Barrington Research Weighs in on The Marcus Co.’s Q3 2024 Earnings (NYSE:MCS)

The Marcus Co. (NYSE:MCS) – Research analysts at Barrington Research lifted their Q3 2024 earnings per share estimates for Marcus in a report released on Monday, May 6th. Barrington Research analyst J. Goss now expects that the company will post earnings of $0.34 per share for the quarter, up from their previous forecast of $0.29. Barrington Research has a “Outperform” rating and a $20.00 price target on the stock. The consensus estimate for Marcus’ current full-year earnings is $0.13 per share. Barrington Research also issued estimates for Marcus’ Q4 2024 earnings at $0.16 EPS and FY2024 earnings at $0.26 EPS.

Other analysts have also recently issued research reports about the stock. StockNews.com cut shares of Marcus from a “buy” rating to a “hold” rating in a research note on Thursday, February 1st. Benchmark restated a “buy” rating and set a $20.00 target price on shares of Marcus in a research report on Tuesday, March 5th.

Marcus Trading Up 6.5 %

Shares of Marcus stock opened at $11.90 on Wednesday. Marcus has a 52-week low of $10.87 and a 52-week high of $16.75. The firm has a market capitalization of $377.49 million, a PE ratio of 49.58, a price-to-earnings-growth ratio of 6.35 and a beta of 1.48. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.43 and a quick ratio of 0.43. The company’s fifty day moving average price is $13.58 and its two-hundred day moving average price is $14.15.

Marcus (NYSE:MCS) last released its quarterly earnings data on Thursday, February 29th. The company reported ($0.05) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.17) by $0.12. The business had revenue of $161.53 million for the quarter, compared to analysts’ expectations of $160.75 million. Marcus had a return on equity of 2.66% and a net margin of 1.73%.

Institutional Trading of Marcus

Hedge funds have recently modified their holdings of the company. State Board of Administration of Florida Retirement System acquired a new position in shares of Marcus in the 1st quarter worth approximately $173,000. Avantax Advisory Services Inc. raised its position in Marcus by 5.8% in the 1st quarter. Avantax Advisory Services Inc. now owns 35,462 shares of the company’s stock valued at $506,000 after purchasing an additional 1,947 shares during the last quarter. SG Americas Securities LLC boosted its stake in Marcus by 25.4% in the first quarter. SG Americas Securities LLC now owns 17,417 shares of the company’s stock worth $248,000 after purchasing an additional 3,527 shares in the last quarter. Empowered Funds LLC grew its holdings in shares of Marcus by 8.1% during the first quarter. Empowered Funds LLC now owns 141,822 shares of the company’s stock worth $2,022,000 after purchasing an additional 10,675 shares during the last quarter. Finally, Janney Montgomery Scott LLC increased its stake in shares of Marcus by 9.9% in the first quarter. Janney Montgomery Scott LLC now owns 32,951 shares of the company’s stock valued at $470,000 after buying an additional 2,955 shares in the last quarter. Institutional investors and hedge funds own 81.57% of the company’s stock.

Marcus Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Monday, March 4th were given a $0.07 dividend. The ex-dividend date of this dividend was Friday, March 1st. This represents a $0.28 dividend on an annualized basis and a yield of 2.35%. Marcus’s dividend payout ratio (DPR) is presently 116.67%.

About Marcus

The Marcus Corporation, together with its subsidiaries, owns and operates movie theatres, and hotels and resorts in the United States. It operates a family entertainment center and multiscreen motion picture theatres under the Big Screen Bistro, Big Screen Bistro Express, BistroPlex, and Movie Tavern by Marcus brand names.