Equities research analysts forecast that Marcus Corp (NYSE:MCS) will report earnings of $0.67 per share for the current quarter, according to Zacks Investment Research. Two analysts have provided estimates for Marcus’ earnings, with estimates ranging from $0.64 to $0.70. Marcus reported earnings of $0.65 per share in the same quarter last year, which suggests a positive year over year growth rate of 3.1%. The business is scheduled to announce its next earnings results on Thursday, July 25th.
According to Zacks, analysts expect that Marcus will report full year earnings of $1.84 per share for the current fiscal year, with EPS estimates ranging from $1.80 to $1.87. For the next financial year, analysts forecast that the business will report earnings of $2.22 per share, with EPS estimates ranging from $2.18 to $2.25. Zacks’ EPS calculations are a mean average based on a survey of sell-side research firms that follow Marcus.
Marcus (NYSE:MCS) last released its earnings results on Thursday, April 25th. The company reported $0.13 EPS for the quarter, topping analysts’ consensus estimates of $0.06 by $0.07. Marcus had a return on equity of 9.97% and a net margin of 6.41%. The company had revenue of $170.04 million for the quarter, compared to the consensus estimate of $171.20 million.
A number of research analysts have commented on MCS shares. B. Riley raised Marcus from a “neutral” rating to a “buy” rating and increased their target price for the stock from $41.00 to $46.00 in a report on Friday, April 26th. ValuEngine downgraded Marcus from a “buy” rating to a “hold” rating in a report on Friday, May 17th. Finally, Zacks Investment Research raised Marcus from a “hold” rating to a “buy” rating and set a $43.00 target price on the stock in a report on Thursday, April 25th. One analyst has rated the stock with a hold rating and four have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $45.75.
In other news, Director Diane M. Gershowitz sold 21,542 shares of the stock in a transaction that occurred on Monday, April 8th. The stock was sold at an average price of $40.26, for a total transaction of $867,280.92. Following the sale, the director now directly owns 207,955 shares in the company, valued at approximately $8,372,268.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Diane M. Gershowitz sold 28,907 shares of the stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $40.16, for a total value of $1,160,905.12. Following the sale, the director now owns 207,955 shares in the company, valued at $8,351,472.80. The disclosure for this sale can be found here. Insiders have sold a total of 59,422 shares of company stock worth $2,387,555 over the last quarter. Insiders own 29.04% of the company’s stock.
Several institutional investors have recently made changes to their positions in the company. Zurcher Kantonalbank Zurich Cantonalbank increased its position in Marcus by 147.8% in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,158 shares of the company’s stock valued at $86,000 after acquiring an additional 1,287 shares during the period. Marshall Wace North America L.P. acquired a new stake in Marcus in the 1st quarter valued at approximately $99,000. BNP Paribas Arbitrage SA increased its position in Marcus by 252.4% in the 1st quarter. BNP Paribas Arbitrage SA now owns 4,190 shares of the company’s stock valued at $168,000 after acquiring an additional 3,001 shares during the period. Advisor Group Inc. increased its position in Marcus by 35.5% in the 4th quarter. Advisor Group Inc. now owns 4,852 shares of the company’s stock valued at $191,000 after acquiring an additional 1,271 shares during the period. Finally, Piedmont Investment Advisors Inc. acquired a new stake in Marcus in the 1st quarter valued at approximately $214,000. Institutional investors and hedge funds own 64.74% of the company’s stock.
NYSE:MCS traded up $0.07 during trading hours on Friday, reaching $32.44. 1,353 shares of the stock were exchanged, compared to its average volume of 178,716. The company has a quick ratio of 0.39, a current ratio of 0.39 and a debt-to-equity ratio of 0.48. The company’s 50 day moving average is $35.15. Marcus has a 52 week low of $32.05 and a 52 week high of $45.82. The firm has a market cap of $1.02 billion, a PE ratio of 16.73, a P/E/G ratio of 1.15 and a beta of 0.69.
The business also recently declared a quarterly dividend, which was paid on Monday, June 17th. Stockholders of record on Tuesday, May 28th were given a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.97%. The ex-dividend date of this dividend was Friday, May 24th. Marcus’s payout ratio is 32.99%.
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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