MDC Partners Inc. (NASDAQ:MDCA) Posts Earnings Results, Misses Estimates By $0.02 EPS
MDC Partners Inc. (NASDAQ:MDCA) announced its earnings results on Monday. The business services provider reported $0.14 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.16 by $0.02, Briefing.com reports. The firm had revenue of $390.53 million for the quarter, compared to the consensus estimate of $368.74 million. MDC Partners had a negative return on equity of 3.65% and a negative net margin of 2.48%. MDC Partners’s revenue for the quarter was up 15.9% on a year-over-year basis. During the same quarter last year, the business posted $0.02 EPS.
MDC Partners (NASDAQ:MDCA) traded down 3.11% during midday trading on Monday, hitting $9.35. The company had a trading volume of 366,989 shares. The firm’s market capitalization is $532.40 million. The firm’s 50 day moving average is $9.59 and its 200-day moving average is $8.62. MDC Partners has a 52 week low of $2.75 and a 52 week high of $14.27.
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A number of equities analysts have recently weighed in on the company. BidaskClub lowered MDC Partners from a “strong-buy” rating to a “buy” rating in a research note on Thursday. Royal Bank Of Canada restated a “hold” rating and set a $10.00 price objective on shares of MDC Partners in a research note on Monday, May 1st. Zacks Investment Research lowered MDC Partners from a “hold” rating to a “strong sell” rating in a research note on Wednesday, May 3rd. Wells Fargo & Company restated a “hold” rating on shares of MDC Partners in a research note on Friday, April 28th. Finally, Jefferies Group LLC raised their price objective on MDC Partners to $12.00 and gave the stock a “buy” rating in a research note on Monday, June 5th. Five research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. MDC Partners presently has an average rating of “Hold” and an average price target of $11.86.
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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