Revenue Update on Marcus Corp(NYSE:MCS)

Marcus Corp(NYSE:MCS) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during Pre-market on Jul 28, 2016. Company reported revenue of $134.98M. Analysts estimated a revenue of $129.43M. Earnings per share were $0.34. Analysts had estimated an EPS of $0.29.

Marcus Corp (MCS) shares turned negative on Thursdays trading session with the shares closing down -0.39 points or -1.74% at a volume of 64,484. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $22.68. The peak price level was also seen at $22.68 while the days lowest was $22.05. Finally the shares closed at $22.07. The 52-week high of the shares is $22.7 while the 52-week low is $17.44. According to the latest information available, the market cap of the company is $607 M.

Several Insider Transactions has been reported to the SEC. On Jun 21, 2016, Thomas F Kissinger (Sr Exec VP, Gen Counsel & Secy) sold 1,000 shares at $20.52 per share price.Also, 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.

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