Stagwell (STGW) Expected to Announce Quarterly Earnings on Thursday

Stagwell (NASDAQ:STGW) is projected to issue its quarterly earnings data before the market opens on Thursday, February 27th. Analysts expect the company to announce earnings of $0.25 per share and revenue of $753.27 million for the quarter. Parties that are interested in registering for the company’s conference call can do so using this link.

Stagwell Price Performance

Shares of NASDAQ STGW opened at $6.66 on Tuesday. The company has a fifty day moving average price of $6.48 and a 200 day moving average price of $6.87. Stagwell has a 1-year low of $4.88 and a 1-year high of $8.18. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 1.97. The firm has a market cap of $1.75 billion, a PE ratio of 20.50 and a beta of 1.44.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on STGW shares. Rosenblatt Securities restated a “buy” rating and issued a $9.00 price objective on shares of Stagwell in a report on Friday, February 14th. Benchmark raised their price objective on Stagwell from $8.50 to $9.50 and gave the company a “buy” rating in a report on Friday, November 8th. Finally, Wells Fargo & Company upgraded Stagwell from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $8.00 to $9.00 in a report on Friday. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $8.58.

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.