$1.93 Billion in Sales Expected for Interpublic Group of Companies Inc (IPG) This Quarter

Equities research analysts forecast that Interpublic Group of Companies Inc (NYSE:IPG) will report $1.93 billion in sales for the current fiscal quarter, according to Zacks Investment Research. Three analysts have issued estimates for Interpublic Group of Companies’ earnings. The highest sales estimate is $1.93 billion and the lowest is $1.92 billion. Interpublic Group of Companies posted sales of $1.88 billion during the same quarter last year, which suggests a positive year-over-year growth rate of 2.7%. The firm is scheduled to announce its next earnings report on Tuesday, July 24th.

On average, analysts expect that Interpublic Group of Companies will report full year sales of $8.45 billion for the current fiscal year, with estimates ranging from $7.83 billion to $9.42 billion. For the next financial year, analysts forecast that the company will report sales of $8.70 billion per share, with estimates ranging from $8.06 billion to $9.62 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research firms that follow Interpublic Group of Companies.

Interpublic Group of Companies (NYSE:IPG) last released its earnings results on Friday, April 27th. The business services provider reported $0.03 EPS for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.02). Interpublic Group of Companies had a return on equity of 26.05% and a net margin of 6.55%. The business had revenue of $1.77 billion for the quarter, compared to analyst estimates of $1.82 billion. During the same period in the prior year, the firm posted $0.05 EPS. Interpublic Group of Companies’s revenue was up 5.9% on a year-over-year basis.



A number of analysts have commented on IPG shares. Pivotal Research lowered their target price on shares of Interpublic Group of Companies from $26.00 to $25.00 and set a “hold” rating for the company in a report on Tuesday, April 3rd. Moffett Nathanson initiated coverage on shares of Interpublic Group of Companies in a report on Tuesday. They issued a “neutral” rating and a $23.00 price target for the company. Zacks Investment Research raised shares of Interpublic Group of Companies from a “hold” rating to a “buy” rating and set a $26.00 price target for the company in a report on Wednesday, June 6th. Atlantic Securities raised shares of Interpublic Group of Companies from an “underweight” rating to a “neutral” rating in a report on Friday, March 2nd. Finally, Wells Fargo & Co reissued a “hold” rating and issued a $26.00 price target on shares of Interpublic Group of Companies in a report on Monday, April 30th. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and five have assigned a buy rating to the stock. Interpublic Group of Companies has a consensus rating of “Hold” and a consensus target price of $25.50.

IPG opened at $23.36 on Wednesday. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.95 and a quick ratio of 0.95. Interpublic Group of Companies has a 52 week low of $18.30 and a 52 week high of $26.01. The firm has a market cap of $9.09 billion, a price-to-earnings ratio of 16.57, a price-to-earnings-growth ratio of 1.83 and a beta of 1.28.

The company also recently declared a quarterly dividend, which was paid on Monday, June 18th. Stockholders of record on Monday, June 4th were issued a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 3.60%. The ex-dividend date was Friday, June 1st. Interpublic Group of Companies’s dividend payout ratio (DPR) is 59.57%.

In related news, Director H John Greeniaus sold 33,573 shares of the business’s stock in a transaction on Thursday, May 10th. The shares were sold at an average price of $24.15, for a total value of $810,787.95. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Mary Guilfoile sold 8,392 shares of the business’s stock in a transaction on Thursday, May 17th. The shares were sold at an average price of $24.04, for a total transaction of $201,743.68. The disclosure for this sale can be found here. 1.32% of the stock is owned by insiders.

A number of institutional investors and hedge funds have recently bought and sold shares of IPG. BlackRock Inc. lifted its position in Interpublic Group of Companies by 34.5% in the 1st quarter. BlackRock Inc. now owns 53,669,637 shares of the business services provider’s stock valued at $1,236,011,000 after acquiring an additional 13,763,034 shares in the last quarter. Pzena Investment Management LLC lifted its position 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 acquiring an additional 8,890,439 shares in the last quarter. Ceredex Value Advisors LLC bought a new stake in Interpublic Group of Companies in the 1st quarter valued at $57,763,000. Amundi Pioneer Asset Management Inc. lifted its position 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 acquiring an additional 2,270,953 shares in the last quarter. Finally, Fairpointe Capital LLC lifted its position in Interpublic Group of Companies by 112.1% in the 4th quarter. Fairpointe Capital LLC now owns 3,187,069 shares of the business services provider’s stock valued at $64,251,000 after acquiring an additional 1,684,583 shares in the last quarter. 99.46% of the stock is currently owned by institutional investors and hedge funds.

About Interpublic Group of Companies

The Interpublic Group of Companies, Inc provides advertising and marketing services worldwide. The company operates through two segments, Integrated Agency Networks and Constituency Management Group. It offers consumer advertising, digital marketing, communications planning and media buying, public relations, and specialized communications disciplines.

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

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