NASDAQ:MLCO - Melco Resorts & Entertainment Stock Price, News, & Analysis

Sign in or create an account to add this stock to your watchlist.
$22.10 +0.57 (+2.65 %)
(As of 08/19/2018 03:27 AM ET)
Previous Close$22.10
Today's Range$21.50 - $22.19
52-Week Range$19.99 - $32.95
Volume2.48 million shs
Average Volume2.97 million shs
Market Capitalization$11.16 billion
P/E Ratio24.02
Dividend Yield2.71%
Beta1.45
Melco Resorts & Entertainment logoMelco 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.

Receive MLCO News and Ratings via Email

Sign-up to receive the latest news and ratings for MLCO and its competitors with MarketBeat's FREE daily newsletter.

Industry, Sector and Symbol

Stock Exchange NASDAQ
Industry Hotels & motels
Sub-IndustryN/A
SectorConsumer Discretionary
SymbolNASDAQ:MLCO
CUSIPN/A
Phone852-2598-3600

Debt

Debt-to-Equity Ratio1.05
Current Ratio1.04
Quick Ratio1.02

Price-To-Earnings

Trailing P/E Ratio24.02
Forward P/E Ratio19.22
P/E Growth1.64

Sales & Book Value

Annual Sales$5.28 billion
Price / Sales2.07
Cash Flow$2.0294 per share
Price / Cash10.89
Book Value$6.78 per share
Price / Book3.26

Profitability

EPS (Most Recent Fiscal Year)$0.92
Net Income$347 million
Net Margins7.83%
Return on Equity15.47%
Return on Assets5.86%

Miscellaneous

Employees20,248
Outstanding Shares494,330,000
Market Cap$11.16 billion

Melco Resorts & Entertainment (NASDAQ:MLCO) Frequently Asked Questions

What is Melco Resorts & Entertainment's stock symbol?

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

How often does Melco Resorts & Entertainment pay dividends? What is the dividend yield for Melco Resorts & Entertainment?

Melco Resorts & Entertainment declared a quarterly dividend on Tuesday, July 24th. Shareholders of record on Monday, August 6th will be paid a dividend of $0.145 per share on Wednesday, August 15th. This represents a $0.58 dividend on an annualized basis and a yield of 2.62%. The ex-dividend date is Friday, August 3rd. This is an increase from Melco Resorts & Entertainment's previous quarterly dividend of $0.14. View Melco Resorts & Entertainment's Dividend History.

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

Melco Resorts & Entertainment Limited (NASDAQ:MLCO) issued its quarterly earnings results on Tuesday, July, 24th. The company reported $0.20 EPS for the quarter, missing the consensus estimate of $0.25 by $0.05. The firm earned $1.23 billion during the quarter, compared to the consensus estimate of $1.31 billion. Melco Resorts & Entertainment had a net margin of 7.83% and a return on equity of 15.47%. The company's quarterly revenue was down 5.3% compared to the same quarter last year. During the same period last year, the business earned $0.07 EPS. View Melco Resorts & Entertainment's Earnings History.

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

Melco Resorts & Entertainment is scheduled to release their next quarterly earnings announcement on Thursday, November, 1st 2018. View Earnings Estimates for Melco Resorts & Entertainment.

What price target have analysts set for MLCO?

9 analysts have issued 1-year price targets for Melco Resorts & Entertainment's stock. Their forecasts range from $29.00 to $35.10. On average, they expect Melco Resorts & Entertainment's stock price to reach $32.35 in the next year. This suggests a possible upside of 46.4% from the stock's current price. View Analyst Price Targets for Melco Resorts & Entertainment.

What is the consensus analysts' recommendation for Melco Resorts & Entertainment?

9 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Melco Resorts & Entertainment in the last year. There are currently 9 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Melco Resorts & Entertainment.

Are investors shorting Melco Resorts & Entertainment?

Melco Resorts & Entertainment saw a decrease in short interest in July. As of July 13th, there was short interest totalling 2,290,391 shares, a decrease of 27.5% from the June 29th total of 3,160,280 shares. Based on an average daily trading volume, of 3,698,099 shares, the days-to-cover ratio is currently 0.6 days. View Melco Resorts & Entertainment's Current Options Chain.

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

Who are Melco Resorts & Entertainment's key executives?

Melco Resorts & Entertainment's management team includes the folowing 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

Has Melco Resorts & Entertainment been receiving favorable news coverage?

News headlines about MLCO stock have trended positive this week, Accern Sentiment Analysis reports. The research group identifies positive and negative press coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Melco Resorts & Entertainment earned a media and rumor sentiment score of 0.25 on Accern's scale. They also gave news stories about the company an impact score of 46.56 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company's share price in the near future. View Recent Headlines for Melco Resorts & Entertainment.

Who are Melco Resorts & Entertainment's major shareholders?

Melco Resorts & Entertainment's stock is owned by a variety of of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (4.90%), Hardman Johnston Global Advisors LLC (1.80%), FMR LLC (1.72%), Hillhouse Capital Management Ltd. (1.08%), Bank of America Corp DE (0.55%) and Platinum Investment Management Ltd. (0.55%).

Which major investors are selling Melco Resorts & Entertainment stock?

MLCO stock was sold by a variety of institutional investors in the last quarter, including FMR LLC, Hillhouse Capital Management Ltd., Russell Investments Group Ltd., Sensato Investors LLC, Mckinley Capital Management LLC Delaware, Capital Fund Management S.A., Los Angeles Capital Management & Equity Research Inc. and Millennium Management LLC.

Which major investors are buying Melco Resorts & Entertainment stock?

MLCO stock was purchased by a variety of institutional investors in the last quarter, including BlackRock Inc., Renaissance Technologies LLC, Acadian Asset Management LLC, Caisse DE Depot ET Placement DU Quebec, Point72 Hong Kong Ltd, Morgan Stanley, Bank of Montreal Can and Columbus Circle Investors.

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 Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

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

One share of MLCO stock can currently be purchased for approximately $22.10.

How big of a company is Melco Resorts & Entertainment?

Melco Resorts & Entertainment has a market capitalization of $11.16 billion and generates $5.28 billion in revenue each year. The company earns $347 million in net income (profit) each year or $0.92 on an earnings per share basis. Melco Resorts & Entertainment employs 20,248 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 F4, 00000. The company can be reached via phone at 852-2598-3600 or via email at [email protected]


MarketBeat Community Rating for Melco Resorts & Entertainment (NASDAQ MLCO)

Community Ranking:  2.5 out of 5 (star star half star)
Outperform Votes:  452 (Vote Outperform)
Underperform Votes:  460 (Vote Underperform)
Total Votes:  912
MarketBeat's community ratings are surveys of what our community members think about Melco Resorts & Entertainment and other stocks. Vote "Outperform" if you believe MLCO will outperform the S&P 500 over the long term. Vote "Underperform" if you believe MLCO will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 8/19/2018 by MarketBeat.com Staff

Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.