Interpublic Group of Companies (IPG) to Release Earnings on Wednesday

Interpublic Group of Companies (NYSE:IPG) is expected to be issuing its quarterly earnings data before the market opens on Wednesday, February 12th. Analysts expect the company to announce earnings of $1.15 per share and revenue of $2.52 billion for the quarter. Individual interested in participating in the company’s earnings conference call can do so using this link.

Interpublic Group of Companies Trading Down 0.6 %

NYSE:IPG opened at $28.82 on Wednesday. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.09 and a current ratio of 1.09. The company has a market capitalization of $10.74 billion, a P/E ratio of 13.59 and a beta of 1.11. The stock’s 50 day moving average price is $28.77 and its 200 day moving average price is $30.01. Interpublic Group of Companies has a 52 week low of $26.30 and a 52 week high of $35.17.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the stock. BNP Paribas upgraded shares of Interpublic Group of Companies from an “underperform” rating to an “outperform” rating and set a $38.00 price target on the stock in a report on Friday, January 10th. Wells Fargo & Company upgraded Interpublic Group of Companies from an “underweight” rating to an “equal weight” rating and raised their target price for the company from $26.00 to $34.00 in a report on Tuesday, December 10th. JPMorgan Chase & Co. upgraded Interpublic Group of Companies from a “neutral” rating to an “overweight” rating and upped their price target for the stock from $32.00 to $39.00 in a research note on Monday, January 27th. StockNews.com began coverage on Interpublic Group of Companies in a research note on Wednesday. They issued a “hold” rating on the stock. Finally, Barclays raised Interpublic Group of Companies from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $32.00 to $36.00 in a research report on Friday, January 24th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $33.75.

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.