NASDAQ:MLCOMelco Resorts & Entertainment Stock Price, Forecast & News

$13.46

+0.64 (+4.99 %)

(As of 04/9/2020 09:45 AM ET)

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Today's Range

$13.20

Now: $13.46▼

$13.52

50-Day Range

$11.00

MA: $15.42▼

$21.68

52-Week Range

$10.81

Now: $13.46▼

$26.97

Volume153,714 shs

Average Volume4.46 million shs

Market Capitalization$6.65 billion

P/E Ratio17.25

Dividend Yield5.30%

Beta1.96

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.

Beat the Market (BTM) Rank^™

3.5 Analyst's Opinion

Consensus Rating
Melco Resorts & Entertainment has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 5 buy ratings, no hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $26.36, Melco Resorts & Entertainment has a potential upside of 95.9% from its current price of $13.46.
Amount of Analyst Coverage
Melco Resorts & Entertainment has only been the subject of 1 research reports in the past 90 days.

2.4 Community Rank

Outperform Votes
Melco Resorts & Entertainment has received 541 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
Melco Resorts & Entertainment has received 588 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
Melco Resorts & Entertainment has received 52.08% “underperform” votes from our community.

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.

3.3 Dividend Strength

Dividend Leadership
Melco Resorts & Entertainment is a leading dividend payer. It pays a dividend yield of 5.30%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
Melco Resorts & Entertainment has only been increasing its dividend for 3 years.
Dividend Coverage
The dividend payout ratio of Melco Resorts & Entertainment is 69.15 %. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, Melco Resorts & Entertainment will have a dividend payout ratio of 60.75 % next year. This indicates that Melco Resorts & Entertainment will be able to sustain or increase its dividend.

1.0 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 Institutions
36.02% of the stock of Melco Resorts & Entertainment is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

0.6 Earnings and Valuation

Earnings Growth
Earnings for Melco Resorts & Entertainment are expected to decrease by -314.00% in the coming year, from ($0.50) to $1.07 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Melco Resorts & Entertainment is 17.25, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 12.32.
Price to Earnings Ratio vs. Sector
The P/E ratio of Melco Resorts & Entertainment is 17.25, which means that it is trading at a less expensive P/E ratio than the Consumer Discretionary sector average P/E ratio of about 17.75.
Price to Book Value per Share Ratio
Melco Resorts & Entertainment has a P/B Ratio of 2.12. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Overall Beat the Market Rank^™

2.17 out of 5 stars

Industry, Sector and Symbol

Stock Exchange NASDAQ

Industry Hotels & motels

Sub-IndustryN/A

SectorConsumer Discretionary

Current SymbolNASDAQ:MLCO

Previous Symbol

CUSIPN/A

CIK1381640

Webhttp://www.melco-resorts.com/

Phone852-2598-3600

Debt

Debt-to-Equity Ratio1.51

Current Ratio1.24

Quick Ratio1.21

Price-To-Earnings

Trailing P/E Ratio17.25

Forward P/E RatioN/A

P/E GrowthN/A

Sales & Book Value

Annual Sales$5.74 billion

Price / Sales1.16

Cash Flow$2.48 per share

Price / Cash Flow5.43

Book Value$6.36 per share

Price / Book2.12

Profitability

EPS (Most Recent Fiscal Year)$0.94

Net Income$373.17 million

Net Margins6.48%

Return on Equity15.06%

Return on Assets4.69%

Miscellaneous

Employees21,413

Outstanding Shares494,330,000

Market Cap$6.65 billion

Next Earnings Date5/5/2020 (Estimated)

OptionableOptionable

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

How has Melco Resorts & Entertainment's stock been impacted by COVID-19 (Coronavirus)?

Melco Resorts & Entertainment's stock was trading at $15.45 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, MLCO stock has decreased by 12.9% and is now trading at $13.4550. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Melco Resorts & Entertainment?

5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Melco Resorts & Entertainment in the last year. There are currently 5 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for Melco Resorts & Entertainment.

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

Melco Resorts & Entertainment is scheduled to release its next quarterly earnings announcement on Tuesday, May 5th 2020. View our earnings forecast for Melco Resorts & Entertainment.

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

Melco Resorts & Entertainment Limited (NASDAQ:MLCO) posted its quarterly earnings data on Thursday, February, 20th. The company reported $0.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.32 by $0.13. The firm earned $1.45 billion during the quarter, compared to analyst estimates of $1.43 billion. Melco Resorts & Entertainment had a return on equity of 15.06% and a net margin of 6.48%. View Melco Resorts & Entertainment's earnings history.

How often does Melco Resorts & Entertainment pay dividends? What is the dividend yield for Melco Resorts & Entertainment?

Melco Resorts & Entertainment announced a quarterly dividend on Friday, February 21st. Shareholders of record on Monday, March 2nd will be paid a dividend of $0.1651 per share on Thursday, March 12th. This represents a $0.66 annualized dividend and a yield of 4.91%. The ex-dividend date is Friday, February 28th. This is an increase from Melco Resorts & Entertainment's previous quarterly dividend of $0.17. View Melco Resorts & Entertainment's dividend history.

What price target have analysts set for MLCO?

5 equities research analysts have issued twelve-month price targets for Melco Resorts & Entertainment's stock. Their forecasts range from $25.00 to $27.00. On average, they anticipate Melco Resorts & Entertainment's stock price to reach $26.36 in the next twelve months. This suggests a possible upside of 95.9% from the stock's current price. View analysts' price targets for Melco Resorts & Entertainment.

Has Melco Resorts & Entertainment been receiving favorable news coverage?

Media headlines about MLCO stock have trended very negative this week, according to InfoTrie. The research firm rates the sentiment of news coverage by analyzing more than six thousand news and blog sources. The firm ranks coverage of companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Melco Resorts & Entertainment earned a news sentiment score of -3.3 on InfoTrie's scale. They also gave news stories about the company a news buzz of 0.0 out of 10, indicating that recent news coverage is extremely unlikely to have an impact on the stock's share price in the near term. View the latest news aboutMelco Resorts & Entertainment.

Who are some of Melco Resorts & Entertainment's key competitors?

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

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 Alibaba Group (BABA), Las Vegas Sands (LVS), Micron Technology (MU), MGM Resorts International (MGM), Golar LNG (GLNG), NVIDIA (NVDA), JD.Com (JD), Wynn Resorts (WYNN), Energy Transfer LP Unit (ET) and AT&T (T).

Who are Melco Resorts & Entertainment's key executives?

Melco Resorts & Entertainment's management team includes the following 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

What is Melco Resorts & Entertainment's stock symbol?

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

Who are Melco Resorts & Entertainment's major shareholders?

Melco Resorts & Entertainment's stock is owned by a number of retail and institutional investors. Top institutional investors include Confluence Investment Management LLC (0.01%) and IFM Investors Pty Ltd (0.00%).

Which institutional investors are selling Melco Resorts & Entertainment stock?

MLCO stock was sold by a variety of institutional investors in the last quarter, including IFM Investors Pty Ltd, and Confluence Investment Management LLC.

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, Robinhood, Fidelity, and Charles Schwab.

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

One share of MLCO stock can currently be purchased for approximately $13.46.

How big of a company is Melco Resorts & Entertainment?

Melco Resorts & Entertainment has a market capitalization of $6.65 billion and generates $5.74 billion in revenue each year. The company earns $373.17 million in net income (profit) each year or $0.94 on an earnings per share basis. Melco Resorts & Entertainment employs 21,413 workers across the globe. View additional information about Melco Resorts & Entertainment.

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 CENTRAL, HONG KONG K3, . The company can be reached via phone at 852-2598-3600 or via email at [email protected]

This page was last updated on 4/9/2020 by MarketBeat.com Staff

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NASDAQ:MLCOMelco Resorts & Entertainment Stock Price, Forecast & News

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Beat the Market (BTM) Rank™

3.5 Analyst's Opinion

Consensus Rating

Price Target Upside/Downside

Amount of Analyst Coverage

2.4 Community Rank

Outperform Votes

Underperform Votes

Community Sentiment