Marcus (NYSE:MCS) released its quarterly earnings data on Thursday. The company reported $0.46 EPS for the quarter, topping analysts’ consensus estimates of $0.38 by $0.08, Morningstar.com reports. The company had revenue of $158.16 million for the quarter, compared to the consensus estimate of $156.52 million. Marcus had a return on equity of 9.73% and a net margin of 6.51%. The company’s quarterly revenue was up 14.0% compared to the same quarter last year. During the same period last year, the business posted $0.31 EPS.
Shares of Marcus (MCS) traded up $0.35 during midday trading on Thursday, reaching $26.45. The company’s stock had a trading volume of 28,229 shares, compared to its average volume of 77,950. Marcus has a 12-month low of $23.55 and a 12-month high of $34.90. The company has a current ratio of 0.47, a quick ratio of 0.47 and a debt-to-equity ratio of 0.81. The firm has a market cap of $698.73, a price-to-earnings ratio of 19.03, a PEG ratio of 1.03 and a beta of 0.62.
The business also recently announced a quarterly dividend, which will be paid on Thursday, March 15th. Investors of record on Monday, March 5th will be issued a dividend of $0.15 per share. This is an increase from Marcus’s previous quarterly dividend of $0.13. This represents a $0.60 annualized dividend and a dividend yield of 2.27%. The ex-dividend date of this dividend is Friday, March 2nd. Marcus’s dividend payout ratio (DPR) is presently 35.97%.
Several equities research analysts recently commented on MCS shares. Zacks Investment Research upgraded Marcus from a “hold” rating to a “buy” rating and set a $32.00 target price on the stock in a report on Wednesday, December 20th. B. Riley reiterated a “buy” rating and set a $34.00 target price on shares of Marcus in a report on Tuesday, January 30th. One research analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company. Marcus has a consensus rating of “Hold” and a consensus price target of $34.25.
Hedge funds and other institutional investors have recently modified their holdings of the business. Fieldpoint Private Securities LLC acquired a new stake in Marcus during the 3rd quarter valued at approximately $100,000. Envestnet Asset Management Inc. grew its stake in Marcus by 85.0% during the 3rd quarter. Envestnet Asset Management Inc. now owns 4,169 shares of the company’s stock valued at $116,000 after purchasing an additional 1,916 shares in the last quarter. Municipal Employees Retirement System of Michigan grew its stake in Marcus by 60.2% during the 3rd quarter. Municipal Employees Retirement System of Michigan now owns 7,160 shares of the company’s stock valued at $198,000 after purchasing an additional 2,690 shares in the last quarter. Stifel Financial Corp acquired a new stake in Marcus during the 2nd quarter valued at approximately $211,000. Finally, Stevens Capital Management LP acquired a new stake in Marcus during the 3rd quarter valued at approximately $225,000. Hedge funds and other institutional investors own 60.88% of the company’s stock.
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Marcus Company Profile
The Marcus Corporation operates principally in two business segments: Theatres, and Hotels and Resorts. The Theatres segment operates multiscreen motion picture theatres in Wisconsin, Illinois, Ohio, Minnesota, Iowa, North Dakota and Nebraska, and a family entertainment center in Wisconsin. The Hotels and Resorts segment owns and operates hotels and resorts in Wisconsin, Illinois, Oklahoma and Nebraska, and manages hotels, resorts and other properties in Wisconsin, Minnesota, Texas, Nevada, Georgia, Florida and California.
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