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

4 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Melco Resorts & Entertainment in the last twelve months. There are currently 2 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" MLCO shares.
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4 Wall Street analysts have issued 1-year price targets for Melco Resorts & Entertainment's shares. Their MLCO share price forecasts range from $10.00 to $11.50. On average, they predict the company's stock price to reach $10.75 in the next twelve months. This suggests that the stock has a possible downside of 18.3%.
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Melco Resorts & Entertainment's stock was trading at $11.50 on January 1st, 2023. Since then, MLCO shares have increased by 14.4% and is now trading at $13.16.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, March 7th 2023.
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Melco Resorts & Entertainment Limited (NASDAQ:MLCO) announced its earnings results on Tuesday, November, 9th. The company reported ($0.43) earnings per share for the quarter, missing analysts' consensus estimates of ($0.38) by $0.05. The business earned $446.40 million during the quarter, compared to analyst estimates of $508.65 million. Melco Resorts & Entertainment had a negative trailing twelve-month return on equity of 182.94% and a negative net margin of 56.15%. The business's revenue was up 109.7% on a year-over-year basis. During the same quarter last year, the firm earned ($0.66) earnings per share.

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).

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

Melco Resorts & Entertainment's stock is owned by many different institutional and retail investors. Top institutional shareholders include Hardman Johnston Global Advisors LLC (3.51%), New York State Common Retirement Fund (0.63%), TORQ CAPITAL MANAGEMENT HK Ltd (0.21%), Solstein Capital LLC (0.03%), Simplex Trading LLC (0.00%) and Dupont Capital Management Corp (0.02%).

Shares of MLCO stock 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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One share of MLCO stock can currently be purchased for approximately $13.16.

Melco Resorts & Entertainment (NASDAQ:MLCO) has a market capitalization of $5.86 billion and generates $2.01 billion in revenue each year. The company earns $-811,750,000.00 in net income (profit) each year or ($1.79) on an earnings per share basis.

The company employs 17,878 workers across the globe.

Melco Resorts & Entertainment's mailing address is 36TH FLOOR THE CENTRIUM. 60 WYNDHAM STREET CENTRAL, HONG KONG K3, . The official website for the company is www.melco-resorts.com. The company can be reached via phone at 852-2598-3600, via email at ir@melco-resorts.com, or via fax at 852-2537-3618.