Studio City Ih (NYSE:MSC) Issues Quarterly Earnings Results

Studio City Ih (NYSE:MSC) announced its quarterly earnings data on Thursday. The company reported $0.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.28) by $0.29, Zacks reports. The business had revenue of $176.72 million during the quarter, compared to analyst estimates of $176.72 million. Studio City Ih had a negative net margin of 5.68% and a negative return on equity of 6.80%.

Studio City Ih Stock Performance

Studio City Ih stock opened at $2.25 on Monday. The company’s 50-day moving average price is $2.78 and its 200-day moving average price is $3.27. The company has a quick ratio of 0.68, a current ratio of 0.73 and a debt-to-equity ratio of 3.53. The company has a market cap of $473.07 million, a PE ratio of -10.20 and a beta of 0.09. Studio City Ih has a twelve month low of $2.10 and a twelve month high of $6.63.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Studio City Ih in a research note on Thursday, January 22nd. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Sell”.

About Studio City Ih

Studio City International Holdings Limited (NYSE: MSC) is a Cayman Islands–incorporated company that develops, owns and operates the Studio City integrated resort on the Cotai Strip in Macau. The business is principally engaged in gaming and non-gaming operations, including hotel accommodations, retail concessions, food and beverage outlets, live entertainment and themed attractions. Studio City is designed to cater to both mass-market and premium gaming customers while also appealing to family and leisure travelers through its entertainment and retail offerings.

The centerpiece of the company’s portfolio is the Studio City resort, which opened in October 2015 and features two landmark hotel towers, more than 1,600 guest rooms and suites, over 160,000 square feet of retail space, a range of dining concepts and convention facilities.