Stagwell (STGW) to Release Quarterly Earnings on Wednesday

Stagwell (NASDAQ:STGW) is scheduled to announce its earnings results before the market opens on Wednesday, May 1st. Analysts expect the company to announce earnings of $0.14 per share for the quarter. Stagwell has set its FY 2024 guidance at 0.750-0.880 EPS and its FY24 guidance at $0.78-0.88 EPS.Investors that wish to register for the company’s conference call can do so using this link.

Stagwell (NASDAQ:STGW) last released its quarterly earnings data on Tuesday, February 27th. The company reported $0.12 earnings per share for the quarter, missing the consensus estimate of $0.25 by ($0.13). Stagwell had a positive return on equity of 7.38% and a negative net margin of 0.09%. The business had revenue of $654.90 million for the quarter, compared to analyst estimates of $683.12 million. During the same quarter in the previous year, the company posted $0.22 EPS. The business’s quarterly revenue was down 7.5% on a year-over-year basis. On average, analysts expect Stagwell to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Stagwell Stock Performance

STGW opened at $6.01 on Wednesday. The company has a debt-to-equity ratio of 1.39, a quick ratio of 0.75 and a current ratio of 0.75. The company’s fifty day moving average price is $5.90 and its two-hundred day moving average price is $5.69. Stagwell has a 1-year low of $3.83 and a 1-year high of $8.59.

Insider Activity

In other news, CEO Mark Jeffery Penn bought 10,000 shares of the stock in a transaction dated Wednesday, February 28th. The stock was bought at an average price of $5.20 per share, for a total transaction of $52,000.00. Following the completion of the acquisition, the chief executive officer now directly owns 2,480,469 shares in the company, valued at approximately $12,898,438.80. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, Director Wade Oosterman acquired 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, February 28th. The stock was acquired at an average price of $5.04 per share, for a total transaction of $25,200.00. Following the completion of the acquisition, the director now owns 128,204 shares of the company’s stock, valued at approximately $646,148.16. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Mark Jeffery Penn acquired 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, February 28th. The shares were bought at an average price of $5.20 per share, with a total value of $52,000.00. Following the acquisition, the chief executive officer now directly owns 2,480,469 shares of the company’s stock, valued at approximately $12,898,438.80. The disclosure for this purchase can be found here. 4.90% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several research analysts have weighed in on STGW shares. Needham & Company LLC restated a “buy” rating and set a $7.50 price objective on shares of Stagwell in a report on Tuesday, April 16th. TheStreet upgraded shares of Stagwell from a “d+” rating to a “c-” rating in a report on Wednesday, March 6th. Finally, Benchmark restated a “buy” rating and set a $6.50 price objective on shares of Stagwell in a report on Friday, March 15th. Three analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $8.11.

Stagwell Company Profile

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, Brand Performance 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 artificial intelligence (AI)-enabled communications, research, and media technology, cookie-less data platforms for advance targeting and activation, software tools for e-commerce applications, specialty media solutions in the augmented reality space, and text messaging applications for consumer engagement.