-$0.70 EPS Expected for Studio City International Holdings Ltd (MSC) This Quarter

Equities analysts predict that Studio City International Holdings Ltd (NYSE:MSC) will post earnings of ($0.70) per share for the current fiscal quarter, according to Zacks. Zero analysts have provided estimates for Studio City International’s earnings. The business is scheduled to report its next earnings report on Monday, January 1st.

On average, analysts expect that Studio City International will report full year earnings of ($2.04) per share for the current year. For the next year, analysts expect that the business will report earnings of ($5.06) per share. Zacks’ EPS averages are a mean average based on a survey of research analysts that that provide coverage for Studio City International.

Studio City International (NYSE:MSC) last announced its earnings results on Tuesday, May 7th. The company reported $0.13 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.74) by $0.87. The business had revenue of $151.10 million during the quarter.

A number of brokerages have issued reports on MSC. Zacks Investment Research raised Studio City International from a “sell” rating to a “hold” rating in a research report on Tuesday, March 26th. Credit Suisse Group downgraded Studio City International from a “neutral” rating to an “underperform” rating in a report on Wednesday, March 6th.

Shares of MSC opened at $19.12 on Friday. Studio City International has a 52-week low of $12.73 and a 52-week high of $28.59. The company has a market capitalization of $1.55 billion and a price-to-earnings ratio of -79.67. The company has a current ratio of 1.49, a quick ratio of 1.46 and a debt-to-equity ratio of 1.31.

Several hedge funds and other institutional investors have recently modified their holdings of MSC. Morgan Stanley bought a new stake in shares of Studio City International in the 1st quarter valued at approximately $25,000. Citigroup Inc. bought a new position in Studio City International during the 4th quarter worth $27,000. Norges Bank bought a new position in Studio City International during the 4th quarter worth $54,000. Dean Capital Investments Management LLC bought a new position in Studio City International during the 4th quarter worth $647,000. Finally, Millennium Management LLC bought a new position in Studio City International during the 4th quarter worth $1,724,000. Institutional investors and hedge funds own 21.98% of the company’s stock.

Studio City International Company Profile

Studio City International Holdings Ltd. is a gaming, retail and entertainment resort located in Cotai, Macau. It engages in the hospitality business and provision of gaming related services in Macau. The company was founded on August 2, 2000 and is headquartered in Hong Kong.

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