Marcus Corp. Expected to Post Q3 2016 Earnings of $0.46 Per Share (MCS)
Marcus Corp. (NYSE:MCS) – Research analysts at Barrington Research boosted their Q3 2016 EPS estimates for shares of Marcus Corp. in a research report issued on Monday. Barrington Research analyst J. Goss now expects that the firm will earn $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 announced its quarterly earnings data on Thursday, July 28th. The company reported $0.34 EPS for the quarter, beating the consensus estimate of $0.29 by $0.05. Marcus Corp. had a net margin of 6.55% and a return on equity of 9.45%. The business earned $134 million during the quarter, compared to the consensus estimate of $129.43 million. The company’s revenue was down 2.0% on a year-over-year basis. During the same period in the previous year, the business earned $0.32 earnings per share.
Other research analysts also recently issued reports about the stock. Benchmark Co. increased their target price on shares of Marcus Corp. from $26.11 to $28.19 and gave the company a “buy” rating in a research report on Monday, September 26th. Zacks Investment Research raised shares of Marcus Corp. from a “hold” rating to a “buy” rating and set a $26.00 price objective for the company in a report on Wednesday, September 14th. Finally, B. Riley reaffirmed a “buy” rating and issued a $30.00 price objective on shares of Marcus Corp. in a report on Tuesday, August 23rd. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Marcus Corp. currently has an average rating of “Buy” and an average price target of $29.30.
Shares of Marcus Corp. (NYSE:MCS) opened at 25.24 on Thursday. Marcus Corp. has a 1-year low of $17.44 and a 1-year high of $25.49. The firm’s 50 day moving average is $23.95 and its 200-day moving average is $21.27. The company has a market cap of $695.59 million, a PE ratio of 16.41 and a beta of 0.66.
A number of hedge funds have recently bought and sold shares of MCS. BNP Paribas Arbitrage SA boosted its stake in Marcus Corp. by 114.1% in the second quarter. BNP Paribas Arbitrage SA now owns 5,818 shares of the company’s stock valued at $123,000 after buying an additional 3,100 shares in the last quarter. C M Bidwell & Associates Ltd. purchased a new stake in Marcus Corp. during the first quarter valued at about $174,000. Arizona State Retirement System purchased a new stake in Marcus Corp. during the second quarter valued at about $206,000. BlackRock Inc. boosted its stake in Marcus Corp. by 615.1% in the second quarter. BlackRock Inc. now owns 10,090 shares of the company’s stock valued at $213,000 after buying an additional 8,679 shares in the last quarter. Finally, Bank of Montreal Can purchased a new stake in Marcus Corp. during the second quarter valued at about $251,000. Institutional investors and hedge funds own 55.93% of the company’s stock.
In other Marcus Corp. news, CFO Douglas A. Neis sold 2,500 shares of the stock in a transaction that occurred on Thursday, August 18th. The shares were sold at an average price of $22.97, for a total value of $57,425.00. Following the sale, the chief financial officer now directly owns 51,002 shares in the company, valued at approximately $1,171,515.94. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Thomas F. Kissinger sold 1,500 shares of the stock in a transaction that occurred on Wednesday, August 17th. The stock was sold at an average price of $23.05, for a total transaction of $34,575.00. Following the completion of the sale, the vice president now owns 47,254 shares in the company, valued at $1,089,204.70. The disclosure for this sale can be found here. 33.75% of the stock is currently owned by corporate insiders.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 15th. Investors of record on Thursday, August 25th were issued a $0.1125 dividend. This represents a $0.45 annualized dividend and a yield of 1.78%. The ex-dividend date of this dividend was Tuesday, August 23rd. Marcus Corp.’s dividend payout ratio (DPR) is presently 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.
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