Barrington Research Analysts Lift Earnings Estimates for Marcus Corp. (MCS)
Marcus Corp. (NYSE:MCS) – Equities researchers at Barrington Research increased their Q3 2016 earnings per share estimates for shares of Marcus Corp. in a note issued to investors on Monday. Barrington Research analyst J. Goss now expects that the firm will post earnings of $0.46 per share for the quarter, up from their previous forecast of $0.42. Barrington Research also issued estimates for Marcus Corp.’s Q4 2016 earnings at $0.16 EPS.
Marcus Corp. (NYSE:MCS) last issued its quarterly earnings results on Thursday, July 28th. The company reported $0.34 earnings per share for the quarter, beating analysts’ consensus estimates of $0.29 by $0.05. Marcus Corp. had a net margin of 6.55% and a return on equity of 9.45%. The firm earned $134 million during the quarter, compared to the consensus estimate of $129.43 million. During the same period in the prior year, the firm earned $0.32 EPS. The business’s revenue was down 2.0% on a year-over-year basis.
Several other equities research analysts have also recently weighed in on the stock. Zacks Investment Research raised shares of Marcus Corp. from a “hold” rating to a “buy” rating and set a $28.00 price objective for the company in a research report on Friday. Benchmark Co. increased their target price on shares of Marcus Corp. from $26.11 to $28.19 and gave the stock a “buy” rating in a report on Monday, September 26th. Finally, B. Riley reissued a “buy” rating and issued a $30.00 target price on shares of Marcus Corp. in a report on Tuesday, August 23rd. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $29.30.
Shares of Marcus Corp. (NYSE:MCS) opened at 25.15 on Thursday. The company has a market capitalization of $693.11 million, a P/E ratio of 16.35 and a beta of 0.66. The firm has a 50-day moving average of $24.00 and a 200-day moving average of $21.31. Marcus Corp. has a one year low of $17.44 and a one year high of $25.49.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Schwab Charles Investment Management Inc. increased its position in Marcus Corp. by 1.7% in the second quarter. Schwab Charles Investment Management Inc. now owns 57,276 shares of the company’s stock valued at $1,209,000 after buying an additional 966 shares in the last quarter. Arizona State Retirement System purchased a new position in Marcus Corp. during the second quarter valued at about $206,000. AQR Capital Management LLC increased its position in Marcus Corp. by 6.0% in the second quarter. AQR Capital Management LLC now owns 27,342 shares of the company’s stock valued at $577,000 after buying an additional 1,556 shares in the last quarter. Panagora Asset Management Inc. increased its position in Marcus Corp. by 5.9% in the second quarter. Panagora Asset Management Inc. now owns 150,217 shares of the company’s stock valued at $3,170,000 after buying an additional 8,335 shares in the last quarter. Finally, Mairs & Power INC purchased a new position in Marcus Corp. during the second quarter valued at about $2,986,000. 55.93% of the stock is owned by institutional investors.
In other news, CFO Douglas A. Neis sold 2,500 shares of the company’s stock in a transaction that occurred on Thursday, August 18th. The stock was sold at an average price of $22.97, for a total value of $57,425.00. Following the completion of the transaction, the chief financial officer now owns 51,002 shares of the company’s stock, valued at $1,171,515.94. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Philip L. Milstein sold 4,000 shares of the company’s stock in a transaction that occurred on Monday, September 26th. The shares were sold at an average price of $24.29, for a total value of $97,160.00. Following the completion of the transaction, the director now directly owns 80,213 shares of the company’s stock, valued at approximately $1,948,373.77. The disclosure for this sale can be found here. 33.75% of the stock is currently owned by insiders.
The business also recently announced a quarterly dividend, which was paid on Thursday, September 15th. Stockholders of record on Thursday, August 25th were issued a $0.1125 dividend. The ex-dividend date was Tuesday, August 23rd. This represents a $0.45 dividend on an annualized basis and a dividend yield of 1.79%. Marcus Corp.’s dividend payout ratio (DPR) is currently 36.00%.
Marcus Corp. Company Profile
The Marcus Corporation owns and operates movie theatres, and hotels and resorts. The Company operates through two business segments: movie theatres, and hotels and resorts. Its theatre operations include around 55 movie theatres with around 681 screens throughout Wisconsin, Illinois, Iowa, Minnesota, Nebraska, North Dakota and Ohio, including two movie theatres with 11 screens in Wisconsin and Nebraska owned by third parties and managed by it.
Receive News & Ratings for Marcus Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Marcus Corp. and related companies with MarketBeat.com's FREE daily email newsletter.