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S&P 500   3,852.36
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Europe bans Russian diesel, other oil products over Ukraine
Know Your Profit Potential BEFORE You Trade! (Ad)pixel
Route to Super Bowl dangerous for Mexico's avocado haulers
Biden's State of the Union to tout policy wins on economy
Cash Holders STILL Aren't Taking Steps to Prepare (Ad)
It wasn’t me: Ex-UK PM Truss blames 'system' for her failure
How will EU ban and West's price cap on Russian diesel work?
Cash Holders STILL Aren't Taking Steps to Prepare (Ad)
Evacuations urged in Ohio town as train wreck smolders
Is C3.ai Artificial Intelligence Product Suite a Gamechanger?
S&P 500   3,852.36
DOW   32,920.46
QQQ   306.18
Europe bans Russian diesel, other oil products over Ukraine
Know Your Profit Potential BEFORE You Trade! (Ad)pixel
Route to Super Bowl dangerous for Mexico's avocado haulers
Biden's State of the Union to tout policy wins on economy
Cash Holders STILL Aren't Taking Steps to Prepare (Ad)
It wasn’t me: Ex-UK PM Truss blames 'system' for her failure
How will EU ban and West's price cap on Russian diesel work?
Cash Holders STILL Aren't Taking Steps to Prepare (Ad)
Evacuations urged in Ohio town as train wreck smolders
Is C3.ai Artificial Intelligence Product Suite a Gamechanger?
S&P 500   3,852.36
DOW   32,920.46
QQQ   306.18
Europe bans Russian diesel, other oil products over Ukraine
Know Your Profit Potential BEFORE You Trade! (Ad)pixel
Route to Super Bowl dangerous for Mexico's avocado haulers
Biden's State of the Union to tout policy wins on economy
Cash Holders STILL Aren't Taking Steps to Prepare (Ad)
It wasn’t me: Ex-UK PM Truss blames 'system' for her failure
How will EU ban and West's price cap on Russian diesel work?
Cash Holders STILL Aren't Taking Steps to Prepare (Ad)
Evacuations urged in Ohio town as train wreck smolders
Is C3.ai Artificial Intelligence Product Suite a Gamechanger?
NASDAQ:MLCO

Melco Resorts & Entertainment - MLCO Stock Forecast, Price & News

$13.37
+0.01 (+0.07%)
(As of 02/3/2023 09:04 PM ET)
Add
Compare
Today's Range
$13.17
$13.82
50-Day Range
$7.24
$13.79
52-Week Range
$4.06
$14.24
Volume
3.75 million shs
Average Volume
4.93 million shs
Market Capitalization
$5.95 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$10.75

Melco Resorts & Entertainment MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.50 Rating Score
Upside/​Downside
19.6% Downside
$10.75 Price Target
Short Interest
Healthy
2.20% of Float Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
0.97mentions of Melco Resorts & Entertainment in the last 14 days
Based on 2 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
Growing
From ($2.05) to ($0.43) Per Share

Overall MarketRank

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

1.73 out of 5 stars

Consumer Discretionary Sector

211th out of 264 stocks

Hotels & Motels Industry

21st out of 25 stocks

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.

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MLCO Stock News Headlines

Cash Holders STILL Aren't Taking Steps to Prepare
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Melco Announces Commencement of New Gaming Concession
Where Will Melco Resorts Stock Be In 5 Years?
Up 3% During a Rough Year, Is Melco Resorts Stock a Buy?
Melco Announces Further Details of Gaming Concession
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Melco Announces Final Award of Gaming Concession
14 Best Casino Stocks to Buy for 2023
Melco Announces Provisional Award of Gaming Concession
See More Headlines
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MLCO Company Calendar

Last Earnings
11/09/2021
Today
2/06/2023
Next Earnings (Estimated)
3/07/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Hotels & motels
Sub-Industry
N/A
Current Symbol
NASDAQ:MLCO
Employees
17,878
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$10.75
High Stock Price Forecast
$11.50
Low Stock Price Forecast
$10.00
Forecasted Upside/Downside
-19.6%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.50
Research Coverage
4 Analysts

Profitability

Net Income
$-811,750,000.00
Pretax Margin
-66.00%

Debt

Sales & Book Value

Annual Sales
$1.49 billion
Book Value
$1.72 per share

Miscellaneous

Free Float
190,988,000
Market Cap
$5.95 billion
Optionable
Optionable
Beta
1.15

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













MLCO Stock - Frequently Asked Questions

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

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

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

4 analysts have issued 1 year price objectives for Melco Resorts & Entertainment's stock. Their MLCO share price forecasts range from $10.00 to $11.50. On average, they expect the company's share price to reach $10.75 in the next year. This suggests that the stock has a possible downside of 19.6%.
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 shares have increased by 16.3% and is now trading at $13.37.
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 Tuesday, March 7th 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 results on Tuesday, November, 9th. The company reported ($0.43) earnings per share for the quarter, missing the consensus estimate of ($0.38) by $0.05. The firm had revenue of $446.40 million for the quarter, compared to the consensus estimate of $508.65 million. Melco Resorts & Entertainment had a negative trailing twelve-month return on equity of 182.94% and a negative net margin of 56.15%. The company's quarterly revenue was up 109.7% on a year-over-year basis. During the same period in the previous year, the business posted ($0.66) earnings per share.

Is Melco Resorts & Entertainment a good dividend stock?

Melco Resorts & Entertainment (NASDAQ:MLCO) pays an annual dividend of $0.65 per share and currently has a dividend yield of 0.00%.
Read our dividend analysis for MLCO.

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 institutional and retail investors. Top institutional investors include Hardman Johnston Global Advisors LLC (3.51%), New York State Common Retirement Fund (0.63%), Solstein Capital LLC (0.03%), Simplex Trading LLC (0.00%), Dupont Capital Management Corp (0.02%) and Mcdonald Partners LLC (0.02%).

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 $13.37.

How much money does Melco Resorts & Entertainment make?

Melco Resorts & Entertainment (NASDAQ:MLCO) has a market capitalization of $5.95 billion and generates $1.49 billion in revenue each year. The company earns $-811,750,000.00 in net income (profit) each year or ($1.79) on an earnings per share basis.

How many employees does Melco Resorts & Entertainment have?

The company employs 17,878 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 2/6/2023 by MarketBeat.com Staff