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

4 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Melco Resorts & Entertainment in the last twelve months. There are currently 2 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" MLCO shares.
View MLCO analyst ratings or view top-rated stocks.

4 analysts 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 share price to reach $10.75 in the next twelve months. This suggests that the stock has a possible downside of 10.6%.
View analysts price targets for MLCO or view top-rated stocks among Wall Street analysts.

Melco Resorts & Entertainment's stock was trading at $11.50 at the start of the year. Since then, MLCO stock has increased by 4.5% and is now trading at $12.02.
View the best growth stocks for 2023 here.

The company is scheduled to release its next quarterly earnings announcement on Thursday, May 4th 2023.
View our MLCO earnings forecast.

Melco Resorts & Entertainment Limited (NASDAQ:MLCO) announced its quarterly earnings data on Wednesday, March, 1st. The company reported ($0.51) EPS for the quarter, beating the consensus estimate of ($0.60) by $0.09. The company earned $337.09 million during the quarter, compared to analyst estimates of $406.81 million. Melco Resorts & Entertainment had a negative net margin of 68.93% and a negative trailing twelve-month return on equity of 559.31%. Melco Resorts & Entertainment's revenue was down 29.9% compared to the same quarter last year. During the same period in the prior year, the business earned ($0.32) earnings per share.

ETFs with the largest weight of Melco Resorts & Entertainment (NASDAQ:MLCO) stock in their portfolio include iBET Sports Betting & Gaming ETF (IBET), B.A.D. Etf (BAD), VanEck Gaming ETF (BJK), Direxion Daily Travel & Vacation Bull 2X Shares (OOTO).Capital Group Global Growth Equity ETF (CGGO) and

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 shareholders include ARGA Investment Management LP (6.46%), Hardman Johnston Global Advisors LLC (3.51%), Eminence Capital LP (1.50%), New York State Common Retirement Fund (0.63%), Citigroup Inc. (0.00%) and Antara Capital LP (0.00%).

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.
Compare Top Brokerages Here.

One share of MLCO stock can currently be purchased for approximately $12.02.

Melco Resorts & Entertainment (NASDAQ:MLCO) has a market capitalization of $5.35 billion and generates $1.35 billion in revenue each year. The company earns $-930,530,000.00 in net income (profit) each year or ($2.02) 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.