Studio City International Holdings Ltd (NYSE:MSC) Expected to Post Earnings of $0.35 Per Share

Equities research analysts expect Studio City International Holdings Ltd (NYSE:MSC) to post earnings of $0.35 per share for the current fiscal quarter, Zacks reports. Zero analysts have provided estimates for Studio City International’s earnings. Studio City International reported earnings of $0.12 per share in the same quarter last year, which indicates a positive year over year growth rate of 191.7%. The firm is expected to announce its next earnings report on Tuesday, February 18th.

On average, analysts expect that Studio City International will report full-year earnings of $0.62 per share for the current fiscal year. For the next year, analysts forecast that the business will post earnings of ($0.27) per share. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side analysts that follow Studio City International.

Studio City International (NYSE:MSC) last posted its quarterly earnings results on Wednesday, October 30th. The company reported $0.23 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.11 by $0.12. Studio City International had a net margin of 2.12% and a return on equity of 2.77%. The business had revenue of $158.10 million during the quarter.

MSC has been the topic of a number of research reports. Zacks Investment Research upgraded Studio City International from a “hold” rating to a “buy” rating and set a $22.00 price target on the stock in a research report on Friday, September 20th. ValuEngine raised Studio City International from a “hold” rating to a “buy” rating in a report on Tuesday, November 5th.

Shares of MSC stock opened at $20.20 on Friday. The company has a market cap of $1.59 billion, a P/E ratio of -84.17 and a beta of -1.08. The business has a 50 day moving average of $19.29 and a two-hundred day moving average of $19.64. Studio City International has a 52 week low of $12.73 and a 52 week high of $21.22. The company has a quick ratio of 1.64, a current ratio of 1.66 and a debt-to-equity ratio of 1.29.

A hedge fund recently raised its stake in Studio City International stock. Millennium Management LLC raised its holdings in shares of Studio City International Holdings Ltd (NYSE:MSC) by 79.5% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 91,543 shares of the company’s stock after acquiring an additional 40,543 shares during the period. Millennium Management LLC owned approximately 0.12% of Studio City International worth $1,840,000 as of its most recent SEC filing. 22.15% of the stock is currently owned by institutional investors and hedge funds.

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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