NASDAQ:MLCO - Melco Resorts & Entertainment Stock Price, News, & Analysis

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

Melco Resorts & Entertainment announced a quarterly dividend on Tuesday, February 19th. Stockholders of record on Monday, March 4th will be given a dividend of $0.155 per share on Thursday, March 14th. This represents a $0.62 dividend on an annualized basis and a dividend yield of 2.87%. The ex-dividend date of this dividend is Friday, March 1st. This is a boost from Melco Resorts & Entertainment's previous quarterly dividend of $0.15. View Melco Resorts & Entertainment's Dividend History.

Melco Resorts & Entertainment Limited (NASDAQ:MLCO) released its quarterly earnings results on Tuesday, February, 19th. The company reported $0.27 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.23 by $0.04. The business had revenue of $1.40 billion for the quarter, compared to the consensus estimate of $1.37 billion. Melco Resorts & Entertainment had a net margin of 6.81% and a return on equity of 13.92%. The business's quarterly revenue was up 4.8% on a year-over-year basis. During the same period in the prior year, the firm earned $0.17 EPS. View Melco Resorts & Entertainment's Earnings History.

Melco Resorts & Entertainment is scheduled to release their next quarterly earnings announcement on Thursday, May 2nd 2019. View Earnings Estimates for Melco Resorts & Entertainment.

12 equities research analysts have issued 1-year price objectives for Melco Resorts & Entertainment's stock. Their forecasts range from $24.00 to $35.10. On average, they expect Melco Resorts & Entertainment's share price to reach $28.4429 in the next year. This suggests a possible upside of 31.6% from the stock's current price. View Analyst Price Targets for Melco Resorts & Entertainment.

12 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Melco Resorts & Entertainment in the last year. There are currently 1 hold rating and 11 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Melco Resorts & Entertainment.

News articles about MLCO stock have trended somewhat positive on Saturday, according to InfoTrie Sentiment. The research group ranks the sentiment of news coverage by monitoring more than six thousand news and blog sources. The firm ranks coverage of companies on a scale of negative five to five, with scores nearest to five being the most favorable. Melco Resorts & Entertainment earned a news impact score of 0.6 on InfoTrie's scale. They also gave press coverage about the company a news buzz of 0.0 out of 10, indicating that recent news coverage is extremely unlikely to have an impact on the stock's share price in the immediate future.

Melco Resorts & Entertainment saw a decline in short interest during the month of February. As of February 28th, there was short interest totalling 3,931,617 shares, a decline of 22.6% from the February 15th total of 5,078,841 shares. Based on an average daily trading volume, of 3,681,844 shares, the short-interest ratio is currently 1.1 days. View Melco Resorts & Entertainment's Current Options Chain.

Some companies that are related to Melco Resorts & Entertainment include Marriott International (MAR), Hilton Hotels (HLT), MGM Resorts International (MGM), Wynn Resorts (WYNN), Huazhu Group (HTHT), InterContinental Hotels Group (IHG), Hyatt Hotels (H), Park Hotels & Resorts (PK), Caesars Entertainment (CZR), Wyndham Hotels & Resorts (WH), Choice Hotels International (CHH), Eldorado Resorts (ERI), Extended Stay America (STAY), Sunstone Hotel Investors (SHO) and Red Rock Resorts (RRR).

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), Micron Technology (MU), MGM Resorts International (MGM), NVIDIA (NVDA), Wynn Resorts (WYNN), Tesla (TSLA), Twitter (TWTR), Netflix (NFLX) and Intel (INTC).

Melco Resorts & Entertainment's stock is owned by many different of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (4.24%), Hardman Johnston Global Advisors LLC (2.18%), Boston Partners (1.01%), Coronation Fund Managers Ltd. (0.77%), Flowering Tree Investment Management Pte. Ltd. (0.70%) and Broad Peak Investment Management LTD. (0.54%).

MLCO stock was sold by a variety of institutional investors in the last quarter, including FMR LLC, Bank of America Corp DE, Two Sigma Investments LP, BlackRock Inc., Bank of Montreal Can, American Century Companies Inc., USA Mutuals Advisors Inc. and Eagle Global Advisors LLC.

MLCO stock was purchased by a variety of institutional investors in the last quarter, including Boston Partners, Coronation Fund Managers Ltd., Perpetual Ltd, Hardman Johnston Global Advisors LLC, Ardevora Asset Management LLP, Legal & General Group Plc, Two Sigma Advisers LP and Westpac Banking Corp.

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, Scottrade, Fidelity and Charles Schwab.

One share of MLCO stock can currently be purchased for approximately $21.62.

Melco Resorts & Entertainment has a market capitalization of $10.69 billion and generates $5.16 billion in revenue each year. The company earns $351.51 million in net income (profit) each year or $0.89 on an earnings per share basis. Melco Resorts & Entertainment employs 19,609 workers across the globe.

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

Melco Resorts & Entertainment's mailing address is 36TH FLOOR THE CENTRIUM. 60 WYNDHAM STREET, HONG KONG K3, . The company can be reached via phone at 852-2598-3600 or via email at [email protected]