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

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$21.55 -0.07 (-0.32 %)
(As of 03/25/2019 04:00 PM ET)
Previous Close$21.62
Today's Range$21.17 - $21.76
52-Week Range$15.33 - $32.95
Volume1.55 million shs
Average Volume2.71 million shs
Market Capitalization$10.65 billion
P/E Ratio24.21
Dividend Yield2.82%
Beta1.62
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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Industry, Sector and Symbol

Industry Hotels & motels
Sub-IndustryN/A
SectorConsumer Discretionary
Current SymbolNASDAQ:MLCO
CUSIPN/A
Phone852-2598-3600

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$5.16 billion
Cash Flow$2.0140 per share
Book Value$5.55 per share

Profitability

Net Income$351.51 million

Miscellaneous

Employees19,609
Market Cap$10.65 billion
Next Earnings Date5/2/2019 (Estimated)
OptionableOptionable

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

What is Melco Resorts & Entertainment's stock symbol?

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

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 Tuesday, February 19th. Shareholders of record on Monday, March 4th will be given a dividend of $0.155 per share on Thursday, March 14th. This represents a $0.62 dividend on an annualized basis and a yield of 2.88%. The ex-dividend date is Friday, March 1st. This is an increase from Melco Resorts & Entertainment's previous quarterly dividend of $0.15. View Melco Resorts & Entertainment's Dividend History.

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

Melco Resorts & Entertainment Limited (NASDAQ:MLCO) posted its quarterly earnings results on Tuesday, February, 19th. The company reported $0.27 EPS for the quarter, beating the Zacks' consensus estimate of $0.23 by $0.04. The business earned $1.40 billion during the quarter, compared to analysts' expectations of $1.37 billion. Melco Resorts & Entertainment had a return on equity of 13.92% and a net margin of 6.81%. The firm's revenue for the quarter was up 4.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.17 earnings per share. View Melco Resorts & Entertainment's Earnings History.

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

Melco Resorts & Entertainment is scheduled to release their next quarterly earnings announcement on Thursday, May 2nd 2019. View Earnings Estimates for Melco Resorts & Entertainment.

What price target have analysts set for MLCO?

12 brokers have issued 12 month price targets for Melco Resorts & Entertainment's shares. Their predictions range from $24.00 to $35.10. On average, they expect Melco Resorts & Entertainment's share price to reach $28.4429 in the next year. This suggests a possible upside of 32.0% from the stock's current price. View Analyst Price Targets for Melco Resorts & Entertainment.

What is the consensus analysts' recommendation for Melco Resorts & Entertainment?

12 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Melco Resorts & Entertainment in the last year. There are currently 1 hold rating and 11 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Melco Resorts & Entertainment.

Has Melco Resorts & Entertainment been receiving favorable news coverage?

Media stories about MLCO stock have been trending somewhat negative this week, InfoTrie reports. InfoTrie identifies negative and positive news coverage by monitoring more than six thousand blog and news sources. The firm ranks coverage of public companies on a scale of -5 to 5, with scores closest to five being the most favorable. Melco Resorts & Entertainment earned a news sentiment score of -1.1 on InfoTrie's scale. They also gave news articles about the company a news buzz of 10.0 out of 10, meaning that recent news coverage is extremely likely to have an effect on the stock's share price in the immediate future.

Are investors shorting Melco Resorts & Entertainment?

Melco Resorts & Entertainment saw a drop in short interest in February. As of February 28th, there was short interest totalling 3,931,617 shares, a drop of 22.6% from the February 15th total of 5,078,841 shares. Based on an average daily volume of 3,681,844 shares, the days-to-cover ratio is currently 1.1 days. View Melco Resorts & Entertainment's Current Options Chain.

Who are some of Melco Resorts & Entertainment's key 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), Micron Technology (MU), MGM Resorts International (MGM), NVIDIA (NVDA), Wynn Resorts (WYNN), Tesla (TSLA), Twitter (TWTR), Netflix (NFLX) and Intel (INTC).

Who are Melco Resorts & Entertainment's key executives?

Melco Resorts & Entertainment's management team includes the folowing 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 Melco Resorts & Entertainment's major shareholders?

Melco Resorts & Entertainment's stock is owned by many different of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (4.24%), Hardman Johnston Global Advisors LLC (2.18%), Boston Partners (1.01%), Coronation Fund Managers Ltd. (0.77%), Flowering Tree Investment Management Pte. Ltd. (0.70%) and Broad Peak Investment Management LTD. (0.54%).

Which institutional investors are selling Melco Resorts & Entertainment stock?

MLCO stock was sold by a variety of institutional investors in the last quarter, including FMR LLC, Bank of America Corp DE, Two Sigma Investments LP, BlackRock Inc., Bank of Montreal Can, American Century Companies Inc., USA Mutuals Advisors Inc. and Eagle Global Advisors LLC.

Which institutional investors are buying Melco Resorts & Entertainment stock?

MLCO stock was acquired by a variety of institutional investors in the last quarter, including Boston Partners, Coronation Fund Managers Ltd., Perpetual Ltd, Hardman Johnston Global Advisors LLC, Ardevora Asset Management LLP, Legal & General Group Plc, Two Sigma Advisers LP and Westpac Banking Corp.

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, Scottrade, Fidelity and Charles Schwab.

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

One share of MLCO stock can currently be purchased for approximately $21.55.

How big of a company is Melco Resorts & Entertainment?

Melco Resorts & Entertainment has a market capitalization of $10.65 billion and generates $5.16 billion in revenue each year. The company earns $351.51 million in net income (profit) each year or $0.89 on an earnings per share basis. Melco Resorts & Entertainment employs 19,609 workers across the globe.

What is Melco Resorts & Entertainment's official website?

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


MarketBeat Community Rating for Melco Resorts & Entertainment (NASDAQ MLCO)

Community Ranking:  2.4 out of 5 (star star)
Outperform Votes:  479 (Vote Outperform)
Underperform Votes:  503 (Vote Underperform)
Total Votes:  982
MarketBeat's community ratings are surveys of what our community members think about Melco Resorts & Entertainment and other stocks. Vote "Outperform" if you believe MLCO will outperform the S&P 500 over the long term. Vote "Underperform" if you believe MLCO will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 3/25/2019 by MarketBeat.com Staff

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