Analysts Expect Marcus Corp (NYSE:MCS) Will Announce Quarterly Sales of $221.33 Million

Equities analysts forecast that Marcus Corp (NYSE:MCS) will announce $221.33 million in sales for the current fiscal quarter, Zacks Investment Research reports. Two analysts have issued estimates for Marcus’ earnings, with the lowest sales estimate coming in at $217.35 million and the highest estimate coming in at $225.30 million. Marcus reported sales of $175.03 million during the same quarter last year, which indicates a positive year over year growth rate of 26.5%. The business is expected to announce its next earnings report on Thursday, February 20th.

On average, analysts expect that Marcus will report full year sales of $835.33 million for the current financial year, with estimates ranging from $831.35 million to $839.30 million. For the next financial year, analysts anticipate that the business will report sales of $869.41 million, with estimates ranging from $853.41 million to $885.40 million. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Marcus.

Marcus (NYSE:MCS) last announced its quarterly earnings results on Thursday, October 24th. The company reported $0.46 EPS for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.09). The firm had revenue of $211.46 million during the quarter, compared to analyst estimates of $209.59 million. Marcus had a net margin of 5.44% and a return on equity of 8.86%.

A number of research analysts have weighed in on MCS shares. Zacks Investment Research downgraded Marcus from a “hold” rating to a “sell” rating in a report on Friday, October 11th. ValuEngine lowered Marcus from a “buy” rating to a “hold” rating in a research report on Friday, November 8th. Finally, B. Riley downgraded shares of Marcus from a “buy” rating to a “neutral” rating and reduced their price target for the company from $46.00 to $37.00 in a research report on Friday, November 22nd. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the stock. Marcus currently has a consensus rating of “Hold” and a consensus price target of $42.25.

A number of institutional investors have recently bought and sold shares of the business. Financial Gravity Wealth Inc. grew its holdings in Marcus by 3,288.9% during the second quarter. Financial Gravity Wealth Inc. now owns 915 shares of the company’s stock valued at $30,000 after purchasing an additional 888 shares during the period. DekaBank Deutsche Girozentrale purchased a new position in shares of Marcus during the second quarter worth about $38,000. NumerixS Investment Technologies Inc acquired a new position in Marcus in the 2nd quarter valued at $56,000. Campbell & CO Investment Adviser LLC acquired a new stake in shares of Marcus in the 3rd quarter worth approximately $237,000. Finally, Municipal Employees Retirement System of Michigan grew its holdings in shares of Marcus by 7.6% during the third quarter. Municipal Employees Retirement System of Michigan now owns 6,900 shares of the company’s stock worth $255,000 after buying an additional 490 shares in the last quarter. 65.89% of the stock is currently owned by institutional investors and hedge funds.

MCS traded down $0.07 during midday trading on Friday, reaching $31.70. 3,035 shares of the company were exchanged, compared to its average volume of 171,274. The company has a market cap of $972.84 million, a price-to-earnings ratio of 16.32, a price-to-earnings-growth ratio of 1.24 and a beta of 0.49. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.36 and a current ratio of 0.36. The company’s fifty day moving average price is $34.14 and its 200 day moving average price is $34.46. Marcus has a one year low of $30.46 and a one year high of $45.82.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, November 25th will be paid a $0.16 dividend. The ex-dividend date is Friday, November 22nd. This represents a $0.64 dividend on an annualized basis and a yield of 2.02%. Marcus’s dividend payout ratio is 32.99%.

Marcus Company Profile

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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