Marcus Corp. Forecasted to Earn Q4 2017 Earnings of $0.26 Per Share (MCS)
Marcus Corp. (NYSE:MCS) – Research analysts at Barrington Research cut their Q4 2017 EPS estimates for Marcus Corp. in a note issued to investors on Monday. Barrington Research analyst J. Goss now forecasts that the brokerage will post earnings of $0.26 per share for the quarter, down from their prior forecast of $0.29.
A number of other brokerages have also recently commented on MCS. Zacks Investment Research raised Marcus Corp. from a “hold” rating to a “buy” rating and set a $28.00 target price on the stock in a report on Wednesday, September 28th. Benchmark Co. raised their price target on Marcus Corp. from $26.11 to $28.19 and gave the company a “buy” rating in a report on Monday, September 26th. Finally, B. Riley reissued a “buy” rating and set a $30.00 price target 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. Marcus Corp. currently has a consensus rating of “Buy” and a consensus price target of $29.30.
Shares of Marcus Corp. (NYSE:MCS) traded up 1.40% during midday trading on Tuesday, reaching $25.34. The company had a trading volume of 21,969 shares. The firm has a market capitalization of $698.35 million, a price-to-earnings ratio of 16.48 and a beta of 0.65. The stock has a 50-day moving average of $24.29 and a 200 day moving average of $21.58. Marcus Corp. has a 52 week low of $17.44 and a 52 week high of $25.63.
Marcus Corp. (NYSE:MCS) last issued its earnings results on Thursday, July 28th. The company reported $0.34 earnings per share for the quarter, beating the consensus estimate of $0.29 by $0.05. The company earned $134 million during the quarter, compared to analysts’ expectations of $129.43 million. Marcus Corp. had a return on equity of 9.45% and a net margin of 6.55%. Marcus Corp.’s quarterly revenue was down 2.0% compared to the same quarter last year. During the same period in the prior year, the business posted $0.32 EPS.
In other news, CFO Douglas A. Neis sold 2,500 shares of Marcus Corp. stock in a transaction dated Thursday, August 18th. The stock was 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 of the company’s stock, valued at $1,171,515.94. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Thomas F. Kissinger sold 1,500 shares of Marcus Corp. stock in a transaction dated Wednesday, August 17th. The stock was sold at an average price of $23.05, for a total value of $34,575.00. Following the completion of the sale, the vice president now directly 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 owned by insiders.
Several large investors have recently modified their holdings of MCS. California State Teachers Retirement System boosted its stake in shares of Marcus Corp. by 0.4% in the second quarter. California State Teachers Retirement System now owns 39,016 shares of the company’s stock valued at $823,000 after buying an additional 162 shares during the period. Savant Capital LLC boosted its stake in shares of Marcus Corp. by 1.4% in the second quarter. Savant Capital LLC now owns 35,900 shares of the company’s stock valued at $757,000 after buying an additional 479 shares during the period. Alliancebernstein L.P. boosted its stake in shares of Marcus Corp. by 3.3% in the second quarter. Alliancebernstein L.P. now owns 18,900 shares of the company’s stock valued at $399,000 after buying an additional 600 shares during the period. Teachers Advisors Inc. boosted its stake in shares of Marcus Corp. by 3.0% in the second quarter. Teachers Advisors Inc. now owns 32,384 shares of the company’s stock valued at $683,000 after buying an additional 943 shares during the period. Finally, Schwab Charles Investment Management Inc. boosted its stake in shares of 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 during the period. 55.91% of the stock is currently owned by hedge funds and other institutional investors.
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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