FY2017 EPS Estimates for MDC Partners Inc. (MDCA) Increased by Analyst
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.
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