Marcus Corporation (The) (NYSE:MCS) Declares $0.08 Quarterly Dividend

Marcus Corporation (The) (NYSE:MCS) announced a quarterly dividend on Thursday, May 21st. Stockholders of record on Monday, June 1st will be given a dividend of 0.08 per share on Monday, June 15th. This represents a c) annualized dividend and a dividend yield of 1.7%. The ex-dividend date is Monday, June 1st.

Marcus has increased its dividend by an average of 0.1%per year over the last three years and has raised its dividend every year for the last 2 years. Marcus has a dividend payout ratio of 47.8% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Marcus to earn $0.65 per share next year, which means the company should continue to be able to cover its $0.32 annual dividend with an expected future payout ratio of 49.2%.

Marcus Trading Up 0.7%

NYSE MCS opened at $18.30 on Friday. The company has a market cap of $562.35 million, a PE ratio of 42.56, a PEG ratio of 2.56 and a beta of 0.53. The company has a current ratio of 0.35, a quick ratio of 0.35 and a debt-to-equity ratio of 0.41. Marcus has a 12 month low of $12.85 and a 12 month high of $20.02. The stock has a 50 day moving average of $17.75 and a 200-day moving average of $16.41.

Marcus (NYSE:MCS) last posted its quarterly earnings results on Thursday, April 30th. The company reported ($0.51) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.54) by $0.03. Marcus had a return on equity of 0.79% and a net margin of 1.85%.The business had revenue of $154.40 million for the quarter, compared to analysts’ expectations of $148.78 million. On average, equities research analysts anticipate that Marcus will post 0.47 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

MCS has been the topic of a number of research analyst reports. B. Riley Financial restated a “buy” rating on shares of Marcus in a research note on Friday, April 17th. Zacks Research upgraded Marcus from a “strong sell” rating to a “hold” rating in a research note on Monday, March 23rd. Weiss Ratings cut Marcus from a “hold (c)” rating to a “hold (c-)” rating in a research note on Monday, May 4th. Wedbush increased their price target on Marcus from $22.00 to $23.00 and gave the company an “outperform” rating in a research note on Thursday, April 30th. Finally, Barrington Research restated an “outperform” rating and issued a $25.00 price target on shares of Marcus in a research note on Monday, May 4th. Four equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $23.33.

Marcus Company Profile

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. The company also owns and operates full-service hotels and resorts, as well as manages full-service hotels, resorts, and other properties. In addition, it provides hospitality management services, including check-in, housekeeping, and maintenance for a vacation ownership development; and manages condominium hotels under long-term management contracts.