Marcus Corp (MCS) Releases Earnings Results, Beats Expectations By $0.05 EPS

Marcus Corp (MCS) reported quarterly earnings results on Thursday, Jul-28-2016. The company said it had a profit of $0.34 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.05. Analysts had a consensus of $0.29. The company posted revenue of $135.00 million in the period, compared to analysts expectations of $129.43 million. The company’s revenue was down -2.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.32 EPS.

Marcus Corp opened for trading at $21.36 and hit $22.66 on the upside on Thursday, eventually ending the session at $22.56, with a gain of 4.93% or 1.06 points. The heightened volatility saw the trading volume jump to 62,423 shares. Company has a market cap of $620 M.

In a different news, on Jun 21, 2016, Thomas F Kissinger (Sr Exec VP, Gen Counsel & Secy) sold 1,000 shares at $20.52 per share price. According to the SEC, on May 12, 2016, Philip L Milstein (director) sold 33,500 shares at $20.15 per share price. On Mar 26, 2015, Douglas A Neis (CFO and Treasurer) sold 4,000 shares at $20.81 per share price, according to the Form-4 filing with the securities and exchange commission.

The Marcus Corporation owns and operates movie theatres and hotels and resorts. The Company operates through two business segments: movie theatres and hotels and resorts. Its theatre operations include around 55 movie theatres with around 681 screens throughout Wisconsin Illinois Iowa Minnesota Nebraska North Dakota and Ohio including two movie theatres with 11 screens in Wisconsin and Nebraska owned by third parties and managed by it. It also operates a family entertainment center Funset Boulevard. Its hotels and resorts operations include owned and operated hotels and resorts which include the Pfister Hotel the Hilton Milwaukee City Center Hilton Madison at Monona Terrace the Grand Geneva Resort & Spa Hotel Phillips InterContinental Milwaukee Skirvin Hilton AC Hotel Chicago Downtown and the Cornhusker a Marriott Hotel. The Company’s owned and operated hotels and resorts are located in Wisconsin Illinois Missouri Nebraska and Oklahoma.

Marcus Corp

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