Analysts expect that Marcus Corp (NYSE:MCS) will post sales of $166.47 million for the current quarter, Zacks reports. Two analysts have made estimates for Marcus’ earnings, with the highest sales estimate coming in at $168.30 million and the lowest estimate coming in at $164.64 million. Marcus posted sales of $158.17 million during the same quarter last year, which suggests a positive year over year growth rate of 5.2%. The firm is scheduled to issue its next quarterly earnings report on Thursday, February 28th.
On average, analysts expect that Marcus will report full-year sales of $698.57 million for the current financial year, with estimates ranging from $696.73 million to $700.40 million. For the next fiscal year, analysts anticipate that the firm will report sales of $713.88 million, with estimates ranging from $712.70 million to $715.06 million. Zacks Investment Research’s sales averages are an average based on a survey of sell-side analysts that cover Marcus.
Marcus (NYSE:MCS) last issued its quarterly earnings data on Thursday, October 25th. The company reported $0.56 earnings per share for the quarter, beating analysts’ consensus estimates of $0.47 by $0.09. Marcus had a return on equity of 12.54% and a net margin of 11.46%. The company had revenue of $170.60 million for the quarter, compared to the consensus estimate of $170.47 million.
Separately, Zacks Investment Research downgraded Marcus from a “buy” rating to a “hold” rating in a research report on Thursday, September 27th.
In other Marcus news, Director Philip L. Milstein sold 5,000 shares of the firm’s stock in a transaction dated Tuesday, November 27th. The stock was sold at an average price of $42.32, for a total value of $211,600.00. Following the completion of the sale, the director now owns 45,760 shares of the company’s stock, valued at $1,936,563.20. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, VP Thomas F. Kissinger sold 2,850 shares of the firm’s stock in a transaction dated Wednesday, January 9th. The stock was sold at an average price of $42.73, for a total value of $121,780.50. Following the completion of the sale, the vice president now directly owns 82,214 shares of the company’s stock, valued at approximately $3,513,004.22. The disclosure for this sale can be found here. 32.88% of the stock is owned by company insiders.
Hedge funds and other institutional investors have recently modified their holdings of the business. Advisors Preferred LLC acquired a new stake in Marcus in the fourth quarter worth about $105,000. Raymond James & Associates acquired a new stake in Marcus in the second quarter worth about $208,000. Alambic Investment Management L.P. acquired a new stake in Marcus in the third quarter worth about $210,000. Chicago Equity Partners LLC acquired a new stake in Marcus in the third quarter worth about $218,000. Finally, SG Americas Securities LLC acquired a new stake in Marcus in the second quarter worth about $258,000. 62.85% of the stock is owned by institutional investors and hedge funds.
MCS stock traded up $0.14 during trading on Tuesday, reaching $43.23. 104,831 shares of the company traded hands, compared to its average volume of 152,728. Marcus has a 12 month low of $23.55 and a 12 month high of $44.61. The company has a market cap of $1.22 billion, a P/E ratio of 28.07, a PEG ratio of 1.47 and a beta of 0.70. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.47 and a quick ratio of 0.47.
Marcus Company Profile
The Marcus Corporation, together with its subsidiaries, owns and operates movie theatres, and hotels and resorts. As of December 28, 2017, the company operated approximately 69 movie theatres with 895 screens in Wisconsin, Illinois, Iowa, Minnesota, Missouri, Nebraska, North Dakota, and Ohio; owned or managed approximately 4,841 hotel and resort rooms; and 19 hotels, resorts, and other properties for third parties in nine states.
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