FY2023 EPS Estimates for The Marcus Co. Decreased by Analyst (NYSE:MCS)

The Marcus Co. (NYSE:MCSFree Report) – Analysts at Barrington Research reduced their FY2023 earnings per share estimates for shares of Marcus in a report released on Monday, January 29th. Barrington Research analyst J. Goss now anticipates that the company will earn $0.23 per share for the year, down from their previous estimate of $0.25. The consensus estimate for Marcus’ current full-year earnings is $0.25 per share.

Marcus (NYSE:MCSGet Free Report) last released its earnings results on Wednesday, November 1st. The company reported $0.32 earnings per share for the quarter, missing the consensus estimate of $0.34 by ($0.02). Marcus had a net margin of 0.95% and a return on equity of 2.96%. The business had revenue of $208.77 million for the quarter, compared to the consensus estimate of $209.26 million.

A number of other equities analysts have also recently issued reports on the stock. StockNews.com cut shares of Marcus from a “buy” rating to a “hold” rating in a report on Thursday. B. Riley lowered their price objective on Marcus from $23.00 to $19.00 and set a “buy” rating for the company in a research note on Tuesday, January 2nd. One analyst has rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $19.33.

View Our Latest Analysis on MCS

Marcus Trading Down 1.8 %

NYSE MCS opened at $13.57 on Thursday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.59 and a current ratio of 0.59. Marcus has a one year low of $13.30 and a one year high of $18.05. The company has a 50-day simple moving average of $14.17 and a 200-day simple moving average of $14.98. The firm has a market capitalization of $430.17 million, a PE ratio of 226.20, a price-to-earnings-growth ratio of 184.27 and a beta of 1.47.

Marcus Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 15th. Investors of record on Monday, November 27th were issued a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a yield of 2.06%. The ex-dividend date was Friday, November 24th. Marcus’s dividend payout ratio (DPR) is 466.74%.

Institutional Trading of Marcus

Several hedge funds have recently added to or reduced their stakes in the business. BlackRock Inc. increased its holdings in shares of Marcus by 3.5% during the first quarter. BlackRock Inc. now owns 4,349,987 shares of the company’s stock valued at $69,600,000 after purchasing an additional 147,251 shares during the period. Dimensional Fund Advisors LP increased its stake in Marcus by 1.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,881,753 shares of the company’s stock valued at $27,906,000 after buying an additional 34,584 shares during the period. Vanguard Group Inc. raised its position in shares of Marcus by 4.6% during the 3rd quarter. Vanguard Group Inc. now owns 1,702,256 shares of the company’s stock worth $23,645,000 after buying an additional 74,638 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in shares of Marcus by 6.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,130,634 shares of the company’s stock worth $17,525,000 after acquiring an additional 63,827 shares during the period. Finally, Pacer Advisors Inc. bought a new position in shares of Marcus in the fourth quarter valued at approximately $15,410,000. Institutional investors own 81.57% of the company’s stock.

About Marcus

(Get Free Report)

The Marcus Corporation, together with its subsidiaries, owns and operates movie theatres, and hotels and resorts in the United States. The company's Theatres segment operates multiscreen motion picture theatres, as well as Funset Boulevard, a family entertainment center under the Big Screen Bistro, Big Screen Bistro Express, BistroPlex, and Movie Tavern by Marcus brand names.

See Also

Earnings History and Estimates for Marcus (NYSE:MCS)

Receive News & Ratings for Marcus Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Marcus and related companies with MarketBeat.com's FREE daily email newsletter.