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Small Caps That Have Priced In A Hard Landing For Big Upside
S&P 500   4,337.44
DOW   34,006.88
QQQ   359.61
3 Blue Chip Safe Havens to Shield Your Portfolio
Laser breakthrough could send stock soaring 2,467% (Ad)
Is Jet Blue's Descent Into Penny Stock Territory an Opportunity?
Are Gene Therapy Stocks The Market's Next Big Winners?
His system isolated NVIDIA - Here's His Next Buy. (Ad)
3 Stocks That Flourish In The Fall
Buy The World’s Largest IT Infrastructure Provider For Under $20
3 Words and a 3,000% Return (Ad)
2 Must-Have Silicon Companies That Don't Make Microchips
Small Caps That Have Priced In A Hard Landing For Big Upside
S&P 500   4,337.44
DOW   34,006.88
QQQ   359.61
3 Blue Chip Safe Havens to Shield Your Portfolio
Laser breakthrough could send stock soaring 2,467% (Ad)
Is Jet Blue's Descent Into Penny Stock Territory an Opportunity?
Are Gene Therapy Stocks The Market's Next Big Winners?
His system isolated NVIDIA - Here's His Next Buy. (Ad)
3 Stocks That Flourish In The Fall
Buy The World’s Largest IT Infrastructure Provider For Under $20
3 Words and a 3,000% Return (Ad)
2 Must-Have Silicon Companies That Don't Make Microchips
Small Caps That Have Priced In A Hard Landing For Big Upside
S&P 500   4,337.44
DOW   34,006.88
QQQ   359.61
3 Blue Chip Safe Havens to Shield Your Portfolio
Laser breakthrough could send stock soaring 2,467% (Ad)
Is Jet Blue's Descent Into Penny Stock Territory an Opportunity?
Are Gene Therapy Stocks The Market's Next Big Winners?
His system isolated NVIDIA - Here's His Next Buy. (Ad)
3 Stocks That Flourish In The Fall
Buy The World’s Largest IT Infrastructure Provider For Under $20
3 Words and a 3,000% Return (Ad)
2 Must-Have Silicon Companies That Don't Make Microchips
Small Caps That Have Priced In A Hard Landing For Big Upside
NASDAQ:MLCO

Melco Resorts & Entertainment (MLCO) Stock Forecast, Price & News

$9.52
-0.26 (-2.66%)
(As of 09/25/2023 ET)
Compare
Today's Range
$9.48
▼
$9.63
50-Day Range
$9.52
▼
$13.62
52-Week Range
$4.72
▼
$14.45
Volume
1.18 million shs
Average Volume
3.19 million shs
Market Capitalization
$4.24 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$14.83
ProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial Media

Melco Resorts & Entertainment MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.80 Rating Score
Upside/​Downside
47.1% Upside
$14.00 Price Target
Short Interest
Healthy
1.65% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
1.12mentions of Melco Resorts & Entertainment in the last 14 days
Based on 7 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
Growing
From ($0.16) to $0.71 Per Share

Overall MarketRank™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.33 out of 5 stars

Consumer Discretionary Sector

133rd out of 268 stocks

Hotels & Motels Industry

14th out of 27 stocks

See Top Rated MarketRank™ Stocks Here

MLCO stock logo

About Melco Resorts & Entertainment (NASDAQ:MLCO) Stock

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.

MLCO Price History

MLCO Stock News Headlines

September 25, 2023 | msn.com
Melco's Debt Is A Bit Concerning
September 24, 2023 | americanbankingnews.com
Melco Resorts & Entertainment (NASDAQ:MLCO) Stock Rating Upgraded by StockNews.com
September 26, 2023 | Behind the Markets (Ad)
BREAKING: Tiny biotech successfully treats blindness
There's a tiny biotech in Cambridge that's using a breakthrough technology to treat blindness. This company has already shown success in human trials... And Our research shows that anyone who gets in today could see a 46,751% return.
September 19, 2023 | finance.yahoo.com
Is Melco Resorts and Entertainment (MLCO) Too Good to Be True? A Comprehensive Analysis of a ...
September 19, 2023 | americanbankingnews.com
Melco Resorts & Entertainment Limited (NASDAQ:MLCO) Given Average Recommendation of "Moderate Buy" by Brokerages
September 10, 2023 | morningstar.com
Melco Resorts and Entertainment Ltd ADR
August 28, 2023 | msn.com
Saying No To Plastic: Melco Resorts & Entertainment Implements NORDAQ Water Filtration System In Its Resorts
August 28, 2023 | finance.yahoo.com
Melco becomes world’s first integrated resort operator to launch the NORDAQ water filtration system across its global resorts
September 26, 2023 | Behind the Markets (Ad)
BREAKING: Tiny biotech successfully treats blindness
There's a tiny biotech in Cambridge that's using a breakthrough technology to treat blindness. This company has already shown success in human trials... And Our research shows that anyone who gets in today could see a 46,751% return.
August 5, 2023 | finance.yahoo.com
At US$12.86, Is Melco Resorts & Entertainment Limited (NASDAQ:MLCO) Worth Looking At Closely?
August 4, 2023 | seekingalpha.com
Melco Resorts & Entertainment Limited 2023 Q2 - Results - Earnings Call Presentation
August 2, 2023 | markets.businessinsider.com
Melco Resorts & Entertainment (MLCO) Gets a Hold from HSBC
August 1, 2023 | msn.com
Melco Resorts & Entertainment Q2 Revenue Jumps 220%, Sees Recovery In Macau On Easing Labor Supply Issues
August 1, 2023 | finance.yahoo.com
Melco Announces Unaudited Second Quarter 2023 Earnings
July 31, 2023 | benzinga.com
Melco Resorts and Enter Earnings Preview
July 19, 2023 | msn.com
Macquarie Initiates Coverage of Melco Resorts & Entertainment Ltd - ADR (MLCO) with Outperform Recommendation
July 13, 2023 | msn.com
Galaxy Entertainment and Melco Resorts are called Macau casino stock standouts by CBRE
July 11, 2023 | msn.com
Melco Resorts opens Europe's largest casino complex in Cyprus
July 3, 2023 | finance.yahoo.com
Melco’s City of Dreams Mediterranean is honored with three accolades at The European Property Awards 2023
July 3, 2023 | finance.yahoo.com
Melco’s City of Dreams Mediterranean is honored with three accolades at The European Property Awards 2023
June 26, 2023 | msn.com
Melco Resorts & Entertainment: Highly Levered With Weak Coverage
June 21, 2023 | msn.com
4 big analyst picks: Spotify gains on upgrade, Ball raised to Equal-weight
June 21, 2023 | nasdaq.com
Credit Suisse Upgrades Melco Resorts & Entertainment Ltd - ADR (MLCO)
June 20, 2023 | msn.com
Melco Resorts raised to Buy due to attractive valuation, upcoming catalysts
June 13, 2023 | finance.yahoo.com
Melco honored as Corporate Social Responsibility of the Year by Global Gaming Awards Asia-Pacific 2023 for second consecutive year
June 8, 2023 | finance.yahoo.com
Estimating The Intrinsic Value Of Melco Resorts & Entertainment Limited (NASDAQ:MLCO)
May 31, 2023 | fool.com
Melco Resorts & Entertainment (NASDAQ: MLCO)
See More Headlines
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MLCO Company Calendar

Last Earnings
8/01/2023
Today
9/26/2023
Next Earnings (Estimated)
11/01/2023
Fiscal Year End
12/31/2023
Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange
NASDAQ
Industry
Hotels & motels
Sub-Industry
N/A
Sector
Consumer Discretionary
Current Symbol
NASDAQ:MLCO
CUSIP
N/A
CIK
1381640
Web
www.melco-resorts.com
Phone
852-2598-3600
Fax
852-2537-3618
Employees
16,908
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$14.00
High Stock Price Forecast
$18.20
Low Stock Price Forecast
$10.00
Forecasted Upside/Downside
+47.1%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.80
Research Coverage
5 Analysts

Profitability

EPS (Most Recent Fiscal Year)
($1.33)
Trailing P/E Ratio
N/A
Forward P/E Ratio
N/A
P/E Growth
N/A
Net Income
$-930,530,000.00
Net Margins
-26.77%
Pretax Margin
-32.68%
Return on Equity
-559.31%
Return on Assets
-6.02%

Debt

Debt-to-Equity Ratio
N/A
Current Ratio
1.46
Quick Ratio
1.43

Sales & Book Value

Annual Sales
$1.35 billion
Price / Sales
3.14
Cash Flow
N/A
Price / Cash Flow
N/A
Book Value
($0.71) per share
Price / Book
-13.41

Miscellaneous

Outstanding Shares
445,090,000
Free Float
190,988,000
Market Cap
$4.24 billion
Optionable
Optionable
Beta
1.25
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Key Executives

  • Mr. Yau Lung Ho (Age 41)
    Chairman and Chief Exec. Officer
  • Mr. Geoffrey Stuart Davis CFA (Age 49)
    CFO, Exec. VP & Treasurer
  • Mr. Ross Dunwoody
    VP of Investor Relations
  • Ms. Stephanie Cheung (Age 56)
    Chief Legal Officer, Exec. VP and Company Sec.
  • Ms. Leanne Palmer
    VP of Financial Compliance

Key Competitors

View All Competitors

Institutional Ownership

View All Institutional Transactions













MLCO Stock - Frequently Asked Questions

Should I buy or sell Melco Resorts & Entertainment stock right now?

5 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Melco Resorts & Entertainment in the last twelve months. There are currently 1 hold rating and 4 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" MLCO shares.
View MLCO analyst ratings or view top-rated stocks.

What is Melco Resorts & Entertainment's stock price forecast for 2023?

5 Wall Street analysts have issued 12-month target prices for Melco Resorts & Entertainment's shares. Their MLCO share price forecasts range from $10.00 to $18.20. On average, they predict the company's share price to reach $14.00 in the next year. This suggests a possible upside of 47.1% from the stock's current price.
View analysts price targets for MLCO or view top-rated stocks among Wall Street analysts.

How have MLCO shares performed in 2023?

Melco Resorts & Entertainment's stock was trading at $11.50 at the start of the year. Since then, MLCO stock has decreased by 17.2% and is now trading at $9.52.
View the best growth stocks for 2023 here.

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

The company is scheduled to release its next quarterly earnings announcement on Wednesday, November 1st 2023.
View our MLCO earnings forecast.

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

Melco Resorts & Entertainment Limited (NASDAQ:MLCO) announced its quarterly earnings data on Tuesday, August, 1st. The company reported ($0.02) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.14) by $0.12. The business earned $947.94 million during the quarter, compared to analyst estimates of $881.75 million. Melco Resorts & Entertainment had a negative net margin of 26.77% and a negative trailing twelve-month return on equity of 559.31%.

What ETFs hold Melco Resorts & Entertainment's stock?

ETFs with the largest weight of Melco Resorts & Entertainment (NASDAQ:MLCO) stock in their portfolio include iBET Sports Betting & Gaming ETF (IBET), Alpha Architect International Quantitative Momentum ETF (IMOM), B.A.D. Etf (BAD), VanEck Gaming ETF (BJK), Amplify International Enhanced Dividend Income ETF (IDVO) and Direxion Daily Travel & Vacation Bull 2X Shares (OOTO).Constrained Capital ESG Orphans ETF (ORFN).

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 many different institutional and retail investors. Top institutional investors include Capital Research Global Investors (3.66%), Hardman Johnston Global Advisors LLC (2.96%), Capital World Investors (2.85%), Coronation Fund Managers Ltd. (2.38%), Nuveen Asset Management LLC (1.36%) and Nuveen Asset Management LLC (1.36%).

How do I buy shares of Melco Resorts & Entertainment?

Shares of MLCO stock 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 $9.52.

How much money does Melco Resorts & Entertainment make?

Melco Resorts & Entertainment (NASDAQ:MLCO) has a market capitalization of $4.24 billion and generates $1.35 billion in revenue each year. The company earns $-930,530,000.00 in net income (profit) each year or ($1.33) on an earnings per share basis.

How many employees does Melco Resorts & Entertainment have?

The company employs 16,908 workers across the globe.

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 official website for the company is www.melco-resorts.com. The company can be reached via phone at 852-2598-3600, via email at ir@melco-resorts.com, or via fax at 852-2537-3618.

This page (NASDAQ:MLCO) was last updated on 9/26/2023 by MarketBeat.com Staff

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