FY2026 Earnings Forecast for MLCO Issued By Seaport Res Ptn

Melco Resorts & Entertainment Limited (NASDAQ:MLCO - Free Report) - Analysts at Seaport Res Ptn dropped their FY2026 earnings per share (EPS) estimates for shares of Melco Resorts & Entertainment in a research note issued to investors on Friday, May 9th. Seaport Res Ptn analyst V. Umansky now forecasts that the company will post earnings per share of $0.20 for the year, down from their previous forecast of $0.26. The consensus estimate for Melco Resorts & Entertainment's current full-year earnings is $0.16 per share.

MLCO has been the topic of a number of other reports. Citigroup upgraded 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. Susquehanna reduced their price target on Melco Resorts & Entertainment from $10.00 to $9.00 and set a "positive" rating for the company in a research report on Monday, February 3rd. Morgan Stanley raised Melco Resorts & Entertainment from an "equal weight" rating to an "overweight" rating and reduced their price target for the company from $7.50 to $6.70 in a research report on Monday, March 3rd. Finally, UBS Group cut Melco Resorts & Entertainment from a "buy" rating to a "sell" rating and set a $4.60 price target for the company. in a research report on Wednesday, April 30th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $6.84.

Melco Resorts & Entertainment Stock Performance

NASDAQ:MLCO traded up $0.10 on Monday, reaching $6.44. The company's stock had a trading volume of 2,901,211 shares, compared to its average volume of 3,737,686. Melco Resorts & Entertainment has a 1-year low of $4.55 and a 1-year high of $8.90. The firm has a market cap of $2.74 billion, a PE ratio of -29.27, a PEG ratio of 0.63 and a beta of 0.71. The business's 50-day moving average price is $5.33 and its two-hundred day moving average price is $5.76.

Melco Resorts & Entertainment (NASDAQ:MLCO - Get Free Report) last released its earnings results on Thursday, May 8th. The company reported $0.12 earnings per share for the quarter, topping analysts' consensus estimates of ($0.01) by $0.13. Melco Resorts & Entertainment had a negative return on equity of 16.35% and a negative net margin of 2.04%. The company had revenue of $1.23 billion during the quarter, compared to the consensus estimate of $1.21 billion. During the same quarter in the previous year, the company posted $0.04 earnings per share. The firm's quarterly revenue was up 10.8% on a year-over-year basis.

Institutional Investors Weigh In On Melco Resorts & Entertainment

A number of large investors have recently added to or reduced their stakes in the stock. Caitong International Asset Management Co. Ltd acquired a new stake in shares of Melco Resorts & Entertainment in the 1st quarter valued at $34,000. GAMMA Investing LLC boosted its holdings in shares of Melco Resorts & Entertainment by 140.7% in the 4th quarter. GAMMA Investing LLC now owns 7,533 shares of the company's stock valued at $44,000 after purchasing an additional 4,403 shares in the last quarter. Brown Advisory Inc. acquired a new stake in shares of Melco Resorts & Entertainment in the 1st quarter valued at $53,000. Patriot Financial Group Insurance Agency LLC acquired a new stake in shares of Melco Resorts & Entertainment in the 4th quarter valued at $58,000. Finally, Aigen Investment Management LP acquired a new stake in shares of Melco Resorts & Entertainment in the 1st quarter valued at $59,000. Institutional investors and hedge funds own 39.62% of the company's stock.

About Melco Resorts & Entertainment

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.