Melco Resorts & Entertainment (NASDAQ:MLCO - Get Free Report) is projected to announce its Q1 2025 earnings results before the market opens on Tuesday, April 29th. Analysts expect the company to announce earnings of ($0.04) per share and revenue of $1.21 billion for the quarter.
Melco Resorts & Entertainment Price Performance
Melco Resorts & Entertainment stock remained flat at $5.10 during trading on Friday. The company had a trading volume of 3,471,739 shares, compared to its average volume of 3,831,256. Melco Resorts & Entertainment has a one year low of $4.55 and a one year high of $8.90. The business's 50 day moving average is $5.33 and its 200-day moving average is $5.90. The stock has a market capitalization of $2.17 billion, a price-to-earnings ratio of -23.18, a price-to-earnings-growth ratio of 0.63 and a beta of 0.87.
Wall Street Analyst Weigh In
MLCO has been the topic of a number of recent analyst reports. Citigroup raised Melco Resorts & Entertainment from a "neutral" rating to a "buy" rating and set a $6.25 price target on the stock in a report on Thursday, April 10th. Morgan Stanley raised Melco Resorts & Entertainment from an "equal weight" rating to an "overweight" rating and decreased their price target for the company from $7.50 to $6.70 in a report on Monday, March 3rd. Finally, Susquehanna decreased their price target on Melco Resorts & Entertainment from $10.00 to $9.00 and set a "positive" rating on the stock in a report on Monday, February 3rd. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $7.29.
View Our Latest Analysis on MLCO
Melco Resorts & Entertainment Company Profile
(
Get Free Report)
Melco Resorts & Entertainment Limited, through its subsidiaries, develops, owns, and operates casino gaming and entertainment casino resort facilities in Asia. It owns and operates City of Dreams, an integrated casino resort that has 500 gaming tables and 800 gaming machines; approximately 1,400 hotel rooms and suites; a wet stage performance theater with approximately 2,000 seats; approximately 30 restaurants and bars, and 150 retail outlets; and recreation and leisure facilities, including health and fitness clubs, swimming pools, spa and salons, and banquet and meeting facilities.
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