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NASDAQ:MLCO

Melco Resorts & Entertainment Stock Forecast, Price & News

$14.63
-0.30 (-2.01 %)
(As of 10/19/2020 12:00 AM ET)
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Today's Range
$14.50
Now: $14.63▼
$15.05
50-Day Range
$14.91
MA: $17.53▼
$19.90
52-Week Range
$10.81
Now: $14.63▼
$25.22
Volume3.77 million shs
Average Volume3.38 million shs
Market Capitalization$6.73 billion
P/E RatioN/A
Dividend Yield2.21%
Beta1.96
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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Melco Resorts & Entertainment logo

Beat the Market (BTM) Rank™

Analyst Opinion: 4.3Community Rank: 2.4Dividend Strength: 1.7Insider Behavior: 1.0Valuation: 0.6 5 -4 -3 -2 -1 -

Overall Beat the Market Rank™

2.00 out of 5 stars

Industry, Sector and Symbol

Stock Exchange NASDAQ
Industry Hotels & motels
Sub-IndustryN/A
SectorConsumer Discretionary
Current SymbolNASDAQ:MLCO
Previous Symbol
CUSIPN/A
CIK1381640
Webwww.melco-resorts.com
Phone852-2598-3600
Employees23,078

Debt

Debt-to-Equity Ratio2.12
Current Ratio1.05
Quick Ratio1.01

Price-To-Earnings

Trailing P/E RatioN/A
Forward P/E RatioN/A
P/E GrowthN/A

Sales & Book Value

Annual Sales$5.74 billion
Price / Sales1.17
Cash Flow$2.12 per share
Price / Cash Flow6.89
Book Value$6.36 per share
Price / Book2.30

Profitability

EPS (Most Recent Fiscal Year)$0.94
Net Income$373.17 million
Net Margins-14.98%
Return on Equity-21.63%
Return on Assets-6.68%

Miscellaneous

Outstanding Shares459,920,000
Market Cap$6.73 billion
Next Earnings Date11/4/2020 (Estimated)
OptionableOptionable
$14.63
-0.30 (-2.01 %)
(As of 10/19/2020 12:00 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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

How has Melco Resorts & Entertainment's stock been impacted by Coronavirus (COVID-19)?

Melco Resorts & Entertainment's stock was trading at $15.45 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, MLCO shares have decreased by 5.3% and is now trading at $14.63.
View which stocks have been most impacted by COVID-19.

Do Wall Street analysts recommend investors buy shares of Melco Resorts & Entertainment?

8 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 6 buy ratings for the stock, resulting in a consensus recommendation of "Buy."
View analyst ratings for Melco Resorts & Entertainment.

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

Melco Resorts & Entertainment is scheduled to release its next quarterly earnings announcement on Wednesday, November 4th 2020.
View our earnings forecast for Melco Resorts & Entertainment.

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

Melco Resorts & Entertainment Limited (NASDAQ:MLCO) issued its quarterly earnings data on Thursday, August, 20th. The company reported ($0.77) EPS for the quarter, topping the consensus estimate of ($1.15) by $0.38. The firm had revenue of $175.80 million for the quarter, compared to the consensus estimate of $187.31 million. Melco Resorts & Entertainment had a negative return on equity of 21.63% and a negative net margin of 14.98%. The business's revenue for the quarter was down 88.0% compared to the same quarter last year. During the same period in the previous year, the company earned $0.22 earnings per share.
View Melco Resorts & Entertainment's earnings history.

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, February 21st. Investors of record on Monday, March 2nd will be given a dividend of $0.1651 per share on Thursday, March 12th. This represents a $0.66 dividend on an annualized basis and a yield of 4.51%. The ex-dividend date is Friday, February 28th. This is a boost from Melco Resorts & Entertainment's previous quarterly dividend of $0.17.
View Melco Resorts & Entertainment's dividend history.

What price target have analysts set for MLCO?

8 brokers have issued 12-month price objectives for Melco Resorts & Entertainment's stock. Their forecasts range from $18.70 to $35.00. On average, they anticipate Melco Resorts & Entertainment's stock price to reach $23.75 in the next year. This suggests a possible upside of 62.3% from the stock's current price.
View analysts' price targets for Melco Resorts & Entertainment.

Are investors shorting Melco Resorts & Entertainment?

Melco Resorts & Entertainment saw a decrease in short interest during the month of September. As of September 30th, there was short interest totaling 2,710,000 shares, a decrease of 14.0% from the September 15th total of 3,150,000 shares. Based on an average daily trading volume, of 3,320,000 shares, the days-to-cover ratio is currently 0.8 days.
View Melco Resorts & Entertainment's Short Interest.

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

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

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 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 variety of institutional and retail investors. Top institutional shareholders include DAVENPORT & Co LLC (0.02%), Envestnet Asset Management Inc. (0.01%) and Confluence Investment Management LLC (0.01%).

Which major investors are selling Melco Resorts & Entertainment stock?

MLCO stock was sold by a variety of institutional investors in the last quarter, including DAVENPORT & Co LLC, Envestnet Asset Management Inc., and Confluence Investment Management 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, Robinhood, Fidelity, and Charles Schwab.

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

One share of MLCO stock can currently be purchased for approximately $14.63.

How big of a company is Melco Resorts & Entertainment?

Melco Resorts & Entertainment has a market capitalization of $6.73 billion and generates $5.74 billion in revenue each year. The company earns $373.17 million in net income (profit) each year or $0.94 on an earnings per share basis. Melco Resorts & Entertainment employs 23,078 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 or via email at [email protected]

This page was last updated on 10/19/2020 by MarketBeat.com Staff
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