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

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

Melco Resorts & Entertainment declared a quarterly dividend on Wednesday, July 24th. Stockholders of record on Monday, August 5th will be paid a dividend of $0.1651 per share on Thursday, August 15th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 3.25%. The ex-dividend date of this dividend is Friday, August 2nd. This is a boost from Melco Resorts & Entertainment's previous quarterly dividend of $0.02. View Melco Resorts & Entertainment's Dividend History.

Melco Resorts & Entertainment Limited (NASDAQ:MLCO) announced its quarterly earnings results on Wednesday, July, 24th. The company reported $0.24 earnings per share for the quarter, topping the Thomson Reuters' consensus estimate of $0.20 by $0.04. The company had revenue of $1.44 billion for the quarter, compared to analysts' expectations of $1.32 billion. Melco Resorts & Entertainment had a return on equity of 14.53% and a net margin of 6.55%. The firm's revenue was up 17.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.12 EPS. View Melco Resorts & Entertainment's Earnings History.

Melco Resorts & Entertainment is scheduled to release their next quarterly earnings announcement on Thursday, November 14th 2019. View Earnings Estimates for Melco Resorts & Entertainment.

12 equities research analysts have issued 12-month target prices for Melco Resorts & Entertainment's shares. Their predictions range from $15.00 to $33.00. On average, they expect Melco Resorts & Entertainment's stock price to reach $25.66 in the next year. This suggests a possible upside of 26.4% from the stock's current price. View Analyst Price Targets 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 12 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Melco Resorts & Entertainment.

Media headlines about MLCO stock have been trending negative this week, InfoTrie Sentiment reports. InfoTrie identifies negative and positive press coverage by monitoring more than six thousand news and blog sources. The firm ranks coverage of publicly-traded 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 -2.6 on InfoTrie's scale. They also gave news coverage about the company a news buzz of 0.0 out of 10, indicating that recent press coverage is extremely unlikely to have an effect on the stock's share price in the near future. View News Stories for Melco Resorts & Entertainment.

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), Caesars Entertainment (CZR), Hyatt Hotels (H), Choice Hotels International (CHH), Park Hotels & Resorts (PK), Wyndham Hotels & Resorts (WH), Wyndham Destinations (WYND), Eldorado Resorts (ERI), Sunstone Hotel Investors (SHO), Boyd Gaming (BYD) and Extended Stay America (STAY).

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), Golar LNG (GLNG), Micron Technology (MU), NVIDIA (NVDA), JD.Com (JD), Netflix (NFLX), Wynn Resorts (WYNN) and Twitter (TWTR).

Melco Resorts & Entertainment's stock is owned by many different of retail and institutional investors. Top institutional investors include Perpetual Ltd (0.22%), Hexavest Inc. (0.11%), Manning & Napier Group LLC (0.02%), Clarus Wealth Advisors (0.00%), Private Trust Co. NA (0.00%) and Gulf International Bank UK Ltd (0.00%).

MLCO stock was sold by a variety of institutional investors in the last quarter, including Perpetual Ltd, Manning & Napier Group LLC, Hexavest Inc. and Gulf International Bank UK Ltd.

MLCO stock was acquired by a variety of institutional investors in the last quarter, including Clarus Wealth Advisors and Private Trust Co. NA.

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.

One share of MLCO stock can currently be purchased for approximately $20.30.

Melco Resorts & Entertainment has a market capitalization of $10.03 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 21,413 workers across the globe.View Additional Information About Melco Resorts & Entertainment.

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]