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DOW   34,395.01
QQQ   293.72
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This Skill Could Change The Way You Trade! (Ad)pixel
Biden administration presses senators to avert rail strike
Trump Org. defense lawyer scolded for using struck testimony
S&P 500   4,076.57
DOW   34,395.01
QQQ   293.72
Is Apple Going To Rally Into Year End?
Bear Market Expert Reveals His #1 Stock for November 2023  (Ad)pixel
25 Ways to Improve Your Financial Situation in 1 Hour
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Is The Recovery Rally Here For SoFi?
This Skill Could Change The Way You Trade! (Ad)pixel
Biden administration presses senators to avert rail strike
Trump Org. defense lawyer scolded for using struck testimony
S&P 500   4,076.57
DOW   34,395.01
QQQ   293.72
Is Apple Going To Rally Into Year End?
Bear Market Expert Reveals His #1 Stock for November 2023  (Ad)pixel
25 Ways to Improve Your Financial Situation in 1 Hour
Are the Short Sellers Still Right About Mullen Automotive stock? 
This Skill Could Change The Way You Trade! (Ad)pixel
La-Z-Boy Reclines To More Comfortable Levels 
Is The Recovery Rally Here For SoFi?
This Skill Could Change The Way You Trade! (Ad)pixel
Biden administration presses senators to avert rail strike
Trump Org. defense lawyer scolded for using struck testimony
NASDAQ:MLCO

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

$8.75
+0.22 (+2.58%)
(As of 12/1/2022 12:00 AM ET)
Add
Compare
Today's Range
$8.30
$8.79
50-Day Range
$4.87
$8.75
52-Week Range
$4.06
$11.81
Volume
4.70 million shs
Average Volume
4.71 million shs
Market Capitalization
$3.89 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$11.50

Melco Resorts & Entertainment MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.60 Rating Score
Upside/​Downside
31.4% Upside
$11.50 Price Target
Short Interest
Healthy
2.92% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
1.35mentions of Melco Resorts & Entertainment in the last 14 days
Based on 10 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
Growing
From ($2.07) to ($0.54) Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.96 out of 5 stars

Consumer Discretionary Sector

198th out of 274 stocks

Hotels & Motels Industry

19th out of 26 stocks

MLCO stock logo

About Melco Resorts & Entertainment (NASDAQ:MLCO) Stock

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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MLCO Stock News Headlines

Melco Resorts & Entertainment (NASDAQ:MLCO) Stock Price Up 7.3%
14 Best Casino Stocks to Buy for 2023
Melco Announces Provisional Award of Gaming Concession
Why Melco Resorts Stock Surged 25% Higher This Week
Why Melco Resorts Stock Tumbled 9% on Tuesday
Why Melco Resorts Stock Was a Big Winner on Thursday
See More Headlines
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MLCO Company Calendar

Last Earnings
11/02/2022
Today
12/02/2022
Fiscal Year End
12/31/2022
Next Earnings (Estimated)
3/07/2023

Industry, Sector and Symbol

Industry
Hotels & motels
Sub-Industry
N/A
Current Symbol
NASDAQ:MLCO
Employees
17,878
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$11.50
High Stock Price Forecast
$13.00
Low Stock Price Forecast
$10.00
Forecasted Upside/Downside
+31.4%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.60
Research Coverage
5 Analysts

Profitability

Net Income
$-811,750,000.00
Pretax Margin
-66.00%

Debt

Sales & Book Value

Annual Sales
$2.01 billion
Book Value
($0.23) per share

Miscellaneous

Free Float
N/A
Market Cap
$3.89 billion
Optionable
Optionable
Beta
1.14

Key Executives

  • Mr. Yau Lung Ho (Age 41)
    Chairman and Chief Exec. Officer
  • Mr. Geoffrey Stuart Davis CFA (Age 49)
    CFO, Exec. VP & Treasurer
  • Mr. Ross Dunwoody
    VP of Investor Relations
  • Ms. Stephanie Cheung (Age 56)
    Chief Legal Officer, Exec. VP and Company Sec.
  • Ms. Leanne Palmer
    VP of Financial Compliance













MLCO Stock - Frequently Asked Questions

Should I buy or sell Melco Resorts & Entertainment stock right now?

5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Melco Resorts & Entertainment in the last twelve months. There are currently 2 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" MLCO shares.
View MLCO analyst ratings
or view top-rated stocks.

What is Melco Resorts & Entertainment's stock price forecast for 2023?

5 Wall Street research analysts have issued twelve-month price objectives for Melco Resorts & Entertainment's shares. Their MLCO share price forecasts range from $10.00 to $13.00. On average, they predict the company's stock price to reach $11.50 in the next twelve months. This suggests a possible upside of 31.4% from the stock's current price.
View analysts price targets for MLCO
or view top-rated stocks among Wall Street analysts.

How have MLCO shares performed in 2022?

Melco Resorts & Entertainment's stock was trading at $10.18 at the beginning of the year. Since then, MLCO shares have decreased by 14.0% and is now trading at $8.75.
View the best growth stocks for 2022 here
.

When is Melco Resorts & Entertainment's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, March 7th 2023.
View our MLCO earnings forecast
.

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

Melco Resorts & Entertainment Limited (NASDAQ:MLCO) issued its quarterly earnings results on Wednesday, November, 2nd. The company reported ($0.52) EPS for the quarter, beating analysts' consensus estimates of ($0.56) by $0.04. The firm earned $241.84 million during the quarter, compared to analysts' expectations of $305.79 million. Melco Resorts & Entertainment had a negative net margin of 56.15% and a negative trailing twelve-month return on equity of 182.94%.

What other stocks do shareholders of Melco Resorts & Entertainment own?

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).

What is Melco Resorts & Entertainment's stock symbol?

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

Who are Melco Resorts & Entertainment's major shareholders?

Melco Resorts & Entertainment's stock is owned by a number of retail and institutional investors. Top institutional investors include ARGA Investment Management LP (6.48%), Hardman Johnston Global Advisors LLC (4.20%), Long Pond Capital LP (2.37%), Eminence Capital LP (2.16%), BlackRock Inc. (2.04%) and Nuveen Asset Management LLC (1.47%).

How do I buy shares of Melco Resorts & Entertainment?

Shares of MLCO stock 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.

What is Melco Resorts & Entertainment's stock price today?

One share of MLCO stock can currently be purchased for approximately $8.75.

How much money does Melco Resorts & Entertainment make?

Melco Resorts & Entertainment (NASDAQ:MLCO) has a market capitalization of $3.89 billion and generates $2.01 billion in revenue each year. The company earns $-811,750,000.00 in net income (profit) each year or ($1.79) on an earnings per share basis.

How many employees does Melco Resorts & Entertainment have?

The company employs 17,878 workers across the globe.

How can I contact Melco Resorts & Entertainment?

Melco Resorts & Entertainment's mailing address is 36TH FLOOR THE CENTRIUM. 60 WYNDHAM STREET CENTRAL, HONG KONG K3, . The official website for the company is www.melco-resorts.com. The company can be reached via phone at 852-2598-3600, via email at ir@melco-resorts.com, or via fax at 852-2537-3618.

This page (NASDAQ:MLCO) was last updated on 12/2/2022 by MarketBeat.com Staff