Equities research analysts expect MDC Partners Inc. (NASDAQ:MDCA) to announce $409.90 million in sales for the current quarter, according to Zacks. Two analysts have made estimates for MDC Partners’ earnings. The lowest sales estimate is $408.10 million and the highest is $411.70 million. MDC Partners posted sales of $390.44 million during the same quarter last year, which suggests a positive year-over-year growth rate of 5%. The firm is scheduled to announce its next quarterly earnings results on Monday, February 26th.

On average, analysts expect that MDC Partners will report full year sales of $409.90 million for the current fiscal year. For the next financial year, analysts forecast that the business will post sales of $1.60 billion per share, with estimates ranging from $1.59 billion to $1.61 billion. Zacks Investment Research’s sales averages are an average based on a survey of research firms that cover MDC Partners.

MDC Partners (NASDAQ:MDCA) last issued its quarterly earnings results on Monday, October 30th. The business services provider reported $0.24 EPS for the quarter, topping analysts’ consensus estimates of $0.12 by $0.12. The company had revenue of $375.80 million for the quarter, compared to analyst estimates of $372.08 million. MDC Partners had a net margin of 1.79% and a negative return on equity of 7.92%. MDC Partners’s revenue was up 7.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($0.62) earnings per share.

A number of brokerages recently weighed in on MDCA. Royal Bank Of Canada reissued a “hold” rating and set a $12.00 target price on shares of MDC Partners in a research note on Wednesday, September 13th. BMO Capital Markets reissued a “buy” rating and set a $15.00 target price on shares of MDC Partners in a research note on Wednesday, September 13th. Wells Fargo & Company reissued a “hold” rating and set a $12.00 target price on shares of MDC Partners in a research note on Tuesday, October 31st. Finally, Jefferies Group reissued a “buy” rating on shares of MDC Partners in a research note on Thursday, September 21st. Five equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. MDC Partners presently has an average rating of “Hold” and an average target price of $12.00.

Several hedge funds and other institutional investors have recently modified their holdings of MDCA. Penn Capital Management Co. Inc. boosted its holdings in MDC Partners by 191.3% during the second quarter. Penn Capital Management Co. Inc. now owns 698,005 shares of the business services provider’s stock worth $6,916,000 after purchasing an additional 458,350 shares during the last quarter. Redwood Capital Management LLC boosted its holdings in MDC Partners by 110.9% during the second quarter. Redwood Capital Management LLC now owns 853,970 shares of the business services provider’s stock worth $8,454,000 after purchasing an additional 449,030 shares during the last quarter. Boston Partners boosted its holdings in MDC Partners by 19.9% during the third quarter. Boston Partners now owns 2,339,370 shares of the business services provider’s stock worth $25,733,000 after purchasing an additional 387,530 shares during the last quarter. Kennedy Capital Management Inc. purchased a new position in MDC Partners during the second quarter worth about $3,374,000. Finally, Russell Investments Group Ltd. boosted its holdings in MDC Partners by 34.4% during the third quarter. Russell Investments Group Ltd. now owns 1,146,904 shares of the business services provider’s stock worth $12,614,000 after purchasing an additional 293,803 shares during the last quarter. Hedge funds and other institutional investors own 83.57% of the company’s stock.

Shares of MDC Partners (MDCA) traded down $0.25 during midday trading on Thursday, reaching $11.15. 429,571 shares of the company were exchanged, compared to its average volume of 410,172. MDC Partners has a fifty-two week low of $6.10 and a fifty-two week high of $12.26. The company has a market capitalization of $679.89, a P/E ratio of 21.18, a PEG ratio of 4.62 and a beta of 1.44. The company has a debt-to-equity ratio of -1.94, a current ratio of 0.71 and a quick ratio of 0.71.

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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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Earnings History and Estimates for MDC Partners (NASDAQ:MDCA)

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