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

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

Melco Resorts & Entertainment declared a quarterly dividend on Wednesday, May 8th. Shareholders of record on Monday, May 20th will be given a dividend of $0.1551 per share on Thursday, May 30th. This represents a $0.62 dividend on an annualized basis and a yield of 3.02%. The ex-dividend date is Friday, May 17th. This is a positive change from Melco Resorts & Entertainment's previous quarterly dividend of $0.16. View Melco Resorts & Entertainment's Dividend History.

Melco Resorts & Entertainment Limited (NASDAQ:MLCO) released its quarterly earnings results on Tuesday, May, 7th. The company reported $0.28 earnings per share for the quarter, topping the consensus estimate of $0.25 by $0.03. The company had revenue of $1.36 billion for the quarter, compared to analysts' expectations of $1.34 billion. Melco Resorts & Entertainment had a return on equity of 13.47% and a net margin of 6.00%. Melco Resorts & Entertainment's quarterly revenue was up 3.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.32 earnings per share. View Melco Resorts & Entertainment's Earnings History.

Melco Resorts & Entertainment is scheduled to release their next quarterly earnings announcement on Tuesday, July 23rd 2019. View Earnings Estimates for Melco Resorts & Entertainment.

12 analysts have issued 1 year price objectives for Melco Resorts & Entertainment's shares. Their forecasts range from $24.00 to $35.10. On average, they anticipate Melco Resorts & Entertainment's stock price to reach $28.40 in the next twelve months. This suggests a possible upside of 38.3% 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.

Press coverage about MLCO stock has trended somewhat negative this week, according to InfoTrie Sentiment Analysis. The research group identifies negative and positive press coverage by reviewing more than six thousand blog and news sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores closest to five being the most favorable. Melco Resorts & Entertainment earned a daily sentiment score of -1.1 on InfoTrie's scale. They also gave media headlines about the company a news buzz of 5.0 out of 10, meaning that recent press coverage is somewhat likely to have an impact on the company's share price in the next few days.

Melco Resorts & Entertainment saw a increase in short interest in April. As of April 15th, there was short interest totalling 6,037,704 shares, an increase of 42.7% from the March 29th total of 4,230,321 shares. Based on an average daily trading volume, of 3,131,252 shares, the short-interest ratio is currently 1.9 days. View Melco Resorts & Entertainment's Current Options Chain.

Some companies that are related to Melco Resorts & Entertainment include Hilton Hotels (HLT), MGM Resorts International (MGM), Wynn Resorts (WYNN), InterContinental Hotels Group (IHG), Huazhu Group (HTHT), 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), Boyd Gaming (BYD) and Red Rock Resorts (RRR).

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), NVIDIA (NVDA), Netflix (NFLX), Gilead Sciences (gild), Wynn Resorts (WYNN) and JD.Com (JD).

Melco Resorts & Entertainment's stock is owned by many different of institutional and retail investors. Top institutional investors include BlackRock Inc. (3.72%), Hardman Johnston Global Advisors LLC (2.25%), Boston Partners (1.03%), Platinum Investment Management Ltd. (0.86%), Flowering Tree Investment Management Pte. Ltd. (0.75%) and Coronation Fund Managers Ltd. (0.70%).

MLCO stock was sold by a variety of institutional investors in the last quarter, including BlackRock Inc., Wellington Management Group LLP, Renaissance Technologies LLC, Perpetual Ltd, FIL Ltd, Morgan Stanley, Tremblant Capital Group and Ardevora Asset Management LLP.

MLCO stock was acquired by a variety of institutional investors in the last quarter, including Platinum Investment Management Ltd., Hexavest Inc., Hardman Johnston Global Advisors LLC, State of Wisconsin Investment Board, Flowering Tree Investment Management Pte. Ltd., SG Americas Securities LLC, Oxford Asset Management LLP and Andra AP fonden.

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 $20.53.

Melco Resorts & Entertainment has a market capitalization of $10.15 billion and generates $5.16 billion in revenue each year. The company earns $351.52 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]