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

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$18.25 +0.20 (+1.11 %)
(As of 10/19/2018 09:55 AM ET)
Previous Close$18.05
Today's Range$18.07 - $18.28
52-Week Range$17.89 - $32.95
Volume2,661 shs
Average Volume4.42 million shs
Market Capitalization$9.13 billion
P/E Ratio19.68
Dividend Yield3.10%
Beta1.48
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.

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Industry, Sector and Symbol

Stock Exchange NASDAQ
Industry Hotels & motels
Sub-IndustryN/A
SectorConsumer Discretionary
SymbolNASDAQ:MLCO
CUSIPN/A
Phone852-2598-3600

Debt

Debt-to-Equity Ratio1.05
Current Ratio1.04
Quick Ratio1.02

Price-To-Earnings

Trailing P/E Ratio19.68
Forward P/E Ratio19.84
P/E Growth1.56

Sales & Book Value

Annual Sales$5.28 billion
Price / Sales1.71
Cash Flow$2.0506 per share
Price / Cash8.90
Book Value$6.78 per share
Price / Book2.69

Profitability

EPS (Most Recent Fiscal Year)$0.92
Net Income$347 million
Net Margins7.83%
Return on Equity15.47%
Return on Assets5.86%

Miscellaneous

Employees19,609
Outstanding Shares494,330,000
Market Cap$9.13 billion

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 announced a quarterly dividend on Tuesday, July 24th. Shareholders of record on Monday, August 6th will be given a dividend of $0.145 per share on Wednesday, August 15th. This represents a $0.58 dividend on an annualized basis and a dividend yield of 3.18%. The ex-dividend date of this dividend is Friday, August 3rd. This is a positive change from Melco Resorts & Entertainment's previous quarterly dividend of $0.14. View Melco Resorts & Entertainment's Dividend History.

How were Melco Resorts & Entertainment's earnings last quarter?

Melco Resorts & Entertainment Limited (NASDAQ:MLCO) issued its earnings results on Tuesday, July, 24th. The company reported $0.20 EPS for the quarter, missing the Thomson Reuters' consensus estimate of $0.25 by $0.05. The company had revenue of $1.23 billion for the quarter, compared to analyst estimates of $1.31 billion. Melco Resorts & Entertainment had a net margin of 7.83% and a return on equity of 15.47%. Melco Resorts & Entertainment's revenue for the quarter was down 5.3% on a year-over-year basis. During the same period in the prior year, the business posted $0.07 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 Thursday, November 1st 2018. View Earnings Estimates for Melco Resorts & Entertainment.

What price target have analysts set for MLCO?

11 brokerages have issued 1 year price objectives for Melco Resorts & Entertainment's stock. Their forecasts range from $27.00 to $35.10. On average, they anticipate Melco Resorts & Entertainment's stock price to reach $32.1571 in the next twelve months. This suggests a possible upside of 76.2% from the stock's current price. View Analyst Price Targets for Melco Resorts & Entertainment.

What is the consensus analysts' recommendation 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 hold rating and 10 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Melco Resorts & Entertainment.

Are investors shorting Melco Resorts & Entertainment?

Melco Resorts & Entertainment saw a increase in short interest during the month of September. As of September 28th, there was short interest totalling 4,859,097 shares, an increase of 52.8% from the September 14th total of 3,179,812 shares. Based on an average daily trading volume, of 4,104,905 shares, the short-interest ratio is presently 1.2 days. View Melco Resorts & Entertainment's Current Options Chain.

Who are some of Melco Resorts & Entertainment's key competitors?

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 Relations
  • Ms. 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 a variety of of institutional and retail investors. Top institutional shareholders include Hardman Johnston Global Advisors LLC (2.00%), Bank of Montreal Can (0.09%), Selz Capital LLC (0.07%), Aperio Group LLC (0.03%), Andra AP fonden (0.02%) and Seven Eight Capital LP (0.02%).

Which major investors are selling Melco Resorts & Entertainment stock?

MLCO stock was sold by a variety of institutional investors in the last quarter, including Aperio Group LLC, Bank of Montreal Can and Sumitomo Mitsui Asset Management Company LTD.

Which major investors are buying Melco Resorts & Entertainment stock?

MLCO stock was purchased by a variety of institutional investors in the last quarter, including Hardman Johnston Global Advisors LLC, Selz Capital LLC, Andra AP fonden, Seven Eight Capital LP, Sumitomo Life Insurance Co., First Hawaiian Bank and Rothschild Investment Corp IL.

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 $18.25.

How big of a company is Melco Resorts & Entertainment?

Melco Resorts & Entertainment has a market capitalization of $9.13 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.

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:  2.5 out of 5 (star star half star)
Outperform Votes:  458 (Vote Outperform)
Underperform Votes:  476 (Vote Underperform)
Total Votes:  934
MarketBeat'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 10/19/2018 by MarketBeat.com Staff

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