Stagwell (NASDAQ:STGW) Updates FY24 Earnings Guidance

Stagwell (NASDAQ:STGW) updated its FY24 earnings guidance on Thursday. The company provided EPS guidance of $0.75-0.88 for the period, compared to the consensus EPS estimate of $0.75. Stagwell also updated its FY 2024 guidance to 0.750-0.880 EPS.

Stagwell Trading Up 5.3 %

Stagwell stock opened at $7.12 on Thursday. Stagwell has a 1 year low of $4.25 and a 1 year high of $7.50. The firm’s 50 day moving average price is $6.88 and its two-hundred day moving average price is $6.78. The firm has a market cap of $1.88 billion, a price-to-earnings ratio of -356.00 and a beta of 1.35. The company has a debt-to-equity ratio of 1.95, a quick ratio of 0.90 and a current ratio of 0.90.

Analyst Ratings Changes

Several brokerages have commented on STGW. Needham & Company LLC reiterated a “buy” rating and issued a $7.50 target price on shares of Stagwell in a report on Monday, October 21st. Benchmark reissued a “buy” rating and set a $8.50 price target on shares of Stagwell in a research report on Wednesday, October 23rd. Finally, Rosenblatt Securities reiterated a “buy” rating and issued a $8.00 target price on shares of Stagwell in a report on Monday, August 5th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, Stagwell currently has a consensus rating of “Moderate Buy” and a consensus target price of $8.10.

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.