MDC Partners Inc. (MDCA) to Post Q2 2017 Earnings of $0.19 Per Share, Jefferies Group Forecasts

MDC Partners Inc. (NASDAQ:MDCA) – Analysts at Jefferies Group boosted their Q2 2017 earnings per share estimates for shares of MDC Partners in a research note issued on Thursday. Jefferies Group analyst J. Janedis now anticipates that the business services provider will post earnings of $0.19 per share for the quarter, up from their prior estimate of $0.10. Jefferies Group currently has a “Buy” rating and a $12.00 target price on the stock. Jefferies Group also issued estimates for MDC Partners’ FY2017 earnings at $0.33 EPS, Q1 2018 earnings at $0.01 EPS, Q2 2018 earnings at $0.11 EPS, Q3 2018 earnings at $0.18 EPS and Q4 2018 earnings at $0.28 EPS.

MDC Partners (NASDAQ:MDCA) last announced its earnings results on Thursday, April 27th. The business services provider reported ($0.21) earnings per share for the quarter, missing the consensus estimate of $0.08 by $0.29. MDC Partners had a negative return on equity of 3.65% and a negative net margin of 2.48%. The business had revenue of $344.70 million for the quarter, compared to analysts’ expectations of $335.32 million. During the same period in the previous year, the company earned ($0.47) earnings per share. MDC Partners’s quarterly revenue was up 11.6% on a year-over-year basis.

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Several other research firms have also commented on MDCA. BMO Capital Markets restated a “buy” rating and issued a $15.00 price target on shares of MDC Partners in a report on Monday, April 17th. Zacks Investment Research upgraded shares of MDC Partners from a “strong sell” rating to a “hold” rating in a report on Thursday, June 29th. Royal Bank Of Canada set a $10.00 price target on shares of MDC Partners and gave the company a “hold” rating in a report on Friday, June 2nd. Finally, Wells Fargo & Company restated a “hold” rating on shares of MDC Partners in a report on Friday, April 28th. Four equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $11.86.

Shares of MDC Partners (NASDAQ MDCA) opened at 10.35 on Monday. The stock’s market capitalization is $589.34 million. MDC Partners has a 52 week low of $2.75 and a 52 week high of $18.64. The company’s 50-day moving average is $8.54 and its 200 day moving average is $8.05.

Several hedge funds have recently bought and sold shares of the stock. Swiss National Bank raised its stake in MDC Partners by 12.4% in the first quarter. Swiss National Bank now owns 88,000 shares of the business services provider’s stock worth $827,000 after buying an additional 9,700 shares in the last quarter. Bank of New York Mellon Corp raised its stake in MDC Partners by 8.5% in the first quarter. Bank of New York Mellon Corp now owns 317,237 shares of the business services provider’s stock worth $2,983,000 after buying an additional 24,894 shares in the last quarter. HPM Partners LLC purchased a new stake in MDC Partners during the first quarter worth about $522,000. Wells Fargo & Company MN raised its stake in MDC Partners by 0.7% in the first quarter. Wells Fargo & Company MN now owns 2,402,505 shares of the business services provider’s stock worth $22,583,000 after buying an additional 17,452 shares in the last quarter. Finally, Rubric Capital Management LP raised its stake in MDC Partners by 218.7% in the first quarter. Rubric Capital Management LP now owns 1,114,400 shares of the business services provider’s stock worth $10,475,000 after buying an additional 764,717 shares in the last quarter. Institutional investors own 86.14% of the company’s stock.

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.

Earnings History and Estimates for MDC Partners (NASDAQ:MDCA)

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