Analysts Expect Studio City International Holdings Ltd (NYSE:MSC) Will Post Earnings of $0.37 Per Share

Wall Street brokerages expect Studio City International Holdings Ltd (NYSE:MSC) to announce $0.37 earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Zero analysts have made estimates for Studio City International’s earnings. Studio City International posted earnings of $0.12 per share during the same quarter last year, which indicates a positive year over year growth rate of 208.3%. The business is scheduled to announce its next quarterly earnings results on Tuesday, February 18th.

On average, analysts expect that Studio City International will report full-year earnings of $0.65 per share for the current fiscal year. For the next year, analysts anticipate that the firm will post earnings of $0.47 per share. Zacks Investment Research’s earnings per share calculations are an average based on a survey of research firms that follow Studio City International.

A number of brokerages have commented on MSC. ValuEngine upgraded Studio City International from a “sell” rating to a “hold” rating in a research note on Thursday. Credit Suisse Group cut Studio City International from a “neutral” rating to an “underperform” rating and reduced their price objective for the stock from $20.60 to $16.10 in a research note on Wednesday, February 5th. Finally, Zacks Investment Research cut Studio City International from a “buy” rating to a “hold” rating in a research note on Tuesday, January 28th.

A hedge fund recently raised its stake in Studio City International stock. Millennium Management LLC lifted its holdings in shares of Studio City International Holdings Ltd (NYSE:MSC) by 79.5% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 91,543 shares of the company’s stock after acquiring an additional 40,543 shares during the quarter. Millennium Management LLC owned 0.12% of Studio City International worth $1,840,000 as of its most recent filing with the SEC. Institutional investors own 22.15% of the company’s stock.

Shares of MSC opened at $19.86 on Wednesday. The stock’s 50-day moving average is $19.80 and its two-hundred day moving average is $19.65. The stock has a market cap of $1.56 billion, a PE ratio of 44.13 and a beta of -1.03. Studio City International has a 12 month low of $14.80 and a 12 month high of $21.22. The company has a debt-to-equity ratio of 1.29, a current ratio of 1.66 and a quick ratio of 1.64.

About Studio City International

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.

Further Reading: Equal Weight Rating

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