Q4 2022 EPS Estimates for The Marcus Co. (NYSE:MCS) Lifted by B. Riley

The Marcus Co. (NYSE:MCS – Get Rating) – Analysts at B. Riley boosted their Q4 2022 EPS estimates for shares of Marcus in a research note issued to investors on Thursday, August 4th. B. Riley analyst E. Wold now expects that the company will post earnings of $0.13 per share for the quarter, up from their prior forecast of $0.10. B. Riley has a “Buy” rating and a $26.00 price objective on the stock. The consensus estimate for Marcus’ current full-year earnings is ($0.25) per share. B. Riley also issued estimates for Marcus’ Q2 2023 earnings at $0.52 EPS, Q3 2023 earnings at $0.40 EPS, Q4 2023 earnings at $0.19 EPS and FY2023 earnings at $1.09 EPS.

Marcus (NYSE:MCS – Get Rating) last released its earnings results on Thursday, May 5th. The company reported ($0.48) earnings per share for the quarter, missing analysts’ consensus estimates ($0.36) by ($0.12). The firm had revenue of $132.24 million for the quarter, compared to analyst estimates of $119.75 million. Marcus had a negative return on equity of 1.02% and a net margin of 0.35%. During the same period in the prior year, the firm earned ($0.96) EPS.

Several other research firms also recently issued reports on MCS. Barrington Research restated a “buy” rating and set a $24.00 price objective on shares of Marcus in a report on Friday, May 6th. StockNews.com upgraded shares of Marcus from a “hold” rating to a “buy” rating in a report on Friday. Finally, Benchmark lowered their target price on shares of Marcus from $28.00 to $25.00 in a research note on Wednesday, July 13th. One analyst has rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, Marcus presently has an average rating of “Moderate Buy” and a consensus price target of $25.00.

Marcus Trading Up 1.2%

Marcus stock opened at $17.83 on Friday. The firm has a fifty day moving average price of $15.42 and a two-hundred day moving average price of $16.26. Marcus has a fifty-two week low of $13.41 and a fifty-two week high of $22.32. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.52 and a quick ratio of 0.35.

Institutional Trading of Marcus

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Allspring Global Investments Holdings LLC bought a new stake in Marcus during the fourth quarter worth about $661,000. Yousif Capital Management LLC bought a new stake in Marcus during the fourth quarter worth about $358,000. Qube Research & Technologies Ltd bought a new stake in Marcus during the fourth quarter worth about $203,000. Zurcher Cantonalbank Zurich Cantonalbank bought a new stake in Marcus during the fourth quarter worth about $186,000. Finally, Nisa Investment Advisors LLC grew its stake in Marcus by 50.7% during the fourth quarter. Nisa Investment Advisors LLC now owns 2,080 shares of the company’s stock worth $35,000 after buying an additional 700 during the last quarter. Institutional investors own 79.52% of the company’s stock.

Marcus Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 15th. Investors of record on Thursday, August 25th will be paid a $0.05 dividend. The ex-dividend date is Wednesday, August 24th. This represents a $0.20 dividend on an annualized basis and a yield of 1.12%.

Marcus Company Profile

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The Marcus Corporation, together with its subsidiaries, owns and operates movie theaters, and hotels and resorts in the United States. It operates in two segments, theaters, and hotels and resorts. The Theater segment operates multiscreen motion picture theatres, as well as Funset Boulevard, a family entertainment center.

See Also

Earnings History and Estimates for Marcus (NYSE:MCS)

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