Marcus (NYSE:MCS) Releases Earnings Results, Misses Expectations By $0.12 EPS

Marcus (NYSE:MCSGet Rating) released its quarterly earnings results on Thursday. The company reported ($0.48) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.36) by ($0.12), MarketWatch Earnings reports. Marcus had a negative net margin of 9.45% and a negative return on equity of 10.79%. During the same quarter in the prior year, the firm earned ($0.96) earnings per share.

MCS traded down $0.80 during trading on Friday, reaching $14.59. 287,246 shares of the company’s stock were exchanged, compared to its average volume of 173,725. The stock has a market capitalization of $458.56 million, a P/E ratio of -14.59 and a beta of 1.66. Marcus has a 1 year low of $14.28 and a 1 year high of $22.87. The company’s fifty day simple moving average is $16.89 and its 200-day simple moving average is $17.76. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.47 and a quick ratio of 0.47.

A number of analysts have recently weighed in on the stock. Zacks Investment Research upgraded shares of Marcus from a “hold” rating to a “buy” rating and set a $18.00 price target on the stock in a report on Thursday. StockNews.com lowered shares of Marcus from a “buy” rating to a “hold” rating in a research report on Wednesday, April 20th. TheStreet lowered shares of Marcus from a “c-” rating to a “d+” rating in a research report on Monday, February 7th. Finally, Barrington Research reaffirmed a “buy” rating and issued a $24.00 price objective on shares of Marcus in a research report on Friday. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of $23.75.

Several hedge funds and other institutional investors have recently modified their holdings of the company. BlackRock Inc. grew its stake in shares of Marcus by 1.7% during the 4th quarter. BlackRock Inc. now owns 3,860,292 shares of the company’s stock worth $68,945,000 after purchasing an additional 63,914 shares during the period. State Street Corp grew its stake in Marcus by 3.5% in the 4th quarter. State Street Corp now owns 773,289 shares of the company’s stock valued at $13,811,000 after acquiring an additional 26,452 shares during the period. Goldman Sachs Group Inc. grew its stake in Marcus by 212.7% in the 4th quarter. Goldman Sachs Group Inc. now owns 602,843 shares of the company’s stock valued at $10,767,000 after acquiring an additional 410,078 shares during the period. Geode Capital Management LLC grew its stake in Marcus by 4.4% in the 4th quarter. Geode Capital Management LLC now owns 400,344 shares of the company’s stock valued at $7,150,000 after acquiring an additional 16,714 shares during the period. Finally, Wells Fargo & Company MN grew its stake in Marcus by 16.7% in the 4th quarter. Wells Fargo & Company MN now owns 350,978 shares of the company’s stock valued at $6,268,000 after acquiring an additional 50,348 shares during the period. 79.52% of the stock is currently owned by institutional investors and hedge funds.

About Marcus (Get Rating)

The Marcus Corporation, together with its subsidiaries, owns and operates movie theatres, and hotels and resorts in the United States. It operates in two segments, Theatres, and Hotels and Resorts. The Theatres segment operates multiscreen motion picture theatres, as well as Funset Boulevard, a family entertainment center.

See Also

Earnings History for Marcus (NYSE:MCS)

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