NASDAQ:MLCO

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

$8.98

-0.15 (-1.64%)

(As of 12:39 PM ET)

Compare

Today's Range: $8.89
▼
$9.18
50-Day Range: $9.13
▼
$13.62
52-Week Range: $4.72
▼
$14.45

Volume: 679,702 shs
Average Volume: 3.16 million shs
Market Capitalization: $4.00 billion

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $14.83

Melco Resorts & Entertainment MarketRank™ Forecast

Analyst Rating: Moderate Buy
2.75 Rating Score
Upside/Downside: 64.6% Upside
$14.83 Price Target
Short Interest: Healthy
1.83% of Float Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: 1.11
Based on 4 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.

2.10 out of 5 stars

Consumer Discretionary Sector

193rd out of 276 stocks

Hotels & Motels Industry

20th out of 27 stocks

3.4

Analyst's Opinion

Consensus Rating
Melco Resorts & Entertainment has received a consensus rating of Moderate Buy. The company's average rating score is 2.75, and is based on 3 buy ratings, 1 hold rating, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $14.83, Melco Resorts & Entertainment has a forecasted upside of 64.6% from its current price of $9.01.
Amount of Analyst Coverage
Melco Resorts & Entertainment has only been the subject of 1 research reports in the past 90 days.

3.0

Short Interest

Percentage of Shares Shorted
1.83% of the float of Melco Resorts & Entertainment has been sold short.
Short Interest Ratio / Days to Cover
Melco Resorts & Entertainment has a short interest ratio ("days to cover") of 2.8, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Melco Resorts & Entertainment has recently increased by 10.82%, indicating that investor sentiment is decreasing significantly.

0.0

Dividend Strength

Dividend Yield
Melco Resorts & Entertainment does not currently pay a dividend.
Dividend Growth
Melco Resorts & Entertainment does not have a long track record of dividend growth.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for MLCO.

2.8

News and Social Media Coverage

News Sentiment
Melco Resorts & Entertainment has a news sentiment score of 1.11. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.55 average news sentiment score of Consumer Discretionary companies.
News Coverage This Week
MarketBeat has tracked 4 news articles for Melco Resorts & Entertainment this week, compared to 2 articles on an average week.
Search Interest
Only 1 people have searched for MLCO on MarketBeat in the last 30 days. This is a decrease of -50% compared to the previous 30 days.

1.7

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Melco Resorts & Entertainment insiders have not sold or bought any company stock.
Percentage Held by Insiders
57.09% of the stock of Melco Resorts & Entertainment is held by insiders. A high percentage of insider ownership can be a sign of company health.
Percentage Held by Institutions
Only 39.82% of the stock of Melco Resorts & Entertainment is held by institutions.

0.6

Earnings and Valuation

Earnings Growth
Earnings for Melco Resorts & Entertainment are expected to grow in the coming year, from ($0.16) to $0.71 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Melco Resorts & Entertainment is -6.77, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Ratio vs. Sector
The P/E ratio of Melco Resorts & Entertainment is -6.77, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

See Top Rated MarketRank™ Stocks Here

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

30 days | 90 days | 365 days | Advanced Chart

MLCO Stock News Headlines

October 1, 2023 | americanbankingnews.com

Melco Resorts & Entertainment (NASDAQ:MLCO) Trading Up 7.5%

September 30, 2023 | americanbankingnews.com

StockNews.com Downgrades Melco Resorts & Entertainment (NASDAQ:MLCO) to Sell

October 4, 2023 | Oxford Club (Ad)

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We have uncovered perhaps the most unusual AI stock we've ever seen.It's expected to see massive revenue this year - $215 billion. The company holds over 29,000 patents in the U.S. It pays an enormous dividend.

September 29, 2023 | finance.yahoo.com

Unraveling the Future of Melco Resorts and Entertainment Ltd (MLCO): A Deep Dive into Key Metrics

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 19, 2023 | finance.yahoo.com

Is Melco Resorts and Entertainment (MLCO) Too Good to Be True? A Comprehensive Analysis of a ...

September 10, 2023 | morningstar.com

Melco Resorts and Entertainment Ltd ADR

October 4, 2023 | Behind the Markets (Ad)

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The Wall Street Journal reports that this medical breakthrough is "Transforming Medicine." One analyst calculated that it could be worth $1 Trillion, making the upside potential of this small-cap 66,000% above today's price.

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

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

See More Headlines

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MLCO Company Calendar

Last Earnings: 8/01/2023
Today: 10/04/2023
Next Earnings (Estimated): 11/01/2023
Fiscal Year End: 12/31/2023

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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: $14.83
High Stock Price Forecast: $18.20
Low Stock Price Forecast: $10.00
Forecasted Upside/Downside: +62.5%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.75
Research Coverage: 4 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: N/A
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: 3.01
Cash Flow: N/A
Price / Cash Flow: N/A
Book Value: ($0.71) per share
Price / Book: -12.86

Miscellaneous

Outstanding Shares: 445,090,000
Free Float: 190,988,000
Market Cap: $4.06 billion
Optionable: Optionable
Beta: 1.26

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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?: 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 1 hold rating and 3 buy ratings for the stock. The consensus among Wall Street equities 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?: 4 equities research analysts have issued 12 month price objectives for Melco Resorts & Entertainment's shares. Their MLCO share price forecasts range from $10.00 to $18.20. On average, they expect the company's share price to reach $14.83 in the next twelve months. This suggests a possible upside of 62.5% 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 beginning of the year. Since then, MLCO stock has decreased by 20.6% and is now trading at $9.13.
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) issued its earnings results on Tuesday, August, 1st. The company reported ($0.02) earnings per share for the quarter, beating analysts' consensus estimates of ($0.14) by $0.12. The business earned $947.94 million during the quarter, compared to analyst estimates of $881.75 million.
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."
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.
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What is Melco Resorts & Entertainment's stock price today?: One share of MLCO stock can currently be purchased for approximately $9.13.
How much money does Melco Resorts & Entertainment make?: Melco Resorts & Entertainment (NASDAQ:MLCO) has a market capitalization of $4.06 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 10/4/2023 by MarketBeat.com Staff

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