MDC Partners (MDCA) Earns News Sentiment Rating of 0.10
News coverage about MDC Partners (NASDAQ:MDCA) has trended somewhat positive recently, according to Accern Sentiment. The research group identifies negative and positive news coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. MDC Partners earned a news impact score of 0.10 on Accern’s scale. Accern also assigned media coverage about the business services provider an impact score of 46.8383706197409 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
Several research firms have issued reports on MDCA. Royal Bank Of Canada reissued a “hold” rating on shares of MDC Partners in a research note on Thursday, July 6th. Jefferies Group LLC lifted their price target on MDC Partners to $12.00 and gave the company a “buy” rating in a research note on Monday, June 5th. BidaskClub raised MDC Partners from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, July 19th. Finally, Zacks Investment Research downgraded MDC Partners from a “buy” rating to a “hold” rating in a research note on Wednesday, July 19th. Five research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $12.14.
MDC Partners (NASDAQ MDCA) traded up 2.284% during trading on Thursday, reaching $10.075. The company had a trading volume of 78,952 shares. MDC Partners has a one year low of $2.75 and a one year high of $12.80. The company has a 50-day moving average price of $10.17 and a 200 day moving average price of $9.04. The company’s market capitalization is $588.78 million.
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 Zacks’ consensus estimate of $0.16 by $0.02. MDC Partners had a negative net margin of 1.70% and a negative return on equity of 5.72%. The business had revenue of $390.53 million for the quarter, compared to analysts’ expectations of $368.74 million. During the same period in the prior year, the company posted $0.02 earnings per share. The firm’s quarterly revenue was up 15.9% on a year-over-year basis. Analysts expect that MDC Partners will post $0.31 earnings per share for the current year.
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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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