The Interpublic Group of Companies (NYSE:IPG) announced its quarterly earnings results on Thursday. The business services provider reported $0.63 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.49 by $0.14, Briefing.com reports. The firm had revenue of $2.26 billion for the quarter, compared to analyst estimates of $2.17 billion. The Interpublic Group of Companies had a net margin of 7.91% and a return on equity of 34.27%. The business’s revenue for the quarter was up 15.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.53 EPS.
Shares of NYSE IPG opened at $38.01 on Thursday. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.93. The Interpublic Group of Companies has a 12-month low of $17.57 and a 12-month high of $39.35. The company has a market cap of $14.96 billion, a price-to-earnings ratio of 20.22, a price-to-earnings-growth ratio of 1.29 and a beta of 1.06. The firm’s 50-day simple moving average is $37.25 and its 200 day simple moving average is $34.23.
The business also recently declared a quarterly dividend, which was paid on Wednesday, September 15th. Investors of record on Wednesday, September 1st were given a dividend of $0.27 per share. The ex-dividend date was Tuesday, August 31st. This represents a $1.08 annualized dividend and a yield of 2.84%. The Interpublic Group of Companies’s dividend payout ratio (DPR) is 62.43%.
In other The Interpublic Group of Companies news, Chairman Michael Isor Roth sold 200,000 shares of the company’s stock in a transaction dated Wednesday, July 28th. The shares were sold at an average price of $35.27, for a total transaction of $7,054,000.00. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Corporate insiders own 0.75% of the company’s stock.
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