WPP (LON:WPP) Posts Quarterly Earnings Results

WPP (LON:WPP) posted its quarterly earnings results on Thursday. The company reported GBX 50.30 ($0.63) 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

WPP stock opened at GBX 644 ($8.10) on Friday. The business’s 50-day moving average price is GBX 767.73 and its two-hundred day moving average price is GBX 782.95. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 215.67. The firm has a market cap of £6.94 billion, a PE ratio of 34.02, a P/E/G ratio of 13.47 and a beta of 1.13. WPP has a 1-year low of GBX 616.60 ($7.75) and a 1-year high of GBX 903 ($11.36).

Analyst Upgrades and Downgrades

Separately, JPMorgan Chase & Co. reduced their price target on WPP from GBX 1,040 ($13.08) to GBX 960 ($12.07) and set a “neutral” rating on the stock in a research report on Tuesday, January 7th.

Insiders Place Their Bets

In other WPP news, insider Joanne Wilson sold 8,794 shares of WPP stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of GBX 860 ($10.81), for a total transaction of £75,628.40 ($95,106.14). Corporate insiders own 0.22% of the company’s stock.

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.