MDC Partners (MDCA) Posts Earnings Results, Hits Expectations

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 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 for MDC Partners (NASDAQ:MDCA)

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