Wall Street analysts forecast that Marcus Corp (NYSE:MCS) will announce sales of $209.81 million for the current quarter, Zacks reports. Two analysts have issued estimates for Marcus’ earnings. The highest sales estimate is $210.80 million and the lowest is $208.81 million. Marcus reported sales of $170.60 million in the same quarter last year, which would suggest a positive year over year growth rate of 23%. The business is scheduled to announce its next quarterly earnings report on Thursday, October 24th.

On average, analysts expect that Marcus will report full-year sales of $838.05 million for the current fiscal year, with estimates ranging from $836.90 million to $839.20 million. For the next year, analysts forecast that the firm will report sales of $887.25 million, with estimates ranging from $881.50 million to $892.99 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side analysts that cover Marcus.

Marcus (NYSE:MCS) last issued its earnings results on Thursday, July 25th. The company reported $0.64 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.61 by $0.03. Marcus had a net margin of 6.00% and a return on equity of 9.59%. The business had revenue of $232.50 million for the quarter, compared to analysts’ expectations of $227.65 million.

A number of equities research analysts have issued reports on the stock. Zacks Investment Research cut shares of Marcus from a “buy” rating to a “hold” rating in a report on Friday, July 19th. ValuEngine cut shares of Marcus from a “buy” rating to a “hold” rating in a report on Friday, May 17th. Finally, B. Riley raised shares of Marcus from a “neutral” rating to a “buy” rating and boosted their target price for the company from $41.00 to $46.00 in a report on Friday, April 26th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Marcus presently has a consensus rating of “Buy” and a consensus price target of $44.50.

Several institutional investors have recently added to or reduced their stakes in the company. Financial Gravity Wealth Inc. grew its position in Marcus by 3,288.9% in the second quarter. Financial Gravity Wealth Inc. now owns 915 shares of the company’s stock worth $30,000 after acquiring an additional 888 shares in the last quarter. DekaBank Deutsche Girozentrale purchased a new position in Marcus in the second quarter worth $38,000. NumerixS Investment Technologies Inc purchased a new position in Marcus in the second quarter worth $56,000. Zurcher Kantonalbank Zurich Cantonalbank grew its position in Marcus by 147.8% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,158 shares of the company’s stock worth $86,000 after acquiring an additional 1,287 shares in the last quarter. Finally, Marshall Wace North America L.P. purchased a new position in Marcus in the first quarter worth $99,000. 64.16% of the stock is currently owned by hedge funds and other institutional investors.

MCS stock traded down $1.87 during midday trading on Friday, reaching $34.39. 298,400 shares of the company’s stock traded hands, compared to its average volume of 203,896. The firm has a 50-day moving average price of $33.81. The company has a debt-to-equity ratio of 0.80, a current ratio of 0.39 and a quick ratio of 0.39. Marcus has a 52 week low of $31.90 and a 52 week high of $45.82. The stock has a market capitalization of $1.11 billion, a price-to-earnings ratio of 17.73, a PEG ratio of 1.31 and a beta of 0.57.

The company also recently declared a quarterly dividend, which will be paid on Monday, September 16th. Stockholders of record on Monday, August 26th will be issued a $0.16 dividend. The ex-dividend date of this dividend is Friday, August 23rd. This represents a $0.64 annualized dividend and a dividend yield of 1.86%. Marcus’s payout ratio is currently 32.99%.

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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