Zacks: Analysts Expect Studio City International Holdings Ltd (NYSE:MSC) to Post -$0.41 Earnings Per Share

Wall Street analysts predict that Studio City International Holdings Ltd (NYSE:MSC) will report ($0.41) earnings per share for the current quarter, Zacks reports. Zero analysts have provided estimates for Studio City International’s earnings. The firm is scheduled to announce its next quarterly earnings results on Monday, January 1st.

On average, analysts expect that Studio City International will report full year earnings of ($1.04) per share for the current year. For the next financial year, analysts forecast that the business will report earnings of ($3.58) per share. Zacks’ earnings per share averages are a mean average based on a survey of sell-side research firms that that provide coverage for Studio City International.

Separately, Zacks Investment Research lowered shares of Studio City International from a “buy” rating to a “hold” rating in a research note on Wednesday, August 7th.

Large investors have recently added to or reduced their stakes in the business. Norges Bank purchased a new stake in shares of Studio City International during the fourth quarter valued at about $54,000. Millennium Management LLC purchased a new stake in Studio City International in the fourth quarter valued at approximately $1,724,000. Finally, FMR LLC purchased a new stake in Studio City International in the fourth quarter valued at approximately $33,440,000. Institutional investors and hedge funds own 21.98% of the company’s stock.

NYSE:MSC remained flat at $$19.50 on Wednesday. 300 shares of the company’s stock were exchanged, compared to its average volume of 5,172. The firm has a market capitalization of $1.53 billion and a price-to-earnings ratio of -81.25. The company has a quick ratio of 1.56, a current ratio of 1.59 and a debt-to-equity ratio of 1.30. Studio City International has a 1-year low of $12.73 and a 1-year high of $28.59. The firm’s 50 day moving average is $20.12.

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.

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