$166.47 Million in Sales Expected for Marcus Corp (MCS) This Quarter

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Brokerages expect that Marcus Corp (NYSE:MCS) will announce sales of $166.47 million for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for Marcus’ earnings. The lowest sales estimate is $164.64 million and the highest is $168.30 million. Marcus posted sales of $158.17 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 5.2%. The company is expected to announce its next quarterly earnings report on Thursday, February 28th.

According to Zacks, analysts expect that Marcus will report full-year sales of $698.56 million for the current financial year, with estimates ranging from $696.73 million to $700.40 million. For the next year, analysts expect that the firm will report sales of $713.88 million, with estimates ranging from $712.70 million to $715.06 million. Zacks’ sales averages are a mean average based on a survey of research firms that that provide coverage for Marcus.

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

Several analysts have commented on the company. B. Riley downgraded Marcus from a “buy” rating to a “neutral” rating and cut their target price for the company from $42.50 to $41.00 in a research note on Wednesday, August 15th. ValuEngine upgraded Marcus from a “hold” rating to a “buy” rating in a research note on Thursday, July 26th. Barrington Research reiterated a “buy” rating and set a $36.00 target price on shares of Marcus in a research note on Thursday, July 26th. Finally, Zacks Investment Research downgraded Marcus from a “buy” rating to a “hold” rating in a research note on Thursday, September 27th.

In other news, insider Gregory S. Marcus sold 89,093 shares of the stock in a transaction on Wednesday, September 12th. The stock was sold at an average price of $41.05, for a total transaction of $3,657,267.65. Following the transaction, the insider now directly owns 194,687 shares of the company’s stock, valued at approximately $7,991,901.35. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Bruce J. Olson sold 3,600 shares of the stock in a transaction on Wednesday, August 22nd. The shares were sold at an average price of $38.45, for a total value of $138,420.00. Following the transaction, the director now directly owns 5,604 shares in the company, valued at $215,473.80. The disclosure for this sale can be found here. Insiders have sold a total of 171,343 shares of company stock worth $6,988,680 over the last three months. Insiders own 32.88% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Thompson Davis & CO. Inc. raised its holdings in Marcus by 92.3% in the 2nd quarter. Thompson Davis & CO. Inc. now owns 3,207 shares of the company’s stock worth $104,000 after purchasing an additional 1,539 shares during the period. Piedmont Investment Advisors LLC bought a new position in Marcus in the 2nd quarter worth $147,000. Raymond James & Associates bought a new position in Marcus in the 2nd quarter worth $208,000. Chicago Equity Partners LLC bought a new position in Marcus in the 3rd quarter worth $218,000. Finally, SG Americas Securities LLC bought a new position in Marcus in the 2nd quarter worth $258,000. 60.32% of the stock is currently owned by hedge funds and other institutional investors.

MCS traded down $0.22 during trading on Wednesday, hitting $41.28. 126,840 shares of the company’s stock traded hands, compared to its average volume of 169,081. The company has a current ratio of 0.47, a quick ratio of 0.49 and a debt-to-equity ratio of 0.59. Marcus has a 12-month low of $23.55 and a 12-month high of $44.61. The company has a market cap of $1.16 billion, a price-to-earnings ratio of 26.81, a P/E/G ratio of 1.47 and a beta of 0.60.

The company also recently declared a quarterly dividend, which will be paid on Monday, December 17th. Stockholders of record on Monday, November 26th will be issued a dividend of $0.15 per share. The ex-dividend date is Friday, November 23rd. This represents a $0.60 annualized dividend and a dividend yield of 1.45%. Marcus’s payout ratio is 38.96%.

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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