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 reached pandemic status according to the World Health Organization. Since then, MLCO shares have increased by 3.8% and is now trading at $16.03. 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) posted its earnings results on Thursday, May, 14th. The company reported ($0.72) EPS for the quarter, missing the Thomson Reuters' consensus estimate of ($0.59) by $0.13. The business earned $811.18 million during the quarter, compared to analysts' expectations of $631.64 million. Melco Resorts & Entertainment had a negative net margin of 2.19% and a negative return on equity of 1.04%. View Melco Resorts & Entertainment's earnings history.

Melco Resorts & Entertainment announced a quarterly dividend on Friday, February 21st. Shareholders 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 dividend on an annualized basis and a yield of 4.12%. The ex-dividend date of this dividend is Friday, February 28th. This is a positive change from Melco Resorts & Entertainment's previous quarterly dividend of $0.17. View Melco Resorts & Entertainment's dividend history.

5 equities research analysts have issued 12 month price objectives for Melco Resorts & Entertainment's stock. Their forecasts range from $20.00 to $27.00. On average, they expect Melco Resorts & Entertainment's share price to reach $24.96 in the next twelve months. This suggests a possible upside of 55.7% from the stock's current price. View analysts' price targets for Melco Resorts & Entertainment.

Press coverage about MLCO stock has trended somewhat negative recently, according to InfoTrie Sentiment Analysis. The research group identifies negative and positive news coverage by reviewing more than six thousand blog and news sources in real time. The firm ranks coverage of companies on a scale of negative five to five, with scores closest to five being the most favorable. Melco Resorts & Entertainment earned a news sentiment score of -1.4 on InfoTrie's scale. They also gave headlines about the company a news buzz of 3.0 out of 10, indicating that recent news coverage is unlikely to have an impact on the stock's share price in the next several days. View the latest news aboutMelco Resorts & Entertainment.

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

Melco Resorts & Entertainment's stock is owned by many different institutional and retail investors. Top institutional shareholders include Capital Research Global Investors (7.50%), Capital World Investors (4.30%), BlackRock Inc. (2.27%), Hardman Johnston Global Advisors LLC (2.08%), Coronation Fund Managers Ltd. (1.14%) and State Street Corp (1.05%).

MLCO stock was sold by a variety of institutional investors in the last quarter, including Capital Research Global Investors, Flowering Tree Investment Management Pte. Ltd., NWI Management LP, Two Sigma Investments LP, Hexavest Inc., Deutsche Bank AG, Nomura Asset Management Co. Ltd., and US Bancorp DE.

MLCO stock was acquired by a variety of institutional investors in the last quarter, including Capital World Investors, Coronation Fund Managers Ltd., Morgan Stanley, Morgan Stanley, BlackRock Inc., Clearbridge Investments LLC, Balyasny Asset Management LLC, and Federated Hermes Inc..

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 $16.03.

Melco Resorts & Entertainment has a market capitalization of $7.37 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]