Interpublic Group of Companies (IPG) Posts Quarterly Earnings Results, Beats Expectations By $0.02 EPS

Interpublic Group of Companies (NYSE:IPG) posted its quarterly earnings results on Wednesday. The business services provider reported $0.79 earnings per share for the quarter, topping the consensus estimate of $0.77 by $0.02, Bloomberg Earnings reports. The company had revenue of $2.34 billion for the quarter, compared to the consensus estimate of $2.30 billion. Interpublic Group of Companies had a return on equity of 27.38% and a net margin of 7.43%. The firm’s quarterly revenue was up 3.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.81 EPS.

Shares of Interpublic Group of Companies (NYSE:IPG) opened at $22.22 on Wednesday. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.93 and a current ratio of 0.93. Interpublic Group of Companies has a 52 week low of $18.30 and a 52 week high of $25.71. The company has a market capitalization of $8,514.42, a price-to-earnings ratio of 15.43, a price-to-earnings-growth ratio of 2.26 and a beta of 1.45.

A number of institutional investors and hedge funds have recently modified their holdings of IPG. Thrivent Financial For Lutherans boosted 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 purchasing an additional 380 shares during the last quarter. QS Investors LLC boosted its stake in Interpublic Group of Companies by 54.5% during the 2nd quarter. QS Investors LLC now owns 11,622 shares of the business services provider’s stock valued at $286,000 after purchasing an additional 4,100 shares during the last quarter. Cubist Systematic Strategies LLC boosted its stake in Interpublic Group of Companies by 98.9% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 9,589 shares of the business services provider’s stock valued at $236,000 after purchasing an additional 4,768 shares during the last quarter. Ameritas Investment Partners Inc. boosted its stake in Interpublic Group of Companies by 1.0% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 9,123 shares of the business services provider’s stock valued at $224,000 after purchasing an additional 90 shares during the last quarter. Finally, Verition Fund Management LLC boosted its stake in Interpublic Group of Companies by 101.2% during the 2nd quarter. Verition Fund Management LLC now owns 21,341 shares of the business services provider’s stock valued at $525,000 after purchasing an additional 10,736 shares during the last quarter. Institutional investors and hedge funds own 96.55% of the company’s stock.

IPG has been the topic of several recent research reports. Pivotal Research restated a “buy” rating and issued a $26.00 price target on shares of Interpublic Group of Companies in a research note on Tuesday, January 23rd. Jefferies Group downgraded Interpublic Group of Companies from a “buy” rating to a “hold” rating in a research note on Wednesday, December 13th. TheStreet downgraded Interpublic Group of Companies from a “b-” rating to a “c+” rating in a research note on Wednesday, November 22nd. Wells Fargo & Co downgraded Interpublic Group of Companies from an “outperform” rating to a “market perform” rating and set a $23.00 price target on the stock. in a research note on Thursday, January 18th. Finally, Macquarie downgraded Interpublic Group of Companies from a “neutral” rating to an “underperform” rating in a research note on Tuesday, January 2nd. Three research analysts have rated the stock with a sell rating, seven have given a hold rating and eight have given a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $25.79.

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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).

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

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