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

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

Melco Resorts & Entertainment declared a quarterly dividend on Friday, November 9th. Stockholders of record on Monday, November 19th will be given a dividend of $0.1451 per share on Thursday, November 29th. This represents a $0.58 annualized dividend and a dividend yield of 2.74%. The ex-dividend date of this dividend 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.

Melco Resorts & Entertainment Limited (NASDAQ:MLCO) posted its earnings results on Thursday, November, 8th. The company reported $0.04 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.22 by $0.18. The company had revenue of $1.22 billion for the quarter, compared to analysts' expectations of $1.34 billion. Melco Resorts & Entertainment had a net margin of 5.98% and a return on equity of 11.89%. The firm's quarterly revenue was down 11.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.24 EPS. View Melco Resorts & Entertainment's Earnings History.

Melco Resorts & Entertainment is scheduled to release their next quarterly earnings announcement on Thursday, February 14th 2019. View Earnings Estimates for Melco Resorts & Entertainment.

11 equities research analysts have issued 12 month price targets for Melco Resorts & Entertainment's stock. Their predictions range from $19.00 to $35.10. On average, they anticipate Melco Resorts & Entertainment's stock price to reach $29.1833 in the next twelve months. This suggests a possible upside of 37.7% from the stock's current price. View Analyst Price Targets 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.

Press coverage about MLCO stock has trended somewhat positive this week, InfoTrie reports. The research firm rates the sentiment of press coverage by analyzing more than six thousand blog and news sources in real time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Melco Resorts & Entertainment earned a daily sentiment score of 0.9 on InfoTrie's scale. They also assigned news stories about the company a news buzz of 2.0 out of 10, meaning that recent press coverage is very unlikely to have an impact on the company's share price in the immediate future.

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).

Melco Resorts & Entertainment's stock is owned by many different of retail and institutional investors. Top institutional shareholders include USA Mutuals Advisors Inc. (0.03%), Gateway Investment Advisers LLC (0.02%), PM CAPITAL Ltd (0.02%), PM CAPITAL Ltd (0.02%), Confluence Investment Management LLC (0.00%) and Virtu Financial LLC (0.00%).

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

MLCO stock was acquired 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.

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.

One share of MLCO stock can currently be purchased for approximately $21.20.

Melco Resorts & Entertainment has a market capitalization of $10.14 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.

The official website for Melco Resorts & Entertainment is http://www.melco-resorts.com.

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]