Free Research Report as Interpublic Group of Cos. Reported Better-Than-Expected Results

LONDON, UK / ACCESSWIRE / March 23, 2018 / Active-Investors.com has just released a free earnings report on The Interpublic Group of Cos., Inc. (NYSE: IPG) ("Interpublic"). If you want access to this report all you need to do is sign up now by clicking the following link www.active-investors.com/registration-sg/?symbol=IPG. Interpublic reported its fourth quarter and fiscal 2017 operating and financial results on February 14, 2018. The marketing and advertising Company's earnings gained 5% on a y-o-y basis. Register today and get access to over 1,000 Free Research Reports by joining our site below:

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Active-Investors.com is focused on giving you timely information and the inside line on companies that matter to you. This morning, The Interpublic Group most recent news is on our radar and our team decided to put out a fantastic report on the company that is now available for free below:

www.active-investors.com/registration-sg/?symbol=IPG

Earnings Highlights and Summary

Interpublic's revenue of $2.34 billion in Q4 2017, increased 3.4% compared to $2.26 billion in Q4 2016. In the reported quarter, the effect of foreign currency translation on Company's results was positive 1.2%, while the impact of net divestitures was negative 1.1%. Interpublic's reported numbers beat analysts' estimates of $2.27 billion.

For full year 2017, Interpublic's revenue was $7.88 billion, up 0.5% compared to $7.85 billion in FY16, with an organic revenue increase of 1.8% compared to the prior year's same period.

During Q4 2017, Interpublic's salaries and related expenses were $1.33 billion, up 1.3% on a y-o-y basis. After adjusting for currency effects and the impact of net divestitures, salaries and related expenses increased 0.9% organically compared to the year ago same period.

Interpublic's operating income was $518.3 million in Q4 2017, up 7% compared to $485.7 million in Q4 2016. The Company's operating margin was 22.1% in the reported quarter compared to 21.4% for the year ago corresponding period.

For Q4 2017, net income available to Interpublic's common stockholders was $316.6 million, resulting in earnings of $0.81 per diluted share compared to net income available to the Company's stockholders of $317.6 million, or $0.78 per diluted share, in Q4 2016.

For Q4 2017, Interpublic's net income available to the Company's common stockholders included pre-tax net losses of $3.2 million on sales of businesses in "Other expense" and a net benefit of $36.0 million as a result of the enactment of the Tax Cuts and Jobs Act. The reported quarter results also included a reversal of the $31.2 million tax benefit the Company recorded during Q3 2017 related to foreign tax credits as a result of the enactment of the Tax Cuts and Jobs Act. Excluding these items, Interpublic's earnings would have been $0.79 per diluted share for Q4 2017, up 5% compared to adjusted earnings of $0.75 per diluted share in Q4 2016.

For FY17, Interpublic's net income was $579.0 million, resulting in earnings of $1.46 per diluted share, compared to net income available to the Company's common stockholders of $608.5 million, resulting in earnings of $1.49 per diluted share in FY16. For FY17, Interpublic's net income available to the Company's common stockholders included pre-tax net losses of $24.1 million, on sales of businesses in "Other expense" and a net benefit of $36.0 million as a result of the enactment of the Tax Cuts and Jobs Act. Excluding these items, the Company's adjusted earnings would have been $ $1.41 per share for FY17 compared to $1.39 per share in the prior year's same period.

Balance Sheet

At December 31, 2017, Interpublic's cash, cash equivalents, and marketable securities totaled $791.0 million compared to $1.10 billion at December 31, 2016. The Company's total debt was $1.37 billion at December 31, 2017, compared to $1.69 billion at December 31, 2016.

During Q4 2017, Interpublic repurchased 4.2 million shares of its common stock at an aggregate cost of $84.1 million and an average price of $19.85 per share. For FY17, the Company repurchased 13.7 million shares of its common stock at an aggregate cost of $300.1 million and an average price of $21.97 per share.

Interpublic`s Board of Directors authorized a new program to repurchase, from time to time, up to $300 million of the Company`s common stock. The new share repurchase program, which is in addition to any amounts remaining for repurchase under the program announced in 2017, will take effect immediately and has no expiration date.

Stock Performance Snapshot

March 22, 2018 - At Thursday's closing bell, Interpublic's stock declined 2.97%, ending the trading session at $22.23.

Volume traded for the day: 5.85 million shares.

Stock performance in the last three-month – up 9.02%; previous six-month period – up 6.93%; and year-to-date – up 10.27%

After yesterday's close, Interpublic's market cap was at $8.63 billion.

Price to Earnings (P/E) ratio was at 16.20.

The stock has a dividend yield of 3.78%.

The stock is part of the Services sector, categorized under the Advertising Agencies industry.

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