Interpublic Group Of Cos., Inc. (NYSE: IPG) closed the day trading at $31.20 down -0.64% from the previous closing price of $31.40. In other words, the price has decreased by -$0.20 from its previous closing price. On the day, 3587208 shares were traded.
Ratios:
For a better understanding of IPG, let’s look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 4.95 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 31.48. For the most recent quarter (mrq), Quick Ratio is recorded 1.06 and its Current Ratio is at 1.06. In the meantime, Its Debt-to-Equity ratio is 1.18 whereas as Long-Term Debt/Eq ratio is at 1.05.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, UBS on January 11, 2024, initiated with a Neutral rating and assigned the stock a target price of $36.
On July 24, 2023, Wells Fargo Downgraded its rating to Equal Weight which previously was Overweight and also lowered its target price recommendation from $43 to $33.
BofA Securities Upgraded its Neutral to Buy on March 30, 2023, whereas the target price for the stock was revised from $38 to $40.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Feb 27 when KRAKOWSKY PHILIPPE sold 150,403 shares for $32.20 per share. The transaction valued at 4,842,977 led to the insider holds 415,776 shares of the business.
Bonzani Andrew sold 40,468 shares of IPG for $1,303,070 on Feb 27. The EVP, General Counsel now owns 70,431 shares after completing the transaction at $32.20 per share. On Feb 27, another insider, Johnson Ellen Tobi, who serves as the CFO of the company, sold 40,393 shares for $32.20 each. As a result, the insider received 1,300,655 and left with 88,350 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, IPG now has a Market Capitalization of 11.82B and an Enterprise Value of 14.10B. As of this moment, Interpublic’s Price-to-Earnings (P/E) ratio for their current fiscal year is 10.95, and their Forward P/E ratio for the next fiscal year is 10.20. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.82. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.09 while its Price-to-Book (P/B) ratio in mrq is 3.00. Its current Enterprise Value per Revenue stands at 1.29 whereas that against EBITDA is 7.43.
Stock Price History:
Over the past 52 weeks, IPG has reached a high of $40.95, while it has fallen to a 52-week low of $27.20. The 50-Day Moving Average of the stock is 32.42, while the 200-Day Moving Average is calculated to be 32.98.
Shares Statistics:
Over the past 3-months, IPG traded about 3.70M shares per day on average, while over the past 10 days, IPG traded about 3.49M shares per day. A total of 378.70M shares are outstanding, with a floating share count of 377.59M. Insiders hold about 0.37% of the company’s shares, while institutions hold 102.48% stake in the company. Shares short for IPG as of Feb 15, 2024 were 14.5M with a Short Ratio of 3.92, compared to 14.62M on Jan 12, 2024. Therefore, it implies a Short% of Shares Outstanding of 3.83% and a Short% of Float of 5.00%.
Dividends & Splits
IPG’s forward annual dividend rate is 1.26, up from 1.24 a year ago. Against a Trailing Annual Dividend Yield of 3.95%, it implies a Forward Annual Dividend Yield of 4.23%. The stock’s 5-year Average Dividend Yield is 3.95. The current Payout Ratio is 43.57% for IPG, which recently paid a dividend on Mar 15, 2024 with an ex-dividend date of Feb 29, 2024. Stock splits for the company last occurred on Jul 16, 1999 when the company split stock in a 2:1 ratio.
Earnings Estimates
Current recommendations for the stock of the company come from 6 analysts. On average, analysts expect EPS of $0.35 for the current quarter, with a high estimate of $0.39 and a low estimate of $0.33, while EPS last year was $0.38. The consensus estimate for the next quarter is $0.63, with high estimates of $0.68 and low estimates of $0.59.
Analysts are recommending an EPS of between $2.94 and $2.77 for the fiscal current year, implying an average EPS of $2.86. EPS for the following year is $3.06, with 10 analysts recommending between $3.18 and $2.96.
Revenue Estimates
4 analysts predict $2.27B in revenue for the current quarter. It ranges from a high estimate of $2.54B to a low estimate of $2.16B. As of the current estimate, Interpublic Group Of Cos., Inc.’s year-ago sales were $2.2B, an estimated increase of 3.10% from the year-ago figure. For the next quarter, 4 analysts are estimating revenue of $2.43B, an increase of 4.30% over than the figure of $3.10% in the same quarter last year. There is a high estimate of $2.69B for the next quarter, whereas the lowest estimate is $2.33B.
A total of 9 analysts have provided revenue estimates for IPG’s current fiscal year. The highest revenue estimate was $10.94B, while the lowest revenue estimate was $9.39B, resulting in an average revenue estimate of $9.64B. In the same quarter a year ago, actual revenue was $9.4B, up 2.60% from the average estimate. Based on 9 analysts’ estimates, the company’s revenue will be $9.92B in the next fiscal year. The high estimate is $11.21B and the low estimate is $9.59B. The average revenue growth estimate for next year is up 2.90% from the average revenue estimate for this year.
