Interpublic Group of Companies Inc (IPG) reported quarterly earnings results on Thursday, Jul-21-2016. The company reported $0.33 EPS for the quarter. Analysts had a consensus estimate of $0.33. The company posted revenue of $1917.90 million in the period, compared to analysts expectations of $1934.16 million. The company’s revenue was up 2.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.29 EPS.
Many Wall Street Analysts have commented on Interpublic Group of Companies Inc. Company shares were Reiterated by Telsey Advisory Group on Apr 25, 2016 to “Outperform”, Firm has raised the Price Target to $ 28 from a previous price target of $27.50 .Company shares were Reiterated by Wedbush on Apr 25, 2016 to “Outperform”, Firm has raised the Price Target to $ 28 from a previous price target of $26 .
Interpublic Group of Companies Inc opened for trading at $23.88 and hit $24.31 on the upside on Wednesday, eventually ending the session at $24.23, with a gain of 1.59% or 0.38 points. The heightened volatility saw the trading volume jump to 45,27,926 shares. Company has a market cap of $9,750 M.
In a different news, on May 3, 2016, Christopher F Carroll (SVP, Controller & CAO) sold 20,000 shares at $23.33 per share price. According to the SEC, on Apr 29, 2016, Michael Isor Roth (Chairman & CEO) sold 500,000 shares at $23.25 per share price. On Apr 29, 2016, Julie Connors (SVP, Audit & Chief Risk Ofcr) sold 10,700 shares at $23.21 per share price, according to the Form-4 filing with the securities and exchange commission.
The Interpublic Group of Companies Inc. (IPG) is a global advertising and marketing services company. The Company operates through two segments: Integrated Agency Networks (IAN) and Constituency Management Group (CMG). IAN includes McCann Worldgroup Foote Cone & Belding Lowe and Partners IPG Mediabrands its digital specialist agencies and its domestic integrated agencies. IANs domestic integrated agencies including Hill Holliday Carmichael Lynch Dailey Tierney and Mullen provide a range of advertising marketing communications services and/or marketing services. CMG which includes Weber Shandwick Cassidy DeVries Golin FutureBrand Jack Morton and Octagon Worldwide provides diversified services including public relations meeting and event production sports and entertainment marketing corporate and brand identity and strategic marketing consulting.