$410.25 Million in Sales Expected for MDC Partners Inc (MDCA) This Quarter
Equities research analysts expect MDC Partners Inc (NASDAQ:MDCA) to post sales of $410.25 million for the current fiscal quarter, according to Zacks Investment Research. Two analysts have made 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 would indicate a positive year over year growth rate of 5.1%. The company is scheduled to announce its next earnings results on Monday, February 26th.
On average, analysts expect that MDC Partners will report full-year sales of $410.25 million for the current year. For the next financial 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 cover MDC Partners.
MDCA has been the topic of several research reports. Zacks Investment Research downgraded MDC Partners from a “buy” rating to a “hold” rating in a research report on Wednesday, January 17th. BidaskClub downgraded MDC Partners from a “hold” rating to a “sell” rating in a research report on Friday, December 29th. Wells Fargo & Co restated a “hold” rating and issued a $12.00 target price on shares of MDC Partners in a research report on Tuesday, October 31st. Finally, BMO Capital Markets restated a “buy” rating and issued a $15.00 target price on shares of MDC Partners in a research report on Wednesday, October 18th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $11.83.
MDC Partners (NASDAQ MDCA) opened at $9.00 on Tuesday. The firm has a market capitalization of $525.21, a P/E ratio of 23.08, a PEG ratio of 2.46 and a beta of 1.25. MDC Partners has a 1 year low of $6.75 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.
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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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