MDC Partners Inc. (NASDAQ:MDCA) – Analysts at Jefferies Group cut their FY2017 earnings per share (EPS) estimates for shares of MDC Partners in a research note issued on Monday. Jefferies Group analyst J. Janedis now expects that the business services provider will post earnings of $0.30 per share for the year, down from their prior forecast of $0.33. Jefferies Group has a “Buy” rating and a $12.00 price objective on the stock. Jefferies Group also issued estimates for MDC Partners’ Q2 2018 earnings at $0.10 EPS and Q3 2018 earnings at $0.16 EPS.

MDCA has been the subject of a number of other research reports. Royal Bank Of Canada reiterated a “sector perform” rating and issued a $12.00 price target (up previously from $10.00) on shares of MDC Partners in a research note on Tuesday. BidaskClub cut shares of MDC Partners from a “strong-buy” rating to a “buy” rating in a research note on Thursday, August 3rd. Zacks Investment Research cut shares of MDC Partners from a “hold” rating to a “strong sell” rating in a research note on Wednesday, May 3rd. Wells Fargo & Company reiterated a “hold” rating on shares of MDC Partners in a research note on Friday, April 28th. Finally, BMO Capital Markets reiterated a “buy” rating and issued a $15.00 price target on shares of MDC Partners in a research note on Monday, April 17th. Five investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $12.14.

ILLEGAL ACTIVITY NOTICE: This report was posted by Watch List News and is the property of of Watch List News. If you are reading this report on another publication, it was copied illegally and republished in violation of US and international trademark and copyright law. The original version of this report can be viewed at https://www.watchlistnews.com/jefferies-group-brokers-lower-earnings-estimates-for-mdc-partners-inc-mdca/1467426.html.

MDC Partners (MDCA) opened at 11.30 on Thursday. The company has a 50-day moving average of $9.85 and a 200 day moving average of $8.74. The company’s market cap is $643.43 million. MDC Partners has a one year low of $2.75 and a one year high of $13.97.

MDC Partners (NASDAQ:MDCA) last announced its earnings results on Monday, August 7th. The business services provider reported $0.14 EPS for the quarter, missing the consensus estimate of $0.16 by $0.02. The firm had revenue of $390.53 million during the quarter, compared to the consensus estimate of $368.74 million. MDC Partners had a negative return on equity of 5.66% and a negative net margin of 1.70%. The business’s revenue was up 15.9% compared to the same quarter last year. During the same quarter last year, the business earned $0.02 EPS.

A number of institutional investors have recently added to or reduced their stakes in the company. Renaissance Technologies LLC acquired a new position in MDC Partners during the fourth quarter worth approximately $276,000. Rice Hall James & Associates LLC raised its position in MDC Partners by 5.2% in the first quarter. Rice Hall James & Associates LLC now owns 564,211 shares of the business services provider’s stock valued at $5,304,000 after buying an additional 27,978 shares in the last quarter. Nationwide Fund Advisors raised its position in MDC Partners by 3.5% in the first quarter. Nationwide Fund Advisors now owns 32,684 shares of the business services provider’s stock valued at $307,000 after buying an additional 1,093 shares in the last quarter. Granite Investment Partners LLC purchased a new position in MDC Partners during the first quarter valued at approximately $2,271,000. Finally, Stonebridge Capital Management Inc. raised its position in MDC Partners by 8.9% in the first quarter. Stonebridge Capital Management Inc. now owns 27,486 shares of the business services provider’s stock valued at $258,000 after buying an additional 2,250 shares in the last quarter. 86.27% of the stock is currently owned by institutional investors and hedge funds.

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.

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

Receive News & Ratings for MDC Partners Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MDC Partners Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.