Melco Resorts & Entertainment Stock Forecast, Price & News

9 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Melco Resorts & Entertainment in the last twelve months. There are currently 1 sell rating, 1 hold rating and 7 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" Melco Resorts & Entertainment stock.
View analyst ratings for Melco Resorts & Entertainment or view top-rated stocks.

Wall Street analysts have given Melco Resorts & Entertainment a "Buy" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but Melco Resorts & Entertainment wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
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Melco Resorts & Entertainment is scheduled to release its next quarterly earnings announcement on Wednesday, April 28th 2021.
View our earnings forecast for Melco Resorts & Entertainment.

Melco Resorts & Entertainment will be holding an earnings conference call on Wednesday, April 28th at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

Melco Resorts & Entertainment Limited (NASDAQ:MLCO) released its quarterly earnings results on Thursday, February, 25th. The company reported ($0.40) earnings per share (EPS) for the quarter, topping the Thomson Reuters' consensus estimate of ($0.60) by $0.20. The business earned $528 million during the quarter, compared to analyst estimates of $526.82 million. Melco Resorts & Entertainment had a negative trailing twelve-month return on equity of 45.84% and a negative net margin of 37.56%.
View Melco Resorts & Entertainment's earnings history.

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 23.0% and is now trading at $19.00.
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9 Wall Street analysts have issued 12 month target prices for Melco Resorts & Entertainment's stock. Their forecasts range from $14.00 to $30.00. On average, they expect Melco Resorts & Entertainment's stock price to reach $21.54 in the next twelve months. This suggests a possible upside of 13.4% from the stock's current price.
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Some companies that are related to Melco Resorts & Entertainment include Hilton Worldwide (HLT), MGM Resorts International (MGM), Caesars Entertainment (CZR), Huazhu Group (HTHT), Wynn Resorts (WYNN), Penn National Gaming (PENN), InterContinental Hotels Group (IHG), Hyatt Hotels (H), Boyd Gaming (BYD), Wyndham Hotels & Resorts (WH), Choice Hotels International (CHH), Park Hotels & Resorts (PK), Red Rock Resorts (RRR), Extended Stay America (STAY) and Extended Stay America (STAY).
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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), MGM Resorts International (MGM), Micron Technology (MU), Wynn Resorts (WYNN), NVIDIA (NVDA), JD.com (JD), Tesla (TSLA), Twitter (TWTR) and Intel (INTC).

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

Melco Resorts & Entertainment's stock is owned by a number of institutional and retail investors. Top institutional investors include Private Advisor Group LLC (0.03%), Gateway Investment Advisers LLC (0.01%), Integrated Investment Consultants LLC (0.01%), Confluence Investment Management LLC (0.01%), DnB Asset Management AS (0.00%) and MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH (0.00%).

MLCO stock was sold by a variety of institutional investors in the last quarter, including Gateway Investment Advisers LLC, and DnB Asset Management AS.

MLCO stock was acquired by a variety of institutional investors in the last quarter, including Mcdonald Partners LLC, Integrated Investment Consultants LLC, MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH, Confluence Investment Management LLC, Private Trust Co. NA, and Private Advisor Group LLC.

Shares of MLCO can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of MLCO stock can currently be purchased for approximately $19.00.

Melco Resorts & Entertainment has a market capitalization of $9.22 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 is headquartered at 36TH FLOOR THE CENTRIUM. 60 WYNDHAM STREET CENTRAL, HONG KONG K3, .

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]