$410.25 Million in Sales Expected for MDC Partners Inc (MDCA) This Quarter

Wall Street brokerages expect that MDC Partners Inc (NASDAQ:MDCA) will announce $410.25 million in sales for the current fiscal quarter, Zacks Investment Research reports. Two analysts have issued estimates for MDC Partners’ earnings, with the highest sales estimate coming in at $412.00 million and the lowest estimate coming in at $408.50 million. MDC Partners posted sales of $390.44 million in the same quarter last year, which suggests a positive year over year growth rate of 5.1%. The firm is scheduled to announce its next earnings report after the market closes on Monday, February 26th.

On average, analysts expect that MDC Partners will report full year sales of $410.25 million for the current financial year. For the next fiscal year, analysts expect that the firm will report sales of $1.59 billion per share, with estimates ranging from $1.58 billion to $1.61 billion. Zacks’ sales averages are an average based on a survey of analysts that that provide coverage for MDC Partners.

Several equities research analysts have recently commented on MDCA shares. Zacks Investment Research downgraded shares of MDC Partners from a “buy” rating to a “hold” rating in a research note on Wednesday, December 13th. BidaskClub downgraded shares of MDC Partners from a “buy” rating to a “hold” rating in a research note on Thursday, December 7th. Finally, Wells Fargo & Co restated a “hold” rating and issued a $12.00 target price on shares of MDC Partners in a research note on Tuesday, October 31st. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $12.40.

MDC Partners (NASDAQ:MDCA) traded up $0.10 on Tuesday, reaching $9.70. 282,206 shares of the company’s stock were exchanged, compared to its average volume of 299,822. MDC Partners has a 1 year low of $6.80 and a 1 year high of $12.26. The company has a debt-to-equity ratio of -1.94, a current ratio of 0.71 and a quick ratio of 0.71. The firm has a market capitalization of $566.06, a P/E ratio of 24.87, a P/E/G ratio of 2.65 and a beta of 1.25.

Several large investors have recently modified their holdings of MDCA. Schwab Charles Investment Management Inc. lifted its position in MDC Partners by 24.5% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 98,180 shares of the business services provider’s stock worth $972,000 after buying an additional 19,300 shares in the last quarter. Principal Financial Group Inc. acquired a new position in MDC Partners during the 2nd quarter worth about $101,000. JPMorgan Chase & Co. lifted its position in MDC Partners by 1,634.8% during the 2nd quarter. JPMorgan Chase & Co. now owns 15,457 shares of the business services provider’s stock worth $153,000 after buying an additional 14,566 shares in the last quarter. Alliancebernstein L.P. lifted its position in MDC Partners by 17.0% during the 2nd quarter. Alliancebernstein L.P. now owns 64,000 shares of the business services provider’s stock worth $634,000 after buying an additional 9,300 shares in the last quarter. Finally, New York State Common Retirement Fund lifted its position in MDC Partners by 142.3% during the 2nd quarter. New York State Common Retirement Fund now owns 283,425 shares of the business services provider’s stock worth $2,806,000 after buying an additional 166,461 shares in the last quarter. Institutional investors own 85.52% of the company’s stock.

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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.

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