The Marcus Co. (NYSE:MCS) to Post Q1 2024 Earnings of ($0.36) Per Share, Barrington Research Forecasts

The Marcus Co. (NYSE:MCS) – Investment analysts at Barrington Research increased their Q1 2024 earnings estimates for shares of Marcus in a report released on Monday, April 22nd. Barrington Research analyst J. Goss now expects that the company will earn ($0.36) per share for the quarter, up from their prior forecast of ($0.42). Barrington Research has a “Outperform” rating and a $20.00 price objective on the stock. The consensus estimate for Marcus’ current full-year earnings is $0.07 per share. Barrington Research also issued estimates for Marcus’ Q2 2024 earnings at $0.12 EPS, FY2024 earnings at $0.24 EPS, Q1 2025 earnings at ($0.19) EPS, FY2025 earnings at $54.00 EPS and FY2026 earnings at $0.67 EPS.

A number of other analysts also recently weighed in on MCS. StockNews.com downgraded shares of Marcus from a “buy” rating to a “hold” rating in a report on Thursday, February 1st. Benchmark reaffirmed a “buy” rating and set a $20.00 price objective on shares of Marcus in a report on Tuesday, March 5th. Finally, B. Riley reduced their price objective on shares of Marcus from $23.00 to $19.00 and set a “buy” rating for the company in a report on Tuesday, January 2nd.

Marcus Stock Performance

NYSE:MCS opened at $13.47 on Thursday. Marcus has a 1 year low of $12.78 and a 1 year high of $17.84. The firm’s fifty day simple moving average is $14.09 and its 200 day simple moving average is $14.39. The company has a current ratio of 0.62, a quick ratio of 0.62 and a debt-to-equity ratio of 0.37. The firm has a market capitalization of $427.27 million, a PE ratio of 43.45, a PEG ratio of 12.90 and a beta of 1.47.

Marcus (NYSE:MCS) last announced its quarterly earnings results on Thursday, February 29th. The company reported ($0.05) EPS for the quarter, topping the consensus estimate of ($0.17) by $0.12. Marcus had a net margin of 2.03% and a return on equity of 3.19%. The company had revenue of $161.53 million for the quarter, compared to analyst estimates of $160.75 million.

Institutional Trading of Marcus

A number of large investors have recently added to or reduced their stakes in the company. Parallel Advisors LLC raised its position in shares of Marcus by 193.2% in the fourth quarter. Parallel Advisors LLC now owns 1,891 shares of the company’s stock valued at $28,000 after purchasing an additional 1,246 shares during the period. GAMMA Investing LLC bought a new position in Marcus during the fourth quarter worth about $33,000. Louisiana State Employees Retirement System bought a new position in Marcus during the fourth quarter worth about $179,000. SG Americas Securities LLC bought a new position in Marcus during the third quarter worth about $210,000. Finally, Illinois Municipal Retirement Fund bought a new position in Marcus during the third quarter worth about $212,000. Institutional investors and hedge funds own 81.57% of the company’s stock.

Marcus Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Monday, March 4th were issued a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a yield of 2.08%. The ex-dividend date was Friday, March 1st. Marcus’s payout ratio is 90.32%.

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.