$373.15 Million in Sales Expected for MDC Partners (MDCA) This Quarter

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Wall Street brokerages expect MDC Partners (NASDAQ:MDCA) to report $373.15 million in sales for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for MDC Partners’ earnings, with the lowest sales estimate coming in at $369.70 million and the highest estimate coming in at $376.60 million. MDC Partners posted sales of $390.53 million during the same quarter last year, which would indicate a negative year over year growth rate of 4.5%. The firm is expected to issue its next quarterly earnings results on Monday, August 6th.

According to Zacks, analysts expect that MDC Partners will report full year sales of $1.53 billion for the current year, with estimates ranging from $1.50 billion to $1.57 billion. For the next financial year, analysts forecast that the business will post sales of $1.62 billion per share, with estimates ranging from $1.59 billion to $1.65 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side research firms that that provide coverage for MDC Partners.

MDC Partners (NASDAQ:MDCA) last announced its earnings results on Wednesday, May 9th. The business services provider reported ($0.56) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.12) by ($0.44). The business had revenue of $327.00 million for the quarter, compared to analysts’ expectations of $352.73 million. MDC Partners had a negative return on equity of 6.92% and a net margin of 14.91%. The firm’s revenue was down 5.1% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.21) earnings per share.

Several analysts recently weighed in on the company. Zacks Investment Research lowered MDC Partners from a “buy” rating to a “hold” rating in a report on Saturday, April 28th. Wells Fargo & Co reissued a “hold” rating on shares of MDC Partners in a report on Friday, February 23rd. ValuEngine lowered MDC Partners from a “sell” rating to a “strong sell” rating in a report on Wednesday, May 2nd. Royal Bank of Canada set a $6.00 price objective on MDC Partners and gave the company a “hold” rating in a report on Friday, May 18th. They noted that the move was a valuation call. Finally, BMO Capital Markets reissued a “buy” rating on shares of MDC Partners in a report on Friday, February 23rd. Three equities research analysts have rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $10.85.

Shares of MDC Partners opened at $4.40 on Friday, MarketBeat reports. The company has a debt-to-equity ratio of -3.37, a current ratio of 0.74 and a quick ratio of 0.74. The stock has a market capitalization of $266.16 million, a P/E ratio of 7.21, a PEG ratio of 1.90 and a beta of 1.27. MDC Partners has a fifty-two week low of $3.80 and a fifty-two week high of $12.26.

Hedge funds have recently modified their holdings of the business. Virtu Financial LLC acquired a new position in MDC Partners in the fourth quarter valued at approximately $109,000. Capital Fund Management S.A. acquired a new position in MDC Partners in the fourth quarter valued at approximately $161,000. Stonebridge Capital Management Inc. boosted its position in shares of MDC Partners by 53.5% during the fourth quarter. Stonebridge Capital Management Inc. now owns 17,225 shares of the business services provider’s stock worth $162,000 after buying an additional 6,000 shares during the period. Teacher Retirement System of Texas acquired a new position in shares of MDC Partners during the fourth quarter worth approximately $198,000. Finally, SG Americas Securities LLC boosted its position in shares of MDC Partners by 106.5% during the fourth quarter. SG Americas Securities LLC now owns 21,070 shares of the business services provider’s stock worth $205,000 after buying an additional 10,867 shares during the period. Institutional investors own 89.71% of the company’s stock.

About MDC Partners

MDC Partners Inc provides marketing, advertising, activation, communications, and strategic consulting solutions worldwide. It offers a range of customized services, including global advertising and marketing services; media buying, planning, and optimization; interactive and mobile marketing; direct marketing; database and customer relationship management; sales promotion; corporate communications; market research; data analytics and insights; corporate identity, design, and branding services; social media communications; product and service innovation; e-commerce management; and technology services.

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Earnings History and Estimates for MDC Partners (NASDAQ:MDCA)

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