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.

Earnings History for MDC Partners (NASDAQ:MDCA)

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