MDC Partners Inc. (MDCA) Releases Earnings Results, Beats Expectations By $0.12 EPS
MDC Partners Inc. (NASDAQ:MDCA) issued its quarterly earnings data on Monday. The business services provider reported $0.24 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.12 by $0.12, Briefing.com reports. The firm had revenue of $375.80 million during the quarter, compared to the consensus estimate of $372.08 million. MDC Partners had a negative return on equity of 5.72% and a negative net margin of 1.70%. The company’s quarterly revenue was up 7.6% on a year-over-year basis. During the same period last year, the company earned ($0.62) EPS.
MDC Partners (NASDAQ MDCA) traded up 3.24% during trading on Monday, reaching $11.15. The company’s stock had a trading volume of 778,600 shares. MDC Partners has a 1-year low of $2.75 and a 1-year high of $12.26. The company’s market capitalization is $651.61 million. The company’s 50-day moving average is $10.78 and its 200-day moving average is $9.64.
A number of analysts recently issued reports on the company. Royal Bank Of Canada reissued a “hold” rating on shares of MDC Partners in a research report on Thursday, July 6th. Jefferies Group LLC reissued a “buy” rating on shares of MDC Partners in a research report on Thursday, September 21st. BMO Capital Markets reissued a “buy” rating and set a $15.00 price objective on shares of MDC Partners in a research report on Wednesday, September 13th. BidaskClub raised MDC Partners from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, July 19th. Finally, Zacks Investment Research downgraded MDC Partners from a “buy” rating to a “hold” rating in a research report on Wednesday, July 19th. Five analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $12.14.
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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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