Analysts forecast that MDC Partners Inc. (NASDAQ:MDCA) will report $409.90 million in sales for the current quarter, according to Zacks. Two analysts have made estimates for MDC Partners’ earnings. The highest sales estimate is $411.70 million and the lowest is $408.10 million. MDC Partners reported sales of $390.44 million during the same quarter last year, which indicates a positive year over year growth rate of 5%. The business is scheduled to issue its next quarterly earnings results on Monday, February 26th.
On average, analysts expect that MDC Partners will report full year sales of $409.90 million for the current year. For the next year, analysts expect that the business will post sales of $1.60 billion per share, with estimates ranging from $1.59 billion to $1.61 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of research firms that follow MDC Partners.
MDC Partners (NASDAQ:MDCA) last issued its quarterly earnings results on Monday, October 30th. The business services provider reported $0.24 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.12 by $0.12. The company had revenue of $375.80 million for the quarter, compared to the consensus estimate of $372.08 million. MDC Partners had a negative return on equity of 7.92% and a net margin of 1.79%. The company’s revenue for the quarter was up 7.6% on a year-over-year basis. During the same period in the previous year, the business posted ($0.62) EPS.
A number of analysts have recently issued reports on the company. Wells Fargo & Company restated a “hold” rating and set a $12.00 price objective on shares of MDC Partners in a research report on Tuesday, October 31st. BMO Capital Markets reissued a “buy” rating and issued a $15.00 price objective on shares of MDC Partners in a research note on Wednesday, October 18th. Jefferies Group LLC reissued a “buy” rating on shares of MDC Partners in a research note on Thursday, September 21st. Royal Bank Of Canada reissued a “hold” rating and issued a $12.00 price objective on shares of MDC Partners in a research note on Wednesday, September 13th. Finally, BidaskClub lowered MDC Partners from a “strong-buy” rating to a “buy” rating in a research note on Thursday, August 3rd. Five research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. MDC Partners presently has a consensus rating of “Hold” and an average target price of $12.00.
Institutional investors have recently made changes to their positions in the business. Principal Financial Group Inc. bought a new stake in shares of MDC Partners in the second quarter worth about $101,000. SG Americas Securities LLC bought a new position in shares of MDC Partners during the third quarter worth about $112,000. Oppenheimer Asset Management Inc. grew its holdings in shares of MDC Partners by 185.1% during the third quarter. Oppenheimer Asset Management Inc. now owns 10,873 shares of the business services provider’s stock worth $120,000 after buying an additional 7,059 shares in the last quarter. Emerald Mutual Fund Advisers Trust bought a new position in shares of MDC Partners during the second quarter worth about $136,000. Finally, Jane Street Group LLC bought a new position in shares of MDC Partners during the third quarter worth about $158,000. Institutional investors own 85.31% of the company’s stock.
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Shares of MDC Partners (NASDAQ MDCA) opened at $10.75 on Friday. The stock has a market capitalization of $601.11, a P/E ratio of 18.73, a PEG ratio of 4.09 and a beta of 1.47. The company has a current ratio of 0.71, a quick ratio of 0.71 and a debt-to-equity ratio of -1.94. MDC Partners has a 1 year low of $5.70 and a 1 year high of $12.26.
MDC Partners Company Profile
MDC Partners Inc is a provider of global marketing, advertising, activation, communications and strategic consulting solutions. The Company and its subsidiary agencies (Partner Firms) deliver a range of customized services. The Company’s segments include Reportable Segment, All Other and Corporate. The Reportable segment consists of the Company’s integrated advertising, media and public relations service companies.
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