Interpublic Group of Companies (IPG) Earns Daily Media Impact Score of 0.44
Press coverage about Interpublic Group of Companies (NYSE:IPG) has trended positive recently, according to Accern Sentiment. Accern identifies positive and negative press coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Interpublic Group of Companies earned a coverage optimism score of 0.44 on Accern’s scale. Accern also gave media stories about the business services provider an impact score of 46.6178659031685 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
These are some of the news articles that may have impacted Accern Sentiment Analysis’s scoring:
- H John Greeniaus Sells 14,242 Shares of Interpublic Group of Companies Inc (IPG) Stock (americanbankingnews.com)
- 34% of Generation Z Social Media Users Have Quit Social Media Entirely (finance.yahoo.com)
- Snow Capital Management LP Buys New Holdings in Interpublic Group of Companies Inc (IPG) (americanbankingnews.com)
- State of Tennessee Treasury Department Reduces Position in Interpublic Group of Companies Inc (IPG) (americanbankingnews.com)
- Interpublic Group of Companies Inc (IPG) Shares Bought by Lombard Odier Asset Management Switzerland SA (americanbankingnews.com)
IPG has been the subject of several recent analyst reports. Atlantic Securities upgraded shares of Interpublic Group of Companies from an “underweight” rating to a “neutral” rating in a report on Friday. Pivotal Research restated a “hold” rating and set a $26.00 price target on shares of Interpublic Group of Companies in a report on Monday, February 19th. Macquarie upgraded shares of Interpublic Group of Companies from an “underperform” rating to a “neutral” rating and set a $24.00 price target for the company in a report on Friday, February 16th. Royal Bank of Canada restated a “hold” rating and set a $26.00 price target on shares of Interpublic Group of Companies in a report on Thursday, February 15th. Finally, Jefferies Group reaffirmed a “neutral” rating on shares of Interpublic Group of Companies in a research report on Thursday, February 15th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and seven have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $25.92.
Interpublic Group of Companies (NYSE:IPG) last released its quarterly earnings results on Wednesday, February 14th. The business services provider reported $0.79 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.77 by $0.02. The business had revenue of $2.34 billion during the quarter, compared to analysts’ expectations of $2.30 billion. Interpublic Group of Companies had a return on equity of 27.07% and a net margin of 7.35%. The firm’s revenue for the quarter was up 3.4% compared to the same quarter last year. During the same period in the previous year, the business posted $0.81 earnings per share. equities research analysts predict that Interpublic Group of Companies will post 1.69 earnings per share for the current fiscal year.
Interpublic Group of Companies announced that its Board of Directors has approved a share repurchase plan on Wednesday, February 14th that authorizes the company to repurchase $300.00 million in shares. This repurchase authorization authorizes the business services provider to purchase shares of its stock through open market purchases. Shares repurchase plans are often an indication that the company’s board of directors believes its stock is undervalued.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 15th. Shareholders of record on Thursday, March 1st will be issued a dividend of $0.21 per share. This is a boost from Interpublic Group of Companies’s previous quarterly dividend of $0.18. This represents a $0.84 annualized dividend and a yield of 3.55%. The ex-dividend date is Wednesday, February 28th. Interpublic Group of Companies’s payout ratio is currently 57.14%.
In related news, SVP Andrew Bonzani sold 28,627 shares of the business’s stock in a transaction that occurred on Thursday, March 1st. The stock was sold at an average price of $23.46, for a total value of $671,589.42. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director H John Greeniaus sold 14,242 shares of the business’s stock in a transaction that occurred on Friday, March 2nd. The shares were sold at an average price of $23.50, for a total value of $334,687.00. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 374,144 shares of company stock valued at $8,800,366. 1.49% of the stock is currently owned by company insiders.
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About Interpublic Group of Companies
The Interpublic Group of Companies, Inc is a global advertising and marketing services company. The Company specializes in consumer advertising, digital marketing, communications planning and media buying, public relations and specialized communications disciplines. It operates in two segments: Integrated Agency Networks (IAN) and Constituency Management Group (CMG).
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