WPP (LON:WPP) Posts Quarterly Earnings Results

WPP (LON:WPP) announced its quarterly earnings data on Thursday. The company reported GBX 50.30 ($0.64) earnings per share (EPS) for the quarter, Digital Look Earnings reports. WPP had a return on equity of 5.92% and a net margin of 1.37%.

WPP Stock Performance

Shares of LON WPP traded down GBX 121.33 ($1.54) during midday trading on Thursday, hitting GBX 648.87 ($8.23). 10,108,823 shares of the company’s stock were exchanged, compared to its average volume of 2,562,713. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 215.67. The firm has a market capitalization of £6.99 billion, a PE ratio of 34.28, a price-to-earnings-growth ratio of 13.47 and a beta of 1.13. WPP has a 12 month low of GBX 616.60 ($7.82) and a 12 month high of GBX 903 ($11.45). The company’s 50 day moving average price is GBX 775.33 and its 200 day moving average price is GBX 783.46.

Insider Activity at WPP

In other news, insider Joanne Wilson sold 8,794 shares of the company’s stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of GBX 860 ($10.91), for a total value of £75,628.40 ($95,914.27). 0.22% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Separately, JPMorgan Chase & Co. dropped their price target on shares of WPP from GBX 1,040 ($13.19) to GBX 960 ($12.18) and set a “neutral” rating on the stock in a research report on Tuesday, January 7th.

About WPP

WPP is the creative transformation company, using the power of creativity to build better futures for our people, planet, clients and communities.

At WPP we’re reinventing creativity on an ever-broader canvas, bringing together unrivalled talent, resources and skills to provide an integrated offer of communications, experience, commerce and technology for clients.