NASDAQ:MLCOMelco Resorts & Entertainment Stock Price, Forecast & News

Melco Resorts & Entertainment's stock was trading at $15.45 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, MLCO shares have increased by 2.4% and is now trading at $15.82. View which stocks have been most impacted by Coronavirus.

5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Melco Resorts & Entertainment in the last year. There are currently 5 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for Melco Resorts & Entertainment.

Melco Resorts & Entertainment is scheduled to release its next quarterly earnings announcement on Wednesday, July 22nd 2020. View our earnings forecast for Melco Resorts & Entertainment.

Melco Resorts & Entertainment Limited (NASDAQ:MLCO) announced its quarterly earnings results on Thursday, May, 14th. The company reported ($0.72) earnings per share for the quarter, missing the consensus estimate of ($0.59) by $0.13. The firm had revenue of $811.18 million for the quarter, compared to the consensus estimate of $631.64 million. Melco Resorts & Entertainment had a negative return on equity of 1.04% and a negative net margin of 2.19%. View Melco Resorts & Entertainment's earnings history.

Melco Resorts & Entertainment announced a quarterly dividend on Friday, February 21st. Stockholders of record on Monday, March 2nd will be paid a dividend of $0.1651 per share on Thursday, March 12th. This represents a $0.66 dividend on an annualized basis and a yield of 4.17%. The ex-dividend date of this dividend is Friday, February 28th. This is an increase from Melco Resorts & Entertainment's previous quarterly dividend of $0.17. View Melco Resorts & Entertainment's dividend history.

5 brokerages have issued 12-month price objectives for Melco Resorts & Entertainment's shares. Their forecasts range from $20.00 to $27.00. On average, they anticipate Melco Resorts & Entertainment's stock price to reach $23.96 in the next twelve months. This suggests a possible upside of 51.5% from the stock's current price. View analysts' price targets for Melco Resorts & Entertainment.

Media headlines about MLCO stock have been trending negative this week, according to InfoTrie Sentiment Analysis. The research firm identifies positive and negative news coverage by reviewing more than six thousand news and blog sources. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores nearest to five being the most favorable. Melco Resorts & Entertainment earned a news sentiment score of -2.1 on InfoTrie's scale. They also assigned media stories about the company a news buzz of 0.0 out of 10, meaning that recent news coverage is extremely unlikely to have an impact on the company's share price in the near term. View the latest news about Melco Resorts & Entertainment.

Some companies that are related to Melco Resorts & Entertainment include Marriott International (MAR), Hilton Hotels (HLT), Huazhu Group (HTHT), InterContinental Hotels Group (IHG), Caesars Entertainment (CZR), MGM Resorts International (MGM), Wynn Resorts (WYNN), Hyatt Hotels (H), Choice Hotels International (CHH), Wyndham Hotels & Resorts (WH), Eldorado Resorts (ERI), Penn National Gaming (PENN), Wyndham Destinations (WYND), Boyd Gaming (BYD) and Park Hotels & Resorts (PK). View all competitors.

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), JD.Com (JD), Wynn Resorts (WYNN), NVIDIA (NVDA), Twitter (TWTR) and Tesla (TSLA).

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

Melco Resorts & Entertainment's stock is owned by a variety of institutional and retail investors. Top institutional investors include PM CAPITAL Ltd (0.03%), Envestnet Asset Management Inc. (0.01%) and Private Trust Co. NA (0.00%).

MLCO stock was sold by a variety of institutional investors in the last quarter, including Envestnet Asset Management Inc..

MLCO stock was bought by a variety of institutional investors in the last quarter, including PM CAPITAL Ltd, 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 $15.82.

Melco Resorts & Entertainment has a market capitalization of $7.28 billion and generates $5.74 billion in revenue each year. The company earns $373.17 million in net income (profit) each year or $0.94 on an earnings per share basis. Melco Resorts & Entertainment employs 23,078 workers across the globe.

The official website for Melco Resorts & Entertainment is www.melco-resorts.com.

Melco Resorts & Entertainment's mailing address is 36TH FLOOR THE CENTRIUM. 60 WYNDHAM STREET CENTRAL, HONG KONG K3, . The company can be reached via phone at 852-2598-3600 or via email at [email protected]