Marcus Co. (MCS) Expected to Announce Earnings of $0.36 Per Share

Brokerages expect Marcus Co. (NYSE:MCS) to report $0.36 earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Two analysts have provided estimates for Marcus’ earnings. Marcus posted earnings per share of $0.33 during the same quarter last year, which would indicate a positive year-over-year growth rate of 9.1%. The firm is expected to announce its next quarterly earnings report before the market opens on Thursday, April 26th.

According to Zacks, analysts expect that Marcus will report full year earnings of $1.71 per share for the current fiscal year, with EPS estimates ranging from $1.65 to $1.77. For the next fiscal year, analysts forecast that the company will report earnings of $1.88 per share, with EPS estimates ranging from $1.85 to $1.90. Zacks’ earnings per share calculations are an average based on a survey of research firms that follow Marcus.

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Marcus (NYSE:MCS) last announced its earnings results on Thursday, February 22nd. The company reported $0.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.38 by $0.08. The business had revenue of $158.16 million for the quarter, compared to analysts’ expectations of $156.52 million. Marcus had a return on equity of 10.48% and a net margin of 10.44%. The business’s revenue for the quarter was up 14.0% on a year-over-year basis. During the same period last year, the firm posted $0.31 earnings per share.

Several research analysts have issued reports on MCS shares. Barrington Research reissued a “buy” rating and issued a $36.00 target price on shares of Marcus in a research report on Monday, February 26th. B. Riley reaffirmed a “buy” rating and set a $36.00 price objective (up from $34.00) on shares of Marcus in a research report on Friday, February 23rd. Finally, Zacks Investment Research raised Marcus from a “sell” rating to a “hold” rating and set a $30.00 price objective on the stock in a research report on Wednesday, February 28th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $34.00.

In related news, Director Diane M. Gershowitz sold 12,750 shares of the business’s stock in a transaction that occurred on Friday, April 6th. The stock was sold at an average price of $30.86, for a total value of $393,465.00. Following the transaction, the director now directly owns 7,482 shares of the company’s stock, valued at approximately $230,894.52. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, VP Thomas F. Kissinger sold 7,500 shares of the business’s stock in a transaction that occurred on Monday, March 19th. The stock was sold at an average price of $30.62, for a total value of $229,650.00. Following the completion of the transaction, the vice president now directly owns 84,843 shares in the company, valued at $2,597,892.66. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 44,250 shares of company stock worth $1,343,255. Insiders own 32.88% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of MCS. Envestnet Asset Management Inc. lifted its holdings in Marcus by 85.0% in the 3rd quarter. Envestnet Asset Management Inc. now owns 4,169 shares of the company’s stock worth $116,000 after purchasing an additional 1,916 shares in the last quarter. Eqis Capital Management Inc. lifted its holdings in Marcus by 28.4% in the 4th quarter. Eqis Capital Management Inc. now owns 10,960 shares of the company’s stock worth $300,000 after purchasing an additional 2,424 shares in the last quarter. Fuller & Thaler Asset Management Inc. lifted its holdings in Marcus by 76.0% in the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 13,200 shares of the company’s stock worth $361,000 after purchasing an additional 5,700 shares in the last quarter. Monarch Partners Asset Management LLC lifted its holdings in Marcus by 49.9% in the 4th quarter. Monarch Partners Asset Management LLC now owns 15,215 shares of the company’s stock worth $416,000 after purchasing an additional 5,065 shares in the last quarter. Finally, First Trust Advisors LP lifted its holdings in Marcus by 14.9% in the 4th quarter. First Trust Advisors LP now owns 17,449 shares of the company’s stock worth $477,000 after purchasing an additional 2,263 shares in the last quarter. 60.35% of the stock is currently owned by institutional investors.

Shares of NYSE:MCS opened at $31.05 on Friday. The stock has a market capitalization of $865.76, a price-to-earnings ratio of 20.16, a PEG ratio of 1.21 and a beta of 0.47. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.48 and a current ratio of 0.48. Marcus has a 52-week low of $23.55 and a 52-week high of $34.90.

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Marcus Company Profile

The Marcus Corporation, together with its subsidiaries, owns and operates movie theatres, and hotels and resorts. As of December 28, 2017, the company operated approximately 69 movie theatres with 895 screens in Wisconsin, Illinois, Iowa, Minnesota, Missouri, Nebraska, North Dakota, and Ohio; owned or managed approximately 4,841 hotel and resort rooms; and 19 hotels, resorts, and other properties for third parties in nine states.

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Earnings History and Estimates for Marcus (NYSE:MCS)

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