Research Analysts Issue Forecasts for Membership Collective Group Inc.’s Q1 2022 Earnings (NYSE:MCG)

Membership Collective Group Inc. (NYSE:MCGGet Rating) – Analysts at William Blair issued their Q1 2022 EPS estimates for shares of Membership Collective Group in a research note issued to investors on Monday, May 9th. William Blair analyst S. Zackfia anticipates that the company will post earnings per share of ($0.20) for the quarter. William Blair also issued estimates for Membership Collective Group’s Q2 2022 earnings at ($0.17) EPS, Q3 2022 earnings at ($0.01) EPS, Q4 2022 earnings at ($0.02) EPS, FY2022 earnings at ($0.41) EPS and FY2023 earnings at ($0.15) EPS.

Membership Collective Group (NYSE:MCGGet Rating) last released its quarterly earnings data on Wednesday, March 16th. The company reported ($0.15) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.16) by $0.01. The business had revenue of $184.52 million for the quarter, compared to analysts’ expectations of $188.74 million.

MCG has been the topic of several other reports. Citigroup cut their price target on shares of Membership Collective Group from $18.00 to $14.00 and set a “buy” rating on the stock in a report on Monday, March 28th. Loop Capital cut their price target on shares of Membership Collective Group from $14.00 to $8.00 and set a “hold” rating on the stock in a report on Monday, March 21st. Zacks Investment Research upgraded shares of Membership Collective Group from a “sell” rating to a “hold” rating in a research note on Thursday. Morgan Stanley lowered their target price on shares of Membership Collective Group from $16.00 to $11.00 and set an “overweight” rating for the company in a research note on Thursday, March 17th. Finally, The Goldman Sachs Group lowered their target price on shares of Membership Collective Group from $13.00 to $9.50 and set a “sell” rating for the company in a research note on Tuesday, March 22nd. One analyst has rated the stock with a sell rating, two have assigned a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $13.14.

NYSE MCG opened at $7.83 on Thursday. The company’s fifty day simple moving average is $7.48 and its 200-day simple moving average is $9.57. Membership Collective Group has a 52 week low of $5.96 and a 52 week high of $14.87. The company has a debt-to-equity ratio of 3.55, a current ratio of 0.99 and a quick ratio of 0.90.

A number of hedge funds have recently made changes to their positions in MCG. BlackRock Inc. bought a new position in Membership Collective Group in the third quarter worth $1,614,000. Teacher Retirement System of Texas bought a new position in shares of Membership Collective Group during the third quarter valued at $622,000. Citigroup Inc. bought a new position in shares of Membership Collective Group during the third quarter valued at $157,000. Geode Capital Management LLC bought a new position in shares of Membership Collective Group during the third quarter valued at $2,950,000. Finally, CNA Financial Corp bought a new position in shares of Membership Collective Group during the third quarter valued at $352,000. Institutional investors own 71.84% of the company’s stock.

Membership Collective Group Company Profile (Get Rating)

Membership Collective Group Inc operates a global membership platform of physical and digital spaces that connects members worldwide. The company's members use the MCG platform to work and socialize, connect, create, and have fun. As of January 2, 2022, it served approximately 155,800 members through a portfolio of 33 Soho Houses, 9 Soho Works clubs, The Ned in London, Soho Home, and Scorpios Beach Club in Mykonos, as well as digital channels.

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