Melco Resorts & Entertainment Stock Forecast, Price & News

Melco Resorts & Entertainment's stock was trading at $15.45 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, MLCO stock has increased by 7.2% and is now trading at $16.57.
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8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Melco Resorts & Entertainment in the last year. There are currently 1 sell rating, 1 hold rating and 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, November 4th 2020.
View our earnings forecast for Melco Resorts & Entertainment.

Melco Resorts & Entertainment Limited (NASDAQ:MLCO) issued its quarterly earnings results on Thursday, August, 20th. The company reported ($0.77) earnings per share for the quarter, beating the Zacks' consensus estimate of ($1.15) by $0.38. The business earned $175.80 million during the quarter, compared to analysts' expectations of $187.31 million. Melco Resorts & Entertainment had a negative return on equity of 21.63% and a negative net margin of 14.98%. Melco Resorts & Entertainment's revenue for the quarter was down 88.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.22 EPS.
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 annualized dividend and a yield of 3.99%. 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.

8 brokers have issued twelve-month price targets for Melco Resorts & Entertainment's shares. Their forecasts range from $18.70 to $35.00. On average, they anticipate Melco Resorts & Entertainment's share price to reach $23.75 in the next year. This suggests a possible upside of 43.3% from the stock's current price.
View analysts' price targets for Melco Resorts & Entertainment.

Melco Resorts & Entertainment saw a decline in short interest during the month of August. As of August 31st, there was short interest totaling 3,810,000 shares, a decline of 21.0% from the August 15th total of 4,820,000 shares. Based on an average trading volume of 3,060,000 shares, the days-to-cover ratio is presently 1.2 days.
View Melco Resorts & Entertainment's Short Interest.

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), Penn National Gaming (PENN), Wynn Resorts (WYNN), Hyatt Hotels (H), Caesars Entertainment (CZR), Eldorado Resorts (ERI), Choice Hotels International (CHH), Wyndham Hotels & Resorts (WH), Boyd Gaming (BYD), Wyndham Destinations (WYND) and Park Hotels & Resorts (PK).
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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), Intel (INTC) and Twitter (TWTR).

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

Melco Resorts & Entertainment's stock is owned by many different retail and institutional investors. Top institutional shareholders include Hardman Johnston Global Advisors LLC (3.06%), River & Mercantile Asset Management LLP (1.85%), Coronation Fund Managers Ltd. (1.24%), Broad Peak Investment Holdings Ltd. (1.11%), Platinum Investment Management Ltd. (0.95%) and Nuveen Asset Management LLC (0.74%).

MLCO stock was sold by a variety of institutional investors in the last quarter, including Balyasny Asset Management LLC, Two Sigma Advisers LP, Hillhouse Capital Advisors LTD., Marshall Wace LLP, Platinum Investment Management Ltd., UBS Group AG, Canada Pension Plan Investment Board, and SG Americas Securities LLC.

MLCO stock was bought by a variety of institutional investors in the last quarter, including River & Mercantile Asset Management LLP, Hardman Johnston Global Advisors LLC, Nuveen Asset Management LLC, King Street Capital Management L.P., FMR LLC, Broad Peak Investment Holdings Ltd., Coronation Fund Managers Ltd., and Rovida Advisors 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 $16.57.

Melco Resorts & Entertainment has a market capitalization of $7.62 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]