Analysts expect MDC Partners (NASDAQ:MDCA) to announce earnings of $0.09 per share for the current quarter, Zacks Investment Research reports. Two analysts have issued estimates for MDC Partners’ earnings. The lowest EPS estimate is $0.08 and the highest is $0.09. MDC Partners reported earnings per share of $0.14 during the same quarter last year, which would suggest a negative year over year growth rate of 35.7%. The business is scheduled to issue its next earnings results on Monday, August 6th.
On average, analysts expect that MDC Partners will report full-year earnings of $0.31 per share for the current fiscal year. For the next financial year, analysts anticipate that the company will report earnings of $0.70 per share, with EPS estimates ranging from $0.64 to $0.75. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side analysts that that provide coverage for MDC Partners.
MDC Partners (NASDAQ:MDCA) last issued its quarterly earnings results on Wednesday, May 9th. The business services provider reported ($0.56) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.12) by ($0.44). MDC Partners had a negative return on equity of 6.92% and a net margin of 14.91%. The company had revenue of $327.00 million for the quarter, compared to analysts’ expectations of $352.73 million. During the same quarter in the previous year, the business earned ($0.21) EPS. The company’s revenue for the quarter was down 5.1% on a year-over-year basis.
Several brokerages have recently issued reports on MDCA. Royal Bank of Canada set a $6.00 price target on shares of MDC Partners and gave the stock a “hold” rating in a research note on Friday, May 18th. They noted that the move was a valuation call. Zacks Investment Research downgraded shares of MDC Partners from a “hold” rating to a “strong sell” rating in a report on Tuesday, May 15th. ValuEngine downgraded shares of MDC Partners from a “sell” rating to a “strong sell” rating in a report on Wednesday, May 2nd. Wells Fargo & Co raised shares of MDC Partners from a “market perform” rating to an “outperform” rating in a report on Thursday, April 12th. Finally, BidaskClub downgraded shares of MDC Partners from a “sell” rating to a “strong sell” rating in a report on Thursday, March 8th. Three analysts have rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $10.85.
Shares of MDCA stock traded down $0.10 during trading hours on Thursday, hitting $4.35. 731,000 shares of the company were exchanged, compared to its average volume of 473,673. The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of -3.37. MDC Partners has a 52-week low of $3.80 and a 52-week high of $12.26. The firm has a market cap of $266.16 million, a P/E ratio of 7.13, a PEG ratio of 1.90 and a beta of 1.27.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in MDCA. Kennedy Capital Management Inc. raised its position in shares of MDC Partners by 7.4% during the 4th quarter. Kennedy Capital Management Inc. now owns 517,268 shares of the business services provider’s stock valued at $5,043,000 after buying an additional 35,802 shares in the last quarter. American Century Companies Inc. boosted its stake in shares of MDC Partners by 131.8% during the 4th quarter. American Century Companies Inc. now owns 285,443 shares of the business services provider’s stock valued at $2,783,000 after purchasing an additional 162,302 shares in the last quarter. Allianz Asset Management GmbH boosted its stake in shares of MDC Partners by 100.6% during the 4th quarter. Allianz Asset Management GmbH now owns 155,030 shares of the business services provider’s stock valued at $1,512,000 after purchasing an additional 77,761 shares in the last quarter. SG Americas Securities LLC boosted its stake in shares of MDC Partners by 106.5% during the 4th quarter. SG Americas Securities LLC now owns 21,070 shares of the business services provider’s stock valued at $205,000 after purchasing an additional 10,867 shares in the last quarter. Finally, Cornerstone Capital Management Holdings LLC. boosted its stake in shares of MDC Partners by 39.9% during the 4th quarter. Cornerstone Capital Management Holdings LLC. now owns 165,500 shares of the business services provider’s stock valued at $1,613,000 after purchasing an additional 47,200 shares in the last quarter. 89.71% of the stock is owned by institutional investors.
About MDC Partners
MDC Partners Inc provides marketing, advertising, activation, communications, and strategic consulting solutions worldwide. It offers a range of customized services, including global advertising and marketing services; media buying, planning, and optimization; interactive and mobile marketing; direct marketing; database and customer relationship management; sales promotion; corporate communications; market research; data analytics and insights; corporate identity, design, and branding services; social media communications; product and service innovation; e-commerce management; and technology services.
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