Zacks: Brokerages Anticipate Marcus Corp (NYSE:MCS) to Post $0.46 Earnings Per Share

Equities research analysts predict that Marcus Corp (NYSE:MCS) will announce $0.46 earnings per share (EPS) for the current fiscal quarter, according to Zacks Investment Research. Two analysts have issued estimates for Marcus’ earnings. The lowest EPS estimate is $0.45 and the highest is $0.46. Marcus reported earnings per share of $0.41 during the same quarter last year, which indicates a positive year over year growth rate of 12.2%. The firm is scheduled to report its next quarterly earnings results on Thursday, February 20th.

On average, analysts expect that Marcus will report full-year earnings of $1.55 per share for the current financial year. For the next financial year, analysts forecast that the business will post earnings of $1.89 per share, with EPS estimates ranging from $1.80 to $1.98. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research analysts that that provide coverage for Marcus.

Marcus (NYSE:MCS) last issued its earnings results on Thursday, October 24th. The company reported $0.46 EPS for the quarter, missing the consensus estimate 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 return on equity of 8.86% and a net margin of 5.44%.

Several research analysts have recently commented on the company. Zacks Investment Research lowered Marcus from a “hold” rating to a “sell” rating in a research report on Friday, October 11th. Deutsche Bank reiterated a “hold” rating on shares of Marcus in a research report on Friday. Finally, ValuEngine lowered Marcus from a “buy” rating to a “hold” rating in a research report on Friday. One research analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $44.50.

A number of large investors have recently added to or reduced their stakes in the stock. Tower Research Capital LLC TRC bought a new position in Marcus in the 2nd quarter valued at $301,000. JPMorgan Chase & Co. grew its holdings in Marcus by 33.7% during the second quarter. JPMorgan Chase & Co. now owns 56,855 shares of the company’s stock worth $1,859,000 after purchasing an additional 14,329 shares during the period. Allianz Asset Management GmbH grew its holdings in Marcus by 16.0% during the second quarter. Allianz Asset Management GmbH now owns 45,597 shares of the company’s stock worth $1,503,000 after purchasing an additional 6,277 shares during the period. Swiss National Bank grew its holdings in Marcus by 9.5% during the second quarter. Swiss National Bank now owns 38,000 shares of the company’s stock worth $1,252,000 after purchasing an additional 3,300 shares during the period. Finally, Grantham Mayo Van Otterloo & Co. LLC grew its holdings in Marcus by 19.2% during the second quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 265,107 shares of the company’s stock worth $8,738,000 after purchasing an additional 42,700 shares during the period. Institutional investors and hedge funds own 64.60% of the company’s stock.

Shares of MCS opened at $34.31 on Wednesday. The firm has a market cap of $1.12 billion, a price-to-earnings ratio of 17.69, a PEG ratio of 1.40 and a beta of 0.53. The stock has a 50 day moving average of $35.75 and a 200-day moving average of $35.10. The company has a current ratio of 0.36, a quick ratio of 0.39 and a debt-to-equity ratio of 0.77. Marcus has a 52 week low of $31.90 and a 52 week high of $45.82.

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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Earnings History and Estimates for Marcus (NYSE:MCS)

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