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

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 during the month of 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 short-interest ratio is presently 2.5 days. Currently, 2.3% of the shares of the company 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) announced its quarterly earnings results on Tuesday, March, 1st. The company reported ($0.32) earnings per share for the quarter, topping the consensus estimate of ($0.40) by $0.08. The company had revenue of $480.60 million for the quarter, compared to analyst estimates 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 company's revenue for the quarter was down 9.0% compared to the same quarter last year. During the same period in the previous year, the firm earned ($0.40) earnings per share.
View Melco Resorts & Entertainment's earnings history.

What price target have analysts set for MLCO?

6 analysts have issued 1-year price objectives for Melco Resorts & Entertainment's shares. Their forecasts range from $10.00 to $16.90. On average, they expect Melco Resorts & Entertainment's share price to reach $13.73 in the next year. 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

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

Some companies that are related to Melco Resorts & Entertainment include Huazhu Group (HTHT), Hyatt Hotels (H), Wynn Resorts (WYNN), Wyndham Hotels & Resorts (WH), Choice Hotels International (CHH), Boyd Gaming (BYD), Penn National Gaming (PENN), Travel + Leisure (TNL), Red Rock Resorts (RRR), Park Hotels & Resorts (PK), Sunstone Hotel Investors (SHO), Xenia Hotels & Resorts (XHR), Great Eagle (GEAHF), Bally's (BALY) and Playa Hotels & Resorts (PLYA).
View all of MLCO's 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 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 many different institutional and retail 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 acquired 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.
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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.