Marcus Corp (NYSE:MCS) – Equities researchers at Barrington Research lowered their FY2019 earnings per share (EPS) estimates for shares of Marcus in a research report issued on Wednesday, December 4th, Zacks Investment Research reports. Barrington Research analyst J. Goss now anticipates that the company will earn $1.59 per share for the year, down from their prior forecast of $1.72.
Marcus (NYSE:MCS) last announced its earnings results on Thursday, October 24th. The company reported $0.46 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.55 by ($0.09). The firm had revenue of $211.46 million during the quarter, compared to the consensus estimate of $209.59 million. Marcus had a return on equity of 8.86% and a net margin of 5.44%.
Other research analysts have also recently issued reports about the stock. ValuEngine cut shares of Marcus from a “buy” rating to a “hold” rating in a research report on Friday, November 8th. B. Riley cut shares of Marcus from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $46.00 to $37.00 in a report on Friday, November 22nd. Finally, Zacks Investment Research lowered shares of Marcus from a “hold” rating to a “sell” rating in a report on Friday, October 11th. One 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. The stock presently has an average rating of “Hold” and an average target price of $42.25.
Marcus stock traded down $0.47 on Monday, hitting $32.52. 123,971 shares of the stock traded hands, compared to its average volume of 191,125. 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 business’s fifty day simple moving average is $32.80 and its 200 day simple moving average is $34.12. The firm has a market cap of $1.02 billion, a P/E ratio of 16.76, a price-to-earnings-growth ratio of 1.35 and a beta of 0.49. Marcus has a 1 year low of $30.46 and a 1 year high of $45.82.
The business also recently declared a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Monday, November 25th were given a $0.16 dividend. This represents a $0.64 annualized dividend and a dividend yield of 1.97%. The ex-dividend date of this dividend was Friday, November 22nd. Marcus’s dividend payout ratio is presently 32.99%.
Institutional investors have recently made changes to their positions in the stock. Arizona State Retirement System grew its position in Marcus by 1.8% during the 2nd quarter. Arizona State Retirement System now owns 33,829 shares of the company’s stock valued at $1,115,000 after purchasing an additional 606 shares during the last quarter. Financial Gravity Wealth Inc. boosted its stake in Marcus by 3,288.9% during the 2nd quarter. Financial Gravity Wealth Inc. now owns 915 shares of the company’s stock valued at $30,000 after purchasing an additional 888 shares during the last quarter. Los Angeles Capital Management & Equity Research Inc. increased its holdings in shares of Marcus by 256.3% in the 2nd quarter. Los Angeles Capital Management & Equity Research Inc. now owns 29,930 shares of the company’s stock worth $986,000 after purchasing an additional 21,530 shares in the last quarter. Dupont Capital Management Corp bought a new stake in shares of Marcus in the 2nd quarter worth $332,000. Finally, Boston Advisors LLC raised its stake in shares of Marcus by 21.9% in the second quarter. Boston Advisors LLC now owns 55,988 shares of the company’s stock worth $1,845,000 after purchasing an additional 10,060 shares during the last quarter. Institutional investors own 65.89% of the company’s stock.
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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