Studio City Ih (NYSE:MSC) Issues Earnings Results

Studio City Ih (NYSE:MSC) released its quarterly earnings data on Wednesday. The company reported ($0.08) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.42) by $0.34, FiscalAI reports. The company had revenue of $164.56 million for the quarter, compared to the consensus estimate of $190.12 million. Studio City Ih had a negative return on equity of 9.26% and a negative net margin of 7.79%.During the same period in the previous year, the business earned ($0.02) earnings per share.

Studio City Ih Stock Performance

Studio City Ih stock opened at $1.80 on Friday. The firm has a market capitalization of $379.29 million, a P/E ratio of -6.43 and a beta of 0.14. The stock has a fifty day moving average price of $1.85 and a two-hundred day moving average price of $2.41. Studio City Ih has a 52-week low of $1.57 and a 52-week high of $6.63. The company has a debt-to-equity ratio of 3.70, a current ratio of 0.76 and a quick ratio of 0.21.

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.