Brokerages predict that Marcus Corp (NYSE:MCS) will report earnings per share of $0.25 for the current fiscal quarter, Zacks reports. Two analysts have issued estimates for Marcus Corp’s earnings. The highest EPS estimate is $0.27 and the lowest is $0.23. Marcus Corp reported earnings per share of $0.20 in the same quarter last year, which would suggest a positive year-over-year growth rate of 25%. The firm is expected to announce its next quarterly earnings results before the market opens on Thursday, April 27th.
According to Zacks, analysts expect that Marcus Corp will report full-year earnings of $1.58 per share for the current financial year, with EPS estimates ranging from $1.56 to $1.60. For the next year, analysts forecast that the business will report earnings of $1.71 per share, with EPS estimates ranging from $1.70 to $1.71. Zacks Investment Research’s earnings per share averages are an average based on a survey of research analysts that that provide coverage for Marcus Corp.
Marcus Corp (NYSE:MCS) last issued its quarterly earnings results on Thursday, February 23rd. The company reported $0.31 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.25 by $0.06. The business had revenue of $138.70 million for the quarter, compared to analysts’ expectations of $131.85 million. Marcus Corp had a net margin of 6.55% and a return on equity of 9.20%. The business’s quarterly revenue was down 1.8% compared to the same quarter last year.
Several research firms have issued reports on MCS. B. Riley reaffirmed a “buy” rating and set a $39.00 price objective on shares of Marcus Corp in a report on Wednesday, March 1st. Zacks Investment Research raised shares of Marcus Corp from a “hold” rating to a “strong-buy” rating and set a $37.00 price objective on the stock in a report on Tuesday, February 28th. Finally, TheStreet raised shares of Marcus Corp from a “c” rating to a “b-” rating in a report on Thursday, February 23rd. Three equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $36.31.
Institutional investors have recently bought and sold shares of the stock. Dalton Greiner Hartman Maher & Co. increased its position in Marcus Corp by 0.3% in the first quarter. Dalton Greiner Hartman Maher & Co. now owns 69,918 shares of the company’s stock valued at $2,244,000 after buying an additional 237 shares during the last quarter. Rice Hall James & Associates LLC increased its position in Marcus Corp by 19.0% in the first quarter. Rice Hall James & Associates LLC now owns 86,875 shares of the company’s stock valued at $2,789,000 after buying an additional 13,868 shares during the last quarter. Louisiana State Employees Retirement System increased its position in Marcus Corp by 1.3% in the first quarter. Louisiana State Employees Retirement System now owns 7,700 shares of the company’s stock valued at $247,000 after buying an additional 100 shares during the last quarter. Teachers Advisors LLC increased its position in Marcus Corp by 22.4% in the fourth quarter. Teachers Advisors LLC now owns 56,330 shares of the company’s stock valued at $1,774,000 after buying an additional 10,325 shares during the last quarter. Finally, Thrivent Financial for Lutherans increased its position in Marcus Corp by 5.5% in the fourth quarter. Thrivent Financial for Lutherans now owns 10,150 shares of the company’s stock valued at $320,000 after buying an additional 530 shares during the last quarter. 55.35% of the stock is currently owned by institutional investors and hedge funds.
WARNING: This story was published by Markets Daily and is owned by of Markets Daily. If you are viewing this story on another site, it was illegally stolen and republished in violation of international copyright & trademark laws. The legal version of this story can be viewed at https://www.themarketsdaily.com/2017/04/21/0-25-earnings-per-share-expected-for-marcus-corp-mcs-this-quarter.html.
Shares of Marcus Corp (NYSE:MCS) traded up 1.08% on Friday, hitting $32.70. 99,296 shares of the stock traded hands. The stock has a 50 day moving average of $31.14 and a 200 day moving average of $29.72. The company has a market cap of $906.41 million, a PE ratio of 24.12 and a beta of 0.49. Marcus Corp has a one year low of $18.57 and a one year high of $32.85.
Marcus Corp Company Profile
The Marcus Corporation operates principally in two business segments: Theatres, and Hotels and Resorts. The Theatres segment operates multiscreen motion picture theatres in Wisconsin, Illinois, Ohio, Minnesota, Iowa, North Dakota and Nebraska, and a family entertainment center in Wisconsin. The Hotels and Resorts segment owns and operates hotels and resorts in Wisconsin, Illinois, Oklahoma and Nebraska, and manages hotels, resorts and other properties in Wisconsin, Minnesota, Texas, Nevada, Georgia, Florida and California.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Marcus Corp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Marcus Corp and related companies with MarketBeat.com's FREE daily email newsletter.