FY2022 EPS Estimates for The Marcus Co. (NYSE:MCS) Lifted by Barrington Research

The Marcus Co. (NYSE:MCSGet Rating) – Analysts at Barrington Research increased their FY2022 earnings estimates for Marcus in a report issued on Monday, November 7th. Barrington Research analyst J. Goss now expects that the company will post earnings of ($0.05) per share for the year, up from their previous forecast of ($0.06). The consensus estimate for Marcus’ current full-year earnings is ($0.03) per share. Barrington Research also issued estimates for Marcus’ Q1 2023 earnings at ($0.08) EPS, Q3 2023 earnings at $0.19 EPS, Q4 2023 earnings at $0.00 EPS, FY2023 earnings at $0.24 EPS and FY2024 earnings at $0.39 EPS.

MCS has been the topic of several other research reports. Benchmark dropped their price objective on shares of Marcus from $25.00 to $22.00 and set a “buy” rating on the stock in a report on Friday, October 7th. StockNews.com lowered shares of Marcus from a “buy” rating to a “hold” rating in a report on Friday, November 4th. TheStreet lowered shares of Marcus from a “c” rating to a “d+” rating in a report on Monday. Finally, B. Riley decreased their target price on shares of Marcus from $28.00 to $22.00 and set a “buy” rating for the company in a research report on Wednesday, October 12th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $23.25.

Marcus Price Performance

Shares of NYSE MCS opened at $15.41 on Thursday. The firm’s 50-day moving average price is $15.00 and its 200-day moving average price is $15.41. Marcus has a 1-year low of $13.41 and a 1-year high of $22.32. The firm has a market capitalization of $487.09 million, a P/E ratio of 385.25 and a beta of 1.54. The company has a current ratio of 0.43, a quick ratio of 0.43 and a debt-to-equity ratio of 0.50.

Institutional Investors Weigh In On Marcus

A number of institutional investors have recently added to or reduced their stakes in MCS. Avantax Advisory Services Inc. bought a new stake in Marcus in the 1st quarter worth about $453,000. Savant Capital LLC grew its position in Marcus by 28.9% in the 1st quarter. Savant Capital LLC now owns 66,646 shares of the company’s stock worth $1,180,000 after purchasing an additional 14,956 shares in the last quarter. Royce & Associates LP grew its position in shares of Marcus by 4.0% during the 1st quarter. Royce & Associates LP now owns 624,059 shares of the company’s stock valued at $11,046,000 after acquiring an additional 24,200 shares during the period. Trilantic Capital Management L.P. grew its position in shares of Marcus by 27.0% during the 1st quarter. Trilantic Capital Management L.P. now owns 266,644 shares of the company’s stock valued at $4,720,000 after acquiring an additional 56,749 shares during the period. Finally, Swiss National Bank grew its position in shares of Marcus by 7.9% during the 1st quarter. Swiss National Bank now owns 51,700 shares of the company’s stock valued at $915,000 after acquiring an additional 3,800 shares during the period. 75.23% of the stock is owned by institutional investors.

Marcus Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 15th. Shareholders of record on Friday, November 25th will be given a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 1.30%. The ex-dividend date of this dividend is Wednesday, November 23rd. Marcus’s payout ratio is 500.00%.

About Marcus

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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.

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Earnings History and Estimates for Marcus (NYSE:MCS)

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