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.
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.
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for MDC Partners Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MDC Partners and related companies with MarketBeat.com's FREE daily email newsletter.