Media headlines about MDC Partners (NASDAQ:MDCA) have been trending somewhat positive this week, according to Accern. Accern rates the sentiment of media coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. MDC Partners earned a news impact score of 0.16 on Accern’s scale. Accern also gave press coverage about the business services provider an impact score of 46.5119814173513 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
Here are some of the news stories that may have impacted Accern Sentiment Analysis’s rankings:
- Jefferies Group Brokers Lower Earnings Estimates for MDC Partners Inc. (NASDAQ:MDCA) (americanbankingnews.com)
- MDC Partners, Inc. breached its 50 day moving average in a Bullish Manner : MDCA-US : August 9, 2017 (finance.yahoo.com)
- MDC Partners Inc. (NASDAQ:MDCA) Forecasted to Earn Q3 2017 Earnings of $0.12 Per Share (americanbankingnews.com)
- MDC Partners Inc. (MDCA) Given Consensus Rating of “Hold” by Analysts (americanbankingnews.com)
- Edited Transcript of MDCA earnings conference call or presentation 7-Aug-17 8:30pm GMT (finance.yahoo.com)
MDC Partners (NASDAQ:MDCA) opened at 10.70 on Friday. The stock’s market cap is $592.05 million. MDC Partners has a 52-week low of $2.75 and a 52-week high of $13.97. The stock has a 50 day moving average price of $9.98 and a 200 day moving average price of $8.78.
MDC Partners (NASDAQ:MDCA) last released its quarterly earnings results on Monday, August 7th. The business services provider reported $0.14 earnings per share for the quarter, missing analysts’ consensus estimates of $0.16 by $0.02. The firm had revenue of $390.53 million during the quarter, compared to analyst estimates of $368.74 million. MDC Partners had a negative return on equity of 5.66% and a negative net margin of 1.70%. The business’s revenue was up 15.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.02 EPS. On average, equities research analysts forecast that MDC Partners will post $0.28 EPS for the current year.
Several brokerages have commented on MDCA. Royal Bank Of Canada reissued a “sector perform” rating and issued a $12.00 price objective (up from $10.00) on shares of MDC Partners in a report on Tuesday. BidaskClub lowered MDC Partners from a “strong-buy” rating to a “buy” rating in a report on Thursday, August 3rd. Zacks Investment Research lowered MDC Partners from a “buy” rating to a “hold” rating in a report on Wednesday, July 19th. Jefferies Group LLC raised their price objective on MDC Partners to $12.00 and gave the company a “buy” rating in a report on Monday, June 5th. Finally, Wells Fargo & Company reissued a “hold” rating on shares of MDC Partners in a report on Friday, April 28th. Five analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $12.14.
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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.
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