Q3 2016 EPS Estimates for Marcus Corp. Lifted by Analyst (MCS)
Marcus Corp. (NYSE:MCS) – Equities research analysts at B. Riley raised their Q3 2016 earnings per share estimates for Marcus Corp. in a report released on Thursday. B. Riley analyst E. Wold now anticipates that the brokerage will earn $0.39 per share for the quarter, up from their prior estimate of $0.34. B. Riley has a “Buy” rating and a $30.00 price target on the stock. B. Riley also issued estimates for Marcus Corp.’s FY2016 earnings at $1.16 EPS.
Other research analysts have also issued research reports about the company. Benchmark Co. upped their price target on 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 Marcus Corp. from a “hold” rating to a “buy” rating and set a $26.00 price target for the company in a research report on Wednesday, September 14th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $29.30.
Marcus Corp. (NYSE:MCS) opened at 25.16 on Monday. Marcus Corp. has a 12-month low of $17.44 and a 12-month high of $25.63. The company’s 50 day moving average price is $24.05 and its 200-day moving average price is $21.39. The firm has a market capitalization of $693.38 million, a price-to-earnings ratio of 16.36 and a beta of 0.65.
Marcus Corp. (NYSE:MCS) last posted its earnings results on Thursday, July 28th. The company reported $0.34 earnings per share for the quarter, topping analysts’ consensus estimates of $0.29 by $0.05. The business had revenue of $134 million for the quarter, compared to analyst estimates of $129.43 million. Marcus Corp. had a return on equity of 9.45% and a net margin of 6.55%. The firm’s revenue was down 2.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.32 EPS.
Several hedge funds and other institutional investors have recently bought and sold shares of MCS. BlackRock Fund Advisors increased its position in Marcus Corp. by 0.4% in the first quarter. BlackRock Fund Advisors now owns 1,199,234 shares of the company’s stock worth $22,725,000 after buying an additional 5,220 shares during the period. C M Bidwell & Associates Ltd. bought a new stake in Marcus Corp. during the first quarter valued at $174,000. Spark Investment Management LLC bought a new stake in Marcus Corp. during the first quarter valued at $341,000. Goldman Sachs Group Inc. increased its stake in Marcus Corp. by 210.6% in the first quarter. Goldman Sachs Group Inc. now owns 37,607 shares of the company’s stock valued at $713,000 after buying an additional 25,501 shares during the last quarter. Finally, Geode Capital Management LLC increased its stake in Marcus Corp. by 11.3% in the first quarter. Geode Capital Management LLC now owns 128,029 shares of the company’s stock valued at $2,426,000 after buying an additional 13,001 shares during the last quarter. Hedge funds and other institutional investors own 55.93% of the company’s stock.
In other Marcus Corp. news, Director Philip L. Milstein sold 4,000 shares of the company’s stock in a transaction that occurred on Monday, September 26th. The stock was sold at an average price of $24.29, for a total transaction of $97,160.00. Following the transaction, the director now owns 80,213 shares in the company, valued at approximately $1,948,373.77. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, 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 transaction, the chief financial officer now owns 51,002 shares in the company, valued at approximately $1,171,515.94. The disclosure for this sale can be found here. Company insiders own 33.75% of the company’s stock.
The company also recently announced a quarterly dividend, which was paid on Thursday, September 15th. Shareholders of record on Thursday, August 25th were issued a dividend of $0.1125 per share. 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 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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