Equities research analysts expect Marcus Corp (NYSE:MCS) to post $221.33 million in sales for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for Marcus’ earnings. The highest sales estimate is $225.30 million and the lowest is $217.35 million. Marcus reported sales of $175.03 million during the same quarter last year, which indicates a positive year over year growth rate of 26.5%. The company is expected to announce its next earnings results on Thursday, February 20th.
On average, analysts expect that Marcus will report full-year sales of $835.33 million for the current year, with estimates ranging from $831.35 million to $839.30 million. For the next fiscal year, analysts forecast that the firm will report sales of $869.41 million, with estimates ranging from $853.41 million to $885.40 million. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research firms that cover Marcus.
Marcus (NYSE:MCS) last posted its quarterly earnings data on Thursday, October 24th. The company reported $0.46 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.55 by ($0.09). Marcus had a net margin of 5.44% and a return on equity of 8.86%. The firm had revenue of $211.46 million during the quarter, compared to analysts’ expectations of $209.59 million.
Several analysts have recently issued reports on the stock. Zacks Investment Research cut shares of Marcus from a “hold” rating to a “sell” rating in a research report on Friday, October 11th. B. Riley cut shares of Marcus from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $46.00 to $37.00 in a report on Friday, November 22nd. Finally, ValuEngine downgraded shares of Marcus from a “buy” rating to a “hold” rating in a research note on Friday, November 8th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $42.25.
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Russell Investments Group Ltd. boosted its position in shares of Marcus by 0.6% during the 2nd quarter. Russell Investments Group Ltd. now owns 54,230 shares of the company’s stock worth $1,783,000 after acquiring an additional 300 shares in the last quarter. Louisiana State Employees Retirement System boosted its holdings in Marcus by 4.9% in the third quarter. Louisiana State Employees Retirement System now owns 8,500 shares of the company’s stock valued at $315,000 after purchasing an additional 400 shares in the last quarter. California State Teachers Retirement System boosted its holdings in Marcus by 1.2% in the third quarter. California State Teachers Retirement System now owns 34,859 shares of the company’s stock valued at $1,290,000 after purchasing an additional 416 shares in the last quarter. Municipal Employees Retirement System of Michigan increased its stake in Marcus by 7.6% in the third quarter. Municipal Employees Retirement System of Michigan now owns 6,900 shares of the company’s stock valued at $255,000 after purchasing an additional 490 shares during the last quarter. Finally, MML Investors Services LLC increased its stake in Marcus by 2.0% in the second quarter. MML Investors Services LLC now owns 26,527 shares of the company’s stock valued at $874,000 after purchasing an additional 520 shares during the last quarter. 65.89% of the stock is owned by hedge funds and other institutional investors.
Marcus stock traded down $0.07 during midday trading on Friday, reaching $31.70. 3,035 shares of the stock traded hands, compared to its average volume of 171,274. The firm has a market cap of $972.84 million, a PE ratio of 16.32, a price-to-earnings-growth ratio of 1.24 and a beta of 0.49. The company has a current ratio of 0.36, a quick ratio of 0.36 and a debt-to-equity ratio of 0.77. The company has a 50-day simple moving average of $34.14 and a two-hundred day simple moving average of $34.46. Marcus has a 12-month low of $30.46 and a 12-month high of $45.82.
The business also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, November 25th will be issued a $0.16 dividend. The ex-dividend date is Friday, November 22nd. This represents a $0.64 dividend on an annualized basis and a yield of 2.02%. Marcus’s dividend payout ratio (DPR) is presently 32.99%.
Marcus Company Profile
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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