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

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

Melco Resorts & Entertainment declared a quarterly dividend on Wednesday, October 30th. Shareholders of record on Tuesday, November 12th will be given a dividend of $0.165 per share on Friday, November 22nd. This represents a $0.66 dividend on an annualized basis and a yield of 3.08%. The ex-dividend date is Thursday, November 7th. View Melco Resorts & Entertainment's Dividend History.

Melco Resorts & Entertainment Limited (NASDAQ:MLCO) released its quarterly earnings results on Wednesday, October, 30th. The company reported $0.24 earnings per share for the quarter, missing the Thomson Reuters' consensus estimate of $0.27 by $0.03. The firm earned $1.44 billion during the quarter, compared to analysts' expectations of $1.41 billion. Melco Resorts & Entertainment had a net margin of 7.60% and a return on equity of 17.61%. Melco Resorts & Entertainment's revenue for the quarter was up 16.4% compared to the same quarter last year. During the same quarter last year, the business posted $0.05 EPS. View Melco Resorts & Entertainment's Earnings History.

Melco Resorts & Entertainment is scheduled to release their next quarterly earnings announcement on Tuesday, February 18th 2020. View Earnings Estimates for Melco Resorts & Entertainment.

8 analysts have issued 12 month target prices for Melco Resorts & Entertainment's stock. Their forecasts range from $15.00 to $27.00. On average, they expect Melco Resorts & Entertainment's share price to reach $24.13 in the next twelve months. This suggests a possible upside of 12.8% from the stock's current price. View Analyst Price Targets for Melco Resorts & Entertainment.

8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Melco Resorts & Entertainment in the last year. There are currently 8 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Melco Resorts & Entertainment.

Press coverage about MLCO stock has been trending somewhat positive recently, InfoTrie Sentiment Analysis reports. The research group identifies positive and negative press coverage by monitoring more than six thousand news and blog sources in real time. The firm ranks coverage of public companies on a scale of negative five to five, with scores nearest to five being the most favorable. Melco Resorts & Entertainment earned a daily sentiment score of 1.8 on InfoTrie's scale. They also gave press coverage about the company a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an effect on the stock's share price in the next several days. 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), Eldorado Resorts (ERI), Wyndham Destinations (WYND), Penn National Gaming (PENN), Boyd Gaming (BYD) and Red Rock Resorts (RRR).

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), JD.Com (JD), NVIDIA (NVDA), Wynn Resorts (WYNN), AT&T (T) and Gilead Sciences (GILD).

Melco Resorts & Entertainment's stock is owned by many different of institutional and retail investors. Top institutional shareholders include Hardman Johnston Global Advisors LLC (2.10%), Boston Partners (1.32%), State Street Corp (0.96%), FMR LLC (0.91%), Renaissance Technologies LLC (0.87%) and Flowering Tree Investment Management Pte. Ltd. (0.68%).

MLCO stock was sold by a variety of institutional investors in the last quarter, including Coronation Fund Managers Ltd., Perpetual Ltd, Nomura Asset Management Co. Ltd., SG Americas Securities LLC, Caisse DE Depot ET Placement DU Quebec, Matthews International Capital Management LLC, Hardman Johnston Global Advisors LLC and Andra AP fonden.

MLCO stock was purchased by a variety of institutional investors in the last quarter, including Renaissance Technologies LLC, Boston Partners, Hexavest Inc., J. Goldman & Co LP, State of Tennessee Treasury Department, Platinum Investment Management Ltd., Nicholas Investment Partners LP and Korea Investment CORP.

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 $21.40.

Melco Resorts & Entertainment has a market capitalization of $10.58 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]