FY2024 EPS Estimates for The Marcus Co. (NYSE:MCS) Lifted by Analyst

The Marcus Co. (NYSE:MCS) – Analysts at B. Riley lifted their FY2024 earnings per share (EPS) estimates for Marcus in a note issued to investors on Thursday, October 3rd. B. Riley analyst E. Wold now expects that the company will earn ($0.18) per share for the year, up from their prior forecast of ($0.24). B. Riley has a “Buy” rating and a $20.00 price objective on the stock. The consensus estimate for Marcus’ current full-year earnings is ($0.14) per share. B. Riley also issued estimates for Marcus’ Q2 2025 earnings at $0.24 EPS and Q3 2025 earnings at $0.48 EPS.

Marcus (NYSE:MCS) last issued its quarterly earnings results on Thursday, August 1st. The company reported ($0.17) EPS for the quarter, missing the consensus estimate of $0.03 by ($0.20). Marcus had a negative return on equity of 1.36% and a negative net margin of 3.11%. The business had revenue of $176.03 million during the quarter, compared to the consensus estimate of $170.74 million. During the same quarter last year, the firm posted $0.35 earnings per share.

Several other analysts have also issued reports on the stock. Barrington Research restated an “outperform” rating and issued a $20.00 price target on shares of Marcus in a research report on Friday, September 20th. Benchmark lifted their target price on Marcus from $18.00 to $20.00 and gave the company a “buy” rating in a research note on Wednesday, October 2nd. Finally, StockNews.com upgraded Marcus from a “sell” rating to a “hold” rating in a report on Tuesday, September 24th.

Marcus Trading Down 0.8 %

Shares of NYSE:MCS opened at $15.33 on Monday. The firm has a fifty day moving average price of $14.21 and a 200 day moving average price of $12.70. Marcus has a 1 year low of $9.56 and a 1 year high of $16.17. The company has a current ratio of 0.51, a quick ratio of 0.51 and a debt-to-equity ratio of 0.39. The stock has a market capitalization of $492.94 million, a PE ratio of 63.88 and a beta of 1.52.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. increased its position in Marcus by 1.2% in the first quarter. Vanguard Group Inc. now owns 1,853,266 shares of the company’s stock worth $26,428,000 after buying an additional 21,646 shares during the last quarter. Gate City Capital Management LLC purchased a new stake in Marcus in the fourth quarter worth $11,669,000. Millennium Management LLC lifted its position in Marcus by 83.2% during the 2nd quarter. Millennium Management LLC now owns 648,664 shares of the company’s stock valued at $7,375,000 after acquiring an additional 294,593 shares during the period. American Century Companies Inc. raised its position in shares of Marcus by 10.4% in the 2nd quarter. American Century Companies Inc. now owns 497,284 shares of the company’s stock worth $5,654,000 after purchasing an additional 46,891 shares during the last quarter. Finally, AQR Capital Management LLC raised its holdings in Marcus by 71.0% in the 2nd quarter. AQR Capital Management LLC now owns 442,889 shares of the company’s stock worth $5,036,000 after acquiring an additional 183,909 shares during the last quarter. Hedge funds and other institutional investors own 81.57% of the company’s stock.

Marcus Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, September 16th. Investors of record on Monday, August 26th were given a $0.07 dividend. This represents a $0.28 annualized dividend and a yield of 1.83%. The ex-dividend date was Monday, August 26th. Marcus’s 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.