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 Tuesday, February 19th. Shareholders 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 yield of 2.88%. The ex-dividend date is Friday, March 1st. This is an increase from Melco Resorts & Entertainment's previous quarterly dividend of $0.15. View Melco Resorts & Entertainment's Dividend History.

Melco Resorts & Entertainment Limited (NASDAQ:MLCO) posted its quarterly earnings results on Tuesday, February, 19th. The company reported $0.27 EPS for the quarter, beating the Zacks' consensus estimate of $0.23 by $0.04. The business earned $1.40 billion during the quarter, compared to analysts' expectations of $1.37 billion. Melco Resorts & Entertainment had a return on equity of 13.92% and a net margin of 6.81%. The firm's revenue for the quarter was up 4.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.17 earnings per share. 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 brokers have issued 12 month price targets for Melco Resorts & Entertainment's shares. Their predictions 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 32.0% 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.

Media stories about MLCO stock have been trending somewhat negative this week, InfoTrie reports. InfoTrie identifies negative and positive news coverage by monitoring more than six thousand blog and news sources. The firm ranks coverage of public companies on a scale of -5 to 5, with scores closest to five being the most favorable. Melco Resorts & Entertainment earned a news sentiment score of -1.1 on InfoTrie's scale. They also gave news articles about the company a news buzz of 10.0 out of 10, meaning that recent news coverage is extremely likely to have an effect on the stock's share price in the immediate future.

Melco Resorts & Entertainment saw a drop in short interest in February. As of February 28th, there was short interest totalling 3,931,617 shares, a drop of 22.6% from the February 15th total of 5,078,841 shares. Based on an average daily volume of 3,681,844 shares, the days-to-cover 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 Boyd Gaming (BYD).

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 institutional and retail 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 acquired 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 $21.55.

Melco Resorts & Entertainment has a market capitalization of $10.65 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]