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

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 stock has increased by 7.3% and is now trading at $16.58. View which stocks have been most impacted by Coronavirus.

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.

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.

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

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 annualized dividend and a dividend yield of 3.98%. The ex-dividend date of this dividend is Friday, February 28th. This is an increase from Melco Resorts & Entertainment's previous quarterly dividend of $0.17. View Melco Resorts & Entertainment's dividend history.

5 analysts have issued 1-year price targets for Melco Resorts & Entertainment's shares. Their forecasts range from $20.00 to $27.00. On average, they anticipate Melco Resorts & Entertainment's stock price to reach $23.96 in the next twelve months. This suggests a possible upside of 44.5% from the stock's current price. View analysts' price targets for Melco Resorts & Entertainment.

News articles about MLCO stock have been trending negative this week, InfoTrie Sentiment Analysis reports. The research group identifies positive and negative news coverage by reviewing more than six thousand news and blog sources in real time. The firm ranks coverage of companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Melco Resorts & Entertainment earned a coverage optimism score of -2.1 on InfoTrie's scale. They also gave news stories about the company a news buzz of 0.0 out of 10, indicating that recent news coverage is extremely unlikely to have an effect on the company's share price in the near term. View the latest news about Melco Resorts & Entertainment.

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

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).

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

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 $16.58.

Melco Resorts & Entertainment has a market capitalization of $7.63 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.

The official website for Melco Resorts & Entertainment is www.melco-resorts.com.

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]