As per Marcus Corp (NYSE:MCS)’s news release on 2016-08-04, its shareholders will get cash dividend of $0.112 per share. The recent press release updated on the record date and payout date, which stands at 2016-08-25 and 2016-09-15, respectively.
The stock will commence trading ex-dividend from 2016-08-23, until, which the shareholders are compelled to keep the holdings so as to qualify for the dividend. Evaluating the dividend distribution mode, it was noted that last year Marcus Corp (NYSE:MCS) disbursed $0.112 in dividend compared to distribution of $0.112, a year ago.
It highlights a sharp difference in cash payouts of the two years. This shows a major deviation of 10.8108%.
The sell-side market professionals who track the firm’s financial and technical parameters have estimated Marcus Corp (NYSE:MCS) to attain a price target of $27.333. It is an average estimate figure given by 3 analysts tracking the stock. The estimates disclosed that the stock can move up on the chart and hit a high of $30. The low price range is set at $22 for next year while the arithmetic mean is seen at 1.67.
Eyeing Earnings Marcus Corp (NYSE:MCS) is likely to post quarterly numbers around 2016-09-15 for the quarter ending 2016-09-30. The quarterly EPS projection is set at $0.38 for the period ending on 2016-09-30.
In last quarter ended 2015-12-31, Marcus Corp (NYSE:MCS) earnings came at $0.34 suggesting a deviation of $0.05. The brokerages targeted EPS of $0.29 for the quarter.
1 Chart Pattern Every Investor Should Know