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

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

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.

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.

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

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.

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.

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.

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

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).

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%).

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..

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.

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 $21.38.

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.

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]