The Marcus Co. (NYSE:MCS) to Post Q3 2024 Earnings of $0.34 Per Share, Barrington Research Forecasts

The Marcus Co. (NYSE:MCS) – Investment analysts at Barrington Research lifted their Q3 2024 earnings per share (EPS) estimates for shares of Marcus in a note issued to investors 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.

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

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

Marcus Trading Down 0.5 %

NYSE:MCS opened at $11.18 on Wednesday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.43 and a current ratio of 0.43. Marcus has a 1 year low of $10.87 and a 1 year high of $16.75. The stock has a market cap of $354.65 million, a P/E ratio of 46.58, a P/E/G ratio of 6.35 and a beta of 1.48. The stock has a 50-day simple moving average of $13.64 and a 200-day simple moving average of $14.17.

Institutional Trading of Marcus

Large investors have recently bought and sold shares of the business. Dimensional Fund Advisors LP raised its holdings in shares of Marcus by 2.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,911,190 shares of the company’s stock valued at $27,865,000 after buying an additional 38,453 shares during the last quarter. Pacer Advisors Inc. purchased a new stake in Marcus during the 4th quarter valued at approximately $15,410,000. Gate City Capital Management LLC acquired a new stake in Marcus during the 4th quarter worth approximately $11,669,000. KLCM Advisors Inc. grew its stake in shares of Marcus by 0.5% in the 4th quarter. KLCM Advisors Inc. now owns 564,964 shares of the company’s stock valued at $8,237,000 after purchasing an additional 2,999 shares during the last quarter. Finally, Invesco Ltd. grew its stake in shares of Marcus by 7.3% in the 3rd quarter. Invesco Ltd. now owns 422,664 shares of the company’s stock valued at $6,551,000 after purchasing an additional 28,936 shares during the last quarter. Institutional investors and hedge funds own 81.57% of the company’s stock.

Marcus Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Monday, March 4th were given a $0.07 dividend. The ex-dividend date was Friday, March 1st. This represents a $0.28 annualized dividend and a yield of 2.50%. Marcus’s dividend payout ratio (DPR) is 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.