Melco Resorts & Entertainment Stock Forecast, Price & News

9 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Melco Resorts & Entertainment in the last year. There are currently 1 sell rating, 3 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" Melco Resorts & Entertainment stock. A hold rating indicates that analysts believe investors should maintain any existing positions they have in MLCO, but not buy additional shares or sell existing shares.
View analyst ratings for Melco Resorts & Entertainment or view top-rated stocks.

Wall Street analysts have given Melco Resorts & Entertainment a "Hold" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but Melco Resorts & Entertainment wasn't one of them. MarketBeat thinks these five companies may be even better buys.
View MarketBeat's top stock picks here.

Melco Resorts & Entertainment saw a increase in short interest in the month of July. As of July 15th, there was short interest totaling 9,070,000 shares, an increase of 26.7% from the June 30th total of 7,160,000 shares. Based on an average daily trading volume, of 2,860,000 shares, the days-to-cover ratio is presently 3.2 days.
View Melco Resorts & Entertainment's Short Interest.

Melco Resorts & Entertainment is scheduled to release its next quarterly earnings announcement on Tuesday, July 27th 2021.
View our earnings forecast for Melco Resorts & Entertainment.

Melco Resorts & Entertainment Limited (NASDAQ:MLCO) announced its quarterly earnings results on Wednesday, April, 28th. The company reported ($0.49) earnings per share for the quarter, missing the Thomson Reuters' consensus estimate of ($0.36) by $0.13. The business earned $518.90 million during the quarter, compared to analyst estimates of $704.33 million. Melco Resorts & Entertainment had a negative trailing twelve-month return on equity of 54.96% and a negative net margin of 78.87%. Melco Resorts & Entertainment's revenue for the quarter was down 36.0% on a year-over-year basis. During the same quarter last year, the business posted ($0.76) EPS.
View Melco Resorts & Entertainment's earnings history.

Melco Resorts & Entertainment's stock was trading at $15.45 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, MLCO stock has decreased by 13.0% and is now trading at $13.44.
View which stocks have been most impacted by COVID-19.

9 equities research analysts have issued twelve-month target prices for Melco Resorts & Entertainment's stock. Their forecasts range from $14.00 to $30.00. On average, they anticipate Melco Resorts & Entertainment's share price to reach $20.41 in the next twelve months. This suggests a possible upside of 51.9% from the stock's current price.
View analysts' price targets for Melco Resorts & Entertainment or view top-rated stocks among Wall Street analysts.

Some companies that are related to Melco Resorts & Entertainment include Caesars Entertainment (CZR), MGM Resorts International (MGM), Huazhu Group (HTHT), InterContinental Hotels Group (IHG), Wynn Resorts (WYNN), Penn National Gaming (PENN), Hyatt Hotels (H), Choice Hotels International (CHH), Wyndham Hotels & Resorts (WH), Boyd Gaming (BYD), Travel + Leisure (TNL), Red Rock Resorts (RRR), Park Hotels & Resorts (PK), Sunstone Hotel Investors (SHO) and Great Eagle (GEAHF).
View all of MLCO's competitors.

Based on aggregate information from My MarketBeat watchlists, some companies that other Melco Resorts & Entertainment investors own include Las Vegas Sands (LVS), Alibaba Group (BABA), MGM Resorts International (MGM), Micron Technology (MU), Wynn Resorts (WYNN), NVIDIA (NVDA), JD.com (JD), Tesla (TSLA), Twitter (TWTR) and Intel (INTC).

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

Shares of MLCO can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

One share of MLCO stock can currently be purchased for approximately $13.44.

Melco Resorts & Entertainment has a market capitalization of $6.43 billion and generates $1.73 billion in revenue each year. The company earns $-1,263,490,000.00 in net income (profit) each year or ($2.49) on an earnings per share basis.

Melco Resorts & Entertainment employs 19,746 workers across the globe.

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

Melco Resorts & Entertainment is headquartered at 36TH FLOOR THE CENTRIUM. 60 WYNDHAM STREET CENTRAL, HONG KONG K3, .

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]