Marcus Corporation (The) (NYSE:MCS) Increases Dividend to $0.08 Per Share

Key Points

• Marcus Corporation announced a quarterly dividend increase to $0.08 per share, which represents a 14.3% rise from the previous dividend of $0.07.
• The company's payout ratio stands at 41.8%, indicating that the earnings adequately cover the dividends, with expectations of $0.46 EPS in the next year.
• Shares of Marcus traded up 0.7% to reach $14.90, with analysts giving the stock an average rating of "Buy" and a target price of $24.50.

Marcus Corporation (The) (NYSE:MCS - Get Free Report) declared a quarterly dividend on Tuesday, August 5th, RTT News reports. Investors of record on Monday, August 25th will be given a dividend of 0.08 per share on Monday, September 15th. This represents a c) dividend on an annualized basis and a dividend yield of 2.1%. This is a 14.3% increase from Marcus's previous quarterly dividend of $0.07.

Marcus has a payout ratio of 41.8% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Marcus to earn $0.46 per share next year, which means the company should continue to be able to cover its $0.28 annual dividend with an expected future payout ratio of 60.9%.

Marcus Stock Up 0.7%

Shares of NYSE MCS traded up $0.11 during mid-day trading on Tuesday, reaching $14.90. The company had a trading volume of 456,880 shares, compared to its average volume of 202,663. The company has a current ratio of 0.42, a quick ratio of 0.42 and a debt-to-equity ratio of 0.40. The firm has a 50 day simple moving average of $17.26 and a two-hundred day simple moving average of $17.71. The stock has a market cap of $466.34 million, a P/E ratio of 33.11, a PEG ratio of 2.46 and a beta of 1.24. Marcus has a 52-week low of $12.47 and a 52-week high of $23.16.

Marcus (NYSE:MCS - Get Free Report) last issued its quarterly earnings data on Friday, August 1st. The company reported $0.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.19 by $0.04. Marcus had a net margin of 1.91% and a return on equity of 4.28%. The company had revenue of $206.04 million for the quarter, compared to the consensus estimate of $192.79 million. Sell-side analysts predict that Marcus will post 0.36 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on MCS shares. Barrington Research reissued an "outperform" rating and set a $25.00 price objective on shares of Marcus in a research report on Monday. Wedbush started coverage on shares of Marcus in a research report on Friday, July 18th. They set an "outperform" rating and a $24.00 price objective on the stock. B. Riley started coverage on shares of Marcus in a research report on Friday, May 16th. They set a "buy" rating and a $24.00 price objective on the stock. Benchmark reissued a "buy" rating and set a $25.00 price objective on shares of Marcus in a research report on Friday, April 11th. Finally, Wall Street Zen downgraded shares of Marcus from a "buy" rating to a "hold" rating in a research report on Thursday, May 15th. One research analyst has rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Buy" and an average price target of $24.50.

Marcus Company Profile

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.

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