Wall Street analysts expect Studio City International Holdings Ltd (NYSE:MSC) to announce earnings of ($0.74) per share for the current fiscal quarter, Zacks Investment Research reports. Zero analysts have issued estimates for Studio City International’s earnings. The company is scheduled to report its next earnings report on Monday, January 1st.

On average, analysts expect that Studio City International will report full year earnings of ($2.04) per share for the current financial year. For the next fiscal year, analysts anticipate that the firm will report earnings of ($5.06) per share. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side analysts that follow Studio City International.

Several analysts have recently commented on MSC shares. Zacks Investment Research raised shares of Studio City International from a “hold” rating to a “buy” rating and set a $18.00 price objective on the stock in a report on Tuesday, January 15th. ValuEngine downgraded shares of Studio City International from a “buy” rating to a “hold” rating in a report on Monday, February 4th. Finally, Credit Suisse Group downgraded shares of Studio City International from a “neutral” rating to an “underperform” rating in a report on Wednesday, March 6th.

Studio City International stock traded up $0.27 during mid-day trading on Thursday, reaching $16.02. 6,100 shares of the company traded hands, compared to its average volume of 5,322. The firm has a market capitalization of $1.50 billion and a price-to-earnings ratio of -66.47. The company has a current ratio of 1.05, a quick ratio of 1.02 and a debt-to-equity ratio of 1.15. Studio City International has a fifty-two week low of $12.73 and a fifty-two week high of $28.59.

Hedge funds have recently added to or reduced their stakes in the company. Dean Capital Investments Management LLC purchased a new stake in shares of Studio City International in the 4th quarter valued at $647,000. FMR LLC purchased a new stake in shares of Studio City International in the 4th quarter valued at $33,440,000. NINE MASTS CAPITAL Ltd purchased a new stake in shares of Studio City International in the 4th quarter valued at $3,485,000. Millennium Management LLC purchased a new stake in shares of Studio City International in the 4th quarter valued at $1,724,000. Finally, Norges Bank purchased a new stake in shares of Studio City International in the 4th quarter valued at $54,000. 18.72% of the stock is currently owned by institutional investors and hedge funds.

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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