Marcus Corp (NYSE:MCS) declared a quarterly dividend on Thursday, August 1st, Zacks reports. Investors of record on Monday, August 26th will be paid a dividend of 0.16 per share on Monday, September 16th. This represents a $0.64 dividend on an annualized basis and a yield of 1.84%. The ex-dividend date of this dividend is Friday, August 23rd.
Marcus has raised its dividend by an average of 13.5% annually over the last three years and has raised its dividend annually for the last 7 consecutive years. Marcus has a payout ratio of 36.4% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Marcus to earn $2.08 per share next year, which means the company should continue to be able to cover its $0.64 annual dividend with an expected future payout ratio of 30.8%.
Shares of MCS opened at $34.80 on Wednesday. The firm has a 50-day moving average price of $34.09 and a 200 day moving average price of $37.23. The firm has a market capitalization of $1.08 billion, a PE ratio of 17.94, a P/E/G ratio of 1.27 and a beta of 0.57. The company has a quick ratio of 0.39, a current ratio of 0.39 and a debt-to-equity ratio of 0.80. Marcus has a 52-week low of $31.90 and a 52-week high of $45.82.
Marcus (NYSE:MCS) last announced its earnings results on Thursday, July 25th. The company reported $0.64 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.61 by $0.03. The firm had revenue of $232.50 million during the quarter, compared to analyst estimates of $227.65 million. Marcus had a net margin of 6.00% and a return on equity of 9.59%. On average, equities analysts expect that Marcus will post 1.84 EPS for the current year.
A number of equities analysts recently issued reports on the stock. ValuEngine lowered shares of Marcus from a “buy” rating to a “hold” rating in a research report on Friday, May 17th. B. Riley upgraded shares of Marcus from a “neutral” rating to a “buy” rating and increased their target price for the company from $41.00 to $46.00 in a research report on Friday, April 26th. Finally, Zacks Investment Research lowered shares of Marcus from a “buy” rating to a “hold” rating in a research report on Friday, July 19th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Marcus currently has a consensus rating of “Buy” and a consensus price target of $44.50.
The Marcus Corporation, together with its subsidiaries, owns and operates movie theatres, and hotels and resorts in the United States. As of March 12, 2019, it owned or operated 1,098 screens at 90 locations in 17 states; and owned and managed 21 hotels, resorts, and other properties in nine states. The company also operates a family entertainment center under the Funset Boulevard name in Appleton, Wisconsin, as well as owns and operates a retail outlet under the name of Ronnie's Plaza.
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