Zacks: Analysts Anticipate MDC Partners Inc (MDCA) to Announce $0.21 Earnings Per Share

Equities research analysts expect that MDC Partners Inc (NASDAQ:MDCA) will announce earnings of $0.21 per share for the current quarter, according to Zacks Investment Research. Two analysts have issued estimates for MDC Partners’ earnings, with the highest EPS estimate coming in at $0.22 and the lowest estimate coming in at $0.20. MDC Partners posted earnings per share of $0.38 during the same quarter last year, which suggests a negative year-over-year growth rate of 44.7%. The business is expected to announce its next quarterly earnings results on Monday, February 26th.

According to Zacks, analysts expect that MDC Partners will report full-year earnings of $0.39 per share for the current year, with EPS estimates ranging from $0.38 to $0.40. For the next year, analysts forecast that the company will report earnings of $0.61 per share. Zacks’ earnings per share calculations are an average based on a survey of sell-side research analysts that cover MDC Partners.

Several research firms have weighed in on MDCA. BidaskClub upgraded MDC Partners from a “strong sell” rating to a “sell” rating in a report on Friday. Zacks Investment Research upgraded MDC Partners from a “sell” rating to a “hold” rating in a report on Wednesday, January 24th. Wells Fargo & Co reiterated a “hold” rating and set a $12.00 target price on shares of MDC Partners in a report on Tuesday, October 31st. Finally, BMO Capital Markets reiterated a “buy” rating and set a $15.00 target price on shares of MDC Partners in a report on Wednesday, October 18th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company. MDC Partners currently has a consensus rating of “Hold” and an average price target of $11.83.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. BlackRock Inc. raised its stake in shares of MDC Partners by 1.3% in the 4th quarter. BlackRock Inc. now owns 2,708,782 shares of the business services provider’s stock valued at $26,411,000 after purchasing an additional 33,472 shares during the period. Boston Partners raised its stake in shares of MDC Partners by 19.9% in the 3rd 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 during the period. Schroder Investment Management Group raised its stake in shares of MDC Partners by 19.3% in the 4th quarter. Schroder Investment Management Group now owns 2,071,488 shares of the business services provider’s stock valued at $20,197,000 after purchasing an additional 334,499 shares during the period. Vanguard Group Inc. raised its stake in shares of MDC Partners by 7.6% in the 2nd quarter. Vanguard Group Inc. now owns 1,503,063 shares of the business services provider’s stock valued at $14,881,000 after purchasing an additional 105,949 shares during the period. Finally, Russell Investments Group Ltd. raised its stake in shares of MDC Partners by 34.4% in the 3rd 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 during the period. 82.65% of the stock is currently owned by hedge funds and other institutional investors.

MDC Partners (NASDAQ MDCA) traded up $0.35 during mid-day trading on Friday, reaching $9.00. The company’s stock had a trading volume of 401,784 shares, compared to its average volume of 275,111. The company has a current ratio of 0.71, a quick ratio of 0.71 and a debt-to-equity ratio of -1.94. The company has a market capitalization of $525.24, a price-to-earnings ratio of 28.13, a PEG ratio of 2.46 and a beta of 1.25. MDC Partners has a 52-week low of $6.75 and a 52-week high of $12.26.

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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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