Should I buy or sell Melco Resorts & Entertainment stock right now?

5 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Melco Resorts & Entertainment in the last twelve months. There are currently 2 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" MLCO shares. View MLCO analyst ratings or view top-rated stocks .

What is Melco Resorts & Entertainment's stock price target for 2024?

5 analysts have issued 12-month target prices for Melco Resorts & Entertainment's stock. Their MLCO share price targets range from $9.60 to $18.20. On average, they expect the company's stock price to reach $14.78 in the next twelve months. This suggests a possible upside of 130.9% from the stock's current price. View analysts price targets for MLCO or view top-rated stocks among Wall Street analysts .

How have MLCO shares performed in 2024?

Melco Resorts & Entertainment's stock was trading at $8.87 at the start of the year. Since then, MLCO shares have decreased by 27.8% and is now trading at $6.40. View the best growth stocks for 2024 here .

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

The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 8th 2024. View our MLCO earnings forecast .

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

Melco Resorts & Entertainment Limited (NASDAQ:MLCO) announced its earnings results on Thursday, February, 29th. The company reported $0.13 EPS for the quarter, topping the consensus estimate of $0.03 by $0.10. The business earned $1.09 billion during the quarter, compared to the consensus estimate of $1.14 billion. Melco Resorts & Entertainment's revenue for the quarter was up 224.4% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.51) earnings per share.

What ETFs hold Melco Resorts & Entertainment's stock?

ETFs with the largest weight of Melco Resorts & Entertainment (NASDAQ:MLCO) stock in their portfolio include iBET Sports Betting & Gaming ETF (IBET) , Alpha Architect International Quantitative Momentum ETF (IMOM) , B.A.D. Etf (BAD) , VanEck Gaming ETF (BJK) and Amplify International Enhanced Dividend Income ETF (IDVO) . Constrained Capital ESG Orphans ETF (ORFN) .

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 major shareholders?

Melco Resorts & Entertainment's stock is owned by many different retail and institutional investors. Top institutional investors include ARGA Investment Management LP (6.59%) and IMC Chicago LLC (0.00%).

How do I buy shares of Melco Resorts & Entertainment?

Shares of MLCO stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here .

NASDAQ:MLCO

Melco Resorts & Entertainment (MLCO) Stock Price, News & Analysis

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Free MLCO Stock Alerts

$6.40

-0.49 (-7.11%)

(As of 04/17/2024 ET)

Compare

Today's Range: $6.30
▼
$6.89
50-Day Range: $6.40
▼
$9.20
52-Week Range: $6.30
▼
$14.45

Volume: 8.39 million shs
Average Volume: 3.06 million shs
Market Capitalization: $2.85 billion

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $14.78

Get Melco Resorts & Entertainment alerts:

Melco Resorts & Entertainment MarketRank™ Stock Analysis

Analyst Rating: Moderate Buy
2.60 Rating Score
Upside/Downside: 130.9% Upside
$14.78 Price Target
Short Interest: Healthy
2.44% of Float Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: 0.75
Based on 7 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: 82.14%
From $0.28 to $0.51 Per Share

Overall MarketRank^™

New Rank-Based ScoringMarketRank^™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

3.07 out of 5 stars

Consumer Discretionary Sector

141st out of 259 stocks

Hotels & Motels Industry

19th out of 27 stocks

3.3

Analyst's Opinion

Consensus Rating
Melco Resorts & Entertainment has received a consensus rating of Moderate Buy. The company's average rating score is 2.60, and is based on 3 buy ratings, 2 hold ratings, and no sell ratings.
Amount of Analyst Coverage
Melco Resorts & Entertainment has received no research coverage in the past 90 days.

3.0

Short Interest

Percentage of Shares Shorted
2.44% of the float of Melco Resorts & Entertainment has been sold short.
Short Interest Ratio / Days to Cover
Melco Resorts & Entertainment has a short interest ratio ("days to cover") of 3.6, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Melco Resorts & Entertainment has recently increased by 19.48%, indicating that investor sentiment is decreasing significantly.

0.0

Dividend Strength

Dividend Yield
Melco Resorts & Entertainment does not currently pay a dividend.
Dividend Growth
Melco Resorts & Entertainment does not have a long track record of dividend growth.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for MLCO.

3.2

News and Social Media Coverage

News Sentiment
Melco Resorts & Entertainment has a news sentiment score of 0.75. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.46 average news sentiment score of Consumer Discretionary companies.
News Coverage This Week
MarketBeat has tracked 7 news articles for Melco Resorts & Entertainment this week, compared to 3 articles on an average week.
Search Interest
5 people have searched for MLCO on MarketBeat in the last 30 days. This is an increase of 67% compared to the previous 30 days.
MarketBeat Follows
Only 2 people have added Melco Resorts & Entertainment to their MarketBeat watchlist in the last 30 days. This is a decrease of -50% compared to the previous 30 days.

1.7

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Melco Resorts & Entertainment insiders have not sold or bought any company stock.
Percentage Held by Insiders
57.09% of the stock of Melco Resorts & Entertainment is held by insiders. A high percentage of insider ownership can be a sign of company health.
Percentage Held by Institutions
Only 39.62% of the stock of Melco Resorts & Entertainment is held by institutions.

1.9

Earnings and Valuation

Earnings Growth
Earnings for Melco Resorts & Entertainment are expected to grow by 82.14% in the coming year, from $0.28 to $0.51 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Melco Resorts & Entertainment is -10.16, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Ratio vs. Sector
The P/E ratio of Melco Resorts & Entertainment is -10.16, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

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About Melco Resorts & Entertainment Stock (NASDAQ:MLCO)

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.

MLCO Stock Price History

30 days | 90 days | 365 days | Advanced Chart

MLCO Stock News Headlines

April 16, 2024 | msn.com

Seaport Global Initiates Coverage of Melco Resorts & Entertainment Limited - Depositary Receipt () (MLCO) with Buy Recommendation

April 15, 2024 | markets.businessinsider.com

Maintaining Hold on Melco Resorts Amid Financial Restructuring and Market Share Uncertainty

April 17, 2024 | American Alternative (Ad)

Your Money is Not Safe

April 13, 2024 | finance.yahoo.com

Melco Resorts & Entertainment (NASDAQ:MLCO) Could Be At Risk Of Shrinking As A Company

April 11, 2024 | americanbankingnews.com

Melco Resorts & Entertainment (NASDAQ:MLCO) Shares Gap Up to $7.09

April 9, 2024 | globenewswire.com

Melco Resorts Finance Announces Pricing of Senior Notes Offering

April 8, 2024 | globenewswire.com

Melco Resorts Finance Announces Proposed Senior Notes Offering

April 8, 2024 | globenewswire.com

Melco Announces Extension of Maturity Date of Revolving Credit Facilities

April 17, 2024 | American Alternative (Ad)

Your Money is Not Safe

March 16, 2024 | finance.yahoo.com

MLCO Mar 2024 6.500 call

March 16, 2024 | finance.yahoo.com

MLCO Mar 2024 9.000 call

March 16, 2024 | finance.yahoo.com

MLCO Mar 2024 7.500 call

March 15, 2024 | ca.finance.yahoo.com

MLCO Oct 2024 4.000 put

March 12, 2024 | seekingalpha.com

Melco Resorts: A High Valuation And Debt Overhang

March 3, 2024 | finance.yahoo.com

Melco Resorts & Entertainment Full Year 2023 Earnings: EPS Misses Expectations

March 2, 2024 | seekingalpha.com

Melco Resorts & Entertainment Limited (MLCO) Q4 2023 Earnings Call Transcript

February 29, 2024 | benzinga.com

Why Casino Gaming Operator Melco Resorts & Entertainment Shares Are Down Today

February 29, 2024 | msn.com

Melco Resorts & Entertainment GAAP EPS of $0.36, revenue of $1.09B

February 29, 2024 | seekingalpha.com

Melco Resorts & Entertainment Limited 2023 Q4 - Results - Earnings Call Presentation

February 29, 2024 | globenewswire.com

Melco Announces Unaudited Fourth Quarter 2023 Earnings

February 28, 2024 | msn.com

Melco Resorts & Entertainment Q4 2023 Earnings Preview

February 25, 2024 | finance.yahoo.com

MLCO Mar 2024 8.000 put

February 24, 2024 | finance.yahoo.com

MLCO Mar 2024 10.500 call

February 24, 2024 | finance.yahoo.com

MLCO Mar 2024 7.000 put

February 24, 2024 | finance.yahoo.com

MLCO Mar 2024 6.000 call

February 23, 2024 | ca.finance.yahoo.com

MLCO Mar 2024 8.500 put

February 23, 2024 | ca.finance.yahoo.com

MLCO Mar 2024 8.000 call

See More Headlines

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Company Calendar

Last Earnings: 2/29/2024
Today: 4/17/2024
Next Earnings (Estimated): 5/08/2024
Fiscal Year End: 12/31/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NASDAQ
Sector: Consumer Discretionary
Industry: Hotels & motels
Sub-Industry: N/A
Current Symbol: NASDAQ:MLCO
CUSIP: N/A
CIK: 1381640
Web: www.melco-resorts.com
Phone: 852-2598-3600
Fax: 852-2537-3618
Employees: 20,209
Year Founded: N/A

Price Target and Rating

Average Stock Price Target: $14.78
High Stock Price Target: $18.20
Low Stock Price Target: $9.60
Potential Upside/Downside: +130.1%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.60
Research Coverage: 5 Analysts

Profitability

EPS (Most Recent Fiscal Year): ($0.63)
Trailing P/E Ratio: N/A
Forward P/E Ratio: 22.93
P/E Growth: N/A
Net Income: $-326,920,000.00
Net Margins: -7.35%
Pretax Margin: -10.65%
Return on Equity: N/A
Return on Assets: -0.28%

Debt

Debt-to-Equity Ratio: N/A
Current Ratio: 1.40
Quick Ratio: 1.37

Sales & Book Value

Annual Sales: $3.78 billion
Price / Sales: 0.76
Cash Flow: $1.12 per share
Price / Cash Flow: 5.75
Book Value: ($1.89) per share
Price / Book: -3.40

Miscellaneous

Outstanding Shares: 445,090,000
Free Float: 190,988,000
Market Cap: $2.86 billion
Optionable: Optionable
Beta: 1.11

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Key Executives

Mr. Yau Lung Ho (Age 41)
Chairman and Chief Exec. Officer
Mr. Geoffrey Stuart Davis CFA (Age 49)
CFO, Exec. VP & Treasurer
Mr. Ross Dunwoody
VP of Investor Relations
Ms. Stephanie Cheung (Age 56)
Chief Legal Officer, Exec. VP and Company Sec.
Ms. Leanne Palmer
VP of Financial Compliance

Key Competitors

View All Competitors

Institutional Ownership

View All Institutional Transactions

MLCO Stock Analysis - Frequently Asked Questions

Should I buy or sell Melco Resorts & Entertainment stock right now?: 5 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Melco Resorts & Entertainment in the last twelve months. There are currently 2 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" MLCO shares.
View MLCO analyst ratings or view top-rated stocks.
What is Melco Resorts & Entertainment's stock price target for 2024?: 5 analysts have issued 12-month target prices for Melco Resorts & Entertainment's stock. Their MLCO share price targets range from $9.60 to $18.20. On average, they expect the company's stock price to reach $14.78 in the next twelve months. This suggests a possible upside of 130.9% from the stock's current price.
View analysts price targets for MLCO or view top-rated stocks among Wall Street analysts.
How have MLCO shares performed in 2024?: Melco Resorts & Entertainment's stock was trading at $8.87 at the start of the year. Since then, MLCO shares have decreased by 27.8% and is now trading at $6.40.
View the best growth stocks for 2024 here.
When is Melco Resorts & Entertainment's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 8th 2024.
View our MLCO earnings forecast.
How were Melco Resorts & Entertainment's earnings last quarter?: Melco Resorts & Entertainment Limited (NASDAQ:MLCO) announced its earnings results on Thursday, February, 29th. The company reported $0.13 EPS for the quarter, topping the consensus estimate of $0.03 by $0.10. The business earned $1.09 billion during the quarter, compared to the consensus estimate of $1.14 billion. Melco Resorts & Entertainment's revenue for the quarter was up 224.4% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.51) earnings per share.

What ETFs hold Melco Resorts & Entertainment's stock?: ETFs with the largest weight of Melco Resorts & Entertainment (NASDAQ:MLCO) stock in their portfolio include iBET Sports Betting & Gaming ETF (IBET), Alpha Architect International Quantitative Momentum ETF (IMOM), B.A.D. Etf (BAD), VanEck Gaming ETF (BJK) and Amplify International Enhanced Dividend Income ETF (IDVO).Constrained Capital ESG Orphans ETF (ORFN).
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 major shareholders?: Melco Resorts & Entertainment's stock is owned by many different retail and institutional investors. Top institutional investors include ARGA Investment Management LP (6.59%) and IMC Chicago LLC (0.00%).
How do I buy shares of Melco Resorts & Entertainment?: Shares of MLCO stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NASDAQ:MLCO) was last updated on 4/17/2024 by MarketBeat.com Staff

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Melco Resorts & Entertainment (MLCO) Stock Price, News & Analysis

Melco Resorts & Entertainment MarketRank™ Stock Analysis

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

News and Social Media Coverage

News Sentiment

News Coverage This Week

Search Interest

MarketBeat Follows

Company Ownership

Earnings and Valuation

About Melco Resorts & Entertainment Stock (NASDAQ:MLCO)

MLCO Stock Price History

MLCO Stock News Headlines

Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

Institutional Ownership

MLCO Stock Analysis - Frequently Asked Questions

Overall MarketRank^™