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

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

Melco Resorts & Entertainment announced a quarterly dividend on Wednesday, October 30th. Stockholders of record on Tuesday, November 12th will be paid a dividend of $0.165 per share on Friday, November 22nd. This represents a $0.66 dividend on an annualized basis and a dividend yield of 3.13%. The ex-dividend date of this dividend is Thursday, November 7th. View Melco Resorts & Entertainment's Dividend History.

Melco Resorts & Entertainment Limited (NASDAQ:MLCO) issued its earnings results on Wednesday, October, 30th. The company reported $0.24 earnings per share for the quarter, missing analysts' consensus estimates of $0.27 by $0.03. The firm earned $1.44 billion during the quarter, compared to the consensus estimate of $1.41 billion. Melco Resorts & Entertainment had a return on equity of 17.61% and a net margin of 7.60%. Melco Resorts & Entertainment's revenue for the quarter was up 16.4% compared to the same quarter last year. During the same quarter last year, the company earned $0.05 EPS. View Melco Resorts & Entertainment's Earnings History.

Melco Resorts & Entertainment is scheduled to release their next quarterly earnings announcement on Tuesday, February 18th 2020. View Earnings Estimates for Melco Resorts & Entertainment.

8 Wall Street analysts have issued 12-month price objectives for Melco Resorts & Entertainment's shares. Their forecasts range from $15.00 to $27.00. On average, they expect Melco Resorts & Entertainment's share price to reach $24.13 in the next twelve months. This suggests a possible upside of 14.4% from the stock's current price. View Analyst Price Targets for Melco Resorts & Entertainment.

8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Melco Resorts & Entertainment in the last year. There are currently 8 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Melco Resorts & Entertainment.

News articles about MLCO stock have been trending somewhat negative on Friday, according to InfoTrie. The research group 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 closest to five being the most favorable. Melco Resorts & Entertainment earned a news sentiment score of -1.0 on InfoTrie's scale. They also assigned news headlines about the company a news buzz of 10.0 out of 10, indicating that recent media coverage is extremely likely to have an impact on the company's share price in the next few days. View News Stories for Melco Resorts & Entertainment.

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

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), Golar LNG (GLNG), Micron Technology (MU), JD.Com (JD), NVIDIA (NVDA), Wynn Resorts (WYNN), AT&T (T) and Gilead Sciences (GILD).

Melco Resorts & Entertainment's stock is owned by many different of retail and institutional investors. Top institutional investors include Coronation Fund Managers Ltd. (0.62%), Hexavest Inc. (0.21%), Mckinley Capital Management LLC Delaware (0.11%), Zurcher Kantonalbank Zurich Cantonalbank (0.04%), Campbell & CO Investment Adviser LLC (0.01%) and Gateway Investment Advisers LLC (0.01%).

MLCO stock was sold by a variety of institutional investors in the last quarter, including Coronation Fund Managers Ltd., Gateway Investment Advisers LLC, Zurcher Kantonalbank Zurich Cantonalbank , Hanson & Doremus Investment Management, IFM Investors Pty Ltd, Sumitomo Mitsui DS Asset Management Company Ltd and Rothschild Investment Corp IL.

MLCO stock was bought by a variety of institutional investors in the last quarter, including Hexavest Inc., Campbell & CO Investment Adviser LLC, Mckinley Capital Management LLC Delaware, DNB Asset Management AS, Sumitomo Life Insurance Co., Harbour Capital Advisors LLC and Carroll Financial Associates 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 $21.10.

Melco Resorts & Entertainment has a market capitalization of $10.43 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]