Stagwell Inc. (NASDAQ:STGW – Get Rating) – Research analysts at B. Riley issued their FY2022 earnings per share estimates for shares of Stagwell in a note issued to investors on Monday, November 14th. B. Riley analyst J. Van. Sinderen expects that the company will earn $0.84 per share for the year. B. Riley currently has a “Buy” rating and a $13.00 price objective on the stock. The consensus estimate for Stagwell’s current full-year earnings is $0.90 per share. B. Riley also issued estimates for Stagwell’s Q4 2022 earnings at $0.18 EPS, FY2023 earnings at $0.31 EPS and FY2024 earnings at $0.35 EPS.
Stagwell (NASDAQ:STGW – Get Rating) last issued its earnings results on Thursday, November 3rd. The company reported $0.21 earnings per share for the quarter. Stagwell had a return on equity of 5.87% and a net margin of 1.33%. The business had revenue of $663.79 million during the quarter.
Stagwell Trading Up 0.8 %
Shares of NASDAQ STGW opened at $7.96 on Thursday. The company has a debt-to-equity ratio of 1.61, a current ratio of 0.86 and a quick ratio of 0.86. The stock has a market capitalization of $2.35 billion, a P/E ratio of 29.48 and a beta of 0.95. Stagwell has a 1-year low of $4.80 and a 1-year high of $9.61. The business has a fifty day moving average price of $7.30 and a 200 day moving average price of $6.87.
Institutional Investors Weigh In On Stagwell
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in Stagwell in the first quarter valued at about $1,879,000. Arizona State Retirement System raised its stake in Stagwell by 24.8% in the first quarter. Arizona State Retirement System now owns 21,420 shares of the company’s stock valued at $155,000 after buying an additional 4,259 shares during the last quarter. RK Capital Management LLC raised its stake in Stagwell by 75.8% in the first quarter. RK Capital Management LLC now owns 1,204,387 shares of the company’s stock valued at $8,720,000 after buying an additional 519,487 shares during the last quarter. First Pacific Advisors LP acquired a new position in shares of Stagwell in the first quarter valued at about $2,235,000. Finally, Corrado Advisors LLC acquired a new position in shares of Stagwell in the first quarter valued at about $2,286,000. 27.80% of the stock is currently owned by hedge funds and other institutional investors.
Stagwell Inc provides digital transformation, performance media and data, consumer insights and strategy, and creativity and communications services. The company operates through three segments: Integrated Agencies Network, Media Network, and Communications Network. It designs and builds digital platforms and experiences that support the delivery of content, commerce, service, and sales; creates websites, mobile applications, back-end systems, content and data management systems, and other digital environments; designs and implements technology and data strategies; and develops software and related technology products, including cookie-less data platforms for audience targeting and activation, software tools for e-commerce applications, and text messaging applications for consumer engagement.
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