$0.46 EPS Expected for Marcus Corp (MCS) This Quarter

Analysts expect Marcus Corp (NYSE:MCS) to post $0.46 earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for Marcus’ earnings, with estimates ranging from $0.44 to $0.48. Marcus reported earnings per share of $0.39 during the same quarter last year, which would indicate a positive year-over-year growth rate of 17.9%. The company is scheduled to announce its next quarterly earnings results on Thursday, October 25th.

On average, analysts expect that Marcus will report full year earnings of $1.76 per share for the current fiscal year, with EPS estimates ranging from $1.75 to $1.77. For the next fiscal year, analysts anticipate that the firm will report earnings of $1.87 per share, with EPS estimates ranging from $1.83 to $1.90. Zacks Investment Research’s earnings per share calculations are an average based on a survey of research analysts that that provide coverage for Marcus.

Marcus (NYSE:MCS) last released its quarterly earnings data on Thursday, July 26th. The company reported $0.65 EPS for the quarter, topping the consensus estimate of $0.58 by $0.07. Marcus had a return on equity of 11.83% and a net margin of 10.97%. The company had revenue of $193.30 million during the quarter, compared to the consensus estimate of $183.52 million.

Several research firms recently commented on MCS. ValuEngine upgraded Marcus from a “hold” rating to a “buy” rating in a report on Thursday, July 26th. Barrington Research reiterated a “buy” rating and issued a $36.00 price objective on shares of Marcus in a report on Thursday, July 26th. B. Riley downgraded Marcus from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $42.50 to $41.00 in a report on Wednesday, August 15th. Finally, Zacks Investment Research upgraded Marcus from a “sell” rating to a “hold” rating in a report on Wednesday, June 20th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the company. Marcus presently has an average rating of “Hold” and a consensus target price of $35.25.

NYSE MCS traded down $0.10 during trading hours on Monday, hitting $40.70. The company’s stock had a trading volume of 79,275 shares, compared to its average volume of 92,844. Marcus has a 12 month low of $23.55 and a 12 month high of $42.50. The company has a market capitalization of $1.15 billion, a price-to-earnings ratio of 26.43, a PEG ratio of 1.55 and a beta of 0.55. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.49 and a current ratio of 0.49.

The company also recently declared a quarterly dividend, which was paid on Monday, September 17th. Shareholders of record on Monday, August 27th were paid a dividend of $0.15 per share. The ex-dividend date was Friday, August 24th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.47%. Marcus’s dividend payout ratio is currently 38.96%.

In other Marcus news, VP Thomas F. Kissinger sold 20,000 shares of the business’s stock in a transaction dated Wednesday, August 1st. The stock was sold at an average price of $37.94, for a total transaction of $758,800.00. Following the completion of the sale, the vice president now directly owns 81,751 shares in the company, valued at approximately $3,101,632.94. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP Thomas F. Kissinger sold 6,000 shares of the business’s stock in a transaction dated Wednesday, September 5th. The shares were sold at an average price of $41.37, for a total value of $248,220.00. Following the sale, the vice president now owns 85,064 shares of the company’s stock, valued at $3,519,097.68. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 294,790 shares of company stock valued at $11,628,473. Corporate insiders own 32.88% of the company’s stock.

Institutional investors have recently added to or reduced their stakes in the business. BlackRock Inc. grew its stake in shares of Marcus by 13.1% during the 2nd quarter. BlackRock Inc. now owns 3,097,048 shares of the company’s stock valued at $100,654,000 after acquiring an additional 358,093 shares during the period. Westwood Holdings Group Inc. grew its stake in shares of Marcus by 1.4% during the 1st quarter. Westwood Holdings Group Inc. now owns 790,878 shares of the company’s stock valued at $24,003,000 after acquiring an additional 10,710 shares during the period. LSV Asset Management grew its stake in shares of Marcus by 17.2% during the 2nd quarter. LSV Asset Management now owns 595,288 shares of the company’s stock valued at $19,346,000 after acquiring an additional 87,388 shares during the period. Millennium Management LLC grew its stake in shares of Marcus by 30.4% during the 1st quarter. Millennium Management LLC now owns 404,236 shares of the company’s stock valued at $12,269,000 after acquiring an additional 94,196 shares during the period. Finally, Gabelli Funds LLC grew its stake in shares of Marcus by 1.1% during the 2nd quarter. Gabelli Funds LLC now owns 380,000 shares of the company’s stock valued at $12,350,000 after acquiring an additional 4,000 shares during the period. Institutional investors and hedge funds own 60.32% of the company’s stock.

Marcus Company Profile

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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