Brokers Set Expectations for MDC Partners Inc.’s FY2017 Earnings (MDCA)
MDC Partners Inc. (NASDAQ:MDCA) – Equities research analysts at Jefferies Group raised their FY2017 earnings estimates for shares of MDC Partners in a report released on Tuesday. Jefferies Group analyst J. Janedis now forecasts that the business services provider will post earnings of $0.47 per share for the year, up from their previous forecast of $0.37. Jefferies Group has a “Buy” rating on the stock. Jefferies Group also issued estimates for MDC Partners’ Q4 2017 earnings at $0.27 EPS, Q1 2018 earnings at $0.02 EPS, Q2 2018 earnings at $0.12 EPS, Q4 2018 earnings at $0.30 EPS, FY2018 earnings at $0.61 EPS and FY2019 earnings at $0.79 EPS.
Several other equities research analysts have also recently commented on the stock. Wells Fargo & Company reissued a “hold” rating and set a $12.00 price target on shares of MDC Partners in a research report on Tuesday, October 31st. BMO Capital Markets restated a “buy” rating and set a $15.00 price objective on shares of MDC Partners in a research note on Wednesday, October 18th. Royal Bank Of Canada reiterated a “hold” rating and issued a $12.00 price target on shares of MDC Partners in a research note on Wednesday, September 13th. Finally, BidaskClub lowered shares of MDC Partners from a “strong-buy” rating to a “buy” rating in a research note on Thursday, August 3rd. Five investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. MDC Partners has a consensus rating of “Hold” and a consensus price target of $12.00.
MDC Partners (NASDAQ:MDCA) traded up $0.30 on Friday, reaching $10.75. 446,760 shares of the company traded hands, compared to its average volume of 411,299. The company has a quick ratio of 0.71, a current 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. The company has a market cap of $601.11, a PE ratio of 18.73, a P/E/G ratio of 4.09 and a beta of 1.47.
MDC Partners (NASDAQ:MDCA) last announced its quarterly earnings results on Monday, October 30th. The business services provider reported $0.24 earnings per share for the quarter, topping analysts’ consensus estimates of $0.12 by $0.12. The company had revenue of $375.80 million for the quarter, compared to analysts’ expectations of $372.08 million. MDC Partners had a net margin of 1.79% and a negative return on equity of 7.92%. The business’s quarterly revenue was up 7.6% compared to the same quarter last year. During the same period last year, the firm posted ($0.62) earnings per share.
A number of large investors have recently bought and sold shares of MDCA. Penn Capital Management Co. Inc. grew its holdings in MDC Partners by 191.3% in the second quarter. Penn Capital Management Co. Inc. now owns 698,005 shares of the business services provider’s stock worth $6,916,000 after purchasing an additional 458,350 shares during the period. Redwood Capital Management LLC raised its position in MDC Partners by 110.9% in the second quarter. Redwood Capital Management LLC now owns 853,970 shares of the business services provider’s stock worth $8,454,000 after acquiring an additional 449,030 shares during the period. Boston Partners raised its position in MDC Partners by 19.9% in the third quarter. Boston Partners now owns 2,339,370 shares of the business services provider’s stock worth $25,733,000 after acquiring an additional 387,530 shares during the period. Kennedy Capital Management Inc. bought a new stake in MDC Partners in the second quarter worth about $3,374,000. Finally, Russell Investments Group Ltd. raised its position in MDC Partners by 34.4% in the third quarter. Russell Investments Group Ltd. now owns 1,146,904 shares of the business services provider’s stock worth $12,614,000 after acquiring an additional 293,803 shares during the period. Institutional investors and hedge funds own 85.31% of the company’s stock.
About MDC Partners
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.
Receive News & Ratings for MDC Partners Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MDC Partners Inc. and related companies with MarketBeat.com's FREE daily email newsletter.