Stagwell (STGW) Set to Announce Earnings on Wednesday

Stagwell (NASDAQ:STGW) will 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 are interested in participating in the company’s conference call can do so using this link.

Stagwell (NASDAQ:STGW) last posted its quarterly earnings data on Tuesday, February 27th. The company reported $0.12 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.13). The firm had revenue of $654.90 million during the quarter, compared to the consensus estimate of $683.12 million. Stagwell had a positive return on equity of 7.38% and a negative net margin of 0.09%. Stagwell’s revenue for the quarter was down 7.5% compared to the same quarter last year. During the same quarter last year, the company posted $0.22 EPS. 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

NASDAQ:STGW opened at $6.12 on Tuesday. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 1.39. The firm’s 50-day moving average price is $5.85 and its 200-day moving average price is $5.74. Stagwell has a 1-year low of $3.83 and a 1-year high of $8.59.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on STGW. Needham & Company LLC reiterated a “buy” rating and set a $7.50 target price on shares of Stagwell in a report on Tuesday, April 16th. Benchmark reissued a “buy” rating and issued a $6.50 target price on shares of Stagwell in a research note on Friday, March 15th. Finally, TheStreet raised Stagwell from a “d+” rating to a “c-” rating in a research report on Wednesday, March 6th. Three investment 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 an average rating of “Moderate Buy” and an average target price of $8.11.

Insider Buying and Selling

In related news, CEO Mark Jeffery Penn purchased 10,000 shares of the company’s stock in a transaction dated Wednesday, February 28th. The shares were purchased 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 in the company, valued at approximately $12,898,438.80. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In other news, CEO Mark Jeffery Penn bought 10,000 shares of the stock in a transaction 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 completion of the acquisition, the chief executive officer now owns 2,480,469 shares in the company, valued at $12,898,438.80. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Wade Oosterman acquired 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, February 28th. The stock was acquired at an average cost of $5.04 per share, for a total transaction 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 disclosure for this purchase can be found here. 4.90% of the stock is owned by corporate insiders.

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.