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

3 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 2 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" MLCO shares.
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3 equities research analysts have issued twelve-month price objectives for Melco Resorts & Entertainment's stock. Their MLCO share price forecasts range from $10.00 to $11.50. On average, they anticipate the company's stock price to reach $10.75 in the next year. This suggests that the stock has a possible downside of 12.2%.
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Melco Resorts & Entertainment's stock was trading at $11.50 on January 1st, 2023. Since then, MLCO stock has increased by 6.4% and is now trading at $12.24.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, August 17th 2023.
View our MLCO earnings forecast.

Melco Resorts & Entertainment Limited (NASDAQ:MLCO) announced its quarterly earnings data on Wednesday, May, 10th. The company reported ($0.14) EPS for the quarter, beating analysts' consensus estimates of ($0.35) by $0.21. The firm earned $716.48 million during the quarter, compared to the consensus estimate of $713.04 million. Melco Resorts & Entertainment had a negative net margin of 52.06% and a negative trailing twelve-month return on equity of 559.31%.

ETFs with the largest weight of Melco Resorts & Entertainment (NASDAQ:MLCO) stock in their portfolio include iBET Sports Betting & Gaming ETF (IBET), B.A.D. Etf (BAD), VanEck Gaming ETF (BJK), Direxion Daily Travel & Vacation Bull 2X Shares (OOTO) and Capital Group Global Growth Equity ETF (CGGO).iShares MSCI EAFE Small-Cap ETF (SCZ).

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).

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

Melco Resorts & Entertainment's stock is owned by many different retail and institutional investors. Top institutional investors include ARGA Investment Management LP (6.39%), Wellington Management Group LLP (3.95%), Hardman Johnston Global Advisors LLC (3.49%), Coronation Fund Managers Ltd. (1.89%), State Street Corp (1.11%) and BlackRock Inc. (1.04%).

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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One share of MLCO stock can currently be purchased for approximately $12.24.

Melco Resorts & Entertainment (NASDAQ:MLCO) has a market capitalization of $5.45 billion and generates $1.35 billion in revenue each year. The company earns $-930,530,000.00 in net income (profit) each year or ($1.81) on an earnings per share basis.

The company employs 16,908 workers across the globe.

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.