NASDAQ:MLCO - Melco Resorts & Entertainment Stock Price, News, & Analysis Sign in or create an account to add this stock to your watchlist. Get Started $20.53 +0.39 (+1.94 %) (As of 05/21/2019 12:26 PM ET)Previous Close$20.14Today's Range$20.34 - $20.6652-Week Range$15.33 - $32.93Volume92,755 shsAverage Volume2.69 million shsMarket Capitalization$10.15 billionP/E Ratio23.09Dividend Yield2.98%Beta1.64 ProfileAnalyst RatingsChartDividendEarningsFinancialsInstitutional OwnershipHeadlinesOptions ChainSEC FilingsSocial Media Share on FacebookShare on TwitterShare on LinkedInShare on RedditShare on StocktwitsPrint this articleShare by Email 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. Receive MLCO News and Ratings via Email Sign-up to receive the latest news and ratings for MLCO and its competitors with MarketBeat's FREE daily newsletter. Industry, Sector and Symbol Stock Exchange NASDAQ Industry Hotels & motels Sub-IndustryN/A SectorConsumer Discretionary Current SymbolNASDAQ:MLCO Previous Symbol CUSIPN/A CIK1381640 Webwww.melco-resorts.com Phone852-2598-3600Debt Debt-to-Equity Ratio1.51 Current Ratio1.05 Quick Ratio1.03Price-To-Earnings Trailing P/E Ratio23.09 Forward P/E Ratio21.84 P/E Growth1.11 Sales & Book Value Annual Sales$5.16 billion Price / Sales1.97 Cash Flow$2.0696 per share Price / Cash Flow9.92 Book Value$5.64 per share Price / Book3.64Profitability EPS (Most Recent Fiscal Year)$0.89 Net Income$351.52 million Net Margins6.00% Return on Equity13.47% Return on Assets4.49%Miscellaneous Employees19,609 Outstanding Shares494,333,000Market Cap$10.15 billion Next Earnings Date7/23/2019 (Estimated) OptionableOptionable Melco Resorts & Entertainment (NASDAQ:MLCO) Frequently Asked Questions What is Melco Resorts & Entertainment's stock symbol? Melco Resorts & Entertainment trades on the NASDAQ under the ticker symbol "MLCO." How often does Melco Resorts & Entertainment pay dividends? What is the dividend yield for Melco Resorts & Entertainment? Melco Resorts & Entertainment declared a quarterly dividend on Wednesday, May 8th. Shareholders of record on Monday, May 20th will be given a dividend of $0.1551 per share on Thursday, May 30th. This represents a $0.62 dividend on an annualized basis and a yield of 3.02%. The ex-dividend date is Friday, May 17th. This is a positive change from Melco Resorts & Entertainment's previous quarterly dividend of $0.16. View Melco Resorts & Entertainment's Dividend History. How were Melco Resorts & Entertainment's earnings last quarter? Melco Resorts & Entertainment Limited (NASDAQ:MLCO) released its quarterly earnings results on Tuesday, May, 7th. The company reported $0.28 earnings per share for the quarter, topping the consensus estimate of $0.25 by $0.03. The company had revenue of $1.36 billion for the quarter, compared to analysts' expectations of $1.34 billion. Melco Resorts & Entertainment had a return on equity of 13.47% and a net margin of 6.00%. Melco Resorts & Entertainment's quarterly revenue was up 3.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.32 earnings per share. View Melco Resorts & Entertainment's Earnings History. When is Melco Resorts & Entertainment's next earnings date? Melco Resorts & Entertainment is scheduled to release their next quarterly earnings announcement on Tuesday, July 23rd 2019. View Earnings Estimates for Melco Resorts & Entertainment. What price target have analysts set for MLCO? 12 analysts have issued 1 year price objectives for Melco Resorts & Entertainment's shares. Their forecasts range from $24.00 to $35.10. On average, they anticipate Melco Resorts & Entertainment's stock price to reach $28.40 in the next twelve months. This suggests a possible upside of 38.3% from the stock's current price. View Analyst Price Targets for Melco Resorts & Entertainment. What is the consensus analysts' recommendation 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. Has Melco Resorts & Entertainment been receiving favorable news coverage? Press coverage about MLCO stock has trended somewhat negative this week, according to InfoTrie Sentiment Analysis. The research group identifies negative and positive press coverage by reviewing more than six thousand blog and news sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores closest to five being the most favorable. Melco Resorts & Entertainment earned a daily sentiment score of -1.1 on InfoTrie's scale. They also gave media headlines about the company a news buzz of 5.0 out of 10, meaning that recent press coverage is somewhat likely to have an impact on the company's share price in the next few days. Are investors shorting Melco Resorts & Entertainment? Melco Resorts & Entertainment saw a increase in short interest in April. As of April 15th, there was short interest totalling 6,037,704 shares, an increase of 42.7% from the March 29th total of 4,230,321 shares. Based on an average daily trading volume, of 3,131,252 shares, the short-interest ratio is currently 1.9 days. View Melco Resorts & Entertainment's Current Options Chain. Who are some of Melco Resorts & Entertainment's key competitors? Some companies that are related to Melco Resorts & Entertainment include Hilton Hotels (HLT), MGM Resorts International (MGM), Wynn Resorts (WYNN), InterContinental Hotels Group (IHG), Huazhu Group (HTHT), 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), Boyd Gaming (BYD) and Red Rock Resorts (RRR). 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), MGM Resorts International (MGM), Micron Technology (MU), Golar LNG (GLNG), NVIDIA (NVDA), Netflix (NFLX), Gilead Sciences (gild), Wynn Resorts (WYNN) and JD.Com (JD). Who are Melco Resorts & Entertainment's key executives? Melco Resorts & Entertainment's management team includes the folowing 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 RelationsMs. Stephanie Cheung, Chief Legal Officer, Exec. VP and Company Sec. (Age 56)Ms. Leanne Palmer, VP of Financial Compliance Who are Melco Resorts & Entertainment's major shareholders? Melco Resorts & Entertainment's stock is owned by many different of institutional and retail investors. Top institutional investors include BlackRock Inc. (3.72%), Hardman Johnston Global Advisors LLC (2.25%), Boston Partners (1.03%), Platinum Investment Management Ltd. (0.86%), Flowering Tree Investment Management Pte. Ltd. (0.75%) and Coronation Fund Managers Ltd. (0.70%). Which institutional investors are selling Melco Resorts & Entertainment stock? MLCO stock was sold by a variety of institutional investors in the last quarter, including BlackRock Inc., Wellington Management Group LLP, Renaissance Technologies LLC, Perpetual Ltd, FIL Ltd, Morgan Stanley, Tremblant Capital Group and Ardevora Asset Management LLP. Which institutional investors are buying Melco Resorts & Entertainment stock? MLCO stock was acquired by a variety of institutional investors in the last quarter, including Platinum Investment Management Ltd., Hexavest Inc., Hardman Johnston Global Advisors LLC, State of Wisconsin Investment Board, Flowering Tree Investment Management Pte. Ltd., SG Americas Securities LLC, Oxford Asset Management LLP and Andra AP fonden. 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, Scottrade, Fidelity and Charles Schwab. What is Melco Resorts & Entertainment's stock price today? One share of MLCO stock can currently be purchased for approximately $20.53. How big of a company is Melco Resorts & Entertainment? Melco Resorts & Entertainment has a market capitalization of $10.15 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. 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, HONG KONG K3, . The company can be reached via phone at 852-2598-3600 or via email at [email protected] MarketBeat Community Rating for Melco Resorts & Entertainment (NASDAQ MLCO)Community Ranking: 2.4 out of 5 ( )Outperform Votes: 488 (Vote Outperform)Underperform Votes: 515 (Vote Underperform)Total Votes: 1,003MarketBeat'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. This page was last updated on 5/21/2019 by MarketBeat.com StaffFeatured Article: What is a Futures Contract? Receive Analysts' Upgrades and Downgrades Daily Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.