NASDAQ:MLCO

Melco Resorts & Entertainment Stock Forecast, Price & News

$17.48
+0.22 (+1.27 %)
(As of 06/11/2021 12:00 AM ET)
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Today's Range
$17.27
$17.49
50-Day Range
$16.91
$21.21
52-Week Range
$14.50
$23.65
Volume2.34 million shs
Average Volume2.55 million shs
Market Capitalization$8.37 billion
P/E RatioN/A
Dividend YieldN/A
Beta1.78
30 days | 90 days | 365 days | Advanced Chart
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Melco Resorts & Entertainment logo

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. The company also operates Altira Macau, a casino hotel, which has approximately 112 gaming tables and 56 gaming machines; 230 hotel rooms; various fine dining and casual restaurants, and recreation and leisure facilities; and various non-gaming amenities comprising spa, gymnasium, outdoor garden podium, and sky terrace lounge. In addition, it operates Studio City, a cinematically-themed integrated entertainment, retail, and gaming resort that comprises 280 gaming tables and 980 gaming machines in Cotai, Macau. Further, the company owns and operates 7 Mocha Clubs with 1,034 gaming machines, as well as Taipa Square casino in Taipa Island, Macau. Additionally, it operates and manages City of Dreams Manila, a casino, hotel, retail, and entertainment integrated resort in the Entertainment City complex in Manila. The company was formerly known as Melco Crown Entertainment Limited and changed its name to Melco Resorts & Entertainment Limited in April 2017. Melco Resorts & Entertainment Limited was incorporated in 2004 and is based in Central, Hong Kong. As of February 16, 2017, Melco Resorts & Entertainment Limited operates as a subsidiary of Melco Leisure and Entertainment Group Limited.

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MarketRank

Overall MarketRank

1.22 out of 5 stars

Consumer Discretionary Sector

236th out of 596 stocks

Hotels & Motels Industry

22nd out of 42 stocks

Analyst Opinion: 2.3Community Rank: 2.4Dividend Strength: 0.0Insider Behavior: 0.8Valuation: 0.6 5 -4 -3 -2 -1 -
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Melco Resorts & Entertainment (NASDAQ:MLCO) Frequently Asked Questions

Is Melco Resorts & Entertainment a buy right now?

8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Melco Resorts & Entertainment in the last twelve months. There are currently 1 sell rating, 2 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" Melco Resorts & Entertainment stock.
View analyst ratings for Melco Resorts & Entertainment
or view top-rated stocks.

What stocks does MarketBeat like better than Melco Resorts & Entertainment?

Wall Street analysts have given Melco Resorts & Entertainment a "Buy" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but Melco Resorts & Entertainment wasn't one of them. MarketBeat thinks these five companies may be even better buys.
View MarketBeat's top stock picks here.

Are investors shorting Melco Resorts & Entertainment?

Melco Resorts & Entertainment saw a increase in short interest in May. As of May 28th, there was short interest totaling 6,630,000 shares, an increase of 39.9% from the May 13th total of 4,740,000 shares. Based on an average daily volume of 2,330,000 shares, the short-interest ratio is presently 2.8 days.
View Melco Resorts & Entertainment's Short Interest
.

When is Melco Resorts & Entertainment's next earnings date?

Melco Resorts & Entertainment is scheduled to release its next quarterly earnings announcement on Thursday, August 19th 2021.
View our earnings forecast for Melco Resorts & Entertainment
.

How were Melco Resorts & Entertainment's earnings last quarter?

Melco Resorts & Entertainment Limited (NASDAQ:MLCO) released its quarterly earnings results on Wednesday, April, 28th. The company reported ($0.49) EPS for the quarter, missing the Zacks' consensus estimate of ($0.36) by $0.13. The firm earned $518.90 million during the quarter, compared to analyst estimates of $704.33 million. Melco Resorts & Entertainment had a negative trailing twelve-month return on equity of 75.32% and a negative net margin of 78.87%. Melco Resorts & Entertainment's revenue was down 36.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned ($0.76) earnings per share.
View Melco Resorts & Entertainment's earnings history
.

How has Melco Resorts & Entertainment's stock been impacted by Coronavirus (COVID-19)?

Melco Resorts & Entertainment's stock was trading at $15.45 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, MLCO shares have increased by 13.1% and is now trading at $17.48.
View which stocks have been most impacted by COVID-19
.

What price target have analysts set for MLCO?

8 analysts have issued 12 month price targets for Melco Resorts & Entertainment's shares. Their forecasts range from $14.00 to $30.00. On average, they expect Melco Resorts & Entertainment's share price to reach $21.00 in the next year. This suggests a possible upside of 20.1% from the stock's current price.
View analysts' price targets for Melco Resorts & Entertainment
or view top-rated stocks among Wall Street analysts.

Who are Melco Resorts & Entertainment's key executives?

Melco Resorts & Entertainment's management team includes the following people:
  • Mr. Yau Lung Ho, Chairman and Chief Exec. Officer (Age 41)
  • Mr. Geoffrey Stuart Davis CFA, CFO, Exec. VP & Treasurer (Age 49)
  • Mr. Ross Dunwoody, VP of Investor Relations
  • Ms. Stephanie Cheung, Chief Legal Officer, Exec. VP and Company Sec. (Age 56)
  • Ms. Leanne Palmer, VP of Financial Compliance

Who are some of Melco Resorts & Entertainment's key competitors?

What other stocks do shareholders of Melco Resorts & Entertainment own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Melco Resorts & Entertainment investors own include Las Vegas Sands (LVS), Alibaba Group (BABA), MGM Resorts International (MGM), Micron Technology (MU), Wynn Resorts (WYNN), NVIDIA (NVDA), JD.com (JD), Tesla (TSLA), Twitter (TWTR) and Intel (INTC).

What is Melco Resorts & Entertainment's stock symbol?

Melco Resorts & Entertainment trades on the NASDAQ under the ticker symbol "MLCO."

Who are Melco Resorts & Entertainment's major shareholders?

Melco Resorts & Entertainment's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include Hardman Johnston Global Advisors LLC (4.30%), BlackRock Inc. (2.60%), Nuveen Asset Management LLC (1.73%), Coronation Fund Managers Ltd. (1.16%), ARGA Investment Management LP (1.00%) and Arrowstreet Capital Limited Partnership (0.84%).

Which major investors are selling Melco Resorts & Entertainment stock?

MLCO stock was sold by a variety of institutional investors in the last quarter, including Tremblant Capital Group, Coronation Fund Managers Ltd., Credit Suisse AG, Eminence Capital LP, Northern Trust Corp, Goldman Sachs Group Inc., Pinpoint Asset Management Ltd, and Barclays PLC.

Which major investors are buying Melco Resorts & Entertainment stock?

MLCO stock was acquired by a variety of institutional investors in the last quarter, including Nuveen Asset Management LLC, Hardman Johnston Global Advisors LLC, ARGA Investment Management LP, Long Pond Capital LP, BlackRock Inc., Harvest Fund Management Co. Ltd, Teacher Retirement System of Texas, and Sumitomo Mitsui Trust Holdings Inc..

How do I buy shares of Melco Resorts & Entertainment?

Shares of MLCO can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Melco Resorts & Entertainment's stock price today?

One share of MLCO stock can currently be purchased for approximately $17.48.

How much money does Melco Resorts & Entertainment make?

Melco Resorts & Entertainment has a market capitalization of $8.37 billion and generates $1.73 billion in revenue each year. The company earns $-1,263,490,000.00 in net income (profit) each year or ($2.49) on an earnings per share basis.

How many employees does Melco Resorts & Entertainment have?

Melco Resorts & Entertainment employs 19,746 workers across the globe.

What is Melco Resorts & Entertainment's official website?

The official website for Melco Resorts & Entertainment is www.melco-resorts.com.

Where are Melco Resorts & Entertainment's headquarters?

Melco Resorts & Entertainment is headquartered at 36TH FLOOR THE CENTRIUM. 60 WYNDHAM STREET CENTRAL, HONG KONG K3, .

How can I contact Melco Resorts & Entertainment?

Melco Resorts & Entertainment's mailing address is 36TH FLOOR THE CENTRIUM. 60 WYNDHAM STREET CENTRAL, HONG KONG K3, . The company can be reached via phone at 852-2598-3600 or via email at [email protected]


This page was last updated on 6/12/2021 by MarketBeat.com Staff
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