MDC Partners (NASDAQ:MDCA) posted its quarterly earnings data on Thursday. The business services provider reported $0.22 EPS for the quarter, meeting analysts’ consensus estimates of $0.22, Briefing.com reports. The business had revenue of $402.70 million for the quarter, compared to analyst estimates of $408.70 million. MDC Partners had a negative return on equity of 7.92% and a net margin of 1.79%. The business’s revenue for the quarter was up 3.1% compared to the same quarter last year. During the same quarter last year, the company earned $0.17 earnings per share.
Shares of MDC Partners (MDCA) traded up $0.35 during trading hours on Thursday, reaching $9.70. The company’s stock had a trading volume of 735,823 shares, compared to its average volume of 301,722. 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 $6.80 and a 12-month high of $12.26. The firm has a market cap of $566.06, a price-to-earnings ratio of 24.87, a price-to-earnings-growth ratio of 2.57 and a beta of 1.25.
A number of research firms recently commented on MDCA. BidaskClub raised MDC Partners from a “strong sell” rating to a “sell” rating in a research note on Friday, February 9th. Zacks Investment Research raised MDC Partners from a “hold” rating to a “buy” rating and set a $11.00 price target on the stock in a research note on Tuesday, January 2nd. Finally, Wells Fargo & Co reissued a “hold” rating and issued a $12.00 price target on shares of MDC Partners in a research note on Tuesday, October 31st. One analyst has rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $12.40.
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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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