Jefferies Group Equities Analysts Decrease Earnings Estimates for MDC Partners Inc (MDCA)

MDC Partners Inc (NASDAQ:MDCA) – Equities researchers at Jefferies Group decreased their FY2017 earnings per share (EPS) estimates for shares of MDC Partners in a research note issued to investors on Wednesday. Jefferies Group analyst J. Janedis now anticipates that the business services provider will earn $0.40 per share for the year, down from their prior forecast of $0.47. Jefferies Group currently has a “Buy” rating on the stock. Jefferies Group also issued estimates for MDC Partners’ Q4 2017 earnings at $0.20 EPS.

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

A number of other equities analysts have also weighed in on MDCA. BidaskClub lowered shares of MDC Partners from a “sell” rating to a “strong sell” rating in a research report on Saturday, January 13th. Zacks Investment Research upgraded shares of MDC Partners from a “hold” rating to a “buy” rating and set a $11.00 target price for the company in a research report on Tuesday, January 2nd. BMO Capital Markets restated a “buy” rating and set a $15.00 target price on shares of MDC Partners in a research report on Wednesday, October 18th. Finally, Wells Fargo & Co restated a “hold” rating and set a $12.00 target price on shares of MDC Partners in a research report on Tuesday, October 31st. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the company’s stock. MDC Partners currently has a consensus rating of “Hold” and a consensus target price of $11.83.

MDC Partners (NASDAQ:MDCA) opened at $9.10 on Friday. The company has a debt-to-equity ratio of -1.94, a quick ratio of 0.71 and a current ratio of 0.71. MDC Partners has a 12-month low of $6.13 and a 12-month high of $12.26. The firm has a market cap of $539.83, a price-to-earnings ratio of 28.44, a P/E/G ratio of 2.39 and a beta of 1.46.

A number of institutional investors have recently added to or reduced their stakes in MDCA. Penn Capital Management Co. Inc. raised its stake 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 valued at $6,916,000 after purchasing an additional 458,350 shares in the last quarter. Redwood Capital Management LLC raised its stake 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 valued at $8,454,000 after purchasing an additional 449,030 shares in the last quarter. Boston Partners raised its stake 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 valued at $25,733,000 after purchasing an additional 387,530 shares in the last quarter. Russell Investments Group Ltd. raised its stake 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 valued at $12,614,000 after purchasing an additional 293,803 shares in the last quarter. Finally, New York State Common Retirement Fund raised its stake in MDC Partners by 101.0% during the third quarter. New York State Common Retirement Fund now owns 569,722 shares of the business services provider’s stock valued at $6,267,000 after purchasing an additional 286,297 shares in the last quarter. 83.57% of the stock is currently owned by institutional investors.

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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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