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.
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