$0.32 EPS Expected for Marcus Corp (MCS) This Quarter

Wall Street analysts expect that Marcus Corp (NYSE:MCS) will announce $0.32 earnings per share for the current fiscal quarter, Zacks reports. Two analysts have issued estimates for Marcus’ earnings. The highest EPS estimate is $0.34 and the lowest is $0.29. Marcus reported earnings per share of $0.46 during the same quarter last year, which would indicate a negative year over year growth rate of 30.4%. The company is scheduled to issue its next quarterly earnings report on Thursday, February 28th.

On average, analysts expect that Marcus will report full-year earnings of $1.88 per share for the current fiscal year, with EPS estimates ranging from $1.85 to $1.90. For the next fiscal year, analysts forecast that the firm will report earnings of $1.96 per share, with EPS estimates ranging from $1.91 to $2.00. Zacks Investment Research’s EPS averages are an average based on a survey of research analysts that cover Marcus.

Marcus (NYSE:MCS) last released its quarterly earnings results on Thursday, October 25th. The company reported $0.56 EPS for the quarter, topping the consensus estimate of $0.47 by $0.09. The company had revenue of $170.60 million for the quarter, compared to analyst estimates of $170.47 million. Marcus had a return on equity of 12.54% and a net margin of 11.46%.

MCS has been the topic of several research analyst reports. Zacks Investment Research raised Marcus from a “hold” rating to a “buy” rating and set a $49.00 price target on the stock in a research report on Wednesday, October 10th. B. Riley lowered Marcus from a “buy” rating to a “neutral” rating and cut their price target for the stock from $42.50 to $41.00 in a research report on Wednesday, August 15th.

MCS opened at $42.46 on Wednesday. The company has a market cap of $1.22 billion, a price-to-earnings ratio of 21.33, a PEG ratio of 1.53 and a beta of 0.60. Marcus has a 52 week low of $23.55 and a 52 week high of $44.61. The company has a current ratio of 0.47, a quick ratio of 0.47 and a debt-to-equity ratio of 0.59.

The business also recently announced a quarterly dividend, which will be paid on Monday, December 17th. Stockholders of record on Monday, November 26th will be issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.41%. The ex-dividend date is Friday, November 23rd. Marcus’s payout ratio is currently 38.96%.

In other news, Director Philip L. Milstein sold 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 27th. The stock was sold at an average price of $42.32, for a total value of $211,600.00. Following the transaction, the director now owns 45,760 shares of the company’s stock, valued at $1,936,563.20. 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 that occurred on Wednesday, September 5th. The shares were sold at an average price of $41.37, for a total value of $248,220.00. Following the completion of the transaction, the vice president now directly owns 85,064 shares in the company, valued at approximately $3,519,097.68. The disclosure for this sale can be found here. In the last three months, insiders sold 155,093 shares of company stock worth $6,365,488. Corporate insiders own 32.88% of the company’s stock.

Several large investors have recently added to or reduced their stakes in the company. BlackRock Inc. increased its holdings in shares of Marcus by 2.3% in the third quarter. BlackRock Inc. now owns 3,167,241 shares of the company’s stock valued at $133,182,000 after purchasing an additional 70,193 shares during the period. Dimensional Fund Advisors LP increased its holdings in shares of Marcus by 0.9% in the third quarter. Dimensional Fund Advisors LP now owns 1,632,780 shares of the company’s stock valued at $68,658,000 after purchasing an additional 13,797 shares during the period. Vanguard Group Inc. increased its holdings in shares of Marcus by 2.8% in the third quarter. Vanguard Group Inc. now owns 1,134,814 shares of the company’s stock valued at $47,719,000 after purchasing an additional 31,303 shares during the period. LSV Asset Management increased its holdings in shares of Marcus by 17.2% in the second quarter. LSV Asset Management now owns 595,288 shares of the company’s stock valued at $19,346,000 after purchasing an additional 87,388 shares during the period. Finally, Renaissance Technologies LLC increased its holdings in shares of Marcus by 33.7% in the third quarter. Renaissance Technologies LLC now owns 401,580 shares of the company’s stock valued at $16,886,000 after purchasing an additional 101,280 shares during the period. 63.31% of the stock is currently owned by institutional investors and hedge funds.

About Marcus

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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