The Marcus Co. (NYSE:MCS) Forecasted to Earn Q3 2024 Earnings of $0.34 Per Share

The Marcus Co. (NYSE:MCS) – Equities research analysts at Barrington Research upped their Q3 2024 earnings estimates for shares of Marcus in a research note issued to investors on Monday, May 6th. Barrington Research analyst J. Goss now forecasts that the company will earn $0.34 per share for the quarter, up from their previous 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 earnings results on Thursday, February 29th. The company reported ($0.05) EPS for the quarter, topping the consensus estimate 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.

Several other research firms have also recently weighed in on MCS. StockNews.com cut shares of Marcus from a “buy” rating to a “hold” rating in a research report on Thursday, February 1st. Benchmark restated a “buy” rating and set a $20.00 price target on shares of Marcus in a research report on Tuesday, March 5th.

Marcus Trading Down 0.3 %

Shares of MCS opened at $11.24 on Wednesday. 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 has a 1-year low of $11.16 and a 1-year high of $16.75. The company has a market capitalization of $356.56 million, a P/E ratio of 46.83, a P/E/G ratio of 6.35 and a beta of 1.48. The firm’s 50 day simple moving average is $13.71 and its 200 day simple moving average is $14.19.

Marcus Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Monday, March 4th were issued a dividend of $0.07 per share. 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 is currently 116.67%.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Parallel Advisors LLC grew its position in Marcus by 193.2% during the 4th quarter. Parallel Advisors LLC now owns 1,891 shares of the company’s stock worth $28,000 after acquiring an additional 1,246 shares during the last quarter. GAMMA Investing LLC purchased a new position in shares of Marcus in the fourth quarter worth $33,000. Cornerstone Investment Partners LLC bought a new stake in Marcus during the 1st quarter valued at $169,000. Louisiana State Employees Retirement System purchased a new stake in Marcus during the 4th quarter valued at $179,000. Finally, SG Americas Securities LLC bought a new stake in Marcus in the 3rd quarter worth $210,000. Hedge funds and other institutional investors 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.