Stagwell (STGW) to Release Quarterly Earnings on Wednesday

Stagwell (NASDAQ:STGW) is scheduled to issue its quarterly earnings data 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.Individual that wish to listen to the company’s earnings conference call can do so using this link.

Stagwell (NASDAQ:STGW) last issued its quarterly earnings results on Tuesday, February 27th. The company reported $0.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.25 by ($0.13). Stagwell had a negative net margin of 0.09% and a positive return on equity of 7.38%. The business had revenue of $654.90 million during the quarter, compared to analyst estimates of $683.12 million. During the same quarter in the previous year, the firm posted $0.22 earnings per share. The firm’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 Price Performance

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

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the stock. Benchmark reiterated a “buy” rating and issued a $6.50 price target on shares of Stagwell in a research note on Friday, March 15th. Needham & Company LLC reiterated a “buy” rating and issued a $7.50 price target on shares of Stagwell in a research note on Tuesday, April 16th. Finally, TheStreet upgraded shares of Stagwell from a “d+” rating to a “c-” rating in a research note on Wednesday, March 6th. Three equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $8.11.

Insider Activity

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

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.