Melco Resorts & Entertainment Stock Price, Forecast & Analysis (NASDAQ:MLCO)

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

Melco Resorts & Entertainment declared a quarterly dividend on Wednesday, October 30th. Stockholders 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 dividend yield of 3.08%. The ex-dividend date is Thursday, November 7th. View Melco Resorts & Entertainment's Dividend History.

Melco Resorts & Entertainment Limited (NASDAQ:MLCO) announced its earnings results on Wednesday, October, 30th. The company reported $0.24 earnings per share for the quarter, missing the Zacks' consensus estimate of $0.27 by $0.03. The firm earned $1.44 billion during the quarter, compared to analysts' expectations of $1.41 billion. Melco Resorts & Entertainment had a net margin of 7.60% and a return on equity of 17.61%. The company's revenue was up 16.4% compared to the same quarter last year. During the same period in the prior year, the business posted $0.05 EPS. View Melco Resorts & Entertainment's Earnings History.

Melco Resorts & Entertainment is scheduled to release their next quarterly earnings announcement on Tuesday, February 18th 2020. View Earnings Estimates for Melco Resorts & Entertainment.

11 analysts have issued 1 year price objectives for Melco Resorts & Entertainment's stock. Their forecasts range from $15.00 to $29.00. On average, they expect Melco Resorts & Entertainment's stock price to reach $24.74 in the next year. This suggests a possible upside of 15.3% from the stock's current price. View Analyst Price Targets for Melco Resorts & Entertainment.

11 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Melco Resorts & Entertainment in the last year. There are currently 11 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Melco Resorts & Entertainment.

Headlines about MLCO stock have trended very negative on Wednesday, InfoTrie Sentiment Analysis reports. The research firm scores the sentiment of media coverage by reviewing more than six thousand news and blog sources in real-time. The firm ranks coverage of companies on a scale of negative five to five, with scores nearest to five being the most favorable. Melco Resorts & Entertainment earned a news impact score of -3.2 on InfoTrie's scale. They also gave press coverage about the company a news buzz of 10.0 out of 10, meaning that recent media coverage is extremely likely to have an impact on the stock's share price in the immediate future. View News Stories for Melco Resorts & Entertainment.

Some companies that are related to Melco Resorts & Entertainment include Marriott International (MAR), Hilton Hotels (HLT), MGM Resorts International (MGM), Wynn Resorts (WYNN), InterContinental Hotels Group (IHG), Huazhu Group (HTHT), Caesars Entertainment (CZR), Hyatt Hotels (H), Wyndham Hotels & Resorts (WH), Choice Hotels International (CHH), Wyndham Destinations (WYND), Park Hotels & Resorts (PK), Eldorado Resorts (ERI), Boyd Gaming (BYD) and Sunstone Hotel Investors (SHO).

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), Wynn Resorts (WYNN), Twitter (TWTR), JD.Com (JD) and Netflix (NFLX).

Melco Resorts & Entertainment's stock is owned by many different of institutional and retail investors. Top institutional investors include Hardman Johnston Global Advisors LLC (2.12%), Coronation Fund Managers Ltd. (0.86%), Matthews International Capital Management LLC (0.70%), Ardevora Asset Management LLP (0.39%), Perpetual Ltd (0.22%) and Sumitomo Mitsui Trust Holdings Inc. (0.15%).

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

MLCO stock was bought by a variety of institutional investors in the last quarter, including Coronation Fund Managers Ltd., KEYWISE CAPITAL MANAGEMENT Ltd, SG Americas Securities LLC, Teacher Retirement System of Texas, Zurcher Kantonalbank Zurich Cantonalbank, California Public Employees Retirement System, Envestnet Asset Management Inc. and Dupont Capital Management Corp.

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.

One share of MLCO stock can currently be purchased for approximately $21.45.

Melco Resorts & Entertainment has a market capitalization of $10.60 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.

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

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]