NASDAQ:MLCOMelco Resorts & Entertainment Stock Price, Forecast & News

$16.01

-0.09 (-0.56 %)

(As of 05/29/2020 04:00 PM ET)

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Today's Range

$15.51

Now: $16.01▼

$16.17

50-Day Range

$12.32

MA: $14.92▼

$16.74

52-Week Range

$10.81

Now: $16.01▼

$25.49

Volume2.44 million shs

Average Volume3.61 million shs

Market Capitalization$7.36 billion

P/E RatioN/A

Dividend Yield4.06%

Beta2

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.

Beat the Market (BTM) Rank^™

3.5 Analyst's Opinion

Consensus Rating
Melco Resorts & Entertainment has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 5 buy ratings, no hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $24.96, Melco Resorts & Entertainment has a potential upside of 55.9% from its current price of $16.01.
Amount of Analyst Coverage
Melco Resorts & Entertainment has only been the subject of 1 research reports in the past 90 days.

2.4 Community Rank

Outperform Votes
Melco Resorts & Entertainment has received 544 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
Melco Resorts & Entertainment has received 591 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
Melco Resorts & Entertainment has received 52.07% “underperform” votes from our community.

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.

2.5 Dividend Strength

Dividend Leadership
Melco Resorts & Entertainment is a leading dividend payer. It pays a dividend yield of 4.06%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
Melco Resorts & Entertainment has only been increasing its dividend for 3 years.
Dividend Coverage
The dividend payout ratio of Melco Resorts & Entertainment is 69.15 %. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on EPS estimates, Melco Resorts & Entertainment will have a dividend payout ratio of 114.04 % in the coming year. This indicates that Melco Resorts & Entertainment may not be able to sustain their current dividend.

1.0 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Melco Resorts & Entertainment insiders have not sold or bought any company stock.
Percentage Held by Institutions
37.32% of the stock of Melco Resorts & Entertainment is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

0.6 Earnings and Valuation

Earnings Growth
Earnings for Melco Resorts & Entertainment are expected to grow in the coming year, from ($1.31) to $0.57 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Melco Resorts & Entertainment is -69.61, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Ratio vs. Sector
The P/E ratio of Melco Resorts & Entertainment is -69.61, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Book Value per Share Ratio
Melco Resorts & Entertainment has a P/B Ratio of 2.85. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Overall Beat the Market Rank^™

2.01 out of 5 stars

Industry, Sector and Symbol

Stock Exchange NASDAQ

Industry Hotels & motels

Sub-IndustryN/A

SectorConsumer Discretionary

Current SymbolNASDAQ:MLCO

Previous Symbol

CUSIPN/A

CIK1381640

Webwww.melco-resorts.com

Phone852-2598-3600

Debt

Debt-to-Equity Ratio1.93

Current Ratio1.53

Quick Ratio1.50

Price-To-Earnings

Trailing P/E RatioN/A

Forward P/E RatioN/A

P/E GrowthN/A

Sales & Book Value

Annual Sales$5.74 billion

Price / Sales1.28

Cash Flow$2.26 per share

Price / Cash Flow7.09

Book Value$5.62 per share

Price / Book2.85

Profitability

EPS (Most Recent Fiscal Year)$0.94

Net Income$373.17 million

Net Margins-2.19%

Return on Equity-1.04%

Return on Assets-0.32%

Miscellaneous

Employees23,078

Outstanding Shares459,920,000

Market Cap$7.36 billion

Next Earnings Date7/22/2020 (Estimated)

OptionableOptionable

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Melco Resorts & Entertainment (NASDAQ:MLCO) Frequently Asked Questions

How has Melco Resorts & Entertainment's stock been impacted by COVID-19 (Coronavirus)?

Melco Resorts & Entertainment's stock was trading at $15.45 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, MLCO shares have increased by 3.6% and is now trading at $16.01. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Melco Resorts & Entertainment?

5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Melco Resorts & Entertainment in the last year. There are currently 5 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for Melco Resorts & Entertainment.

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

Melco Resorts & Entertainment is scheduled to release its next quarterly earnings announcement on Wednesday, July 22nd 2020. View our earnings forecast for Melco Resorts & Entertainment.

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

Melco Resorts & Entertainment Limited (NASDAQ:MLCO) issued its earnings results on Thursday, May, 14th. The company reported ($0.72) earnings per share for the quarter, missing analysts' consensus estimates of ($0.59) by $0.13. The firm earned $811.18 million during the quarter, compared to the consensus estimate of $631.64 million. Melco Resorts & Entertainment had a negative net margin of 2.19% and a negative return on equity of 1.04%. View Melco Resorts & Entertainment's earnings history.

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 Friday, February 21st. Stockholders of record on Monday, March 2nd will be given a dividend of $0.1651 per share on Thursday, March 12th. This represents a $0.66 dividend on an annualized basis and a yield of 4.13%. The ex-dividend date of this dividend is Friday, February 28th. This is a positive change from Melco Resorts & Entertainment's previous quarterly dividend of $0.17. View Melco Resorts & Entertainment's dividend history.

What price target have analysts set for MLCO?

5 analysts have issued 12 month price targets for Melco Resorts & Entertainment's shares. Their forecasts range from $20.00 to $27.00. On average, they expect Melco Resorts & Entertainment's stock price to reach $24.96 in the next twelve months. This suggests a possible upside of 55.9% from the stock's current price. View analysts' price targets for Melco Resorts & Entertainment.

Has Melco Resorts & Entertainment been receiving favorable news coverage?

Media headlines about MLCO stock have trended very negative recently, InfoTrie Sentiment Analysis reports. InfoTrie ranks the sentiment of news coverage by analyzing more than six thousand news and blog sources. 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 media sentiment score of -3.0 on InfoTrie's scale. They also assigned news stories about the company a news buzz of 10.0 out of 10, meaning that recent news coverage is extremely likely to have an impact on the company's share price in the near future. View the latest news aboutMelco Resorts & Entertainment.

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

Some companies that are related to Melco Resorts & Entertainment include Marriott International (MAR), Hilton Hotels (HLT), Huazhu Group (HTHT), InterContinental Hotels Group (IHG), MGM Resorts International (MGM), Wynn Resorts (WYNN), Caesars Entertainment (CZR), Hyatt Hotels (H), Choice Hotels International (CHH), Wyndham Hotels & Resorts (WH), Penn National Gaming (PENN), Wyndham Destinations (WYND), Eldorado Resorts (ERI), Boyd Gaming (BYD) and Park Hotels & Resorts (PK). View all competitors.

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 Alibaba Group (BABA), Las Vegas Sands (LVS), MGM Resorts International (MGM), Micron Technology (MU), Golar LNG (GLNG), JD.Com (JD), Wynn Resorts (WYNN), NVIDIA (NVDA), Twitter (TWTR) and Tesla (TSLA).

Who are Melco Resorts & Entertainment's key executives?

Melco Resorts & Entertainment's management team includes the following 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

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 variety of institutional and retail investors. Top institutional investors include Capital Research Global Investors (7.50%), Capital World Investors (4.30%), BlackRock Inc. (2.27%), Hardman Johnston Global Advisors LLC (2.08%), Coronation Fund Managers Ltd. (1.14%) and State Street Corp (1.05%).

Which institutional investors are selling Melco Resorts & Entertainment stock?

MLCO stock was sold by a variety of institutional investors in the last quarter, including Capital Research Global Investors, Flowering Tree Investment Management Pte. Ltd., NWI Management LP, Two Sigma Investments LP, Hexavest Inc., Deutsche Bank AG, Nomura Asset Management Co. Ltd., and US Bancorp DE.

Which institutional investors are buying Melco Resorts & Entertainment stock?

MLCO stock was purchased by a variety of institutional investors in the last quarter, including Capital World Investors, Coronation Fund Managers Ltd., Morgan Stanley, Morgan Stanley, BlackRock Inc., Clearbridge Investments LLC, Balyasny Asset Management LLC, and Federated Hermes Inc..

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, Robinhood, Fidelity, and Charles Schwab.

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

One share of MLCO stock can currently be purchased for approximately $16.01.

How big of a company is Melco Resorts & Entertainment?

Melco Resorts & Entertainment has a market capitalization of $7.36 billion and generates $5.74 billion in revenue each year. The company earns $373.17 million in net income (profit) each year or $0.94 on an earnings per share basis. Melco Resorts & Entertainment employs 23,078 workers across the globe.

What is Melco Resorts & Entertainment's official website?

The official website for Melco Resorts & Entertainment is 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 CENTRAL, HONG KONG K3, . The company can be reached via phone at 852-2598-3600 or via email at [email protected]

This page was last updated on 5/29/2020 by MarketBeat.com Staff