In the last trading session, 3.6 million shares of the Interpublic Group Of Cos., Inc. (NYSE:IPG) were traded, and its beta was 1.12. Most recently the company’s share price was $30.99, and it changed around -$0.04 or -0.13% from the last close, which brings the market valuation of the company to $11.74B. IPG currently trades at a discount to its 52-week high of $40.95, offering almost -32.14% off that amount. The share price’s 52-week low was $27.20, which indicates that the current value has risen by an impressive 12.23% since then. We note from Interpublic Group Of Cos., Inc.’s average daily trading volume that its 3-month average coming to 4.19 million.
Interpublic Group Of Cos., Inc. stock received a consensus recommendation rating of Buy, based on a mean score of 2.25. If we narrow it down even further, the data shows that 1 out of 16 analysts rate the stock as a Sell; another 5 rate it as Overweight. Among the rest, 5 recommended IPG as a Hold, whereas 5 deemed it a Buy, and 0 rated it as Underweight. Interpublic Group Of Cos., Inc. is expected to report earnings per share of $0.35 for the current quarter.
Interpublic Group Of Cos., Inc. (NYSE:IPG) trade information
Instantly IPG has showed a red trend with a performance of -0.13% at the end of last trading. The performance over the last five days has remained in the green territory. The company’s shares are currently down -5.06% year-to-date, but still up 2.11% over the last five days. On the other hand, Interpublic Group Of Cos., Inc. (NYSE:IPG) is -5.37% down in the 30-day period.
The consensus price target as assigned by Wall Street analysts is $56.75, which translates to bulls needing to increase their stock price by 45.39% from its current value. Analyst projections state that IPG is forecast to be at a low of $36 and a high of $112.
Interpublic Group Of Cos., Inc. (IPG) estimates and forecasts
Interpublic Group Of Cos., Inc. share prices are performing particularly well not compared to other companies within the same industry. As is evident from the statistics, the company’s shares have risen 11.92 percent over the past six months and at a -7.02% annual growth rate that is well below the industry average of 10.00%. Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will loss -7.90% in revenue this quarter, and will report an increase of 10.50% in the next quarter. The year-over-year growth rate is expected to be 4.00%, up from the previous year.
Consensus estimates provided by 5 financial analysts predict the company will bring in an average of $2.25 billion in revenue for the current quarter. 4 analysts expect Interpublic Group Of Cos., Inc. to make $2.43 billion in revenue for the quarter ending Jun 2024. The company’s sales for the same quarters a year ago were $2.2 billion and $2.33 billion respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 2.40%. Forecasts for the next quarter put sales growth at 4.20%.
Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 12.34%. Interpublic Group Of Cos., Inc. earnings are expected to increase by -4.13% in 2024, but the outlook is positive 6.00% per year for the next five years.
IPG Dividends
Interpublic Group Of Cos., Inc.’s next quarterly earnings report is expected to be released in May. The annual dividend yield of the stock is 4.07 percent and its annual dividend per share was 1.26. It is important to note, however, that the 4.07% dividend yield ratio should be regarded as a guide only, as many other factors should be taken into consideration before making any investment decision.
