What is Seaport Res Ptn's Estimate for MLCO FY2026 Earnings?

Key Points

• Seaport Res Ptn has raised its FY2026 earnings estimate for Melco Resorts & Entertainment to $0.79 per share, an increase from the previous estimate of $0.55.
• Multiple analysts have upgraded Melco's stock ratings, with Citigroup increasing its price target from $11.00 to $11.50 and assigning a "buy" rating.
• The current consensus rating for Melco Resorts & Entertainment is a "Moderate Buy", with an average target price of $8.15.

Melco Resorts & Entertainment Limited (NASDAQ:MLCO - Free Report) - Equities researchers at Seaport Res Ptn boosted their FY2026 earnings estimates for Melco Resorts & Entertainment in a report released on Wednesday, October 1st. Seaport Res Ptn analyst V. Umansky now expects that the company will earn $0.79 per share for the year, up from their prior forecast of $0.55. The consensus estimate for Melco Resorts & Entertainment's current full-year earnings is $0.16 per share.

Other equities analysts also recently issued research reports about the company. Citigroup lifted their price objective on Melco Resorts & Entertainment from $11.00 to $11.50 and gave the stock a "buy" rating in a research report on Friday, August 1st. CLSA raised Melco Resorts & Entertainment from a "hold" rating to an "outperform" rating in a research note on Wednesday, September 3rd. Susquehanna boosted their price target on shares of Melco Resorts & Entertainment from $8.00 to $10.00 and gave the company a "positive" rating in a research report on Wednesday, July 30th. Zacks Research raised shares of Melco Resorts & Entertainment from a "hold" rating to a "strong-buy" rating in a report on Thursday, September 4th. Finally, JPMorgan Chase & Co. raised shares of Melco Resorts & Entertainment from a "neutral" rating to an "overweight" rating and lifted their target price for the stock from $7.20 to $9.50 in a research note on Tuesday, July 1st. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, Melco Resorts & Entertainment presently has a consensus rating of "Moderate Buy" and an average target price of $8.15.

Melco Resorts & Entertainment Price Performance

Shares of Melco Resorts & Entertainment stock opened at $8.93 on Friday. The stock's 50 day simple moving average is $9.29 and its 200-day simple moving average is $7.34. The stock has a market cap of $3.75 billion, a P/E ratio of 68.70 and a beta of 0.71. Melco Resorts & Entertainment has a 1-year low of $4.55 and a 1-year high of $10.15.

Melco Resorts & Entertainment (NASDAQ:MLCO - Get Free Report) last announced its quarterly earnings data on Thursday, July 31st. The company reported $0.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.09 by $0.14. Melco Resorts & Entertainment had a net margin of 1.15% and a negative return on equity of 18.47%. The company had revenue of $1.33 billion during the quarter, compared to analysts' expectations of $1.20 billion. During the same quarter in the prior year, the company earned $0.05 EPS. Melco Resorts & Entertainment's revenue was up 14.5% compared to the same quarter last year.

Institutional Trading of Melco Resorts & Entertainment

Institutional investors and hedge funds have recently bought and sold shares of the business. Osaic Holdings Inc. boosted its stake in shares of Melco Resorts & Entertainment by 8.3% in the second quarter. Osaic Holdings Inc. now owns 16,990 shares of the company's stock valued at $123,000 after purchasing an additional 1,295 shares during the period. Orion Porfolio Solutions LLC boosted its position in Melco Resorts & Entertainment by 15.5% in the 2nd quarter. Orion Porfolio Solutions LLC now owns 13,556 shares of the company's stock valued at $98,000 after buying an additional 1,819 shares during the period. Hudson Bay Capital Management LP grew its stake in shares of Melco Resorts & Entertainment by 271.3% in the second quarter. Hudson Bay Capital Management LP now owns 1,473,502 shares of the company's stock worth $10,653,000 after acquiring an additional 1,076,606 shares in the last quarter. Sender Co & Partners Inc. purchased a new stake in shares of Melco Resorts & Entertainment during the second quarter worth $251,000. Finally, Vident Advisory LLC increased its position in shares of Melco Resorts & Entertainment by 77.3% during the second quarter. Vident Advisory LLC now owns 30,847 shares of the company's stock worth $223,000 after acquiring an additional 13,448 shares during the period. 39.62% of the stock is currently owned by hedge funds and other institutional investors.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.