NASDAQ:MLCO

Melco Resorts & Entertainment - MLCO Stock Forecast, Price & News

$12.86

-0.30 (-2.28%)

(As of 02/7/2023 12:30 PM ET)

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Today's Range: $12.83
▼
$13.46
50-Day Range: $7.95
▼
$13.79
52-Week Range: $4.06
▼
$14.24

Volume: 1.34 million shs
Average Volume: 4.75 million shs
Market Capitalization: $5.72 billion

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $10.75

Institutional Ownership

Melco Resorts & Entertainment MarketRank™ Forecast

Analyst Rating: Moderate Buy
2.50 Rating Score
Upside/Downside: 16.3% Downside
$10.75 Price Target
Short Interest: Healthy
2.20% of Float Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: N/A
Insider Trading: N/A
Proj. Earnings Growth: Growing
From ($2.05) to ($0.43) Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.70 out of 5 stars

Consumer Discretionary Sector

221st out of 267 stocks

Hotels & Motels Industry

22nd out of 25 stocks

1.3

Analyst's Opinion

Consensus Rating
Melco Resorts & Entertainment has received a consensus rating of Buy. The company's average rating score is 2.50, and is based on 2 buy ratings, 2 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $10.75, Melco Resorts & Entertainment has a forecasted downside of 16.3% from its current price of $12.85.
Amount of Analyst Coverage
Melco Resorts & Entertainment has only been the subject of 1 research reports in the past 90 days.

5.0

Short Interest

Percentage of Shares Shorted
2.20% 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 1.7, 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 decreased by 14.29%, indicating that investor sentiment is improving 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.

3.6

News and Social Media Coverage

News Sentiment
Melco Resorts & Entertainment has a news sentiment score of 1.47. 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 0.50 average news sentiment score of Consumer Discretionary companies.
News Coverage This Week
MarketBeat has tracked 1 news article for Melco Resorts & Entertainment this week, compared to 1 article on an average week.
Search Interest
18 people have searched for MLCO on MarketBeat in the last 30 days. This is an increase of 50% compared to the previous 30 days.
MarketBeat Follows
6 people have added Melco Resorts & Entertainment to their MarketBeat watchlist in the last 30 days. This is an increase 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 39.70% of the stock of Melco Resorts & Entertainment is held by institutions.

0.6

Earnings and Valuation

Earnings Growth
Earnings for Melco Resorts & Entertainment are expected to grow in the coming year, from ($2.05) to ($0.43) per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Melco Resorts & Entertainment is -7.18, 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 -7.18, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Book Value per Share Ratio
Melco Resorts & Entertainment has a P/B Ratio of 7.47. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Melco Resorts & Entertainment (NASDAQ:MLCO) Stock

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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MLCO Stock News Headlines

January 4, 2023 | msn.com

Hot Stocks: Cruise stocks rise; LVS, MLCO reach 52-week highs; GERN surges; VERA drops 65%

January 2, 2023 | finanznachrichten.de

Melco Resorts & Entertainment Limited: Melco Announces Commencement of New Gaming Concession

February 7, 2023 | Investing Trends (Ad)

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January 1, 2023 | finance.yahoo.com

Melco Announces Commencement of New Gaming Concession

December 22, 2022 | finance.yahoo.com

Where Will Melco Resorts Stock Be In 5 Years?

December 20, 2022 | finance.yahoo.com

Up 3% During a Rough Year, Is Melco Resorts Stock a Buy?

December 18, 2022 | finance.yahoo.com

Melco Announces Further Details of Gaming Concession

December 16, 2022 | finance.yahoo.com

Melco Announces Final Award of Gaming Concession

February 7, 2023 | Investing Trends (Ad)

Move Over Lithium – 220 Pounds of Graphite In Every EV Battery

December 8, 2022 | msn.com

Why Melco Resorts & Entertainment Stock Is Shooting Higher Thursday

December 7, 2022 | benzinga.com

Thinking about buying stock in Carvana, BioVie, Airbnb, RLX Technology, or Melco Resorts & Entertainment?

December 7, 2022 | investing.com

Melco Resorts & Entertainment Limited PT Raised to $14 at Citi

December 5, 2022 | seekingalpha.com

Melco Resorts pushes higher as COVID-relief rally extends to 30% in a week

November 29, 2022 | marketwatch.com

Melco Resorts ADRs Rise 10%, Co. Gets Provisional License in Macau

November 26, 2022 | finance.yahoo.com

14 Best Casino Stocks to Buy for 2023

November 25, 2022 | finance.yahoo.com

Melco Announces Provisional Award of Gaming Concession

November 16, 2022 | finance.yahoo.com

Is There An Opportunity With Melco Resorts & Entertainment Limited's (NASDAQ:MLCO) 29% Undervaluation?

November 11, 2022 | benzinga.com

Thinking about buying stock in Toast, Doximity, Matterport, KE Holdings, or Melco Resorts & Entertainment?

November 2, 2022 | finanznachrichten.de

Melco Resorts & Entertainment Limited: Melco Announces Unaudited Third Quarter 2022 Earnings

November 2, 2022 | seekingalpha.com

Melco Resorts & Entertainment Limited (MLCO) Q3 2022 Earnings Call Transcript

November 2, 2022 | finance.yahoo.com

Melco Resorts Posts 46% Revenue Decline In Q3 Hit By Travel Restrictions; Says Cautiously Optimistic On Macau e-Visas

November 2, 2022 | investing.com

Melco Resorts & Entertainment Limited PT Lowered to $12.80 at Goldman Sachs

October 24, 2022 | msn.com

Why Travel Stocks Doing Business in China Plunged on Monday Morning

October 17, 2022 | seekingalpha.com

Melco Resorts downgraded at Credit Suisse on macro, pandemic restriction risks

October 10, 2022 | finance.yahoo.com

Casino stocks sink after Citigroup slashes Macau gaming revenue forecast

October 5, 2022 | finance.yahoo.com

Should You Think About Buying Melco Resorts & Entertainment Limited (NASDAQ:MLCO) Now?

September 30, 2022 | finance.yahoo.com

Why Melco Resorts Stock Surged 25% Higher This Week

See More Headlines

30 days | 90 days | 365 days | Advanced Chart

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MLCO Company Calendar

Last Earnings: 11/09/2021
Today: 2/07/2023
Next Earnings (Estimated): 3/07/2023
Fiscal Year End: 12/31/2023

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Industry, Sector and Symbol

Stock Exchange: NASDAQ
Industry: Hotels & motels
Sub-Industry: N/A
Sector: Consumer Discretionary
Current Symbol: NASDAQ:MLCO
CUSIP: N/A
CIK: 1381640
Web: www.melco-resorts.com
Phone: 852-2598-3600
Fax: 852-2537-3618
Employees: 17,878
Year Founded: N/A

Price Target and Rating

Average Stock Price Forecast: $10.75
High Stock Price Forecast: $11.50
Low Stock Price Forecast: $10.00
Forecasted Upside/Downside: -16.4%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.50
Research Coverage: 4 Analysts

Profitability

EPS (Most Recent Fiscal Year): ($1.79)
Trailing P/E Ratio: N/A
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: $-811,750,000.00
Net Margins: -56.15%
Pretax Margin: -66.00%
Return on Equity: -182.94%
Return on Assets: -9.02%

Debt

Debt-to-Equity Ratio: 21.09
Current Ratio: 2.34
Quick Ratio: 2.31

Sales & Book Value

Annual Sales: $2.01 billion
Price / Sales: 2.84
Cash Flow: N/A
Price / Cash Flow: N/A
Book Value: $1.72 per share
Price / Book: 7.48

Miscellaneous

Outstanding Shares: 445,090,000
Free Float: 190,988,000
Market Cap: $5.72 billion
Optionable: Optionable
Beta: 1.15

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

Insiders & Institutions

View All Institutional Transactions

MLCO Stock - Frequently Asked Questions

Should I buy or sell Melco Resorts & Entertainment stock right now?: 4 Wall Street equities 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 2 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" MLCO shares.
View MLCO analyst ratings or view top-rated stocks.
What is Melco Resorts & Entertainment's stock price forecast for 2023?: 4 Wall Street analysts have issued 1-year price targets for Melco Resorts & Entertainment's shares. Their MLCO share price forecasts range from $10.00 to $11.50. On average, they predict the company's stock price to reach $10.75 in the next twelve months. This suggests that the stock has a possible downside of 18.3%.
View analysts price targets for MLCO or view top-rated stocks among Wall Street analysts.
How have MLCO shares performed in 2023?: Melco Resorts & Entertainment's stock was trading at $11.50 on January 1st, 2023. Since then, MLCO shares have increased by 14.4% and is now trading at $13.16.
View the best growth stocks for 2023 here.
When is Melco Resorts & Entertainment's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Tuesday, March 7th 2023.
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 Tuesday, November, 9th. The company reported ($0.43) earnings per share for the quarter, missing analysts' consensus estimates of ($0.38) by $0.05. The business earned $446.40 million during the quarter, compared to analyst estimates of $508.65 million. Melco Resorts & Entertainment had a negative trailing twelve-month return on equity of 182.94% and a negative net margin of 56.15%. The business's revenue was up 109.7% on a year-over-year basis. During the same quarter last year, the firm earned ($0.66) earnings per share.
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).

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 many different institutional and retail investors. Top institutional shareholders include Hardman Johnston Global Advisors LLC (3.51%), New York State Common Retirement Fund (0.63%), TORQ CAPITAL MANAGEMENT HK Ltd (0.21%), Solstein Capital LLC (0.03%), Simplex Trading LLC (0.00%) and Dupont Capital Management Corp (0.02%).
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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.
What is Melco Resorts & Entertainment's stock price today?: One share of MLCO stock can currently be purchased for approximately $13.16.
How much money does Melco Resorts & Entertainment make?: Melco Resorts & Entertainment (NASDAQ:MLCO) has a market capitalization of $5.86 billion and generates $2.01 billion in revenue each year. The company earns $-811,750,000.00 in net income (profit) each year or ($1.79) on an earnings per share basis.
How many employees does Melco Resorts & Entertainment have?: The company employs 17,878 workers across the globe.
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 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.

This page (NASDAQ:MLCO) was last updated on 2/7/2023 by MarketBeat.com Staff

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Melco Resorts & Entertainment - MLCO Stock Forecast, Price & News

Melco Resorts & Entertainment MarketRank™ Forecast

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 (NASDAQ:MLCO) Stock

MLCO Stock News Headlines

MLCO Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

Insiders & Institutions

MLCO Stock - Frequently Asked Questions

Overall MarketRank^™