Jefferies Group Equities Analysts Lift Earnings Estimates for MDC Partners Inc. (MDCA)

MDC Partners Inc. (NASDAQ:MDCA) – Equities researchers at Jefferies Group increased their Q3 2017 earnings per share estimates for shares of MDC Partners in a report released on Tuesday. Jefferies Group analyst J. Janedis now expects that the business services provider will earn $0.19 per share for the quarter, up from their previous forecast of $0.12. Jefferies Group currently has a “Buy” rating on the stock. Jefferies Group also issued estimates for MDC Partners’ FY2017 earnings at $0.37 EPS, Q3 2018 earnings at $0.17 EPS and FY2018 earnings at $0.57 EPS.

MDC Partners (NASDAQ:MDCA) last posted its earnings results on Monday, August 7th. The business services provider reported $0.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.16 by ($0.02). MDC Partners had a negative net margin of 1.70% and a negative return on equity of 5.72%. The company had revenue of $390.53 million during the quarter, compared to analysts’ expectations of $368.74 million. During the same quarter last year, the firm earned $0.02 EPS. MDC Partners’s revenue for the quarter was up 15.9% on a year-over-year basis.

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Other research analysts also recently issued research reports about the company. Royal Bank Of Canada reiterated a “hold” rating on shares of MDC Partners in a report on Thursday, July 6th. BMO Capital Markets reiterated a “buy” rating and issued a $15.00 price objective on shares of MDC Partners in a report on Wednesday, September 13th. BidaskClub upgraded MDC Partners from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, July 19th. Finally, Zacks Investment Research downgraded MDC Partners from a “buy” rating to a “hold” rating in a research note on Wednesday, July 19th. Five research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. MDC Partners has a consensus rating of “Hold” and a consensus price target of $12.14.

Shares of MDC Partners (NASDAQ:MDCA) opened at 11.25 on Thursday. The stock’s market cap is $657.45 million. The stock’s 50 day moving average price is $10.23 and its 200-day moving average price is $9.45. MDC Partners has a 52 week low of $2.75 and a 52 week high of $11.45.

Several hedge funds have recently made changes to their positions in MDCA. Nationwide Fund Advisors grew its stake in shares of MDC Partners by 3.5% in the 1st quarter. Nationwide Fund Advisors now owns 32,684 shares of the business services provider’s stock valued at $307,000 after purchasing an additional 1,093 shares during the last quarter. Bank of New York Mellon Corp grew its stake in shares of MDC Partners by 8.5% in the 1st quarter. Bank of New York Mellon Corp now owns 317,237 shares of the business services provider’s stock valued at $2,983,000 after purchasing an additional 24,894 shares during the last quarter. Swiss National Bank grew its stake in shares of MDC Partners by 12.4% in the 1st quarter. Swiss National Bank now owns 88,000 shares of the business services provider’s stock valued at $827,000 after purchasing an additional 9,700 shares during the last quarter. Karp Capital Management Corp purchased a new position in shares of MDC Partners in the 1st quarter valued at approximately $101,000. Finally, Stifel Financial Corp grew its stake in shares of MDC Partners by 3.8% in the 1st quarter. Stifel Financial Corp now owns 13,895 shares of the business services provider’s stock valued at $131,000 after purchasing an additional 515 shares during the last quarter. Institutional investors own 83.69% 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.

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

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