Studio City Ih (NYSE:MSC) Posts Earnings Results, Beats Estimates By $0.34 EPS

Studio City Ih (NYSE:MSC) announced its quarterly earnings data on Thursday. The company reported ($0.08) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.42) by $0.34, FiscalAI reports. Studio City Ih had a negative return on equity of 6.90% and a negative net margin of 5.68%.During the same period in the prior year, the business posted ($0.02) EPS.

Studio City Ih Trading Up 2.9%

MSC stock traded up $0.05 during mid-day trading on Thursday, reaching $1.79. The company’s stock had a trading volume of 6,461 shares, compared to its average volume of 14,325. The company has a market cap of $377.19 million, a price-to-earnings ratio of -8.13 and a beta of 0.14. Studio City Ih has a 12 month low of $1.57 and a 12 month high of $6.63. The business’s 50 day moving average price is $1.91 and its 200 day moving average price is $2.47. The company has a current ratio of 0.23, a quick ratio of 0.21 and a debt-to-equity ratio of 3.03.

Studio City Ih Company Profile

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.