Q3 2016 EPS Estimates for Marcus Corp. (MCS) Increased by Analyst
Marcus Corp. (NYSE:MCS) – Analysts at B. Riley increased their Q3 2016 earnings estimates for shares of Marcus Corp. in a note issued to investors on Thursday. B. Riley analyst E. Wold now forecasts that the brokerage will post earnings of $0.39 per share for the quarter, up from their previous forecast of $0.34. B. Riley has a “Buy” rating and a $30.00 price target on the stock. B. Riley also issued estimates for Marcus Corp.’s FY2016 earnings at $1.16 EPS.
MCS has been the topic of several other research reports. Zacks Investment Research raised Marcus Corp. from a “hold” rating to a “buy” rating and set a $28.00 price target on the stock in a research report on Wednesday, September 28th. Benchmark Co. lifted their price target on Marcus Corp. from $26.11 to $28.19 and gave the stock a “buy” rating in a research report on Monday, September 26th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company. Marcus Corp. currently has an average rating of “Buy” and a consensus target price of $29.30.
Marcus Corp. (NYSE:MCS) opened at 25.15 on Monday. The company has a 50-day moving average price of $24.00 and a 200 day moving average price of $21.31. Marcus Corp. has a 1-year low of $17.44 and a 1-year high of $25.49. The firm has a market capitalization of $693.11 million, a P/E ratio of 16.35 and a beta of 0.66.
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Marcus Corp. (NYSE:MCS) last posted its quarterly earnings data on Thursday, July 28th. The company reported $0.34 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.29 by $0.05. Marcus Corp. had a return on equity of 9.45% and a net margin of 6.55%. The firm earned $134 million during the quarter, compared to the consensus estimate of $129.43 million. During the same period in the prior year, the company earned $0.32 EPS. The firm’s revenue was down 2.0% compared to the same quarter last year.
Several hedge funds have recently bought and sold shares of the stock. Mairs & Power INC acquired a new stake in Marcus Corp. during the second quarter worth $2,986,000. Vanguard Group Inc. increased its stake in Marcus Corp. by 12.6% in the second quarter. Vanguard Group Inc. now owns 898,738 shares of the company’s stock worth $18,965,000 after buying an additional 100,457 shares during the period. LSV Asset Management increased its stake in Marcus Corp. by 22.2% in the second quarter. LSV Asset Management now owns 525,640 shares of the company’s stock worth $11,091,000 after buying an additional 95,353 shares during the period. Dalton Greiner Hartman Maher & Co. acquired a new stake in Marcus Corp. during the second quarter worth $1,394,000. Finally, DUPONT CAPITAL MANAGEMENT Corp acquired a new stake in Marcus Corp. during the second quarter worth $897,000. Hedge funds and other institutional investors own 55.93% of the company’s stock.
In related news, Director Philip L. Milstein sold 4,000 shares of Marcus Corp. stock in a transaction that occurred on Monday, September 26th. The stock was sold at an average price of $24.29, for a total value of $97,160.00. Following the sale, the director now directly owns 80,213 shares in the company, valued at $1,948,373.77. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, VP Thomas F. Kissinger sold 1,500 shares of Marcus Corp. stock in a transaction that occurred on Wednesday, August 17th. The shares were sold at an average price of $23.05, for a total value of $34,575.00. Following the completion of the sale, the vice president now owns 47,254 shares in the company, valued at $1,089,204.70. The disclosure for this sale can be found here. 33.75% of the stock is owned by insiders.
The business also recently announced a quarterly dividend, which was paid on Thursday, September 15th. Stockholders of record on Thursday, August 25th were issued a $0.1125 dividend. This represents a $0.45 dividend on an annualized basis and a dividend yield of 1.79%. The ex-dividend date was Tuesday, August 23rd. Marcus Corp.’s payout ratio is currently 36.00%.
About Marcus Corp.
The Marcus Corporation owns and operates movie theatres, and hotels and resorts. The Company operates through two business segments: movie theatres, and hotels and resorts. Its theatre operations include around 55 movie theatres with around 681 screens throughout Wisconsin, Illinois, Iowa, Minnesota, Nebraska, North Dakota and Ohio, including two movie theatres with 11 screens in Wisconsin and Nebraska owned by third parties and managed by it.
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