MDC Partners (MDCA) Earning Somewhat Positive News Coverage, Study Finds

News headlines about MDC Partners (NASDAQ:MDCA) have been trending somewhat positive on Sunday, according to Accern Sentiment Analysis. Accern rates the sentiment of media coverage by analyzing more than twenty million blog and news sources in real time. 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 0.21 on Accern’s scale. Accern also gave media coverage about the business services provider an impact score of 46.6976328429366 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.

Here are some of the news headlines that may have impacted Accern’s analysis:

Shares of MDC Partners (NASDAQ:MDCA) traded down $0.15 during trading hours on Friday, reaching $11.00. The company’s stock had a trading volume of 462,359 shares, compared to its average volume of 427,006. The company has a market capitalization of $641.93, a price-to-earnings ratio of 20.00, a price-to-earnings-growth ratio of 4.95 and a beta of 1.47. The company has a quick ratio of 0.68, a current ratio of 0.71 and a debt-to-equity ratio of -1.94.

MDC Partners (NASDAQ:MDCA) last announced its quarterly earnings results on Monday, October 30th. The business services provider reported $0.24 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.12 by $0.12. The company had revenue of $375.80 million during the quarter, compared to analyst estimates of $372.08 million. MDC Partners had a negative return on equity of 7.92% and a net margin of 1.79%. The firm’s revenue was up 7.6% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.62) earnings per share. research analysts forecast that MDC Partners will post 0.37 EPS for the current fiscal year.

MDCA has been the subject of several analyst reports. BMO Capital Markets reiterated a “buy” rating and issued a $15.00 target price on shares of MDC Partners in a research note on Wednesday, September 13th. Jefferies Group LLC reiterated a “buy” rating on shares of MDC Partners in a research note on Thursday, September 21st. BidaskClub lowered MDC Partners from a “strong-buy” rating to a “buy” rating in a research note on Thursday, August 3rd. Zacks Investment Research upgraded MDC Partners from a “hold” rating to a “buy” rating and set a $12.00 target price for the company in a research note on Tuesday, July 18th. Finally, Wells Fargo & Company reiterated a “hold” rating and issued a $12.00 target price on shares of MDC Partners in a research note on Tuesday, October 31st. Five analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. MDC Partners presently has a consensus rating of “Hold” and a consensus price target of $11.29.

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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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