Zacks: Analysts Anticipate Studio City International Holdings Ltd (MSC) Will Post Earnings of -$0.74 Per Share

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Equities research analysts predict that Studio City International Holdings Ltd (NYSE:MSC) will announce earnings per share (EPS) of ($0.74) for the current fiscal quarter, Zacks Investment Research reports. Zero analysts have provided estimates for Studio City International’s earnings. The firm is expected to issue its next earnings results on Monday, January 1st.

According to Zacks, analysts expect that Studio City International will report full-year earnings of ($2.04) per share for the current fiscal year. For the next year, analysts anticipate that the firm will report earnings of ($5.06) per share. Zacks’ earnings per share calculations are an average based on a survey of sell-side analysts that that provide coverage for Studio City International.

MSC has been the topic of a number of research reports. Zacks Investment Research cut shares of Studio City International from a “buy” rating to a “hold” rating in a report on Thursday, February 21st. Credit Suisse Group cut shares of Studio City International from a “neutral” rating to an “underperform” rating in a report on Wednesday, March 6th. Finally, ValuEngine cut shares of Studio City International from a “buy” rating to a “hold” rating in a report on Monday, February 4th.

Shares of NYSE MSC traded up $0.27 during midday trading on Thursday, reaching $16.02. The company’s stock had a trading volume of 6,100 shares, compared to its average volume of 5,322. Studio City International has a 12-month low of $12.73 and a 12-month high of $28.59. The company has a market capitalization of $1.50 billion and a PE ratio of -66.47. The company has a quick ratio of 1.02, a current ratio of 1.05 and a debt-to-equity ratio of 1.15.

Several large investors have recently bought and sold shares of the stock. FMR LLC bought a new stake in shares of Studio City International in the 4th quarter worth approximately $33,440,000. NINE MASTS CAPITAL Ltd bought a new stake in shares of Studio City International in the 4th quarter worth approximately $3,485,000. Millennium Management LLC bought a new stake in shares of Studio City International in the 4th quarter worth approximately $1,724,000. Dean Capital Investments Management LLC bought a new stake in shares of Studio City International in the 4th quarter worth approximately $647,000. Finally, Norges Bank bought a new stake in shares of Studio City International in the 4th quarter worth approximately $54,000. 18.72% of the stock is currently owned by institutional investors.

About Studio City International

Studio City International Holdings Limited operates a gaming, retail, and entertainment resort in Cotai, Macau. The company also operates Studio City Casino with 250 mass market gaming tables; approximately 970 gaming machines; and 45 VIP rolling chip tables. In addition, its resort provides various non-gaming facilities, including approximately 1,600 hotel rooms; various food and beverage establishments; retail space; figure-8 Ferris wheel; a Warner Bros.-themed family entertainment center; a 4-D Batman flight simulator; a night club; and a 5,000-seat live performance arena.

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