NASDAQ:MLCO - Melco Resorts & Entertainment Stock Price, News, & Analysis

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

Melco Resorts & Entertainment declared a quarterly dividend on Tuesday, February 19th. Investors of record on Monday, March 4th will be paid a dividend of $0.155 per share on Thursday, March 14th. This represents a $0.62 annualized dividend and a yield of 2.65%. The ex-dividend date is Friday, March 1st. This is a positive change from Melco Resorts & Entertainment's previous quarterly dividend of $0.15. View Melco Resorts & Entertainment's Dividend History.

Melco Resorts & Entertainment Limited (NASDAQ:MLCO) issued its quarterly earnings data on Tuesday, February, 19th. The company reported $0.27 EPS for the quarter, topping the Zacks' consensus estimate of $0.23 by $0.04. The business earned $1.40 billion during the quarter, compared to analysts' expectations of $1.37 billion. Melco Resorts & Entertainment had a return on equity of 11.89% and a net margin of 5.98%. The business's revenue for the quarter was up 4.8% compared to the same quarter last year. During the same period in the prior year, the business earned $0.17 earnings per share. View Melco Resorts & Entertainment's Earnings History.

Melco Resorts & Entertainment is scheduled to release their next quarterly earnings announcement on Thursday, May 2nd 2019. View Earnings Estimates for Melco Resorts & Entertainment.

12 brokers have issued 1-year price objectives for Melco Resorts & Entertainment's shares. Their forecasts range from $24.00 to $35.10. On average, they anticipate Melco Resorts & Entertainment's share price to reach $28.4429 in the next year. This suggests a possible upside of 21.6% from the stock's current price. View Analyst Price Targets for Melco Resorts & Entertainment.

12 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Melco Resorts & Entertainment in the last year. There are currently 1 hold rating and 11 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Melco Resorts & Entertainment.

Media coverage about MLCO stock has been trending somewhat positive this week, InfoTrie Sentiment Analysis reports. InfoTrie ranks the sentiment of media coverage by reviewing more than six thousand news and blog sources. The firm ranks coverage of companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Melco Resorts & Entertainment earned a news impact score of 1.7 on InfoTrie's scale. They also gave media headlines about the company a news buzz of 1.0 out of 10, meaning that recent media coverage is extremely unlikely to have an effect on the stock's share price in the near future.

Some companies that are related to Melco Resorts & Entertainment include Marriott International (MAR), Hilton Hotels (HLT), MGM Resorts International (MGM), Wynn Resorts (WYNN), InterContinental Hotels Group (IHG), Huazhu Group (HTHT), Hyatt Hotels (H), Caesars Entertainment (CZR), Park Hotels & Resorts (PK), Wyndham Hotels & Resorts (WH), Choice Hotels International (CHH), Eldorado Resorts (ERI), Sunstone Hotel Investors (SHO), Extended Stay America (STAY) and Red Rock Resorts (RRR).

Melco Resorts & Entertainment's stock is owned by many different of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (4.24%), Hardman Johnston Global Advisors LLC (2.18%), Boston Partners (1.01%), Coronation Fund Managers Ltd. (0.77%), Flowering Tree Investment Management Pte. Ltd. (0.70%) and Broad Peak Investment Management LTD. (0.54%).

MLCO stock was sold by a variety of institutional investors in the last quarter, including Bank of America Corp DE, Two Sigma Investments LP, BlackRock Inc., Bank of Montreal Can, USA Mutuals Advisors Inc., Eagle Global Advisors LLC, Zurcher Kantonalbank Zurich Cantonalbank and California Public Employees Retirement System.

MLCO stock was purchased by a variety of institutional investors in the last quarter, including Boston Partners, Coronation Fund Managers Ltd., Perpetual Ltd, Hardman Johnston Global Advisors LLC, Ardevora Asset Management LLP, Legal & General Group Plc, Two Sigma Advisers LP and Westpac Banking Corp.

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, Scottrade, Fidelity and Charles Schwab.

One share of MLCO stock can currently be purchased for approximately $23.40.

Melco Resorts & Entertainment has a market capitalization of $11.57 billion and generates $5.28 billion in revenue each year. The company earns $347 million in net income (profit) each year or $0.92 on an earnings per share basis. Melco Resorts & Entertainment employs 19,609 workers across the globe.

The official website for Melco Resorts & Entertainment is http://www.melco-resorts.com.

Melco Resorts & Entertainment's mailing address is 36TH FLOOR THE CENTRIUM. 60 WYNDHAM STREET, HONG KONG K3, . The company can be reached via phone at 852-2598-3600 or via email at [email protected]