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 2.40%. The ex-dividend date of this dividend 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) announced its quarterly earnings results on Tuesday, February, 19th. The company reported $0.27 earnings per share (EPS) for the quarter, beating the Zacks' consensus estimate of $0.23 by $0.04. The company earned $1.40 billion during the quarter, compared to the consensus estimate of $1.37 billion. Melco Resorts & Entertainment had a net margin of 6.81% and a return on equity of 13.92%. The business's revenue was up 4.8% on a year-over-year basis. During the same period in the previous year, the company posted $0.17 EPS. 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.

13 brokers have issued 1-year price objectives for Melco Resorts & Entertainment's stock. Their predictions range from $24.00 to $35.10. On average, they anticipate Melco Resorts & Entertainment's share price to reach $28.0250 in the next twelve months. This suggests a possible upside of 8.4% from the stock's current price. View Analyst Price Targets for Melco Resorts & Entertainment.

13 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 12 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Melco Resorts & Entertainment.

Media stories about MLCO stock have trended somewhat positive on Wednesday, InfoTrie reports. The research firm scores the sentiment of news coverage by reviewing more than six thousand blog and news sources in real time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Melco Resorts & Entertainment earned a news impact score of 1.7 on InfoTrie's scale. They also gave news headlines about the company a news buzz of 5.0 out of 10, indicating that recent news coverage is somewhat likely to have an impact on the company's share price in the near future.

Some companies that are related to Melco Resorts & Entertainment include Marriott International (MAR), Hilton Hotels (HLT), Wynn Resorts (WYNN), MGM Resorts International (MGM), Huazhu Group (HTHT), InterContinental Hotels Group (IHG), Hyatt Hotels (H), Caesars Entertainment (CZR), Park Hotels & Resorts (PK), 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 Alibaba Group (BABA), Las Vegas Sands (LVS), Micron Technology (MU), MGM Resorts International (MGM), Golar LNG (GLNG), NVIDIA (NVDA), Netflix (NFLX), Wynn Resorts (WYNN), Gilead Sciences (gild) and JD.Com (JD).

Melco Resorts & Entertainment's stock is owned by a number of of retail and institutional investors. Top institutional investors include Coronation Fund Managers Ltd. (0.70%), Ardevora Asset Management LLP (0.34%), Hexavest Inc. (0.12%), Eagle Global Advisors LLC (0.04%), USA Mutuals Advisors Inc. (0.02%) and Gateway Investment Advisers LLC (0.02%).

MLCO stock was sold by a variety of institutional investors in the last quarter, including Ardevora Asset Management LLP, Coronation Fund Managers Ltd., Eagle Global Advisors LLC, USA Mutuals Advisors Inc., DNB Asset Management AS, Sumitomo Life Insurance Co. and Huntington National Bank.

MLCO stock was bought by a variety of institutional investors in the last quarter, including Hexavest Inc., Confluence Investment Management LLC, Ridgewood Investments LLC, Creative Planning, Leavell Investment Management Inc., First Quadrant L P CA, Gateway Investment Advisers LLC and Gulf International Bank UK Ltd.

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 $25.85.

Melco Resorts & Entertainment has a market capitalization of $12.78 billion and generates $5.16 billion in revenue each year. The company earns $351.52 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]