Brokers Issue Forecasts for The Marcus Co.’s Q3 2024 Earnings (NYSE:MCS)

The Marcus Co. (NYSE:MCS) – Stock analysts at B. Riley boosted their Q3 2024 earnings estimates for shares of Marcus in a report released on Friday, May 3rd. B. Riley analyst E. Wold now forecasts that the company will post earnings of $0.28 per share for the quarter, up from their previous forecast of $0.26. The consensus estimate for Marcus’ current full-year earnings is $0.13 per share. B. Riley also issued estimates for Marcus’ Q3 2025 earnings at $0.39 EPS.

Marcus (NYSE:MCS) last released its quarterly earnings data on Thursday, February 29th. The company reported ($0.05) earnings per share for the quarter, topping the consensus estimate of ($0.17) by $0.12. The company had revenue of $161.53 million for the quarter, compared to analyst estimates of $160.75 million. Marcus had a net margin of 1.73% and a return on equity of 2.66%.

MCS has been the topic of several other research reports. StockNews.com downgraded Marcus from a “buy” rating to a “hold” rating in a research report on Thursday, February 1st. Benchmark reiterated a “buy” rating and set a $20.00 price objective on shares of Marcus in a research report on Tuesday, March 5th. Finally, Barrington Research reissued an “outperform” rating and issued a $20.00 target price on shares of Marcus in a research report on Monday.

Marcus Stock Down 0.3 %

Shares of MCS opened at $11.24 on Monday. The firm’s 50-day simple moving average is $13.71 and its 200 day simple moving average is $14.19. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.43 and a current ratio of 0.43. The firm has a market cap of $356.53 million, a P/E ratio of 46.84, a price-to-earnings-growth ratio of 6.35 and a beta of 1.48. Marcus has a 52 week low of $11.16 and a 52 week high of $16.75.

Hedge Funds Weigh In On Marcus

Several hedge funds and other institutional investors have recently added to or reduced their stakes in MCS. Parallel Advisors LLC grew its holdings in shares of Marcus by 193.2% during the 4th quarter. Parallel Advisors LLC now owns 1,891 shares of the company’s stock worth $28,000 after purchasing an additional 1,246 shares in the last quarter. GAMMA Investing LLC acquired a new stake in shares of Marcus during the 4th quarter worth approximately $33,000. Cornerstone Investment Partners LLC acquired a new stake in shares of Marcus in the 1st quarter valued at $169,000. Louisiana State Employees Retirement System acquired a new stake in Marcus in the fourth quarter valued at about $179,000. Finally, SG Americas Securities LLC bought a new stake in shares of Marcus during the 3rd quarter valued at approximately $210,000. 81.57% of the stock is owned by institutional investors and hedge funds.

Marcus Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Monday, March 4th were given a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a yield of 2.49%. The ex-dividend date was Friday, March 1st. Marcus’s dividend payout ratio is currently 116.67%.

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.