Analysts Anticipate Studio City International Holdings Ltd (NYSE:MSC) to Post ($0.49) Earnings Per Share

Shares of Studio City International Holdings Ltd (NYSE:MSC) have earned a consensus broker rating score of 4.30 (Sell) from the one brokers that cover the company, Zacks Investment Research reports. One research analyst has rated the stock with a strong sell recommendation.

Brokers have set a 1 year consensus target price of $16.00 for the company and are predicting that the company will post ($0.49) EPS for the current quarter, according to Zacks. Zacks has also given Studio City International an industry rank of 201 out of 256 based on the ratings given to related companies.

Separately, Zacks Investment Research upgraded shares of HB Fuller from a “sell” rating to a “hold” rating in a report on Tuesday, June 11th.



A number of hedge funds and other institutional investors have recently modified their holdings of MSC. Citigroup Inc. bought a new position in Studio City International in the 4th quarter worth $27,000. Norges Bank bought a new position in Studio City International in the 4th quarter worth $54,000. Millennium Management LLC bought a new position in Studio City International in the 4th quarter worth $1,724,000. Finally, FMR LLC bought a new position in Studio City International in the 4th quarter worth $33,440,000. Institutional investors and hedge funds own 21.98% of the company’s stock.

NYSE:MSC traded down $0.01 during midday trading on Monday, reaching $19.49. 412 shares of the stock traded hands, compared to its average volume of 2,675. The business has a fifty day moving average of $20.12. Studio City International has a 12 month low of $12.73 and a 12 month high of $28.59. The company has a quick ratio of 1.46, a current ratio of 1.49 and a debt-to-equity ratio of 1.31. The firm has a market capitalization of $1.53 billion and a PE ratio of -81.21.

Studio City International (NYSE:MSC) last posted its quarterly earnings results on Tuesday, May 7th. The company reported $0.13 EPS for the quarter, beating the Zacks’ consensus estimate of ($0.74) by $0.87. The firm had revenue of $151.10 million for the quarter. As a group, analysts forecast that Studio City International will post -1.04 EPS for the current fiscal year.

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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