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

The Marcus Co. (NYSE:MCS) declared a quarterly dividend on Tuesday, August 6th, Wall Street Journal reports. Investors of record on Monday, August 26th will be paid a dividend of 0.07 per share on Monday, September 16th. This represents a $0.28 dividend on an annualized basis and a yield of 2.18%. The ex-dividend date is Monday, August 26th.

Marcus has increased its dividend payment by an average of 12.2% annually over the last three years. Marcus has a dividend payout ratio of 75.7% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings tumble. Analysts expect Marcus to earn $0.37 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 75.7%.

Marcus Price Performance

Shares of NYSE:MCS traded up $0.07 during trading on Tuesday, hitting $12.87. 335,485 shares of the stock were exchanged, compared to its average volume of 616,787. Marcus has a 12-month low of $9.56 and a 12-month high of $16.75. The company has a market cap of $413.83 million, a PE ratio of 53.50, a P/E/G ratio of 12.04 and a beta of 1.51. The company has a fifty day moving average price of $11.23 and a two-hundred day moving average price of $12.66. The company has a current ratio of 0.51, a quick ratio of 0.43 and a debt-to-equity ratio of 0.39.

Marcus (NYSE:MCS) last announced its quarterly earnings results on Thursday, August 1st. The company reported ($0.17) earnings per share for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.20). The firm had revenue of $176.03 million during the quarter, compared to analysts’ expectations of $170.74 million. Marcus had a negative net margin of 3.11% and a negative return on equity of 1.36%. During the same quarter in the prior year, the business earned $0.35 EPS. On average, analysts forecast that Marcus will post 0.07 EPS for the current year.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. StockNews.com downgraded Marcus from a “hold” rating to a “sell” rating in a research report on Monday, July 29th. Barrington Research reiterated an “outperform” rating and set a $20.00 price objective on shares of Marcus in a report on Friday. Benchmark reaffirmed a “buy” rating and set a $18.00 target price on shares of Marcus in a research report on Monday, July 29th. Finally, B. Riley lifted their target price on Marcus from $19.00 to $20.00 and gave the company a “buy” rating in a research note on Monday, July 8th.

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.