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

$21.38
+0.35 (+1.66 %)
(As of 12/8/2019 04:00 PM ET)
Today's Range
$21.26
Now: $21.38
$21.45
50-Day Range
$20.29
MA: $21.66
$22.67
52-Week Range
$16.50
Now: $21.38
$26.97
Volume842,176 shs
Average Volume1.22 million shs
Market Capitalization$10.57 billion
P/E Ratio24.02
Dividend Yield3.10%
Beta1.85
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$2.10 per share
Book Value$5.55 per share

Profitability

Net Income$351.52 million

Miscellaneous

Employees21,413
Market Cap$10.57 billion
Next Earnings Date2/18/2020 (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, October 30th. Shareholders of record on Tuesday, November 12th will be given a dividend of $0.165 per share on Friday, November 22nd. This represents a $0.66 annualized dividend and a yield of 3.09%. The ex-dividend date of this dividend is Thursday, November 7th. 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 data on Wednesday, October, 30th. The company reported $0.24 earnings per share (EPS) for the quarter, missing the Thomson Reuters' consensus estimate of $0.27 by $0.03. The firm had revenue of $1.44 billion for the quarter, compared to analysts' expectations of $1.41 billion. Melco Resorts & Entertainment had a return on equity of 17.61% and a net margin of 7.60%. The company's revenue for the quarter was up 16.4% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.05 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 Tuesday, February 18th 2020. View Earnings Estimates for Melco Resorts & Entertainment.

What price target have analysts set for MLCO?

10 brokers have issued 1 year target prices for Melco Resorts & Entertainment's shares. Their forecasts range from $15.00 to $27.00. On average, they anticipate Melco Resorts & Entertainment's stock price to reach $24.13 in the next year. This suggests a possible upside of 12.9% from the stock's current price. View Analyst Price Targets for Melco Resorts & Entertainment.

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

10 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Melco Resorts & Entertainment in the last year. There are currently 10 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?

Media headlines about MLCO stock have been trending somewhat positive on Sunday, InfoTrie Sentiment Analysis reports. The research firm identifies positive and negative news coverage by monitoring more than six thousand blog and news sources in real time. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Melco Resorts & Entertainment earned a daily sentiment score of 0.9 on InfoTrie's scale. They also gave press coverage about the company a news buzz of 10.0 out of 10, indicating that recent news coverage is extremely likely to have an impact on the stock'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), Golar LNG (GLNG), Micron Technology (MU), NVIDIA (NVDA), JD.Com (JD), Wynn Resorts (WYNN), Netflix (NFLX) and Gilead Sciences (GILD).

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 many different of retail and institutional investors. Top institutional shareholders include Hardman Johnston Global Advisors LLC (2.12%), Boston Partners (1.17%), State Street Corp (0.97%), Coronation Fund Managers Ltd. (0.86%), Matthews International Capital Management LLC (0.70%) and Ardevora Asset Management LLP (0.39%).

Which major investors are selling Melco Resorts & Entertainment stock?

MLCO stock was sold by a variety of institutional investors in the last quarter, including Point72 Asset Management L.P., Sumitomo Mitsui Trust Holdings Inc., Perpetual Ltd, Ardevora Asset Management LLP, Man Group plc, Matthews International Capital Management LLC, Manning & Napier Group LLC and Russell Investments Group Ltd..

Which major investors are buying Melco Resorts & Entertainment stock?

MLCO stock was acquired by a variety of institutional investors in the last quarter, including Boston Partners, Coronation Fund Managers Ltd., State Street Corp, KEYWISE CAPITAL MANAGEMENT Ltd, SG Americas Securities LLC, Teacher Retirement System of Texas, Zurcher Kantonalbank Zurich Cantonalbank and California Public Employees Retirement System.

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, Robinhood, Fidelity and Charles Schwab.

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

One share of MLCO stock can currently be purchased for approximately $21.38.

How big of a company is Melco Resorts & Entertainment?

Melco Resorts & Entertainment has a market capitalization of $10.57 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 21,413 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:  518 (Vote Outperform)
Underperform Votes:  551 (Vote Underperform)
Total Votes:  1,069
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 12/8/2019 by MarketBeat.com Staff

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