NASDAQ:MLCOMelco Resorts & Entertainment Stock Price, Forecast & News

Melco Resorts & Entertainment's stock was trading at $15.45 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, MLCO stock has increased by 21.9% and is now trading at $18.83.
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6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Melco Resorts & Entertainment in the last year. There are currently 6 buy ratings for the stock, resulting in a consensus recommendation of "Buy."
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Melco Resorts & Entertainment is scheduled to release its next quarterly earnings announcement on Wednesday, August 12th 2020.
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Melco Resorts & Entertainment Limited (NASDAQ:MLCO) posted its quarterly earnings results on Thursday, May, 14th. The company reported ($0.72) earnings per share (EPS) for the quarter, missing the Thomson Reuters' consensus estimate of ($0.59) by $0.13. The firm had revenue of $811.18 million for the quarter, compared to analyst estimates of $631.64 million. Melco Resorts & Entertainment had a negative return on equity of 1.04% and a negative net margin of 2.19%.
View Melco Resorts & Entertainment's earnings history.

Melco Resorts & Entertainment declared 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 dividend yield of 3.51%. The ex-dividend date is Friday, February 28th. This is an increase from Melco Resorts & Entertainment's previous quarterly dividend of $0.17.
View Melco Resorts & Entertainment's dividend history.

6 equities research analysts have issued 12 month target prices for Melco Resorts & Entertainment's shares. Their forecasts range from $20.00 to $27.00. On average, they anticipate Melco Resorts & Entertainment's stock price to reach $23.30 in the next year. This suggests a possible upside of 23.7% from the stock's current price.
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News coverage about MLCO stock has been trending very positive on Monday, according to InfoTrie Sentiment. The research firm identifies negative and positive media coverage by analyzing more than six thousand blog and news sources in real time. The firm ranks coverage of public companies on a scale of negative five to five, with scores closest to five being the most favorable. Melco Resorts & Entertainment earned a news impact score of 3.2 on InfoTrie's scale. They also gave media headlines about the company a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an impact on the company's share price in the near term.
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Some companies that are related to Melco Resorts & Entertainment include Marriott International (MAR), Hilton Hotels (HLT), Huazhu Group (HTHT), MGM Resorts International (MGM), InterContinental Hotels Group (IHG), Wynn Resorts (WYNN), Penn National Gaming (PENN), Hyatt Hotels (H), Choice Hotels International (CHH), Wyndham Hotels & Resorts (WH), Caesars Entertainment (CZR), Eldorado Resorts (ERI), Boyd Gaming (BYD), Wyndham Destinations (WYND) 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 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 a number of retail and institutional investors. Top institutional shareholders include Hardman Johnston Global Advisors LLC (3.06%), Coronation Fund Managers Ltd. (1.24%), Broad Peak Investment Holdings Ltd. (1.11%), Platinum Investment Management Ltd. (0.95%), Swiss National Bank (0.19%) and Todd Asset Management LLC (0.19%).

MLCO stock was sold by a variety of institutional investors in the last quarter, including Platinum Investment Management Ltd., UBS Group AG, SG Americas Securities LLC, US Bancorp DE, Mckinley Capital Management LLC Delaware, Seven Eight Capital LP, Zurcher Kantonalbank Zurich Cantonalbank, and Todd Asset Management LLC.

MLCO stock was purchased by a variety of institutional investors in the last quarter, including Hardman Johnston Global Advisors LLC, Broad Peak Investment Holdings Ltd., Coronation Fund Managers Ltd., Aperture Investors LLC, PNC Financial Services Group Inc., PM CAPITAL Ltd, Swiss National Bank, and Virtu Financial LLC.

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 $18.83.

Melco Resorts & Entertainment has a market capitalization of $8.66 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]