Analysts expect Marcus Co. (NYSE:MCS) to post earnings of $0.40 per share for the current fiscal quarter, Zacks reports. Two analysts have issued estimates for Marcus’ earnings, with the highest EPS estimate coming in at $0.43 and the lowest estimate coming in at $0.37. Marcus posted earnings of $0.33 per share during the same quarter last year, which suggests a positive year-over-year growth rate of 21.2%. The business is expected to report its next quarterly earnings report 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 fiscal year, with EPS estimates ranging from $1.79 to $1.80. For the next financial year, analysts forecast that the company will report earnings of $1.97 per share, with EPS estimates ranging from $1.93 to $2.00. Zacks Investment Research’s earnings per share calculations are an average based on a survey of research firms that follow Marcus.
Marcus (NYSE:MCS) last announced its quarterly earnings results on Thursday, February 22nd. The company reported $0.46 EPS for the quarter, beating the Zacks’ consensus estimate of $0.38 by $0.08. The business had revenue of $158.16 million during the quarter, compared to analyst estimates of $156.52 million. Marcus had a net margin of 10.44% and a return on equity of 10.48%. Marcus’s quarterly revenue was up 14.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.31 EPS.
MCS stock traded down $0.20 during midday trading on Thursday, reaching $30.85. 95,899 shares of the company’s stock traded hands, compared to its average volume of 93,030. The firm has a market capitalization of $858.80, a PE ratio of 20.03, a price-to-earnings-growth ratio of 1.15 and a beta of 0.47. The company has a current ratio of 0.48, a quick ratio of 0.48 and a debt-to-equity ratio of 0.71. Marcus has a 52 week low of $23.55 and a 52 week high of $34.90.
The firm also recently declared a quarterly dividend, which was paid on Thursday, March 15th. Shareholders of record on Monday, March 5th were paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 1.94%. The ex-dividend date was Friday, March 2nd. This is a positive change from Marcus’s previous quarterly dividend of $0.13. Marcus’s payout ratio is 38.96%.
In other Marcus news, VP Thomas F. Kissinger sold 4,000 shares of Marcus stock in a transaction on Friday, March 16th. The shares were sold at an average price of $30.66, for a total transaction of $122,640.00. Following the transaction, the vice president now directly owns 84,843 shares of the company’s stock, valued at approximately $2,601,286.38. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Philip L. Milstein sold 10,000 shares of Marcus stock in a transaction on 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 $1,363,249.41. The disclosure for this sale can be found here. Insiders have sold a total of 31,500 shares of company stock valued at $949,790 in the last 90 days. 33.53% of the stock is currently owned by company insiders.
Institutional investors and hedge funds have recently bought and sold shares of the business. Westwood Holdings Group Inc. boosted its holdings in Marcus by 9.8% during the 4th quarter. Westwood Holdings Group Inc. now owns 780,168 shares of the company’s stock worth $21,338,000 after acquiring an additional 69,515 shares during the last quarter. Monarch Partners Asset Management LLC boosted its holdings in Marcus by 49.9% during the 4th quarter. Monarch Partners Asset Management LLC now owns 15,215 shares of the company’s stock worth $416,000 after acquiring an additional 5,065 shares during the last quarter. SG Americas Securities LLC purchased a new position in Marcus during the 3rd quarter worth $279,000. Citadel Advisors LLC boosted its holdings in Marcus by 317.8% during the 3rd quarter. Citadel Advisors LLC now owns 44,992 shares of the company’s stock worth $1,246,000 after acquiring an additional 34,222 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its holdings in Marcus by 62.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 105,105 shares of the company’s stock worth $2,964,000 after acquiring an additional 40,538 shares during the last quarter. 60.41% of the stock is currently owned by hedge funds and other institutional investors.
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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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