The Interpublic Group of Companies, Inc. (NYSE:IPG) is expected to report third quarter earnings results, before market open, on Wednesday 21st October 2020.
Analysts polled by Thomson Reuters anticipate third quarter income of $ 0.33 per share.
Looking ahead, the full year income are expected at $ 1.37 per share on the revenues of $ 7901.98 million.
Previous Quarter Performance
The Interpublic Group of Companies, Inc. outlined income for the second quarter of $ 0.23 per share, from the revenue of $ 2,026.00 million. The quarterly earnings 50.00 percent while revenues decreased 4.70 percent compared with the same quarter last year.
Street analysts expected The Interpublic Group of Companies, Inc. to report income of $ 0.20 per share on revenue of $ 1733.63 million for the second quarter. The bottom line results beat street analysts by $ 0.03 or 15.00 percent, at the same time, top line results outshined analysts by $ 292.37 million or 16.86 percent.
Stock Performance
Shares of The Interpublic Group of Companies, Inc. traded up $ 0.26 or 1.47 percent on Tuesday, reaching $ 18.00 with volume of 4.24 million shares. The Interpublic Group of Companies, Inc. has traded high as $ 18.08 and has cracked $ 17.80 on the downward trend
The closing price of $ 18.00, representing a 52.54 % increase from the 52 week low of $ 11.63 and a 29.6 % decrease over the 52 week high of $ 25.20.
The company has a market capital of $ 7.02 billion and is part of the Consumer Cyclical sector and Advertising Agencies industry.
Recent Stock Dividend Announcement
The board of directors has authorized quarterly dividend of $ 0.255 per share on August 13, 2020. The dividend were payable on September 15, 2020 to holders of record as of the close of business on September 1, 2020 and ex-dividend date on August 31, 2020.
Conference Call
The Interpublic Group of Companies, Inc. will be hosting a conference call at 8:30 AM eastern time on 21st October 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.interpublic.com
The Interpublic Group of Companies, Inc. provides advertising and marketing services worldwide. The company operates through two segments, Integrated Agency Networks and Constituency Management Group.
