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 Wednesday, July 24th. Investors of record on Monday, August 5th will be paid a dividend of $0.1651 per share on Thursday, August 15th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 3.19%. The ex-dividend date of this dividend is Friday, August 2nd. This is an increase from Melco Resorts & Entertainment's previous quarterly dividend of $0.02. View Melco Resorts & Entertainment's Dividend History.

Melco Resorts & Entertainment Limited (NASDAQ:MLCO) announced its earnings results on Wednesday, July, 24th. The company reported $0.24 EPS for the quarter, beating the consensus estimate of $0.20 by $0.04. The company earned $1.44 billion during the quarter, compared to the consensus estimate of $1.32 billion. Melco Resorts & Entertainment had a return on equity of 14.53% and a net margin of 6.55%. The firm's revenue was up 17.4% compared to the same quarter last year. During the same period in the prior year, the business posted $0.12 EPS. View Melco Resorts & Entertainment's Earnings History.

Melco Resorts & Entertainment is scheduled to release their next quarterly earnings announcement on Thursday, November 14th 2019. View Earnings Estimates for Melco Resorts & Entertainment.

12 brokers have issued 1 year price objectives for Melco Resorts & Entertainment's stock. Their forecasts range from $15.00 to $33.00. On average, they expect Melco Resorts & Entertainment's share price to reach $25.5125 in the next twelve months. This suggests a possible upside of 23.2% 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.

Headlines about MLCO stock have been trending negative recently, according to InfoTrie. InfoTrie identifies negative and positive media coverage by reviewing more than six thousand news and blog sources in real time. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Melco Resorts & Entertainment earned a coverage optimism score of -2.3 on InfoTrie's scale. They also assigned news stories about the company a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an effect on the company's share price in the near term. View News Stories for Melco Resorts & Entertainment.

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

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), NVIDIA (NVDA), JD.Com (JD), Netflix (NFLX), Tesla (TSLA) and Wynn Resorts (WYNN).

Melco Resorts & Entertainment's stock is owned by a number of of institutional and retail investors. Top institutional investors include BlackRock Inc. (2.70%), Hardman Johnston Global Advisors LLC (2.12%), Nuveen Asset Management LLC (2.05%), Broad Peak Investment Management LTD. (0.80%), Coronation Fund Managers Ltd. (0.79%) and Platinum Investment Management Ltd. (0.74%).

MLCO stock was sold by a variety of institutional investors in the last quarter, including BlackRock Inc., Indus Capital Partners LLC, Hardman Johnston Global Advisors LLC, Nicholas Investment Partners LP, Platinum Investment Management Ltd., Flowering Tree Investment Management Pte. Ltd., Morgan Stanley and Bank of America Corp DE.

MLCO stock was acquired by a variety of institutional investors in the last quarter, including Nuveen Asset Management LLC, Matthews International Capital Management LLC, Point72 Asset Management L.P., Mackenzie Financial Corp, Broad Peak Investment Management LTD., Renaissance Technologies LLC, York Capital Management Global Advisors LLC and Nomura Asset Management Co. Ltd..

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 $20.71.

Melco Resorts & Entertainment has a market capitalization of $10.24 billion and generates $5.16 billion in revenue each year. The company earns $351.52 million in net income (profit) each year or $0.89 on an earnings per share basis. Melco Resorts & Entertainment employs 21,413 workers across the globe.View Additional Information About Melco Resorts & Entertainment.

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]