Melco Resorts & Entertainment Stock Forecast, Price & News

9 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Melco Resorts & Entertainment in the last twelve months. There are currently 1 sell rating, 2 hold ratings and 6 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" Melco Resorts & Entertainment stock.
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Wall Street analysts have given Melco Resorts & Entertainment a "Buy" 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.
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Melco Resorts & Entertainment saw a increase in short interest during 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 volume of 2,860,000 shares, the days-to-cover ratio is currently 3.2 days.
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Melco Resorts & Entertainment is scheduled to release its next quarterly earnings announcement on Thursday, November 4th 2021.
View our earnings forecast for Melco Resorts & Entertainment.

Melco Resorts & Entertainment Limited (NASDAQ:MLCO) released its quarterly earnings data on Tuesday, July, 27th. The company reported ($0.35) EPS for the quarter, missing the Zacks' consensus estimate of ($0.31) by $0.04. The company earned $566.44 million during the quarter, compared to analysts' expectations of $594.49 million. Melco Resorts & Entertainment had a negative trailing twelve-month return on equity of 51.60% and a negative net margin of 52.01%. The company's quarterly revenue was up 222.1% compared to the same quarter last year. During the same period in the previous year, the company earned ($0.77) earnings per share.
View Melco Resorts & Entertainment's earnings history.

Melco Resorts & Entertainment's stock was trading at $15.45 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, MLCO stock has decreased by 15.3% and is now trading at $13.09.
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9 Wall Street analysts have issued 1 year 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 stock price to reach $20.41 in the next year. This suggests a possible upside of 56.0% from the stock's current price.
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Some companies that are related to Melco Resorts & Entertainment include MGM Resorts International (MGM), Caesars Entertainment (CZR), Huazhu Group (HTHT), InterContinental Hotels Group (IHG), Wynn Resorts (WYNN), Penn National Gaming (PENN), Hyatt Hotels (H), Wyndham Hotels & Resorts (WH), Choice Hotels International (CHH), Boyd Gaming (BYD), Red Rock Resorts (RRR), Travel + Leisure (TNL), 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."

Melco Resorts & Entertainment's stock is owned by many different retail and institutional investors. Top institutional investors include Coronation Fund Managers Ltd. (1.73%), ARGA Investment Management LP (1.55%), Alliancebernstein L.P. (0.48%), Sumitomo Mitsui Trust Holdings Inc. (0.25%), New York State Common Retirement Fund (0.06%) and Zurcher Kantonalbank Zurich Cantonalbank (0.03%).

MLCO stock was sold by a variety of institutional investors in the last quarter, including Alliancebernstein L.P., Asset Management One Co. Ltd., Sumitomo Mitsui DS Asset Management Company Ltd, Advisors Asset Management Inc., and Zurcher Kantonalbank Zurich Cantonalbank .

MLCO stock was bought by a variety of institutional investors in the last quarter, including Coronation Fund Managers Ltd., ARGA Investment Management LP, New York State Common Retirement Fund, Sumitomo Mitsui Trust Holdings Inc., Tuttle Tactical Management, Livforsakringsbolaget Skandia Omsesidigt, Cutler Group LP, and DAVENPORT & Co LLC.

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.
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One share of MLCO stock can currently be purchased for approximately $13.09.

Melco Resorts & Entertainment has a market capitalization of $6.27 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]