Zacks Research Has Bullish Estimate for IPG FY2024 Earnings

The Interpublic Group of Companies, Inc. (NYSE:IPG) – Research analysts at Zacks Research lifted their FY2024 EPS estimates for Interpublic Group of Companies in a research note issued on Tuesday, November 12th. Zacks Research analyst R. Department now anticipates that the business services provider will post earnings of $2.79 per share for the year, up from their previous forecast of $2.73. The consensus estimate for Interpublic Group of Companies’ current full-year earnings is $2.81 per share. Zacks Research also issued estimates for Interpublic Group of Companies’ Q4 2024 earnings at $1.12 EPS, Q4 2025 earnings at $0.67 EPS, FY2025 earnings at $2.75 EPS, Q1 2026 earnings at $0.72 EPS, Q2 2026 earnings at $0.73 EPS, Q3 2026 earnings at $0.66 EPS and FY2026 earnings at $2.87 EPS.

Several other brokerages have also issued reports on IPG. JPMorgan Chase & Co. lowered shares of Interpublic Group of Companies from an “overweight” rating to a “neutral” rating and decreased their price target for the company from $36.00 to $33.00 in a report on Tuesday, October 1st. BNP Paribas lowered Interpublic Group of Companies from a “neutral” rating to an “underperform” rating in a research report on Monday, September 30th. Bank of America lowered their target price on Interpublic Group of Companies from $36.00 to $35.00 and set a “buy” rating for the company in a report on Thursday, September 5th. Wells Fargo & Company restated an “underweight” rating and set a $26.00 price target (down from $28.00) on shares of Interpublic Group of Companies in a report on Tuesday, October 22nd. Finally, Barclays dropped their price objective on shares of Interpublic Group of Companies from $32.50 to $32.00 and set an “equal weight” rating for the company in a report on Wednesday, October 23rd. Four research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $30.57.

Interpublic Group of Companies Stock Performance

Interpublic Group of Companies stock opened at $29.20 on Thursday. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 0.77. The stock has a market cap of $10.88 billion, a PE ratio of 13.82 and a beta of 1.10. Interpublic Group of Companies has a 12-month low of $28.00 and a 12-month high of $35.17. The business’s 50-day moving average price is $30.74 and its two-hundred day moving average price is $30.63.

Interpublic Group of Companies (NYSE:IPG) last posted its quarterly earnings results on Tuesday, October 22nd. The business services provider reported $0.70 EPS for the quarter, hitting analysts’ consensus estimates of $0.70. Interpublic Group of Companies had a return on equity of 27.76% and a net margin of 7.44%. The company had revenue of $2.24 billion during the quarter, compared to analysts’ expectations of $2.30 billion. During the same quarter in the previous year, the firm earned $0.70 EPS. Interpublic Group of Companies’s revenue was down 2.9% on a year-over-year basis.

Institutional Trading of Interpublic Group of Companies

A number of institutional investors have recently bought and sold shares of the company. Rosenberg Matthew Hamilton lifted its stake in shares of Interpublic Group of Companies by 9.7% in the 3rd quarter. Rosenberg Matthew Hamilton now owns 4,136 shares of the business services provider’s stock valued at $131,000 after purchasing an additional 365 shares during the period. Benjamin Edwards Inc. increased its holdings in Interpublic Group of Companies by 73.8% in the second quarter. Benjamin Edwards Inc. now owns 883 shares of the business services provider’s stock worth $26,000 after purchasing an additional 375 shares in the last quarter. Farther Finance Advisors LLC lifted its stake in Interpublic Group of Companies by 2.2% in the second quarter. Farther Finance Advisors LLC now owns 17,584 shares of the business services provider’s stock valued at $494,000 after buying an additional 382 shares during the period. Ballentine Partners LLC boosted its holdings in shares of Interpublic Group of Companies by 2.9% during the 3rd quarter. Ballentine Partners LLC now owns 14,058 shares of the business services provider’s stock worth $445,000 after buying an additional 399 shares in the last quarter. Finally, EverSource Wealth Advisors LLC grew its position in shares of Interpublic Group of Companies by 52.5% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,177 shares of the business services provider’s stock worth $38,000 after buying an additional 405 shares during the period. Institutional investors own 98.43% of the company’s stock.

Interpublic Group of Companies Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 2nd will be given a $0.33 dividend. The ex-dividend date is Monday, December 2nd. This represents a $1.32 dividend on an annualized basis and a dividend yield of 4.52%. Interpublic Group of Companies’s dividend payout ratio (DPR) is currently 62.26%.

About Interpublic Group of Companies

The Interpublic Group of Companies, Inc provides advertising and marketing services worldwide. It operates in three segments: Media, Data & Engagement Solutions, Integrated Advertising & Creativity Led Solutions, and Specialized Communications & Experiential Solutions. The Media, Data & Engagement Solutions segment provides media and communications services, digital services and products, advertising and marketing technology, e-commerce services, data management and analytics, strategic consulting, and digital brand experience under the IPG Mediabrands, UM, Initiative, Kinesso, Acxiom, Huge, MRM, and R/GA brand names.