NASDAQ:MLCO - Melco Resorts & Entertainment Stock Price, News, & Analysis

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

Melco Resorts & Entertainment announced a quarterly dividend on Friday, November 9th. Stockholders of record on Monday, November 19th will be given a dividend of $0.1451 per share on Thursday, November 29th. This represents a $0.58 annualized dividend and a dividend yield of 2.51%. The ex-dividend date of this dividend is Friday, November 16th. This is a positive change from Melco Resorts & Entertainment's previous quarterly dividend of $0.15. View Melco Resorts & Entertainment's Dividend History.

Melco Resorts & Entertainment Limited (NASDAQ:MLCO) released its quarterly earnings data on Thursday, August, 4th. The company reported $0.06 EPS for the quarter, hitting the Zacks' consensus estimate of $0.06. The business had revenue of $1.07 billion for the quarter, compared to analysts' expectations of $1.09 billion. Melco Resorts & Entertainment had a net margin of 5.98% and a return on equity of 11.89%. The business's quarterly revenue was up 16.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.05 earnings per share. View Melco Resorts & Entertainment's Earnings History.

Melco Resorts & Entertainment is scheduled to release their next quarterly earnings announcement on Thursday, February 21st 2019. View Earnings Estimates for Melco Resorts & Entertainment.

11 brokerages have issued 1 year target prices for Melco Resorts & Entertainment's shares. Their predictions range from $19.00 to $35.10. On average, they expect Melco Resorts & Entertainment's stock price to reach $28.4429 in the next year. This suggests a possible upside of 23.1% from the stock's current price. View Analyst Price Targets for Melco Resorts & Entertainment.

11 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Melco Resorts & Entertainment in the last year. There are currently 1 sell rating, 1 hold rating and 9 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Melco Resorts & Entertainment.

Headlines about MLCO stock have trended positive on Tuesday, according to InfoTrie Sentiment Analysis. The research group rates the sentiment of media coverage by analyzing more than six thousand blog and news sources in real-time. The firm ranks coverage of companies on a scale of negative five to five, with scores closest to five being the most favorable. Melco Resorts & Entertainment earned a media sentiment score of 2.3 on InfoTrie's scale. They also assigned media headlines about the company a news buzz of 10.0 out of 10, meaning that recent media coverage is extremely likely to have an effect on the stock's share price in the next few days.

Some companies that are related to Melco Resorts & Entertainment include Marriott International (MAR), Hilton Hotels (HLT), MGM Resorts International (MGM), Wynn Resorts (WYNN), InterContinental Hotels Group (IHG), Huazhu Group (HTHT), Hyatt Hotels (H), Caesars Entertainment (CZR), Park Hotels & Resorts (PK), Wyndham Hotels & Resorts (WH), Choice Hotels International (CHH), Eldorado Resorts (ERI), Sunstone Hotel Investors (SHO), Extended Stay America (STAY) and Red Rock Resorts (RRR).

Melco Resorts & Entertainment's stock is owned by many different of retail and institutional investors. Top institutional investors include BlackRock Inc. (4.24%), Hardman Johnston Global Advisors LLC (2.18%), Boston Partners (1.01%), Coronation Fund Managers Ltd. (0.77%), Flowering Tree Investment Management Pte. Ltd. (0.70%) and Broad Peak Investment Management LTD. (0.54%).

MLCO stock was sold by a variety of institutional investors in the last quarter, including Bank of America Corp DE, Two Sigma Investments LP, BlackRock Inc., Bank of Montreal Can, USA Mutuals Advisors Inc., Eagle Global Advisors LLC, Zurcher Kantonalbank Zurich Cantonalbank and California Public Employees Retirement System.

MLCO stock was bought by a variety of institutional investors in the last quarter, including Boston Partners, Coronation Fund Managers Ltd., Perpetual Ltd, Hardman Johnston Global Advisors LLC, Ardevora Asset Management LLP, Legal & General Group Plc, Two Sigma Advisers LP and Westpac Banking Corp.

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 $23.10.

Melco Resorts & Entertainment has a market capitalization of $11.42 billion and generates $5.28 billion in revenue each year. The company earns $347 million in net income (profit) each year or $0.92 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]