MDC Partners Inc. (NASDAQ:MDCA) released its quarterly earnings data on Thursday. The company reported $0.02 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.15 by $0.13. The company earned $337.05 million during the quarter, compared to the consensus estimate of $346.02 million. During the same quarter last year, the firm posted $0.59 EPS. The business’s revenue for the quarter was up .1% compared to the same quarter last year.
MDC Partners (NASDAQ:MDCA) traded up 0.11% during trading on Thursday, hitting $18.19. The stock had a trading volume of 579,643 shares. The firm’s market cap is $914.16 million. The company has a 50-day moving average of $18.01 and a 200 day moving average of $19.48. MDC Partners has a 52-week low of $15.94 and a 52-week high of $23.90.
A number of analysts recently issued reports on MDCA shares. Zacks Investment Research lowered MDC Partners from a “buy” rating to a “hold” rating in a research note on Thursday, April 14th. Albert Fried & Company restated a “buy” rating and issued a $23.00 target price on shares of MDC Partners in a research note on Sunday, July 3rd. Wells Fargo & Co. upgraded MDC Partners from a “market perform” rating to an “outperform” rating in a research note on Thursday, April 14th. Jefferies Group restated a “buy” rating and issued a $24.00 target price on shares of MDC Partners in a research note on Thursday, May 5th. Finally, BMO Capital Markets restated a “buy” rating and issued a $26.00 target price on shares of MDC Partners in a research note on Wednesday, July 6th. One analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $25.57.
MDC Partners Inc is a provider of marketing, advertising, activation, communications and strategic consulting solutions. The Company’s segment is Advertising and Communications. It operates through a network of Partner Firms. The Advertising and Communications segment consists of integrated marketing consulting services to Partner Firms that offers advertising, marketing, media, communications solutions, and specialized consumer insights and analytics, including global advertising and marketing services; media buying, planning and optimization; interactive and mobile marketing; direct marketing; public relations; corporate communications; market research; corporate identity and branding services; sales promotion; the design, development, research and implementation of consumer services, and direct marketing services.
