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

The Marcus Co. (NYSE:MCS) declared a quarterly dividend on Monday, August 5th, Wall Street Journal reports. Investors of record on Monday, August 26th will be given a dividend of 0.07 per share on Monday, September 16th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 2.00%. The ex-dividend date of this dividend is Monday, August 26th.

Marcus has raised its dividend by an average of 12.2% annually over the last three years. Marcus has a dividend payout ratio of 71.8% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Marcus to earn $0.37 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 75.7%.

Marcus Stock Performance

MCS opened at $14.03 on Friday. The business has a 50 day moving average price of $12.04 and a two-hundred day moving average price of $12.64. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.51 and a quick ratio of 0.43. The company has a market capitalization of $451.13 million, a price-to-earnings ratio of 58.46, a price-to-earnings-growth ratio of 12.04 and a beta of 1.51. Marcus has a 1-year low of $9.56 and a 1-year high of $15.88.

Marcus (NYSE:MCS) last announced its quarterly earnings data on Thursday, August 1st. The company reported ($0.17) earnings per share for the quarter, missing the consensus estimate of $0.03 by ($0.20). The firm had revenue of $176.03 million during the quarter, compared to analyst estimates of $170.74 million. Marcus had a negative net margin of 3.11% and a negative return on equity of 1.36%. During the same quarter last year, the company earned $0.35 EPS. Research analysts predict that Marcus will post 0.07 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

MCS has been the topic of several recent research reports. Benchmark reaffirmed a “buy” rating and issued a $18.00 price objective on shares of Marcus in a research note on Monday, July 29th. B. Riley upped their price target on Marcus from $19.00 to $20.00 and gave the company a “buy” rating in a report on Monday, July 8th. Barrington Research reissued an “outperform” rating and set a $20.00 price objective on shares of Marcus in a research note on Friday, August 2nd. Finally, StockNews.com lowered Marcus from a “hold” rating to a “sell” rating in a research report on Monday, July 29th.

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.