$410.25 Million in Sales Expected for MDC Partners Inc (MDCA) This Quarter

Analysts expect MDC Partners Inc (NASDAQ:MDCA) to post $410.25 million in sales for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for MDC Partners’ earnings. The highest sales estimate is $412.00 million and the lowest is $408.50 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 5.1%. The company is expected to issue its next quarterly earnings results on Monday, February 26th.

According to Zacks, analysts expect that MDC Partners will report full-year sales of $410.25 million for the current year. For the next fiscal year, analysts expect that the firm will report sales of $1.59 billion per share, with estimates ranging from $1.58 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.

Several equities research analysts have weighed in on MDCA shares. Zacks Investment Research cut MDC Partners from a “buy” rating to a “hold” rating in a report on Wednesday, December 13th. BidaskClub cut MDC Partners from a “buy” rating to a “hold” rating in a report on Thursday, December 7th. Wells Fargo & Co reiterated a “hold” rating and issued 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 issued a $15.00 target price on shares of MDC Partners in a report on Wednesday, October 18th. One research 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. The company has a consensus rating of “Hold” and a consensus price target of $11.83.

Shares of MDC Partners (NASDAQ:MDCA) opened at $9.00 on Tuesday. MDC Partners has a 1-year low of $6.75 and a 1-year high of $12.26. The firm has a market capitalization of $525.21, a price-to-earnings ratio of 23.08, a price-to-earnings-growth ratio of 2.46 and a beta of 1.25. The company has a debt-to-equity ratio of -1.94, a current ratio of 0.71 and a quick ratio of 0.71.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Principal Financial Group Inc. bought a new position in shares of MDC Partners in the 2nd quarter worth $101,000. Virtu Financial LLC bought a new position in shares of MDC Partners in the 4th quarter worth $109,000. SG Americas Securities LLC bought a new position in shares of MDC Partners in the 3rd quarter worth $112,000. Oppenheimer Asset Management Inc. raised its position in shares of MDC Partners by 185.1% in the 3rd quarter. Oppenheimer Asset Management Inc. now owns 10,873 shares of the business services provider’s stock worth $120,000 after acquiring an additional 7,059 shares in the last quarter. Finally, CAPROCK Group Inc. bought a new position in shares of MDC Partners in the 4th quarter worth $135,000. 85.52% of the stock is owned by hedge funds and other institutional investors.

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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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