MDC Partners Inc. (NASDAQ:MDCA) – Research analysts at Jefferies Group increased their FY2017 earnings per share estimates for MDC Partners in a research report issued on Tuesday. Jefferies Group analyst J. Janedis now expects that the business services provider will post earnings of $0.47 per share for the year, up from their previous estimate of $0.37. Jefferies Group currently has a “Buy” rating on the stock. Jefferies Group also issued estimates for MDC Partners’ Q4 2017 earnings at $0.27 EPS, Q1 2018 earnings at $0.02 EPS, Q2 2018 earnings at $0.12 EPS, Q4 2018 earnings at $0.30 EPS, FY2018 earnings at $0.61 EPS and FY2019 earnings at $0.79 EPS.

Other equities analysts also recently issued reports about the company. Royal Bank Of Canada reaffirmed a “hold” rating and set a $12.00 price target on shares of MDC Partners in a research report on Wednesday, September 13th. BMO Capital Markets reaffirmed a “buy” rating and set a $15.00 price target on shares of MDC Partners in a research report on Wednesday, September 13th. BidaskClub downgraded MDC Partners from a “strong-buy” rating to a “buy” rating in a research report on Thursday, August 3rd. Finally, Wells Fargo & Company reaffirmed a “hold” rating and set a $12.00 price target on shares of MDC Partners in a research report on Tuesday, October 31st. Five analysts have rated the stock with a hold rating and three have issued a buy rating to the company. MDC Partners has an average rating of “Hold” and a consensus target price of $12.00.

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MDC Partners (NASDAQ MDCA) opened at $10.75 on Friday. The stock has a market capitalization of $601.11, a price-to-earnings ratio of 18.73, a PEG ratio of 4.09 and a beta of 1.47. The company has a current ratio of 0.71, a quick ratio of 0.71 and a debt-to-equity ratio of -1.94. MDC Partners has a 12-month low of $5.70 and a 12-month high of $12.26.

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

Several institutional investors and hedge funds have recently made changes to their positions in the company. Algert Global LLC purchased a new stake in shares of MDC Partners during the third quarter valued at $922,000. California Public Employees Retirement System grew its holdings in shares of MDC Partners by 26.7% during the third quarter. California Public Employees Retirement System now owns 49,292 shares of the business services provider’s stock valued at $542,000 after buying an additional 10,392 shares during the last quarter. Jane Street Group LLC purchased a new stake in shares of MDC Partners during the third quarter valued at $158,000. Cornerstone Capital Management Holdings LLC. purchased a new stake in shares of MDC Partners during the third quarter valued at $1,300,000. Finally, Oppenheimer Asset Management Inc. grew its holdings in shares of MDC Partners by 185.1% during the third quarter. Oppenheimer Asset Management Inc. now owns 10,873 shares of the business services provider’s stock valued at $120,000 after buying an additional 7,059 shares during the last quarter. 85.31% of the stock is currently owned by hedge funds and other institutional investors.

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.

Earnings History and Estimates for MDC Partners (NASDAQ:MDCA)

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