Interpublic Group of Companies, Inc. (The) (NYSE:IPG) – Research analysts at Jefferies Group cut their FY2017 earnings per share estimates for Interpublic Group of Companies in a research note issued on Wednesday. Jefferies Group analyst J. Janedis now anticipates that the business services provider will post earnings per share of $1.39 for the year, down from their previous estimate of $1.40. Jefferies Group has a “Hold” rating on the stock. Jefferies Group also issued estimates for Interpublic Group of Companies’ FY2018 earnings at $1.47 EPS and FY2019 earnings at $1.60 EPS.

Several other research analysts have also recently issued reports on IPG. Royal Bank of Canada set a $24.00 price objective on Interpublic Group of Companies and gave the stock a “hold” rating in a research report on Tuesday, August 29th. Citigroup raised Interpublic Group of Companies from a “neutral” rating to a “buy” rating in a research report on Wednesday, September 6th. BMO Capital Markets reissued a “buy” rating and issued a $26.00 target price on shares of Interpublic Group of Companies in a research report on Wednesday, September 13th. Zacks Investment Research raised Interpublic Group of Companies from a “sell” rating to a “hold” rating in a research report on Tuesday, September 26th. Finally, Credit Suisse Group set a $26.00 target price on Interpublic Group of Companies and gave the company a “buy” rating in a research report on Wednesday, October 11th. Three research analysts have rated the stock with a sell rating, six have issued a hold rating and nine have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $25.77.

Interpublic Group of Companies (NYSE:IPG) opened at $20.18 on Thursday. The stock has a market capitalization of $7,840.00, a PE ratio of 14.83, a PEG ratio of 1.26 and a beta of 1.47. Interpublic Group of Companies has a 1 year low of $18.30 and a 1 year high of $25.71. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.63.

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

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, December 1st will be paid a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 3.57%. The ex-dividend date is Thursday, November 30th. Interpublic Group of Companies’s dividend payout ratio (DPR) is 88.89%.

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

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in IPG. Wells Fargo & Company MN grew its holdings in Interpublic Group of Companies by 159.5% during 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 during the last quarter. Neuberger Berman Group LLC grew its holdings in Interpublic Group of Companies by 9,649.2% during 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 during the last quarter. River Road Asset Management LLC acquired a new stake in Interpublic Group of Companies during the 2nd quarter valued at $49,040,000. Janus Henderson Group PLC grew its holdings in Interpublic Group of Companies by 4,195.7% during the 2nd quarter. Janus Henderson Group PLC now owns 1,815,832 shares of the business services provider’s stock valued at $44,669,000 after buying an additional 1,773,561 shares during the last quarter. Finally, Goldman Sachs Group Inc. grew its holdings in Interpublic Group of Companies by 21.3% during the 2nd quarter. Goldman Sachs Group Inc. now owns 8,547,989 shares of the business services provider’s stock valued at $210,280,000 after buying an additional 1,503,316 shares during the last quarter. 99.97% of the stock is owned by hedge funds and other institutional investors.

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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).

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

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