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

The Marcus Co. (NYSE:MCS) announced a quarterly dividend on Thursday, May 23rd, Wall Street Journal reports. Shareholders of record on Monday, June 17th will be given a dividend of 0.07 per share on Wednesday, June 26th. This represents a $0.28 dividend on an annualized basis and a yield of 2.57%. The ex-dividend date of this dividend is Monday, June 17th.

Marcus has raised its dividend payment by an average of 12.2% per year over the last three years and has raised its dividend every year for the last 1 years. Marcus has a payout ratio of 59.6% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Marcus to earn $0.47 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 59.6%.

Marcus Stock Up 2.1 %

MCS stock traded up $0.22 during midday trading on Friday, reaching $10.90. The company had a trading volume of 603,666 shares, compared to its average volume of 475,186. Marcus has a 1 year low of $10.57 and a 1 year high of $16.75. The company has a current ratio of 0.43, a quick ratio of 0.43 and a debt-to-equity ratio of 0.37. The company has a market capitalization of $350.44 million, a P/E ratio of 45.42, a PEG ratio of 4.08 and a beta of 1.48. The company has a 50 day moving average of $12.95 and a two-hundred day moving average of $13.86.

Marcus (NYSE:MCS) last released its earnings results on Thursday, May 2nd. The company reported ($0.38) earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of ($0.38). Marcus had a net margin of 1.73% and a return on equity of 2.66%. The company had revenue of $138.55 million during the quarter, compared to the consensus estimate of $141.88 million. On average, equities research analysts expect that Marcus will post 0.17 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have recently commented on MCS. StockNews.com lowered shares of Marcus from a “buy” rating to a “hold” rating in a research note on Thursday, February 1st. Barrington Research restated an “outperform” rating and issued a $20.00 price target on shares of Marcus in a research report on Monday, May 6th. Finally, Benchmark restated a “buy” rating and issued a $20.00 price target on shares of Marcus in a research report on Tuesday, March 5th.

Marcus Company Profile

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.