Brokers Set Expectations for The Marcus Co.’s Q1 2024 Earnings (NYSE:MCS)

The Marcus Co. (NYSE:MCS) – Stock analysts at Barrington Research upped their Q1 2024 earnings estimates for shares of Marcus in a research report issued to clients and investors on Monday, April 22nd. Barrington Research analyst J. Goss now anticipates that the company will earn ($0.36) per share for the quarter, up from their previous estimate of ($0.42). Barrington Research currently has a “Outperform” rating and a $20.00 price target on the stock. The consensus estimate for Marcus’ current full-year earnings is $0.13 per share. Barrington Research also issued estimates for Marcus’ Q2 2024 earnings at $0.12 EPS, FY2024 earnings at $0.24 EPS, Q1 2025 earnings at ($0.19) EPS, FY2025 earnings at $54.00 EPS and FY2026 earnings at $0.67 EPS.

Several other equities analysts have also recently commented on MCS. StockNews.com cut shares of Marcus from a “buy” rating to a “hold” rating in a research note on Thursday, February 1st. Benchmark reiterated a “buy” rating and set a $20.00 target price on shares of Marcus in a research note on Tuesday, March 5th. Finally, B. Riley cut their target price on shares of Marcus from $23.00 to $19.00 and set a “buy” rating for the company in a research note on Tuesday, January 2nd.

Marcus Price Performance

NYSE MCS opened at $13.35 on Thursday. The company has a current ratio of 0.62, a quick ratio of 0.62 and a debt-to-equity ratio of 0.37. The company has a fifty day simple moving average of $14.04 and a 200 day simple moving average of $14.37. The company has a market cap of $423.46 million, a P/E ratio of 43.06, a P/E/G ratio of 7.28 and a beta of 1.47. Marcus has a 1 year low of $12.78 and a 1 year high of $17.84.

Marcus (NYSE:MCS) last posted its quarterly earnings data on Thursday, February 29th. The company reported ($0.05) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.17) by $0.12. The business had revenue of $161.53 million during the quarter, compared to the consensus estimate of $160.75 million. Marcus had a net margin of 2.03% and a return on equity of 3.19%.

Hedge Funds Weigh In On Marcus

A number of hedge funds have recently made changes to their positions in MCS. Parallel Advisors LLC raised its stake in shares of Marcus by 193.2% in the 4th quarter. Parallel Advisors LLC now owns 1,891 shares of the company’s stock valued at $28,000 after buying an additional 1,246 shares in the last quarter. GAMMA Investing LLC acquired a new position in shares of Marcus in the 4th quarter valued at $33,000. Louisiana State Employees Retirement System acquired a new position in shares of Marcus in the 4th quarter valued at $179,000. SG Americas Securities LLC acquired a new position in shares of Marcus in the 3rd quarter valued at $210,000. Finally, Illinois Municipal Retirement Fund bought a new stake in shares of Marcus in the 3rd quarter worth about $212,000. Institutional investors and hedge funds own 81.57% of the company’s stock.

Marcus Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Monday, March 4th were paid a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a dividend yield of 2.10%. The ex-dividend date was Friday, March 1st. Marcus’s dividend payout ratio is 90.32%.

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.