What is Zacks Research’s Forecast for IPG FY2024 Earnings?

The Interpublic Group of Companies, Inc. (NYSE:IPG) – Zacks Research raised their FY2024 EPS estimates for Interpublic Group of Companies in a report issued on Tuesday, November 12th. Zacks Research analyst R. Department now expects that the business services provider will post earnings per share of $2.79 for the year, up from their prior estimate 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.

A number of other research firms have also weighed in on IPG. BNP Paribas lowered shares of Interpublic Group of Companies from a “neutral” rating to an “underperform” rating in a report on Monday, September 30th. UBS Group downgraded Interpublic Group of Companies from a “neutral” rating to a “sell” rating and decreased their price objective for the company from $34.00 to $29.00 in a report on Thursday, September 12th. StockNews.com raised Interpublic Group of Companies from a “sell” rating to a “hold” rating in a report on Saturday, November 9th. Wells Fargo & Company reaffirmed an “underweight” rating and issued a $26.00 price objective (down from $28.00) on shares of Interpublic Group of Companies in a research note on Tuesday, October 22nd. Finally, JPMorgan Chase & Co. cut Interpublic Group of Companies from an “overweight” rating to a “neutral” rating and decreased their target price for the stock from $36.00 to $33.00 in a research note on Tuesday, October 1st. Four equities research analysts have rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $30.57.

Interpublic Group of Companies Trading Up 0.1 %

NYSE IPG opened at $29.29 on Thursday. The company has a market cap of $10.91 billion, a price-to-earnings ratio of 13.82 and a beta of 1.10. Interpublic Group of Companies has a twelve month low of $28.00 and a twelve month high of $35.17. 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 business’s fifty day moving average is $30.79 and its 200 day moving average is $30.64.

Interpublic Group of Companies (NYSE:IPG) last released its quarterly earnings data on Tuesday, October 22nd. The business services provider reported $0.70 earnings per share for the quarter, meeting the consensus estimate of $0.70. The business had revenue of $2.24 billion for the quarter, compared to analyst estimates of $2.30 billion. Interpublic Group of Companies had a return on equity of 27.76% and a net margin of 7.44%. Interpublic Group of Companies’s revenue was down 2.9% compared to the same quarter last year. During the same period last year, the firm posted $0.70 earnings per share.

Hedge Funds Weigh In On Interpublic Group of Companies

Large investors have recently made changes to their positions in the stock. Public Sector Pension Investment Board boosted its stake in Interpublic Group of Companies by 11.1% during the third quarter. Public Sector Pension Investment Board now owns 16,071 shares of the business services provider’s stock valued at $508,000 after buying an additional 1,600 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in Interpublic Group of Companies by 10.5% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 4,402,349 shares of the business services provider’s stock valued at $139,246,000 after buying an additional 417,741 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Interpublic Group of Companies by 9.1% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 954,703 shares of the business services provider’s stock valued at $30,197,000 after acquiring an additional 79,404 shares during the last quarter. FORA Capital LLC purchased a new stake in Interpublic Group of Companies in the 3rd quarter worth approximately $1,935,000. Finally, Bridgewater Associates LP boosted its holdings in Interpublic Group of Companies by 956.5% in the third quarter. Bridgewater Associates LP now owns 104,734 shares of the business services provider’s stock valued at $3,313,000 after acquiring an additional 94,821 shares in the last quarter. 98.43% of the stock is owned by institutional investors.

Interpublic Group of Companies Dividend Announcement

The firm 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. This represents a $1.32 annualized dividend and a dividend yield of 4.51%. The ex-dividend date of this dividend is Monday, December 2nd. 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.