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

$21.04
+1.15 (+5.78 %)
(As of 06/18/2019 04:00 PM ET)
Today's Range
$20.02
Now: $21.04
$21.31
50-Day Range
$18.84
MA: $21.35
$26.62
52-Week Range
$15.33
Now: $21.04
$30.47
Volume2.57 million shs
Average Volume2.67 million shs
Market Capitalization$10.40 billion
P/E Ratio23.64
Dividend Yield3.07%
Beta1.76
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. Read More…

Industry, Sector and Symbol

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

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$5.16 billion
Cash Flow$2.1691 per share
Book Value$5.55 per share

Profitability

Net Income$351.52 million

Miscellaneous

Employees19,609
Market Cap$10.40 billion
Next Earnings Date7/23/2019 (Estimated)
OptionableOptionable

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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 Wednesday, May 8th. Shareholders of record on Monday, May 20th will be given a dividend of $0.1551 per share on Thursday, May 30th. This represents a $0.62 dividend on an annualized basis and a yield of 2.95%. The ex-dividend date is Friday, May 17th. This is a positive change from Melco Resorts & Entertainment's previous quarterly dividend of $0.16. View Melco Resorts & Entertainment's Dividend History.

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

Melco Resorts & Entertainment Limited (NASDAQ:MLCO) released its quarterly earnings results on Tuesday, May, 7th. The company reported $0.28 earnings per share for the quarter, topping the consensus estimate of $0.25 by $0.03. The company had revenue of $1.36 billion for the quarter, compared to analysts' expectations of $1.34 billion. Melco Resorts & Entertainment had a return on equity of 13.47% and a net margin of 6.00%. Melco Resorts & Entertainment's quarterly revenue was up 3.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.32 earnings per share. 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 Tuesday, July 23rd 2019. View Earnings Estimates for Melco Resorts & Entertainment.

What price target have analysts set for MLCO?

13 analysts have issued 1 year price objectives for Melco Resorts & Entertainment's shares. Their forecasts range from $24.00 to $35.10. On average, they anticipate Melco Resorts & Entertainment's stock price to reach $28.2444 in the next twelve months. This suggests a possible upside of 34.2% from the stock's current price. View Analyst Price Targets for Melco Resorts & Entertainment.

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

13 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Melco Resorts & Entertainment in the last year. There are currently 1 hold rating and 12 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Melco Resorts & Entertainment.

Has Melco Resorts & Entertainment been receiving favorable news coverage?

Press coverage about MLCO stock has trended very negative this week, according to InfoTrie Sentiment Analysis. The research group identifies negative and positive press coverage by reviewing more than six thousand blog and news sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores closest to five being the most favorable. Melco Resorts & Entertainment earned a daily sentiment score of -3.5 on InfoTrie's scale. They also gave media headlines about the company a news buzz of 3.0 out of 10, meaning that recent press coverage is unlikely to have an impact on the company's share price in the next few days. View News Stories for Melco Resorts & Entertainment.

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

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 Alibaba Group (BABA), Las Vegas Sands (LVS), MGM Resorts International (MGM), Micron Technology (MU), Golar LNG (GLNG), NVIDIA (NVDA), Netflix (NFLX), Gilead Sciences (gild), JD.Com (JD) and Tesla (TSLA).

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

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. (3.72%), Hardman Johnston Global Advisors LLC (2.25%), Boston Partners (1.03%), Flowering Tree Investment Management Pte. Ltd. (0.75%), Coronation Fund Managers Ltd. (0.70%) and FMR LLC (0.46%).

Which institutional investors are selling Melco Resorts & Entertainment stock?

MLCO stock was sold by a variety of institutional investors in the last quarter, including BlackRock Inc., Perpetual Ltd, FIL Ltd, Ardevora Asset Management LLP, FMR LLC, Coronation Fund Managers Ltd., Nissay Asset Management Corp Japan ADV and Janus Henderson Group PLC.

Which institutional investors are buying Melco Resorts & Entertainment stock?

MLCO stock was acquired by a variety of institutional investors in the last quarter, including Hexavest Inc., Hardman Johnston Global Advisors LLC, State of Wisconsin Investment Board, Flowering Tree Investment Management Pte. Ltd., SG Americas Securities LLC, Clearbridge Investments LLC, Matthews International Capital Management LLC and Nomura Asset Management Co. Ltd..

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 $21.04.

How big of a company is Melco Resorts & Entertainment?

Melco Resorts & Entertainment has a market capitalization of $10.40 billion and generates $5.16 billion in revenue each year. The company earns $351.52 million in net income (profit) each year or $0.89 on an earnings per share basis. Melco Resorts & Entertainment employs 19,609 workers across the globe.View Additional Information About Melco Resorts & Entertainment.

What is Melco Resorts & Entertainment's official website?

The official website for Melco Resorts & Entertainment is http://www.melco-resorts.com/.

How can I contact Melco Resorts & Entertainment?

Melco Resorts & Entertainment's mailing address is 36TH FLOOR THE CENTRIUM. 60 WYNDHAM STREET, HONG KONG K3, . 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:  2.4 out of 5 (star star)
Outperform Votes:  491 (Thanks for Voting!)
Underperform Votes:  518 (Thanks for Voting!)
Total Votes:  1,009
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 6/18/2019 by MarketBeat.com Staff

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