The Marcus Co. (NYSE:MCS) Plans Quarterly Dividend of $0.07

The Marcus Co. (NYSE:MCS) declared a quarterly dividend on Thursday, May 23rd, Wall Street Journal reports. Investors of record on Monday, June 17th will be given a dividend of 0.07 per share on Wednesday, June 26th. This represents a $0.28 annualized dividend and a yield of 2.64%. The ex-dividend date is Monday, June 17th.

Marcus has raised its dividend by an average of 12.2% per year over the last three years. Marcus has a dividend payout ratio of 59.6% meaning its dividend is sufficiently covered by earnings. Research analysts expect Marcus to earn $0.47 per share next year, which means the company should continue to be able to cover its $0.28 annual dividend with an expected future payout ratio of 59.6%.

Marcus Stock Performance

NYSE MCS opened at $10.60 on Friday. The business’s 50-day moving average price is $11.80 and its 200 day moving average price is $13.37. Marcus has a twelve month low of $9.56 and a twelve month high of $16.75. The company has a market capitalization of $340.79 million, a PE ratio of 44.17, a price-to-earnings-growth ratio of 4.04 and a beta of 1.46. The company has a current ratio of 0.43, a quick ratio of 0.43 and a debt-to-equity ratio of 0.37.

Marcus (NYSE:MCS) last released its earnings results on Thursday, May 2nd. The company reported ($0.38) earnings per share for the quarter, hitting the consensus estimate of ($0.38). The firm had revenue of $138.55 million for the quarter, compared to the consensus estimate of $141.88 million. Marcus had a return on equity of 2.66% and a net margin of 1.73%. On average, research analysts predict that Marcus will post 0.17 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on MCS. Benchmark restated a “buy” rating and issued a $20.00 price objective on shares of Marcus in a report on Tuesday, March 5th. Barrington Research restated an “outperform” rating and issued a $20.00 price objective on shares of Marcus in a report on Monday, May 6th.

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.