Q3 2024 EPS Estimates for The Marcus Co. Lifted by Barrington Research (NYSE:MCS)

The Marcus Co. (NYSE:MCS) – Analysts at Barrington Research increased their Q3 2024 earnings estimates for Marcus in a research note issued on Monday, May 6th. Barrington Research analyst J. Goss now anticipates that the company will post earnings per share of $0.34 for the quarter, up from their prior forecast of $0.29. 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 $0.13 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 posted its quarterly earnings results on Thursday, February 29th. The company reported ($0.05) EPS for the quarter, topping analysts’ consensus estimates of ($0.17) by $0.12. Marcus had a return on equity of 2.66% and a net margin of 1.73%. The business had revenue of $161.53 million during the quarter, compared to analysts’ expectations of $160.75 million.

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

Marcus Trading Down 0.3 %

MCS stock opened at $11.24 on Wednesday. Marcus has a one year low of $11.16 and a one year high of $16.75. The stock has a market cap of $356.56 million, a price-to-earnings ratio of 46.83, a price-to-earnings-growth ratio of 6.35 and a beta of 1.48. The company has a fifty day moving average price of $13.71 and a two-hundred day moving average price of $14.19. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.43 and a quick ratio of 0.43.

Marcus Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Monday, March 4th were paid a $0.07 dividend. This represents a $0.28 annualized dividend and a dividend yield of 2.49%. The ex-dividend date was Friday, March 1st. Marcus’s dividend payout ratio (DPR) is currently 116.67%.

Hedge Funds Weigh In On Marcus

A number of hedge funds have recently added to or reduced their stakes in MCS. Dimensional Fund Advisors LP grew its holdings in shares of Marcus by 2.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,911,190 shares of the company’s stock worth $27,865,000 after purchasing an additional 38,453 shares in the last quarter. Pacer Advisors Inc. acquired a new stake in Marcus during the fourth quarter worth about $15,410,000. Gate City Capital Management LLC bought a new position in Marcus in the 4th quarter valued at about $11,669,000. KLCM Advisors Inc. raised its position 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 buying an additional 2,999 shares in the last quarter. Finally, Invesco Ltd. increased its stake in Marcus by 7.3% in the third quarter. Invesco Ltd. now owns 422,664 shares of the company’s stock valued at $6,551,000 after acquiring an additional 28,936 shares during the last quarter. Institutional investors own 81.57% of the company’s stock.

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.