The Marcus Sets New 52-Week High at $18.40 (MCS)
The Marcus (NYSE:MCS)’s share price reached a new 52-week high during trading on Friday , Analyst Ratings Network reports. The company traded as high as $18.40 and last traded at $18.15, with a volume of 46,837 shares. The stock had previously closed at $17.43.
Several analysts have recently commented on the stock. Analysts at Zacks downgraded shares of The Marcus from an “outperform” rating to a “neutral” rating in a research note on Wednesday, April 23rd. They now have a $18.90 price target on the stock. Separately, analysts at B. Riley downgraded shares of The Marcus from a “buy” rating to a “neutral” rating in a research note on Thursday, April 3rd. They now have a $18.00 price target on the stock. They noted that the move was a valuation call.
The stock has a 50-day moving average of $16.85 and a 200-day moving average of $14.96. The company has a market cap of $490.1 million and a price-to-earnings ratio of 19.50.
The Marcus (NYSE:MCS) last announced its earnings results on Thursday, March 20th. The company reported $0.15 earnings per share for the quarter, beating the analysts’ consensus estimate of ($0.01) by $0.16. The company had revenue of $109.85 million for the quarter, compared to the consensus estimate of $98.19 million. During the same quarter last year, the company posted ($0.01) earnings per share. The Marcus’s revenue was up 17.3% compared to the same quarter last year. On average, analysts predict that The Marcus will post $0.91 earnings per share for the current fiscal year.
The Marcus Corporation is engaged in two segments: movie theatres, hotels and resorts. As of May 26, 2011, the Company’s theatre operations included 55 movie theatres with 684 screens throughout Wisconsin, Ohio, Illinois, Minnesota, North Dakota, Nebraska and Iowa, including two movie theatres with 11 screens in Wisconsin and Nebraska owned by third parties but managed by it.
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