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 Tuesday, February 19th. Stockholders of record on Monday, March 4th will be paid a dividend of $0.155 per share on Thursday, March 14th. This represents a $0.62 annualized dividend and a dividend yield of 2.84%. 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.

Melco Resorts & Entertainment Limited (NASDAQ:MLCO) released its earnings results on Tuesday, February, 19th. The company reported $0.27 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.23 by $0.04. The business had revenue of $1.40 billion for 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%. Melco Resorts & Entertainment's revenue for the quarter was up 4.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.17 earnings per share. View Melco Resorts & Entertainment's Earnings History.

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

12 brokerages have issued 12 month price objectives for Melco Resorts & Entertainment's stock. Their predictions range from $24.00 to $35.10. On average, they expect Melco Resorts & Entertainment's stock price to reach $28.4429 in the next twelve months. This suggests a possible upside of 30.2% from the stock's current price. View Analyst Price Targets 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.

News headlines about MLCO stock have trended negative on Tuesday, according to InfoTrie Sentiment Analysis. The research firm identifies negative and positive media coverage by analyzing more than six thousand blog and news sources. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Melco Resorts & Entertainment earned a coverage optimism score of -2.1 on InfoTrie's scale. They also assigned news headlines about the company a news buzz of 10.0 out of 10, indicating that recent media coverage is extremely likely to have an effect on the company's share price in the immediate future.

Melco Resorts & Entertainment saw a drop in short interest in the month of 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 trading volume, of 3,681,844 shares, the short-interest ratio is presently 1.1 days. View Melco Resorts & Entertainment's Current Options Chain.

Some companies that are related to Melco Resorts & Entertainment include Marriott International (MAR), Hilton Hotels (HLT), MGM Resorts International (MGM), Wynn Resorts (WYNN), Huazhu Group (HTHT), InterContinental Hotels Group (IHG), Hyatt Hotels (H), Park Hotels & Resorts (PK), Caesars Entertainment (CZR), Wyndham Hotels & Resorts (WH), Choice Hotels International (CHH), Eldorado Resorts (ERI), Extended Stay America (STAY), Sunstone Hotel Investors (SHO) and Boyd Gaming (BYD).

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).

Melco Resorts & Entertainment's stock is owned by a number of 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%).

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.

MLCO stock was bought 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.

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 $21.85.

Melco Resorts & Entertainment has a market capitalization of $10.80 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.

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]