Analysts Anticipate Marcus Co. (MCS) Will Post Earnings of $0.40 Per Share

Wall Street analysts expect that Marcus Co. (NYSE:MCS) will announce earnings of $0.40 per share for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for Marcus’ earnings. The lowest EPS estimate is $0.37 and the highest is $0.43. Marcus posted earnings per share of $0.33 during the same quarter last year, which would indicate a positive year over year growth rate of 21.2%. The business is scheduled to report its next earnings results before the market opens on Thursday, April 26th.

According to Zacks, analysts expect that Marcus will report full-year earnings of $1.80 per share for the current financial year, with EPS estimates ranging from $1.79 to $1.80. For the next financial year, analysts expect that the firm will post earnings of $1.97 per share, with EPS estimates ranging from $1.93 to $2.00. Zacks’ EPS calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for Marcus.

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Marcus (NYSE:MCS) last issued its quarterly earnings results on Thursday, February 22nd. The company reported $0.46 EPS for the quarter, beating analysts’ consensus estimates of $0.38 by $0.08. Marcus had a return on equity of 10.48% and a net margin of 10.44%. The firm had revenue of $158.16 million for the quarter, compared to analysts’ expectations of $156.52 million. During the same quarter in the prior year, the firm earned $0.31 EPS. The business’s revenue for the quarter was up 14.0% compared to the same quarter last year.



A number of brokerages have recently commented on MCS. Barrington Research reaffirmed a “buy” rating and set a $36.00 price target on shares of Marcus in a research report on Monday, February 26th. B. Riley reaffirmed a “buy” rating and issued a $34.00 price target on shares of Marcus in a report on Tuesday, January 30th. Finally, Zacks Investment Research raised Marcus from a “sell” rating to a “hold” rating and set a $30.00 price target on the stock in a report on Wednesday, February 28th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $34.00.

In other news, Director Philip L. Milstein sold 10,000 shares of the stock in a transaction dated Monday, March 19th. The stock was sold at an average price of $30.63, for a total transaction of $306,300.00. Following the transaction, the director now directly owns 44,507 shares in the company, valued at approximately $1,363,249.41. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Thomas F. Kissinger sold 7,500 shares of the stock in a transaction dated Monday, March 19th. The shares were sold at an average price of $30.62, for a total value of $229,650.00. Following the transaction, the vice president now owns 84,843 shares in the company, valued at $2,597,892.66. The disclosure for this sale can be found here. Insiders have sold a total of 31,500 shares of company stock worth $949,790 over the last quarter. Corporate insiders own 33.53% of the company’s stock.

Several institutional investors have recently made changes to their positions in MCS. River Road Asset Management LLC increased its holdings in shares of Marcus by 423.2% in the 4th quarter. River Road Asset Management LLC now owns 157,811 shares of the company’s stock worth $4,316,000 after purchasing an additional 127,646 shares in the last quarter. BlackRock Inc. lifted its stake in Marcus by 4.8% in the 4th quarter. BlackRock Inc. now owns 2,537,744 shares of the company’s stock worth $69,406,000 after purchasing an additional 117,059 shares in the last quarter. Westwood Holdings Group Inc. lifted its stake in Marcus by 9.8% in the 4th quarter. Westwood Holdings Group Inc. now owns 780,168 shares of the company’s stock worth $21,338,000 after purchasing an additional 69,515 shares in the last quarter. Western Standard LLC lifted its stake in Marcus by 174.0% in the 3rd quarter. Western Standard LLC now owns 108,031 shares of the company’s stock worth $2,992,000 after purchasing an additional 68,605 shares in the last quarter. Finally, Public Employees Retirement System of Ohio purchased a new position in Marcus in the 3rd quarter worth approximately $1,831,000. Hedge funds and other institutional investors own 60.41% of the company’s stock.

Shares of NYSE MCS traded down $0.05 during trading on Thursday, reaching $30.80. 30,984 shares of the stock traded hands, compared to its average volume of 87,325. Marcus has a 52-week low of $23.55 and a 52-week high of $34.90. The company has a debt-to-equity ratio of 0.71, a current ratio of 0.48 and a quick ratio of 0.48. The stock has a market capitalization of $858.80, a PE ratio of 20.03, a P/E/G ratio of 1.15 and a beta of 0.47.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 15th. Stockholders of record on Monday, March 5th were given a dividend of $0.15 per share. The ex-dividend date was Friday, March 2nd. This is a positive change from Marcus’s previous quarterly dividend of $0.13. This represents a $0.60 annualized dividend and a dividend yield of 1.95%. Marcus’s dividend payout ratio is 38.96%.

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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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Earnings History and Estimates for Marcus (NYSE:MCS)

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