Melco Resorts & Entertainment - MLCO Stock Forecast, Price & News

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Melco Resorts & Entertainment in the last year. There are currently 2 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" MLCO shares.
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4 brokers have issued 1-year price targets for Melco Resorts & Entertainment's shares. Their MLCO share price forecasts range from $10.00 to $11.50. On average, they predict the company's stock price to reach $10.75 in the next year. This suggests that the stock has a possible downside of 14.3%.
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Melco Resorts & Entertainment's stock was trading at $11.50 at the start of the year. Since then, MLCO stock has increased by 9.0% and is now trading at $12.54.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, March 7th 2023.
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Melco Resorts & Entertainment Limited (NASDAQ:MLCO) announced its earnings results on Tuesday, November, 9th. The company reported ($0.43) earnings per share for the quarter, missing the consensus estimate of ($0.38) by $0.05. The company had revenue of $446.40 million for the quarter, compared to the consensus estimate of $508.65 million. Melco Resorts & Entertainment had a negative net margin of 56.15% and a negative trailing twelve-month return on equity of 182.94%. The firm's quarterly revenue was up 109.7% on a year-over-year basis. During the same period in the previous year, the company posted ($0.66) earnings per share.

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 ARGA Investment Management LP (6.46%), Hardman Johnston Global Advisors LLC (3.51%), New York State Common Retirement Fund (0.63%), Commonwealth Equity Services LLC (0.22%), TORQ CAPITAL MANAGEMENT HK Ltd (0.21%) and Bleakley Financial Group LLC (0.11%).

Shares of MLCO stock 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 $12.54.

Melco Resorts & Entertainment (NASDAQ:MLCO) has a market capitalization of $5.58 billion and generates $2.01 billion in revenue each year. The company earns $-811,750,000.00 in net income (profit) each year or ($1.79) on an earnings per share basis.

The company employs 17,878 workers across the globe.

Melco Resorts & Entertainment's mailing address is 36TH FLOOR THE CENTRIUM. 60 WYNDHAM STREET CENTRAL, HONG KONG K3, . The official website for the company is www.melco-resorts.com. The company can be reached via phone at 852-2598-3600, via email at ir@melco-resorts.com, or via fax at 852-2537-3618.