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NASDAQ:MLCO

Melco Resorts & Entertainment (MLCO) Stock Forecast, Price & News

$5.46
+0.02 (+0.37%)
(As of 05/20/2022 12:00 AM ET)
Add
Compare
Today's Range
$5.28
$5.62
50-Day Range
$4.48
$8.56
52-Week Range
$4.06
$17.98
Volume
5.78 million shs
Average Volume
4.57 million shs
Market Capitalization
$2.65 billion
P/E Ratio
N/A
Dividend Yield
N/A
Beta
1.77
30 days | 90 days | 365 days | Advanced Chart
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Melco Resorts & Entertainment logo

About Melco Resorts & Entertainment

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.

Headlines

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Industry, Sector and Symbol

Industry
Hotels & motels
Sub-Industry
N/A
Current Symbol
NASDAQ:MLCO
Employees
17,878
Year Founded
N/A

Sales & Book Value

Annual Sales
$2.01 billion
Book Value
$1.41 per share

Profitability

Net Income
$-811.75 million
Pretax Margin
-45.55%

Debt

Price-To-Earnings

Miscellaneous

Free Float
N/A
Market Cap
$2.65 billion
Optionable
Optionable

Company Calendar

Last Earnings
3/01/2022
Today
5/20/2022
Next Earnings (Estimated)
7/26/2022
Fiscal Year End
12/31/2022

MarketRank

Overall MarketRank

1.81 out of 5 stars

Consumer Discretionary Sector

246th out of 397 stocks

Hotels & Motels Industry

25th out of 35 stocks

Analyst Opinion: 3.3Community Rank: 4.3Dividend Strength: 0.0Insider Behavior: 0.8Valuation: 0.6 5 -4 -3 -2 -1 -













Melco Resorts & Entertainment (NASDAQ:MLCO) Frequently Asked Questions

Is Melco Resorts & Entertainment a buy right now?

6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Melco Resorts & Entertainment in the last year. There are currently 2 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" Melco Resorts & Entertainment stock.
View analyst ratings for Melco Resorts & Entertainment
or view top-rated stocks.

Are investors shorting Melco Resorts & Entertainment?

Melco Resorts & Entertainment saw a increase in short interest in April. As of April 30th, there was short interest totaling 10,930,000 shares, an increase of 38.9% from the April 15th total of 7,870,000 shares. Based on an average daily trading volume, of 4,290,000 shares, the days-to-cover ratio is presently 2.5 days. Currently, 2.3% of the company's shares are short sold.
View Melco Resorts & Entertainment's Short Interest
.

When is Melco Resorts & Entertainment's next earnings date?

Melco Resorts & Entertainment is scheduled to release its next quarterly earnings announcement on Tuesday, July 26th 2022.
View our earnings forecast for Melco Resorts & Entertainment
.

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

Melco Resorts & Entertainment Limited (NASDAQ:MLCO) released its quarterly earnings data on Tuesday, March, 1st. The company reported ($0.32) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.40) by $0.08. The company earned $480.60 million during the quarter, compared to analysts' expectations of $576.80 million. Melco Resorts & Entertainment had a negative trailing twelve-month return on equity of 71.99% and a negative net margin of 38.72%. The business's revenue for the quarter was down 9.0% on a year-over-year basis. During the same period last year, the company earned ($0.40) EPS.
View Melco Resorts & Entertainment's earnings history
.

What price target have analysts set for MLCO?

6 equities research analysts have issued 12-month price objectives for Melco Resorts & Entertainment's stock. Their forecasts range from $10.00 to $16.90. On average, they anticipate Melco Resorts & Entertainment's stock price to reach $13.73 in the next twelve months. This suggests a possible upside of 151.4% from the stock's current price.
View analysts' price targets for Melco Resorts & Entertainment
or view top-rated stocks among Wall Street analysts.

Who are Melco Resorts & Entertainment's key executives?
Melco Resorts & Entertainment's management team includes the following 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
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 Las Vegas Sands (LVS), Alibaba Group (BABA), MGM Resorts International (MGM), Micron Technology (MU), Wynn Resorts (WYNN), NVIDIA (NVDA), JD.com (JD), Tesla (TSLA), Twitter (TWTR) and Intel (INTC).

What is Melco Resorts & Entertainment's stock symbol?

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

Who are Melco Resorts & Entertainment's major shareholders?

Melco Resorts & Entertainment's stock is owned by a number of retail and institutional investors. Top institutional shareholders include ARGA Investment Management LP (4.39%), Hardman Johnston Global Advisors LLC (4.32%), Capital World Investors (4.31%), BlackRock Inc. (2.26%), Eminence Capital LP (1.78%) and State Street Corp (1.51%).

Which institutional investors are selling Melco Resorts & Entertainment stock?

MLCO stock was sold by a variety of institutional investors in the last quarter, including Capital Research Global Investors, Coronation Fund Managers Ltd., Eminence Capital LP, BlackRock Inc., Hardman Johnston Global Advisors LLC, Capital World Investors, JPMorgan Chase & Co., and Goldman Sachs Group Inc..

Which institutional investors are buying Melco Resorts & Entertainment stock?

MLCO stock was purchased by a variety of institutional investors in the last quarter, including Wellington Management Group LLP, ARGA Investment Management LP, Clearbridge Investments LLC, State Street Corp, Interval Partners LP, Connor Clark & Lunn Investment Management Ltd., Panagora Asset Management Inc., and Ergoteles 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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

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

One share of MLCO stock can currently be purchased for approximately $5.46.

How much money does Melco Resorts & Entertainment make?

Melco Resorts & Entertainment has a market capitalization of $2.65 billion and generates $2.01 billion in revenue each year. The company earns $-811.75 million in net income (profit) each year or ($1.610010) on an earnings per share basis.

How many employees does Melco Resorts & Entertainment have?

Melco Resorts & Entertainment employs 17,878 workers across the globe.

What is Melco Resorts & Entertainment's official website?

The official website for Melco Resorts & Entertainment is 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 CENTRAL, HONG KONG K3, . The company can be reached via phone at 852-2598-3600, via email at [email protected], or via fax at 852-2537-3618.

This page was last updated on 5/20/2022 by MarketBeat.com Staff

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