MDC Partners Inc. (MDCA) Expected to Earn Q3 2017 Earnings of $0.19 Per Share

MDC Partners Inc. (NASDAQ:MDCA) – Equities researchers at Jefferies Group boosted their Q3 2017 earnings estimates for MDC Partners in a research report issued to clients and investors on Tuesday. Jefferies Group analyst J. Janedis now forecasts that the business services provider will post earnings of $0.19 per share for the quarter, up from their previous estimate of $0.12. Jefferies Group has a “Buy” rating on the stock. Jefferies Group also issued estimates for MDC Partners’ FY2017 earnings at $0.37 EPS, Q3 2018 earnings at $0.17 EPS and FY2018 earnings at $0.57 EPS.

MDCA has been the topic of several other reports. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $12.00 target price (up from $10.00) on shares of MDC Partners in a research note on Tuesday, August 8th. BidaskClub downgraded shares of MDC Partners from a “strong-buy” rating to a “buy” rating in a research report on Thursday, August 3rd. BMO Capital Markets reissued a “buy” rating and issued a $15.00 price objective on shares of MDC Partners in a research report on Wednesday, September 13th. Finally, Zacks Investment Research downgraded shares of MDC Partners from a “buy” rating to a “hold” rating in a research report on Wednesday, July 19th. Five equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $12.14.

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MDC Partners (NASDAQ:MDCA) last released its quarterly earnings data on Monday, August 7th. The business services provider reported $0.14 earnings per share (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 the consensus estimate of $368.74 million. During the same quarter in the prior year, the business posted $0.02 earnings per share. MDC Partners’s revenue for the quarter was up 15.9% on a year-over-year basis.

Several large investors have recently made changes to their positions in MDCA. Nationwide Fund Advisors increased its position in shares of MDC Partners by 3.5% in the 1st quarter. Nationwide Fund Advisors now owns 32,684 shares of the business services provider’s stock valued at $307,000 after purchasing an additional 1,093 shares during the last quarter. Bank of New York Mellon Corp increased its position in shares of MDC Partners by 8.5% in the 1st quarter. Bank of New York Mellon Corp now owns 317,237 shares of the business services provider’s stock valued at $2,983,000 after purchasing an additional 24,894 shares during the last quarter. Swiss National Bank increased its position in shares of MDC Partners by 12.4% in the 1st quarter. Swiss National Bank now owns 88,000 shares of the business services provider’s stock valued at $827,000 after purchasing an additional 9,700 shares during the last quarter. Karp Capital Management Corp purchased a new stake in shares of MDC Partners in the 1st quarter valued at approximately $101,000. Finally, Stifel Financial Corp increased its position in shares of MDC Partners by 3.8% in the 1st quarter. Stifel Financial Corp now owns 13,895 shares of the business services provider’s stock valued at $131,000 after purchasing an additional 515 shares during the last quarter. 83.69% of the stock is currently owned by 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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