FY2019 Earnings Estimate for Marcus Corp Issued By Barrington Research (MCS)

Marcus Corp (NYSE:MCS) – Stock analysts at Barrington Research lifted their FY2019 earnings per share estimates for Marcus in a research report issued on Monday, April 29th, Zacks Investment Research reports. Barrington Research analyst J. Goss now anticipates that the company will post earnings per share of $1.87 for the year, up from their previous estimate of $1.75. Barrington Research has a “Buy” rating and a $49.00 price target on the stock. Barrington Research also issued estimates for Marcus’ FY2020 earnings at $2.25 EPS.

A number of other research firms have also issued reports on MCS. Zacks Investment Research upgraded Marcus from a “hold” rating to a “buy” rating and set a $43.00 price objective on the stock in a research note on Thursday, April 25th. ValuEngine lowered Marcus from a “buy” rating to a “hold” rating in a research note on Friday. B. Riley upgraded Marcus from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $41.00 to $46.00 in a research note on Friday, April 26th. Finally, Benchmark boosted their target price on Marcus to $45.00 and gave the stock a “buy” rating in a research report on Friday, February 22nd. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $45.75.

Shares of NYSE:MCS traded up $0.66 during midday trading on Thursday, reaching $36.50. 579,976 shares of the company traded hands, compared to its average volume of 214,483. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.39 and a current ratio of 0.39. Marcus has a 12 month low of $30.90 and a 12 month high of $45.82. The firm has a market cap of $1.13 billion, a price-to-earnings ratio of 18.81, a PEG ratio of 1.29 and a beta of 0.64.

Marcus (NYSE:MCS) last released its quarterly earnings data on Thursday, April 25th. The company reported $0.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.06 by $0.07. Marcus had a return on equity of 9.97% and a net margin of 6.41%. The company had revenue of $170.04 million for the quarter, compared to analyst estimates of $171.20 million.

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 17th. Investors of record on Tuesday, May 28th will be given a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a yield of 1.75%. The ex-dividend date of this dividend is Friday, May 24th. Marcus’s payout ratio is 32.99%.

In other news, Director Diane M. Gershowitz sold 4,418 shares of the company’s stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of $40.00, for a total value of $176,720.00. Following the completion of the transaction, the director now directly owns 207,955 shares in the company, valued at approximately $8,318,200. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Diane M. Gershowitz sold 13,491 shares of the company’s stock in a transaction dated Tuesday, March 12th. The stock was sold at an average price of $41.50, for a total value of $559,876.50. Following the completion of the transaction, the director now owns 207,955 shares of the company’s stock, valued at $8,630,132.50. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 165,072 shares of company stock valued at $6,698,029. 29.04% of the stock is owned by company insiders.

Several institutional investors and hedge funds have recently bought and sold shares of MCS. Wells Fargo & Company MN boosted its holdings in shares of Marcus by 9.9% in the 3rd quarter. Wells Fargo & Company MN now owns 31,311 shares of the company’s stock worth $1,316,000 after purchasing an additional 2,833 shares in the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of Marcus by 9.6% in the 3rd quarter. Bank of New York Mellon Corp now owns 382,195 shares of the company’s stock worth $16,070,000 after purchasing an additional 33,600 shares in the last quarter. Martingale Asset Management L P boosted its holdings in shares of Marcus by 67.7% in the 3rd quarter. Martingale Asset Management L P now owns 78,841 shares of the company’s stock worth $3,316,000 after purchasing an additional 31,835 shares in the last quarter. Man Group plc purchased a new position in shares of Marcus in the 3rd quarter worth about $5,355,000. Finally, AQR Capital Management LLC boosted its holdings in shares of Marcus by 58.6% in the 3rd quarter. AQR Capital Management LLC now owns 42,717 shares of the company’s stock worth $1,796,000 after purchasing an additional 15,778 shares in the last quarter. Hedge funds and other institutional investors own 57.00% 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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Earnings History and Estimates for Marcus (NYSE:MCS)

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