The Marcus Co. (NYSE:MCS) to Post Q1 2024 Earnings of ($0.36) Per Share, Barrington Research Forecasts

The Marcus Co. (NYSE:MCS) – Analysts at Barrington Research increased their Q1 2024 earnings estimates for shares of Marcus in a research report issued to clients and investors on Monday, April 22nd. Barrington Research analyst J. Goss now anticipates that the company will earn ($0.36) per share for the quarter, up from their previous forecast of ($0.42). Barrington Research currently has a “Outperform” rating and a $20.00 target price on the stock. The consensus estimate for Marcus’ current full-year earnings is $0.07 per share. Barrington Research also issued estimates for Marcus’ Q2 2024 earnings at $0.12 EPS, FY2024 earnings at $0.24 EPS, Q1 2025 earnings at ($0.19) EPS, FY2025 earnings at $54.00 EPS and FY2026 earnings at $0.67 EPS.

A number of other brokerages also recently issued reports on MCS. Benchmark restated a “buy” rating and set a $20.00 price target on shares of Marcus in a report on Tuesday, March 5th. B. Riley lowered their price objective on shares of Marcus from $23.00 to $19.00 and set a “buy” rating for the company in a research report on Tuesday, January 2nd. Finally, StockNews.com cut shares of Marcus from a “buy” rating to a “hold” rating in a research report on Thursday, February 1st.

Marcus Stock Down 1.3 %

MCS stock opened at $13.47 on Thursday. The company has a market cap of $427.27 million, a price-to-earnings ratio of 43.45, a PEG ratio of 12.90 and a beta of 1.47. The company has a current ratio of 0.62, a quick ratio of 0.62 and a debt-to-equity ratio of 0.37. Marcus has a 12 month low of $12.78 and a 12 month high of $17.84. The firm has a 50-day moving average of $14.09 and a two-hundred day moving average of $14.39.

Marcus (NYSE:MCS) last released its quarterly earnings data on Thursday, February 29th. The company reported ($0.05) EPS for the quarter, beating analysts’ consensus estimates of ($0.17) by $0.12. The company had revenue of $161.53 million during the quarter, compared to the consensus estimate of $160.75 million. Marcus had a net margin of 2.03% and a return on equity of 3.19%.

Institutional Investors Weigh In On Marcus

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Dimensional Fund Advisors LP boosted its holdings in shares of Marcus by 2.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,911,190 shares of the company’s stock valued at $27,865,000 after acquiring an additional 38,453 shares in the last quarter. Pacer Advisors Inc. purchased a new stake in shares of Marcus in the fourth quarter valued at about $15,410,000. Gate City Capital Management LLC purchased a new stake in shares of Marcus in the fourth quarter valued at about $11,669,000. KLCM Advisors Inc. lifted its holdings in shares of Marcus by 0.5% in the fourth quarter. KLCM Advisors Inc. now owns 564,964 shares of the company’s stock valued at $8,237,000 after purchasing an additional 2,999 shares in the last quarter. Finally, Invesco Ltd. raised its position in shares of 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 buying an additional 28,936 shares during the last quarter. 81.57% of the stock is currently owned by institutional investors and hedge funds.

Marcus Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Monday, March 4th were given a dividend of $0.07 per share. The ex-dividend date was Friday, March 1st. This represents a $0.28 annualized dividend and a dividend yield of 2.08%. Marcus’s dividend payout ratio (DPR) is currently 90.32%.

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.