Equities analysts expect Marcus Corp (NYSE:MCS) to announce $0.56 earnings per share for the current fiscal quarter, according to Zacks Investment Research. Two analysts have made estimates for Marcus’ earnings. The highest EPS estimate is $0.57 and the lowest is $0.54. Marcus also reported earnings per share of $0.56 in the same quarter last year. The company is scheduled to report its next earnings results on Thursday, October 24th.
According to Zacks, analysts expect that Marcus will report full year earnings of $1.71 per share for the current year, with EPS estimates ranging from $1.67 to $1.75. For the next year, analysts forecast that the business will post earnings of $2.08 per share, with EPS estimates ranging from $2.06 to $2.10. Zacks’ EPS averages are an average based on a survey of analysts that follow Marcus.
Marcus (NYSE:MCS) last issued its quarterly earnings data on Thursday, July 25th. The company reported $0.64 earnings per share for the quarter, beating analysts’ consensus estimates of $0.61 by $0.03. Marcus had a return on equity of 9.59% and a net margin of 6.00%. The firm had revenue of $232.50 million during the quarter, compared to analyst estimates of $227.65 million.
A number of equities research analysts have weighed in on MCS shares. ValuEngine lowered Marcus from a “buy” rating to a “hold” rating in a research note on Friday, May 17th. B. Riley upgraded Marcus from a “neutral” rating to a “buy” rating and raised their price objective for the company from $41.00 to $46.00 in a research note on Friday, April 26th. Finally, Zacks Investment Research lowered Marcus from a “buy” rating to a “hold” rating in a research note on Friday, July 19th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $44.50.
NYSE MCS traded down $1.87 during mid-day trading on Wednesday, reaching $34.39. 298,400 shares of the company’s stock traded hands, compared to its average volume of 203,896. Marcus has a 1-year low of $31.90 and a 1-year high of $45.82. The firm’s fifty day simple moving average is $33.81. The company has a current ratio of 0.39, a quick ratio of 0.39 and a debt-to-equity ratio of 0.80. The stock has a market capitalization of $1.11 billion, a P/E ratio of 17.73, a price-to-earnings-growth ratio of 1.31 and a beta of 0.57.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 16th. Shareholders of record on Monday, August 26th will be paid a dividend of $0.16 per share. The ex-dividend date is Friday, August 23rd. This represents a $0.64 dividend on an annualized basis and a yield of 1.86%. Marcus’s dividend payout ratio (DPR) is presently 32.99%.
Several institutional investors and hedge funds have recently modified their holdings of MCS. Lazard Asset Management LLC grew its position in shares of Marcus by 69.9% in the 1st quarter. Lazard Asset Management LLC now owns 855,500 shares of the company’s stock worth $34,262,000 after acquiring an additional 352,110 shares in the last quarter. Westwood Holdings Group Inc. grew its position in shares of Marcus by 28.9% in the 1st quarter. Westwood Holdings Group Inc. now owns 698,515 shares of the company’s stock worth $27,976,000 after acquiring an additional 156,626 shares in the last quarter. Putnam Investments LLC acquired a new position in shares of Marcus in the 2nd quarter worth approximately $2,948,000. BlackRock Inc. grew its position in shares of Marcus by 2.4% in the 2nd quarter. BlackRock Inc. now owns 3,417,370 shares of the company’s stock worth $112,634,000 after acquiring an additional 78,672 shares in the last quarter. Finally, 361 Capital LLC acquired a new position in shares of Marcus in the 2nd quarter worth approximately $2,322,000. Institutional investors own 64.16% of the company’s stock.
Marcus Company Profile
The Marcus Corporation, together with its subsidiaries, owns and operates movie theatres, and hotels and resorts in the United States. As of March 12, 2019, it owned or operated 1,098 screens at 90 locations in 17 states; and owned and managed 21 hotels, resorts, and other properties in nine states. The company also operates a family entertainment center under the Funset Boulevard name in Appleton, Wisconsin, as well as owns and operates a retail outlet under the name of Ronnie's Plaza.
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