Interpublic Group of Companies Inc Expected to Earn Q2 2018 Earnings of $0.36 Per Share (IPG)

Interpublic Group of Companies Inc (NYSE:IPG) – Stock analysts at Jefferies Group boosted their Q2 2018 earnings per share (EPS) estimates for shares of Interpublic Group of Companies in a note issued to investors on Wednesday. Jefferies Group analyst J. Janedis now forecasts that the business services provider will earn $0.36 per share for the quarter, up from their previous forecast of $0.31. Jefferies Group currently has a “Neutral” rating on the stock. Jefferies Group also issued estimates for Interpublic Group of Companies’ FY2020 earnings at $2.05 EPS.

Interpublic Group of Companies (NYSE:IPG) last announced its earnings results on Wednesday, February 14th. The business services provider reported $0.79 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.77 by $0.02. The business had revenue of $2.34 billion during 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 business’s quarterly revenue was up 3.4% on a year-over-year basis. During the same period in the prior year, the company posted $0.81 EPS.

IPG has been the subject of several other reports. Bank of America downgraded Interpublic Group of Companies from a “neutral” rating to an “underperform” rating in a research note on Thursday, January 25th. Pivotal Research reiterated a “buy” rating and set a $26.00 price target on shares of Interpublic Group of Companies in a research report on Tuesday, January 23rd. TheStreet upgraded Interpublic Group of Companies from a “c+” rating to a “b-” rating in a research report on Monday. Argus cut Interpublic Group of Companies from a “buy” rating to a “hold” rating and set a $27.00 price target for the company. in a research report on Tuesday, October 31st. Finally, Wells Fargo & Co cut Interpublic Group of Companies from an “outperform” rating to a “market perform” rating and set a $23.00 price target for the company. in a research report on Thursday, January 18th. Three analysts have rated the stock with a sell rating, seven have assigned a hold rating and eight have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $26.07.

Interpublic Group of Companies (NYSE IPG) opened at $24.20 on Thursday. 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 firm has a market capitalization of $8,634.88, a P/E ratio of 16.81, a PEG ratio of 2.29 and a beta of 1.45. Interpublic Group of Companies has a 52 week low of $18.30 and a 52 week high of $25.71.

A number of large investors have recently modified their holdings of IPG. Pzena Investment Management LLC grew its holdings in Interpublic Group of Companies by 99.2% in the 4th quarter. Pzena Investment Management LLC now owns 17,855,163 shares of the business services provider’s stock valued at $359,960,000 after buying an additional 8,890,439 shares in the last quarter. BlackRock Inc. grew its holdings in Interpublic Group of Companies by 12.8% in the 4th quarter. BlackRock Inc. now owns 39,906,603 shares of the business services provider’s stock valued at $804,517,000 after buying an additional 4,539,905 shares in the last quarter. Wells Fargo & Company MN grew its holdings in Interpublic Group of Companies by 159.5% in the 3rd quarter. Wells Fargo & Company MN now owns 7,250,126 shares of the business services provider’s stock valued at $150,730,000 after buying an additional 4,455,788 shares in the last quarter. Neuberger Berman Group LLC grew its holdings in Interpublic Group of Companies by 9,649.2% in the 3rd quarter. Neuberger Berman Group LLC now owns 2,442,846 shares of the business services provider’s stock valued at $50,787,000 after buying an additional 2,417,789 shares in the last quarter. Finally, Amundi Pioneer Asset Management Inc. grew its holdings in Interpublic Group of Companies by 119.0% in the 4th quarter. Amundi Pioneer Asset Management Inc. now owns 4,179,701 shares of the business services provider’s stock valued at $84,262,000 after buying an additional 2,270,953 shares in the last quarter. Institutional investors own 96.55% of the company’s stock.

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

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