NASDAQ:MLCO

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

$6.29
+0.12 (+1.94%)
(As of 12:52 PM ET)
Today's Range
$6.18
$6.33
50-Day Range
$6.15
$9.18
52-Week Range
$6.10
$14.36
Volume
1.60 million shs
Average Volume
3.05 million shs
Market Capitalization
$2.80 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$14.78

Melco Resorts & Entertainment MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.60 Rating Score
Upside/​Downside
134.9% Upside
$14.78 Price Target
Short Interest
Healthy
2.44% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
1.09mentions of Melco Resorts & Entertainment in the last 14 days
Based on 4 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
89.29%
From $0.28 to $0.53 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

3.23 out of 5 stars

Consumer Discretionary Sector

135th out of 267 stocks

Hotels & Motels Industry

16th out of 25 stocks

MLCO stock logo

About Melco Resorts & Entertainment Stock (NASDAQ:MLCO)

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 Stock Price History

MLCO Stock News Headlines

SHOCKING Crypto Leak…
A shocking leak has revealed tech giant Microsoft's plans to add crypto support to future products. If the plans in these leaked internal documents pan out, we could see prices skyrocket for Bitcoin, Ethereum, XRP and MORE… The coupling of gaming and cryptocurrency could absolutely transform digital finance as we know it in 2024.
SHOCKING Crypto Leak…
A shocking leak has revealed tech giant Microsoft's plans to add crypto support to future products. If the plans in these leaked internal documents pan out, we could see prices skyrocket for Bitcoin, Ethereum, XRP and MORE… The coupling of gaming and cryptocurrency could absolutely transform digital finance as we know it in 2024.
MLCO Mar 2024 6.500 call
MLCO Mar 2024 9.000 call
MLCO Mar 2024 7.500 call
MLCO Oct 2024 4.000 put
Melco Resorts: A High Valuation And Debt Overhang
Melco Announces Unaudited Fourth Quarter 2023 Earnings
MLCO Mar 2024 8.000 put
MLCO Mar 2024 10.500 call
MLCO Mar 2024 7.000 put
MLCO Mar 2024 6.000 call
MLCO Mar 2024 8.500 put
MLCO Mar 2024 8.000 call
See More Headlines
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Company Calendar

Last Earnings
2/29/2024
Today
4/23/2024
Next Earnings (Estimated)
5/08/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Hotels & motels
Sub-Industry
N/A
Current Symbol
NASDAQ:MLCO
Employees
20,209
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$14.78
High Stock Price Target
$18.20
Low Stock Price Target
$9.60
Potential Upside/Downside
+135.6%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.60
Research Coverage
5 Analysts

Profitability

Net Income
$-326,920,000.00
Pretax Margin
-10.65%

Debt

Sales & Book Value

Annual Sales
$3.78 billion
Cash Flow
$1.23 per share
Book Value
($1.89) per share

Miscellaneous

Free Float
190,988,000
Market Cap
$2.79 billion
Optionable
Optionable
Beta
1.11
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MLCO Stock Analysis - Frequently Asked Questions

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

5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Melco Resorts & Entertainment in the last twelve months. There are currently 2 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street 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 target for 2024?

5 Wall Street research analysts have issued twelve-month target prices for Melco Resorts & Entertainment's stock. Their MLCO share price targets range from $9.60 to $18.20. On average, they predict the company's share price to reach $14.78 in the next twelve months. This suggests a possible upside of 134.9% 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 2024?

Melco Resorts & Entertainment's stock was trading at $8.87 at the beginning of the year. Since then, MLCO stock has decreased by 29.1% and is now trading at $6.29.
View the best growth stocks for 2024 here
.

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

The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 8th 2024.
View our MLCO earnings forecast
.

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

Melco Resorts & Entertainment Limited (NASDAQ:MLCO) posted its quarterly earnings results on Thursday, February, 29th. The company reported $0.13 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.03 by $0.10. The firm earned $1.09 billion during the quarter, compared to the consensus estimate of $1.14 billion. Melco Resorts & Entertainment's revenue was up 224.4% on a year-over-year basis. During the same period last year, the firm posted ($0.51) earnings per share.

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), B.A.D. Etf (BAD), VanEck Gaming ETF (BJK) and KraneShares Global Luxury Index ETF (KLXY).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).

Who are Melco Resorts & Entertainment's major shareholders?

Melco Resorts & Entertainment's stock is owned by a number of institutional and retail investors. Top institutional shareholders include ARGA Investment Management LP (6.59%) and IMC Chicago LLC (0.00%).

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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NASDAQ:MLCO) was last updated on 4/23/2024 by MarketBeat.com Staff

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