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NASDAQ:MLCO

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

$11.71
-0.29 (-2.42%)
(As of 03/22/2023 12:00 AM ET)
Add
Compare
Today's Range
$11.70
▼
$12.19
50-Day Range
$11.57
▼
$13.98
52-Week Range
$4.06
▼
$14.24
Volume
2.31 million shs
Average Volume
3.88 million shs
Market Capitalization
$5.21 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$10.75

Melco Resorts & Entertainment MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.50 Rating Score
Upside/​Downside
8.2% Downside
$10.75 Price Target
Short Interest
Healthy
1.89% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
N/A
Insider Trading
N/A
Proj. Earnings Growth
Growing
From ($0.10) 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.

1.07 out of 5 stars

Consumer Discretionary Sector

259th out of 260 stocks

Hotels & Motels Industry

25th out of 25 stocks

See Top Rated MarketRank™ Stocks Here

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

March 3, 2023 | finance.yahoo.com
Melco Resorts & Entertainment Limited (NASDAQ:MLCO) Q4 2022 Earnings Call Transcript
March 1, 2023 | msn.com
Melco on the rise even as Q4 revenues fall below estimates
March 22, 2023 | Stansberry Research (Ad)
The gold catalyst we’ve waited for
If you thought the SVB meltdown was bad… watch out. Because even bigger red flag just appeared. This signal proves that a recession is likely right around the corner. It will take most by surprise. Stocks will crash. Millions will go jobless, and lose their homes. But there is ONE important step you should take today to make sure you come out the other side OK.
March 1, 2023 | finance.yahoo.com
Melco Resorts (MLCO) Reports Q4 Loss, Misses Revenue Estimates
March 1, 2023 | msn.com
Melco Resorts & Entertainment GAAP EPADS of -$0.57 beats by $0.26, revenue of $337.1M misses by $69.71M
March 1, 2023 | finance.yahoo.com
Melco Announces Unaudited Fourth Quarter 2022 Earnings
February 18, 2023 | benzinga.com
Melco Resorts and Enter Option Alert: Apr 21 $15 Calls Sweep (20) near the Ask: 1200 @ $0.749 vs 1545 OI; Earnings 2/28 Before Open [est] Ref=$13.07
February 15, 2023 | benzinga.com
Melco garners 97 Stars in 2023 Forbes Travel Guide – maintaining lead among Macau and Asia's integrated resorts
March 22, 2023 | Stansberry Research (Ad)
The gold catalyst we’ve waited for
If you thought the SVB meltdown was bad… watch out. Because even bigger red flag just appeared. This signal proves that a recession is likely right around the corner. It will take most by surprise. Stocks will crash. Millions will go jobless, and lose their homes. But there is ONE important step you should take today to make sure you come out the other side OK.
February 15, 2023 | finance.yahoo.com
Melco garners 97 Stars in 2023 Forbes Travel Guide – maintaining lead among Macau and Asia’s integrated resorts
January 4, 2023 | msn.com
Hot Stocks: Cruise stocks rise; LVS, MLCO reach 52-week highs; GERN surges; VERA drops 65%
January 2, 2023 | finanznachrichten.de
Melco Resorts & Entertainment Limited: Melco Announces Commencement of New Gaming Concession
January 1, 2023 | finance.yahoo.com
Melco Announces Commencement of New Gaming Concession
December 22, 2022 | finance.yahoo.com
Where Will Melco Resorts Stock Be In 5 Years?
December 20, 2022 | finance.yahoo.com
Up 3% During a Rough Year, Is Melco Resorts Stock a Buy?
December 18, 2022 | finance.yahoo.com
Melco Announces Further Details of Gaming Concession
December 16, 2022 | finance.yahoo.com
Melco Announces Final Award of Gaming Concession
December 8, 2022 | msn.com
Why Melco Resorts & Entertainment Stock Is Shooting Higher Thursday
December 7, 2022 | benzinga.com
Thinking about buying stock in Carvana, BioVie, Airbnb, RLX Technology, or Melco Resorts & Entertainment?
December 7, 2022 | investing.com
Melco Resorts & Entertainment Limited PT Raised to $14 at Citi
December 5, 2022 | seekingalpha.com
Melco Resorts pushes higher as COVID-relief rally extends to 30% in a week
November 29, 2022 | marketwatch.com
Melco Resorts ADRs Rise 10%, Co. Gets Provisional License in Macau
November 26, 2022 | finance.yahoo.com
14 Best Casino Stocks to Buy for 2023
November 25, 2022 | finance.yahoo.com
Melco Announces Provisional Award of Gaming Concession
November 16, 2022 | finance.yahoo.com
Is There An Opportunity With Melco Resorts & Entertainment Limited's (NASDAQ:MLCO) 29% Undervaluation?
November 11, 2022 | benzinga.com
Thinking about buying stock in Toast, Doximity, Matterport, KE Holdings, or Melco Resorts & Entertainment?
November 2, 2022 | finanznachrichten.de
Melco Resorts & Entertainment Limited: Melco Announces Unaudited Third Quarter 2022 Earnings
See More Headlines
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MLCO Company Calendar

Last Earnings
3/01/2023
Today
3/22/2023
Next Earnings (Estimated)
5/04/2023
Fiscal Year End
12/31/2023
Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange
NASDAQ
Industry
Hotels & motels
Sub-Industry
N/A
Sector
Consumer Discretionary
Current Symbol
NASDAQ:MLCO
CUSIP
N/A
CIK
1381640
Web
www.melco-resorts.com
Phone
852-2598-3600
Fax
852-2537-3618
Employees
17,878
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$10.75
High Stock Price Forecast
$11.50
Low Stock Price Forecast
$10.00
Forecasted Upside/Downside
-10.4%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.50
Research Coverage
4 Analysts

Profitability

EPS (Most Recent Fiscal Year)
($2.02)
Trailing P/E Ratio
N/A
Forward P/E Ratio
N/A
P/E Growth
N/A
Net Income
$-930,530,000.00
Net Margins
-68.93%
Pretax Margin
-80.89%
Return on Equity
-559.31%
Return on Assets
-9.75%

Debt

Debt-to-Equity Ratio
21.09
Current Ratio
1.73
Quick Ratio
1.71

Sales & Book Value

Annual Sales
$1.35 billion
Price / Sales
3.96
Cash Flow
N/A
Price / Cash Flow
N/A
Book Value
($0.71) per share
Price / Book
-16.90

Miscellaneous

Outstanding Shares
445,090,000
Free Float
190,988,000
Market Cap
$5.34 billion
Optionable
Optionable
Beta
1.15

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

Key Competitors

View All Competitors

Institutional Ownership

View All Institutional Transactions













MLCO Stock - Frequently Asked Questions

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

4 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Melco Resorts & Entertainment in the last year. There are currently 2 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street research 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?

4 brokers have issued 12 month price objectives for Melco Resorts & Entertainment's stock. Their MLCO share price forecasts range from $10.00 to $11.50. On average, they anticipate the company's share price to reach $10.75 in the next twelve months. This suggests that the stock has a possible downside of 10.6%.
View analysts price targets for MLCO or view top-rated stocks among Wall Street analysts.

How have MLCO shares performed in 2023?

Melco Resorts & Entertainment's stock was trading at $11.50 on January 1st, 2023. Since then, MLCO stock has increased by 4.6% and is now trading at $12.03.
View the best growth stocks for 2023 here.

Are investors shorting Melco Resorts & Entertainment?

Melco Resorts & Entertainment saw a increase in short interest in the month of February. As of February 28th, there was short interest totaling 8,390,000 shares, an increase of 19.0% from the February 13th total of 7,050,000 shares. Based on an average daily trading volume, of 4,910,000 shares, the short-interest ratio is presently 1.7 days. Approximately 1.9% of the company's shares are short sold.
View Melco Resorts & Entertainment's Short Interest.

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

The company is scheduled to release its next quarterly earnings announcement on Thursday, May 4th 2023.
View our MLCO earnings forecast.

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

Melco Resorts & Entertainment Limited (NASDAQ:MLCO) posted its earnings results on Wednesday, March, 1st. The company reported ($0.51) EPS for the quarter, topping the consensus estimate of ($0.60) by $0.09. The company had revenue of $337.09 million for the quarter, compared to the consensus estimate of $406.81 million. Melco Resorts & Entertainment had a negative trailing twelve-month return on equity of 559.31% and a negative net margin of 68.93%. The business's quarterly revenue was down 29.9% compared to the same quarter last year. During the same period last year, the business earned ($0.32) earnings per share.

What ETFs hold Melco Resorts & Entertainment's stock?

ETFs with the largest weight of Melco Resorts & Entertainment (NASDAQ:MLCO) stock in their portfolio include iBET Sports Betting & Gaming ETF (IBET), B.A.D. Etf (BAD), VanEck Gaming ETF (BJK), Direxion Daily Travel & Vacation Bull 2X Shares (OOTO).Capital Group Global Growth Equity ETF (CGGO) and

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 variety of institutional and retail investors. Top institutional investors include ARGA Investment Management LP (6.46%), Hardman Johnston Global Advisors LLC (3.51%), Eminence Capital LP (1.50%), New York State Common Retirement Fund (0.63%), Citigroup Inc. (0.00%) and Antara Capital LP (0.00%).

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 $12.03.

How much money does Melco Resorts & Entertainment make?

Melco Resorts & Entertainment (NASDAQ:MLCO) has a market capitalization of $5.35 billion and generates $1.35 billion in revenue each year. The company earns $-930,530,000.00 in net income (profit) each year or ($2.02) 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 3/22/2023 by MarketBeat.com Staff