interpublic Group of Companies will report full-year sales of $2.27 billion for the current financial year, with estimates ranging from $7.74 billion to $7.83 billion. For the next financial year, analysts expect that the company will report sales of $8.03 billion per share, with estimates ranging from $7.94 billion to $8.11 billion. Zacks’ sales averages are a mean average based on a survey of research firms that follow Interpublic Group of Companies.

IPG has been the subject of a number of analyst reports. Bank of America downgraded shares of Interpublic Group of Companies from a “neutral” rating to an “underperform” rating in a research report on Thursday, January 25th. Credit Suisse Group set a $26.00 price objective on shares of Interpublic Group of Companies and gave the stock a “buy” rating in a research report on Wednesday, October 11th. Pivotal Research reiterated a “buy” rating and issued a $26.00 price objective on shares of Interpublic Group of Companies in a research report on Tuesday, January 23rd. Argus downgraded shares of Interpublic Group of Companies from a “buy” rating to a “hold” rating and set a $27.00 price objective for the company. in a research report on Tuesday, October 31st. Finally, Wells Fargo & Co downgraded shares of Interpublic Group of Companies from an “outperform” rating to a “market perform” rating and set a $23.00 price objective for the company. in a research report on Thursday, January 18th. Three analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $25.71.

In related news, Director H John Greeniaus sold 43,479 shares of the company’s stock in a transaction dated Friday, November 10th. The shares were sold at an average price of $19.00, for a total transaction of $826,101.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.49% of the stock is owned by corporate insiders.

Several institutional investors and hedge funds have recently added to or reduced their stakes in IPG. Franklin Resources Inc. acquired a new position in shares of Interpublic Group of Companies during the 2nd quarter worth about $205,000. Profund Advisors LLC grew its stake in Interpublic Group of Companies by 24.6% during the 2nd quarter. Profund Advisors LLC now owns 13,821 shares of the business services provider’s stock valued at $340,000 after acquiring an additional 2,725 shares in the last quarter. Thrivent Financial For Lutherans grew its stake in Interpublic Group of Companies by 2.6% during the 2nd quarter. Thrivent Financial For Lutherans now owns 14,867 shares of the business services provider’s stock valued at $366,000 after acquiring an additional 380 shares in the last quarter. Advisor Group Inc. grew its stake in Interpublic Group of Companies by 54.3% during the 2nd quarter. Advisor Group Inc. now owns 10,790 shares of the business services provider’s stock valued at $250,000 after acquiring an additional 3,798 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in Interpublic Group of Companies by 25.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,361,373 shares of the business services provider’s stock valued at $58,092,000 after acquiring an additional 479,278 shares in the last quarter. Hedge funds and other institutional investors own 99.55% of the company’s stock.

Interpublic Group of Companies (NYSE IPG) opened at $21.29 on Friday. The firm has a market cap of $8,506.64 and a PE ratio of 14.78. Interpublic Group of Companies has a 1 year low of $18.30 and a 1 year high of $25.71. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.93 and a quick ratio of 0.93.

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About Interpublic Group of Companies

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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