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. Shareholders of record on Monday, August 5th will be given a dividend of $0.1651 per share on Thursday, August 15th. This represents a $0.66 dividend on an annualized basis and a yield of 3.26%. The ex-dividend date is Friday, August 2nd. This is a positive change from Melco Resorts & Entertainment's previous quarterly dividend of $0.02. View Melco Resorts & Entertainment's Dividend History.

Melco Resorts & Entertainment Limited (NASDAQ:MLCO) released 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 business had revenue of $1.44 billion for the quarter, compared to analyst estimates of $1.32 billion. Melco Resorts & Entertainment had a net margin of 6.55% and a return on equity of 14.53%. The business's revenue for the quarter was up 17.4% compared to the same quarter last year. During the same quarter last year, the firm posted $0.12 earnings per share. 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.

11 brokerages have issued 12-month target prices for Melco Resorts & Entertainment's stock. Their forecasts range from $15.00 to $29.00. On average, they expect Melco Resorts & Entertainment's stock price to reach $24.74 in the next twelve months. This suggests a possible upside of 21.9% 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 11 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 somewhat positive recently, according to InfoTrie Sentiment Analysis. InfoTrie rates the sentiment of media coverage by reviewing more than six thousand news and blog sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores closest to five being the most favorable. Melco Resorts & Entertainment earned a news sentiment score of 0.8 on InfoTrie's scale. They also assigned media headlines about the company a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely to have an effect on the stock's share price in the next few days. View News Stories for Melco Resorts & Entertainment.

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

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), Wynn Resorts (WYNN), JD.Com (JD), Netflix (NFLX) and Gilead Sciences (GILD).

Melco Resorts & Entertainment's stock is owned by a number of of institutional and retail investors. Top institutional investors include Perpetual Ltd (0.22%), Hexavest Inc. (0.11%), Zurcher Kantonalbank Zurich Cantonalbank (0.04%), Envestnet Asset Management Inc. (0.02%), Manning & Napier Group LLC (0.02%) and Commerzbank Aktiengesellschaft FI (0.01%).

MLCO stock was sold by a variety of institutional investors in the last quarter, including Perpetual Ltd, Manning & Napier Group LLC, Hexavest Inc., Hanson & Doremus Investment Management, Sumitomo Mitsui DS Asset Management Company Ltd, Gulf International Bank UK Ltd and Confluence Investment Management LLC.

MLCO stock was bought by a variety of institutional investors in the last quarter, including Zurcher Kantonalbank Zurich Cantonalbank , Envestnet Asset Management Inc., Clarus Wealth Advisors, Commerzbank Aktiengesellschaft FI 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 $20.29.

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]