Analysts expect Marcus Corp (NYSE:MCS) to post earnings per share (EPS) of $0.52 for the current quarter, according to Zacks Investment Research. Two analysts have provided estimates for Marcus’ earnings, with estimates ranging from $0.51 to $0.53. Marcus reported earnings per share of $0.36 during the same quarter last year, which would indicate a positive year-over-year growth rate of 44.4%. The company is expected to issue its next quarterly earnings report on Thursday, July 26th.
According to Zacks, analysts expect that Marcus will report full year earnings of $1.69 per share for the current financial year, with EPS estimates ranging from $1.65 to $1.73. For the next financial year, analysts expect that the business will post earnings of $1.90 per share, with EPS estimates ranging from $1.85 to $1.95. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side analysts that cover Marcus.
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Marcus (NYSE:MCS) last announced its earnings results on Thursday, April 26th. The company reported $0.35 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.34 by $0.01. Marcus had a net margin of 10.33% and a return on equity of 10.26%. The company had revenue of $168.19 million during the quarter, compared to analysts’ expectations of $158.67 million.
Several research firms recently weighed in on MCS. Zacks Investment Research cut shares of Marcus from a “buy” rating to a “hold” rating in a research report on Thursday, April 26th. Barrington Research reaffirmed a “buy” rating and set a $36.00 price objective on shares of Marcus in a research report on Monday, February 26th. Finally, B. Riley reaffirmed a “buy” rating and set a $36.00 price objective (up previously from $34.00) on shares of Marcus in a research report on Friday, February 23rd. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $34.00.
MCS opened at $32.80 on Wednesday. Marcus has a twelve month low of $23.55 and a twelve month high of $33.05. The company has a debt-to-equity ratio of 0.71, a current ratio of 0.44 and a quick ratio of 0.44. The stock has a market cap of $901.28 million, a P/E ratio of 20.64, a PEG ratio of 1.27 and a beta of 0.49.
The company also recently disclosed a quarterly dividend, which was paid on Friday, June 15th. Investors of record on Friday, May 25th were given a dividend of $0.15 per share. The ex-dividend date of this dividend was Thursday, May 24th. This represents a $0.60 annualized dividend and a yield of 1.83%. Marcus’s dividend payout ratio is 38.96%.
In related news, Director Diane M. Gershowitz sold 12,750 shares of the company’s stock in a transaction dated Friday, April 6th. The shares were sold at an average price of $30.86, for a total transaction of $393,465.00. Following the completion of the sale, the director now owns 7,482 shares of the company’s stock, valued at $230,894.52. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Rolando B. Rodriguez sold 12,000 shares of the company’s stock in a transaction dated Wednesday, May 30th. The stock was sold at an average price of $31.31, for a total transaction of $375,720.00. Following the sale, the chief executive officer now directly owns 43,100 shares of the company’s stock, valued at approximately $1,349,461. The disclosure for this sale can be found here. Insiders have sold 60,250 shares of company stock valued at $1,875,575 in the last ninety days. 32.88% of the stock is currently owned by company insiders.
A number of hedge funds and other institutional investors have recently modified their holdings of the business. Sei Investments Co. raised its stake in Marcus by 55.6% during the first quarter. Sei Investments Co. now owns 4,817 shares of the company’s stock worth $146,000 after acquiring an additional 1,721 shares in the last quarter. First Trust Advisors LP raised its stake in Marcus by 14.9% during the fourth quarter. First Trust Advisors LP now owns 17,449 shares of the company’s stock worth $477,000 after acquiring an additional 2,263 shares in the last quarter. Swiss National Bank raised its stake in Marcus by 7.8% during the first quarter. Swiss National Bank now owns 31,800 shares of the company’s stock worth $965,000 after acquiring an additional 2,300 shares in the last quarter. Principal Financial Group Inc. raised its stake in Marcus by 2.4% during the first quarter. Principal Financial Group Inc. now owns 147,494 shares of the company’s stock worth $4,476,000 after acquiring an additional 3,499 shares in the last quarter. Finally, C M Bidwell & Associates Ltd. acquired a new position in Marcus during the first quarter worth about $157,000. 59.85% of the stock is owned by hedge funds and other institutional investors.
The Marcus Corporation, together with its subsidiaries, owns and operates movie theatres, and hotels and resorts. As of December 28, 2017, the company operated approximately 69 movie theatres with 895 screens in Wisconsin, Illinois, Iowa, Minnesota, Missouri, Nebraska, North Dakota, and Ohio; owned or managed approximately 4,841 hotel and resort rooms; and 19 hotels, resorts, and other properties for third parties in nine states.
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