Barrington Research Equities Analysts Raise Earnings Estimates for The Marcus Co. (NYSE:MCS)

The Marcus Co. (NYSE:MCS) – Equities research analysts at Barrington Research lifted their Q1 2024 earnings per share estimates for Marcus in a research note issued to investors on Monday, April 22nd. Barrington Research analyst J. Goss now anticipates that the company will earn ($0.36) per share for the quarter, up from their prior forecast of ($0.42). Barrington Research currently has a “Outperform” rating and a $20.00 target price on the stock. The consensus estimate for Marcus’ current full-year earnings is $0.07 per share. Barrington Research also issued estimates for Marcus’ Q2 2024 earnings at $0.12 EPS, FY2024 earnings at $0.24 EPS, Q1 2025 earnings at ($0.19) EPS, FY2025 earnings at $54.00 EPS and FY2026 earnings at $0.67 EPS.

A number of other equities analysts also recently weighed in on the stock. StockNews.com downgraded shares of Marcus from a “buy” rating to a “hold” rating in a research note on Thursday, February 1st. B. Riley dropped their price target on shares of Marcus from $23.00 to $19.00 and set a “buy” rating on the stock in a research note on Tuesday, January 2nd. Finally, Benchmark reaffirmed a “buy” rating and issued a $20.00 price target on shares of Marcus in a research note on Tuesday, March 5th.

Marcus Trading Up 0.7 %

NYSE MCS opened at $13.64 on Thursday. Marcus has a 1-year low of $12.78 and a 1-year high of $17.84. The company has a current ratio of 0.62, a quick ratio of 0.62 and a debt-to-equity ratio of 0.37. The company has a market capitalization of $432.66 million, a PE ratio of 44.00, a price-to-earnings-growth ratio of 12.90 and a beta of 1.47. The firm’s fifty day simple moving average is $14.11 and its 200-day simple moving average is $14.40.

Marcus (NYSE:MCS) last released its earnings results on Thursday, February 29th. The company reported ($0.05) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.17) by $0.12. The company had revenue of $161.53 million during the quarter, compared to analyst estimates of $160.75 million. Marcus had a return on equity of 3.19% and a net margin of 2.03%.

Hedge Funds Weigh In On Marcus

Hedge funds have recently bought and sold shares of the business. Assenagon Asset Management S.A. increased its position in Marcus by 27.0% during the fourth quarter. Assenagon Asset Management S.A. now owns 335,302 shares of the company’s stock worth $4,889,000 after buying an additional 71,189 shares during the last quarter. Pacer Advisors Inc. bought a new stake in Marcus during the fourth quarter valued at about $15,410,000. KLCM Advisors Inc. boosted its holdings in Marcus by 0.5% during the fourth quarter. KLCM Advisors Inc. now owns 564,964 shares of the company’s stock valued at $8,237,000 after acquiring an additional 2,999 shares during the period. American Century Companies Inc. boosted its holdings in Marcus by 10.1% during the third quarter. American Century Companies Inc. now owns 282,259 shares of the company’s stock valued at $4,375,000 after acquiring an additional 25,867 shares during the period. Finally, WINTON GROUP Ltd boosted its holdings in Marcus by 8.3% during the third quarter. WINTON GROUP Ltd now owns 22,650 shares of the company’s stock valued at $351,000 after acquiring an additional 1,735 shares during the period. 81.57% of the stock is owned by institutional investors and hedge funds.

Marcus Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Monday, March 4th were given a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a yield of 2.05%. The ex-dividend date of this dividend was Friday, March 1st. Marcus’s payout ratio is 90.32%.

About Marcus

The Marcus Corporation, together with its subsidiaries, owns and operates movie theatres, and hotels and resorts in the United States. It operates a family entertainment center and multiscreen motion picture theatres under the Big Screen Bistro, Big Screen Bistro Express, BistroPlex, and Movie Tavern by Marcus brand names.