Stagwell (STGW) Expected to Announce Quarterly Earnings on Thursday

Stagwell (NASDAQ:STGW) is expected to be announcing its earnings results 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. Investors that wish to listen to the company’s conference call can do so using this link.

Stagwell Stock Performance

Shares of NASDAQ:STGW opened at $6.66 on Tuesday. The company’s 50 day simple moving average is $6.48 and its 200 day simple moving average is $6.87. The stock has a market capitalization of $1.75 billion, a price-to-earnings ratio of 20.50 and a beta of 1.44. The company has a debt-to-equity ratio of 1.97, a current ratio of 0.95 and a quick ratio of 0.95. Stagwell has a 1 year low of $4.88 and a 1 year high of $8.18.

Analysts Set New Price Targets

A number of research analysts recently issued reports on STGW shares. Benchmark lifted their price objective on shares of Stagwell from $8.50 to $9.50 and gave the company a “buy” rating in a research note on Friday, November 8th. Rosenblatt Securities reaffirmed a “buy” rating and set a $9.00 target price on shares of Stagwell in a research note on Friday, February 14th. Finally, Wells Fargo & Company raised shares of Stagwell from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $8.00 to $9.00 in a research note on Friday. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, Stagwell has an average rating of “Moderate Buy” and a consensus target price of $8.58.

About Stagwell

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.