Marcus Corp (NYSE:MCS) Declares Quarterly Dividend of $0.16

Marcus Corp (NYSE:MCS) announced a quarterly dividend on Thursday, August 1st, Zacks reports. Stockholders of record on Monday, August 26th will be paid a dividend of 0.16 per share on Monday, September 16th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.84%. The ex-dividend date is Friday, August 23rd.

Marcus has increased its dividend by an average of 13.5% annually over the last three years and has increased its dividend every year for the last 7 years. Marcus has a payout ratio of 36.4% indicating that its dividend is sufficiently covered by earnings. Analysts expect Marcus to earn $2.08 per share next year, which means the company should continue to be able to cover its $0.64 annual dividend with an expected future payout ratio of 30.8%.

Shares of NYSE MCS opened at $34.80 on Wednesday. The firm has a 50-day simple moving average of $34.09 and a 200-day simple moving average of $37.23. The stock has a market capitalization of $1.08 billion, a price-to-earnings ratio of 17.94, a price-to-earnings-growth ratio of 1.27 and a beta of 0.57. The company has a quick ratio of 0.39, a current ratio of 0.39 and a debt-to-equity ratio of 0.80. Marcus has a 52 week low of $31.90 and a 52 week high of $45.82.

Marcus (NYSE:MCS) last issued its earnings results on Thursday, July 25th. The company reported $0.64 EPS for the quarter, beating the Zacks’ consensus estimate of $0.61 by $0.03. The business had revenue of $232.50 million during the quarter, compared to analysts’ expectations of $227.65 million. Marcus had a net margin of 6.00% and a return on equity of 9.59%. As a group, equities research analysts expect that Marcus will post 1.84 EPS for the current year.

A number of equities research analysts have recently commented on MCS shares. B. Riley upgraded shares of Marcus from a “neutral” rating to a “buy” rating and increased their target price for the company from $41.00 to $46.00 in a research report on Friday, April 26th. ValuEngine cut shares of Marcus from a “buy” rating to a “hold” rating in a research report on Friday, May 17th. Finally, Zacks Investment Research cut shares of Marcus from a “buy” rating to a “hold” rating in a research report on Friday, July 19th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $44.50.

Marcus Company Profile

The Marcus Corporation, together with its subsidiaries, owns and operates movie theatres, and hotels and resorts in the United States. As of March 12, 2019, it owned or operated 1,098 screens at 90 locations in 17 states; and owned and managed 21 hotels, resorts, and other properties in nine states. The company also operates a family entertainment center under the Funset Boulevard name in Appleton, Wisconsin, as well as owns and operates a retail outlet under the name of Ronnie's Plaza.

Read More: Buy-Side Analysts

Dividend History for Marcus (NYSE:MCS)

Receive News & Ratings for Marcus Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Marcus and related companies with MarketBeat.com's FREE daily email newsletter.