The Marcus Co. (NYSE:MCS) Expected to Post Q3 2024 Earnings of $0.29 Per Share

The Marcus Co. (NYSE:MCS) – Research analysts at Barrington Research lifted their Q3 2024 earnings per share (EPS) estimates for Marcus in a report released on Monday, April 22nd. Barrington Research analyst J. Goss now forecasts that the company will earn $0.29 per share for the quarter, up from their previous estimate of $0.28. 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 $0.07 per share. Barrington Research also issued estimates for Marcus’ Q2 2025 earnings at $0.25 EPS, Q3 2025 earnings at $0.32 EPS and Q4 2025 earnings at $0.17 EPS.

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

Several other research firms have also weighed in on MCS. Benchmark restated a “buy” rating and set a $20.00 price objective on shares of Marcus in a research note on Tuesday, March 5th. StockNews.com cut Marcus from a “buy” rating to a “hold” rating in a report on Thursday, February 1st. Finally, B. Riley dropped their price objective on Marcus from $23.00 to $19.00 and set a “buy” rating on the stock in a research note on Tuesday, January 2nd.

Marcus Stock Performance

NYSE MCS opened at $13.55 on Wednesday. The firm’s fifty day moving average price is $14.11 and its two-hundred day moving average price is $14.40. Marcus has a 1 year low of $12.78 and a 1 year high of $17.84. The firm has a market capitalization of $429.81 million, a P/E ratio of 43.71, a price-to-earnings-growth ratio of 12.70 and a beta of 1.47. The company has a current ratio of 0.62, a quick ratio of 0.62 and a debt-to-equity ratio of 0.37.

Marcus Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Monday, March 4th were issued a $0.07 dividend. The ex-dividend date was Friday, March 1st. This represents a $0.28 annualized dividend and a dividend yield of 2.07%. Marcus’s dividend payout ratio is currently 90.32%.

Institutional Trading of Marcus

Hedge funds have recently modified their holdings of the stock. Assenagon Asset Management S.A. grew its stake in Marcus by 27.0% in the 4th quarter. Assenagon Asset Management S.A. now owns 335,302 shares of the company’s stock valued at $4,889,000 after buying an additional 71,189 shares during the last quarter. Pacer Advisors Inc. acquired a new position in shares of Marcus in the fourth quarter valued at approximately $15,410,000. KLCM Advisors Inc. increased its stake in shares of Marcus by 0.5% during the fourth quarter. KLCM Advisors Inc. now owns 564,964 shares of the company’s stock worth $8,237,000 after purchasing an additional 2,999 shares during the period. American Century Companies Inc. lifted its holdings in Marcus by 10.1% during the 3rd quarter. American Century Companies Inc. now owns 282,259 shares of the company’s stock worth $4,375,000 after purchasing an additional 25,867 shares during the last quarter. Finally, WINTON GROUP Ltd boosted its stake in Marcus by 8.3% in the 3rd quarter. WINTON GROUP Ltd now owns 22,650 shares of the company’s stock valued at $351,000 after purchasing an additional 1,735 shares during the period. Institutional investors and hedge funds own 81.57% of the company’s stock.

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.