Brokerages Expect Marcus Corporation (The) (MCS) Will Post Earnings of $0.43 Per Share
Analysts expect that Marcus Corporation (The) (NYSE:MCS) will post earnings per share of $0.43 for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for Marcus’ earnings, with estimates ranging from $0.39 to $0.47. Marcus posted earnings of $0.31 per share in the same quarter last year, which would indicate a positive year-over-year growth rate of 38.7%. The company is expected to announce its next earnings report on Thursday, February 22nd.
According to Zacks, analysts expect that Marcus will report full year earnings of $1.53 per share for the current fiscal year, with EPS estimates ranging from $1.50 to $1.55. For the next fiscal year, analysts anticipate that the company will post earnings of $1.60 per share. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research firms that cover Marcus.
Marcus (NYSE:MCS) last posted its quarterly earnings data on Thursday, October 26th. The company reported $0.39 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.37 by $0.02. Marcus had a return on equity of 9.73% and a net margin of 6.51%. The company had revenue of $153.82 million during the quarter, compared to analyst estimates of $153.91 million. During the same quarter last year, the company earned $0.51 EPS. The firm’s revenue for the quarter was up 6.3% on a year-over-year basis.
MCS has been the subject of a number of analyst reports. Zacks Investment Research lowered Marcus from a “hold” rating to a “sell” rating in a research report on Friday, October 20th. TheStreet raised Marcus from a “c” rating to a “b-” rating in a research report on Thursday, October 5th. B. Riley reiterated a “buy” rating and set a $36.00 target price on shares of Marcus in a research note on Friday, October 27th. ValuEngine downgraded Marcus from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. Finally, Benchmark reiterated a “buy” rating and set a $34.00 target price (down from $37.00) on shares of Marcus in a research note on Wednesday, October 4th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $35.67.
Marcus (NYSE MCS) traded down $0.35 during mid-day trading on Thursday, reaching $27.80. The company had a trading volume of 46,753 shares, compared to its average volume of 72,628. Marcus has a one year low of $23.85 and a one year high of $34.90. The company has a current ratio of 0.47, a quick ratio of 0.47 and a debt-to-equity ratio of 0.81. The company has a market cap of $773.92, a price-to-earnings ratio of 20.00, a PEG ratio of 1.22 and a beta of 0.72.
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Monday, November 27th will be paid a dividend of $0.125 per share. The ex-dividend date is Friday, November 24th. This represents a $0.50 annualized dividend and a yield of 1.80%. Marcus’s dividend payout ratio is 35.97%.
A number of institutional investors and hedge funds have recently modified their holdings of the business. Public Employees Retirement System of Ohio purchased a new stake in Marcus during the 3rd quarter valued at $1,831,000. Fieldpoint Private Securities LLC purchased a new stake in Marcus during the 3rd quarter valued at $100,000. Dana Investment Advisors Inc. boosted its stake in Marcus by 7.8% during the 3rd quarter. Dana Investment Advisors Inc. now owns 78,761 shares of the company’s stock valued at $2,182,000 after purchasing an additional 5,720 shares during the last quarter. Neuberger Berman Group LLC boosted its stake in Marcus by 191.7% during the 3rd quarter. Neuberger Berman Group LLC now owns 22,154 shares of the company’s stock valued at $614,000 after purchasing an additional 14,559 shares during the last quarter. Finally, Western Standard LLC boosted its stake in Marcus by 174.0% during the 3rd quarter. Western Standard LLC now owns 108,031 shares of the company’s stock valued at $2,992,000 after purchasing an additional 68,605 shares during the last quarter. Institutional investors and hedge funds own 60.18% of the company’s stock.
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The Marcus Corporation operates principally in two business segments: Theatres, and Hotels and Resorts. The Theatres segment operates multiscreen motion picture theatres in Wisconsin, Illinois, Ohio, Minnesota, Iowa, North Dakota and Nebraska, and a family entertainment center in Wisconsin. The Hotels and Resorts segment owns and operates hotels and resorts in Wisconsin, Illinois, Oklahoma and Nebraska, and manages hotels, resorts and other properties in Wisconsin, Minnesota, Texas, Nevada, Georgia, Florida and California.
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