Membership Collective Group (NYSE:MCG – Get Rating) posted its quarterly earnings results on Wednesday. The company reported ($0.30) EPS for the quarter, missing analysts’ consensus estimates of ($0.19) by ($0.11), reports. The company had revenue of $192.01 million during the quarter, compared to analyst estimates of $203.76 million. Membership Collective Group updated its FY 2022 guidance to EPS.
Shares of MCG stock traded down $0.26 during trading hours on Friday, hitting $7.86. 160,669 shares of the company were exchanged, compared to its average volume of 353,590. The firm has a market cap of $483.68 million and a P/E ratio of -5.07. Membership Collective Group has a fifty-two week low of $5.96 and a fifty-two week high of $14.87. The company has a debt-to-equity ratio of 3.55, a quick ratio of 0.90 and a current ratio of 0.99. The company has a 50 day simple moving average of $7.57 and a two-hundred day simple moving average of $9.51.
Several brokerages have commented on MCG. Loop Capital lowered their target price on Membership Collective Group from $14.00 to $8.00 and set a “hold” rating for the company in a research note on Monday, March 21st. The Goldman Sachs Group reduced their price target on Membership Collective Group from $13.00 to $9.50 and set a “sell” rating on the stock in a report on Tuesday, March 22nd. Citigroup reduced their price target on Membership Collective Group from $18.00 to $14.00 and set a “buy” rating on the stock in a report on Monday, March 28th. Zacks Investment Research upgraded Membership Collective Group from a “sell” rating to a “hold” rating in a report on Thursday, May 12th. Finally, Morgan Stanley reduced their price target on Membership Collective Group from $16.00 to $11.00 and set an “overweight” rating on the stock in a report on Thursday, March 17th. One analyst has rated the stock with a sell rating, two have given a hold rating and six have given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of $13.14.
About Membership Collective Group (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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