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 year. There are currently 1 hold rating and 3 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 equities research analysts have issued twelve-month target prices for Melco Resorts & Entertainment's stock. Their MLCO share price forecasts range from $11.50 to $13.00. On average, they predict the company's share price to reach $12.25 in the next year. This suggests a possible upside of 58.5% from the stock's current price.
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Melco Resorts & Entertainment's stock was trading at $10.18 at the beginning of 2022. Since then, MLCO shares have decreased by 24.1% and is now trading at $7.73.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, November 8th 2022.
View our MLCO earnings forecast.

Melco Resorts & Entertainment Limited (NASDAQ:MLCO) posted its earnings results on Thursday, August, 18th. The company reported ($0.51) EPS for the quarter, topping analysts' consensus estimates of ($0.52) by $0.01. The business earned $296.11 million during the quarter, compared to the consensus estimate of $383.51 million. Melco Resorts & Entertainment had a negative trailing twelve-month return on equity of 106.14% and a negative net margin of 48.76%.

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."

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 $7.73.

Melco Resorts & Entertainment (NASDAQ:MLCO) has a market capitalization of $3.53 billion and generates $2.01 billion in revenue each year. The company earns $-811,750,000.00 in net income (profit) each year or ($1.75) 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.