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

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$21.16 +0.65 (+3.17 %)

(As of 01/18/2019 12:44 PM ET)

Previous Close$20.51

Today's Range$20.59 - $21.22

52-Week Range$15.33 - $32.95

Volume89,087 shs

Average Volume2.39 million shs

Market Capitalization$10.09 billion

P/E Ratio23.01

Dividend Yield2.81%

Beta1.38

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.

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Industry, Sector and Symbol

Stock Exchange NASDAQ

Industry Hotels & motels

Sub-IndustryN/A

SectorConsumer Discretionary

Current SymbolNASDAQ:MLCO

Previous Symbol

CUSIPN/A

Webwww.melco-resorts.com

Phone852-2598-3600

Debt

Debt-to-Equity Ratio1.36

Current Ratio0.97

Quick Ratio0.95

Price-To-Earnings

Trailing P/E Ratio23.01

Forward P/E Ratio21.81

P/E Growth1.71

Sales & Book Value

Annual Sales$5.28 billion

Price / Sales1.98

Cash Flow$2.1482 per share

Price / Cash Flow9.85

Book Value$6.78 per share

Price / Book3.12

Profitability

EPS (Most Recent Fiscal Year)$0.92

Net Income$347 million

Net Margins5.98%

Return on Equity11.89%

Return on Assets4.40%

Miscellaneous

Employees19,609

Outstanding Shares494,330,000

Market Cap$10.09 billion

OptionableOptionable

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 Friday, November 9th. Shareholders of record on Monday, November 19th will be paid a dividend of $0.1451 per share on Thursday, November 29th. This represents a $0.58 annualized dividend and a yield of 2.74%. The ex-dividend date is Friday, November 16th. This is an increase from Melco Resorts & Entertainment's previous quarterly dividend of $0.15. 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 Thursday, November, 8th. The company reported $0.04 EPS for the quarter, missing analysts' consensus estimates of $0.22 by $0.18. The business had revenue of $1.22 billion for the quarter, compared to the consensus estimate of $1.34 billion. Melco Resorts & Entertainment had a return on equity of 11.89% and a net margin of 5.98%. The business's revenue was down 11.4% compared to the same quarter last year. During the same period in the prior year, the business earned $0.24 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 Thursday, February 14th 2019. View Earnings Estimates for Melco Resorts & Entertainment.

What price target have analysts set for MLCO?

11 brokers have issued 12-month target prices for Melco Resorts & Entertainment's shares. Their forecasts range from $19.00 to $35.10. On average, they expect Melco Resorts & Entertainment's stock price to reach $29.1833 in the next year. This suggests a possible upside of 37.9% from the stock's current price. View Analyst Price Targets for Melco Resorts & Entertainment.

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

11 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Melco Resorts & Entertainment in the last year. There are currently 1 sell rating, 1 hold rating and 9 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?

News stories about MLCO stock have been trending somewhat positive recently, InfoTrie Sentiment reports. The research group identifies positive and negative news coverage by monitoring more than six thousand news and blog sources in real time. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Melco Resorts & Entertainment earned a news sentiment score of 0.7 on InfoTrie's scale. They also assigned news coverage about the company a news buzz of 1.0 out of 10, indicating that recent news coverage is extremely unlikely to have an impact on the stock's share price in the next several days.

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

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), Hyatt Hotels (H), Caesars Entertainment (CZR), Park Hotels & Resorts (PK), Wyndham Hotels & Resorts (WH), Choice Hotels International (CHH), Eldorado Resorts (ERI), Sunstone Hotel Investors (SHO), Boyd Gaming (BYD) and Penn National Gaming (PENN).

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 number of of retail and institutional investors. Top institutional investors include Gateway Investment Advisers LLC (0.02%), PM CAPITAL Ltd (0.02%), PM CAPITAL Ltd (0.02%), Confluence Investment Management LLC (0.00%), Virtu Financial LLC (0.00%) and Private Trust Co. NA (0.00%).

Which institutional investors are selling Melco Resorts & Entertainment stock?

MLCO stock was sold by a variety of institutional investors in the last quarter, including Confluence Investment Management LLC.

Which institutional investors are buying Melco Resorts & Entertainment stock?

MLCO stock was bought by a variety of institutional investors in the last quarter, including PM CAPITAL Ltd, PM CAPITAL Ltd, Virtu Financial LLC, Private Trust Co. NA and Gateway Investment Advisers LLC.

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 $21.17.

How big of a company is Melco Resorts & Entertainment?

Melco Resorts & Entertainment has a market capitalization of $10.09 billion and generates $5.28 billion in revenue each year. The company earns $347 million in net income (profit) each year or $0.92 on an earnings per share basis. Melco Resorts & Entertainment employs 19,609 workers across the globe.

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 ( )
Outperform Votes:		469 (Vote Outperform)
Underperform Votes:		494 (Vote Underperform)
Total Votes:		963

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 1/18/2019 by MarketBeat.com Staff

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