MDC Partners (MDCA) Posts Earnings Results, Misses Expectations By $1.79 EPS

MDC Partners (NASDAQ:MDCA) announced its quarterly earnings results on Friday. The business services provider reported ($1.48) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.31 by ($1.79), MarketWatch Earnings reports. The company had revenue of $393.60 million for the quarter, compared to analysts’ expectations of $394.10 million. MDC Partners had a net margin of 12.00% and a negative return on equity of 0.82%. The business’s revenue was down 2.3% compared to the same quarter last year. During the same period in the previous year, the business earned $0.22 EPS.

Shares of NASDAQ MDCA traded up $0.18 during trading on Friday, reaching $2.21. 87,754 shares of the company traded hands, compared to its average volume of 312,675. MDC Partners has a 52-week low of $2.01 and a 52-week high of $8.65.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Millennium Management LLC boosted its holdings in shares of MDC Partners by 242.8% in the fourth quarter. Millennium Management LLC now owns 223,133 shares of the business services provider’s stock worth $582,000 after buying an additional 158,037 shares during the last quarter. WMS Partners LLC boosted its holdings in shares of MDC Partners by 61.0% in the fourth quarter. WMS Partners LLC now owns 100,250 shares of the business services provider’s stock worth $262,000 after buying an additional 38,000 shares during the last quarter. Paloma Partners Management Co boosted its holdings in shares of MDC Partners by 120.9% in the fourth quarter. Paloma Partners Management Co now owns 26,282 shares of the business services provider’s stock worth $69,000 after buying an additional 14,382 shares during the last quarter. Squarepoint Ops LLC boosted its holdings in shares of MDC Partners by 53.3% in the fourth quarter. Squarepoint Ops LLC now owns 113,618 shares of the business services provider’s stock worth $297,000 after buying an additional 39,518 shares during the last quarter. Finally, Highbridge Capital Management LLC boosted its holdings in shares of MDC Partners by 711.9% in the fourth quarter. Highbridge Capital Management LLC now owns 494,602 shares of the business services provider’s stock worth $1,291,000 after buying an additional 433,682 shares during the last quarter. 86.80% of the stock is currently owned by hedge funds and other institutional investors.

A number of brokerages have recently issued reports on MDCA. BMO Capital Markets downgraded shares of MDC Partners from an “outperform” rating to a “market perform” rating and set a $2.53 price target on the stock. in a report on Monday. ValuEngine downgraded shares of MDC Partners from a “buy” rating to a “hold” rating in a report on Monday, February 4th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $5.93.

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MDC Partners Company Profile

MDC Partners, Inc engages in the provision of marketing, advertising, activation, communications and strategic consulting solutions. It operates through the following business segments: Global Integrated Agencies, Domestic Creative Agencies, Specialist Communications, Media Services, All Other, and Corporate.

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Earnings History for MDC Partners (NASDAQ:MDCA)

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