Interpublic Group of Companies Inc (NYSE:IPG) – Equities researchers at Jefferies Group upped their Q2 2018 earnings per share estimates for shares of Interpublic Group of Companies in a research report issued 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 prior estimate 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 issued its quarterly earnings results on Wednesday, February 14th. The business services provider reported $0.79 EPS for the quarter, topping the consensus estimate of $0.77 by $0.02. Interpublic Group of Companies had a net margin of 7.43% and a return on equity of 27.38%. The firm had revenue of $2.34 billion for the quarter, compared to analysts’ expectations of $2.30 billion. During the same period in the previous year, the firm posted $0.81 EPS. The company’s revenue for the quarter was up 3.4% on a year-over-year basis.

Several other equities research analysts have also recently commented on the stock. Pivotal Research reissued 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. Wells Fargo & Co cut shares of 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 report on Thursday, January 18th. TheStreet cut shares of Interpublic Group of Companies from a “b-” rating to a “c+” rating in a research report on Wednesday, November 22nd. Macquarie cut shares of Interpublic Group of Companies from a “neutral” rating to an “underperform” rating in a research report on Tuesday, January 2nd. Finally, Royal Bank of Canada reissued a “hold” rating on shares of Interpublic Group of Companies in a research report on Wednesday, October 25th. Three investment analysts have rated the stock with a sell rating, seven have given a hold rating and eight have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $26.07.

Shares of Interpublic Group of Companies (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. 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 cap of $8,634.88, a PE ratio of 16.81, a price-to-earnings-growth ratio of 2.29 and a beta of 1.45.

Hedge funds have recently modified their holdings of the company. Itau Unibanco Holding S.A. bought a new stake in shares of Interpublic Group of Companies in the 4th quarter valued at about $113,000. NuWave Investment Management LLC bought a new stake in shares of Interpublic Group of Companies in the 4th quarter valued at about $129,000. MML Investors Services LLC bought a new stake in shares of Interpublic Group of Companies in the 4th quarter valued at about $201,000. Virtu Financial LLC bought a new stake in shares of Interpublic Group of Companies in the 4th quarter valued at about $208,000. Finally, Bank of Stockton bought a new stake in shares of Interpublic Group of Companies in the 4th quarter valued at about $219,000. 96.55% of the stock is currently owned by institutional investors.

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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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