MDC Partners Inc. (MDCA) Set to Announce Quarterly Earnings on Monday
MDC Partners Inc. (NASDAQ:MDCA) is set to announce its earnings results after the market closes on Monday, October 30th. Analysts expect the company to announce earnings of $0.12 per share for the quarter.
MDC Partners (NASDAQ:MDCA) last released its quarterly earnings results on Monday, August 7th. The business services provider reported $0.14 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.16 by ($0.02). MDC Partners had a negative return on equity of 5.72% and a negative net margin of 1.70%. The business had revenue of $390.53 million during the quarter, compared to the consensus estimate of $368.74 million. During the same period in the previous year, the company posted $0.02 EPS. The company’s revenue for the quarter was up 15.9% compared to the same quarter last year. On average, analysts expect MDC Partners to post $0.34 EPS for the current fiscal year and $0.56 EPS for the next fiscal year.
MDC Partners Inc. (NASDAQ:MDCA) traded down 3.36% on Tuesday, hitting $11.50. The stock had a trading volume of 433,615 shares. The firm’s 50-day moving average price is $10.60 and its 200-day moving average price is $9.59. MDC Partners Inc. has a 1-year low of $2.75 and a 1-year high of $12.26. The firm’s market cap is $672.06 million.
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MDCA has been the subject of a number of recent analyst reports. Royal Bank Of Canada reaffirmed a “hold” rating on shares of MDC Partners in a report on Thursday, July 6th. Zacks Investment Research raised MDC Partners from a “hold” rating to a “buy” rating and set a $12.00 price target for the company in a report on Tuesday, July 18th. BidaskClub raised MDC Partners from a “buy” rating to a “strong-buy” rating in a report on Wednesday, July 19th. BMO Capital Markets reaffirmed a “buy” rating and set a $15.00 price target on shares of MDC Partners in a report on Wednesday, September 13th. Finally, Jefferies Group LLC reaffirmed a “buy” rating on shares of MDC Partners in a report on Thursday, September 21st. Five research analysts have rated the stock with a hold rating and four have given a buy rating to the company. MDC Partners has an average rating of “Hold” and an average target price of $12.14.
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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