S&P 500   3,380.16 (+0.18%)
DOW   29,398.08 (-0.09%)
QQQ   234.64 (+0.29%)
S&P 500   3,380.16 (+0.18%)
DOW   29,398.08 (-0.09%)
QQQ   234.64 (+0.29%)
S&P 500   3,380.16 (+0.18%)
DOW   29,398.08 (-0.09%)
QQQ   234.64 (+0.29%)
S&P 500   3,380.16 (+0.18%)
DOW   29,398.08 (-0.09%)
QQQ   234.64 (+0.29%)
Log in

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

$21.40
-0.70 (-3.17 %)
(As of 02/17/2020 02:34 PM ET)
Today's Range
$21.39
Now: $21.40
$22.25
50-Day Range
$20.09
MA: $22.58
$25.14
52-Week Range
$18.68
Now: $21.40
$26.97
Volume2.46 million shs
Average Volume4.28 million shs
Market Capitalization$10.58 billion
P/E Ratio23.52
Dividend Yield3.05%
Beta1.91
Melco Resorts & Entertainment Limited, through its subsidiaries, develops, owns, and operates casino gaming and entertainment casino resort facilities in Asia. It owns and operates City of Dreams, an integrated casino resort that has 500 gaming tables and 800 gaming machines; approximately 1,400 hotel rooms and suites; a wet stage performance theater with approximately 2,000 seats; approximately 30 restaurants and bars, and 150 retail outlets; and recreation and leisure facilities, including health and fitness clubs, swimming pools, spa and salons, and banquet and meeting facilities. Read More…

Industry, Sector and Symbol

Industry Hotels & motels
Sub-IndustryN/A
SectorConsumer Discretionary
Current SymbolNASDAQ:MLCO
CUSIPN/A
Phone852-2598-3600

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$5.16 billion
Cash Flow$2.07 per share
Book Value$5.55 per share

Profitability

Net Income$351.52 million

Miscellaneous

Employees21,413
Market Cap$10.58 billion
Next Earnings Date2/18/2020 (Estimated)
OptionableOptionable

Receive MLCO News and Ratings via Email

Sign-up to receive the latest news and ratings for MLCO and its competitors with MarketBeat's FREE daily newsletter.


Melco Resorts & Entertainment (NASDAQ:MLCO) Frequently Asked Questions

What is Melco Resorts & Entertainment's stock symbol?

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

How often does Melco Resorts & Entertainment pay dividends? What is the dividend yield for Melco Resorts & Entertainment?

Melco Resorts & Entertainment declared a quarterly dividend on Wednesday, October 30th. Shareholders of record on Tuesday, November 12th will be given a dividend of $0.165 per share on Friday, November 22nd. This represents a $0.66 dividend on an annualized basis and a yield of 3.08%. The ex-dividend date is Thursday, November 7th. View Melco Resorts & Entertainment's Dividend History.

How were Melco Resorts & Entertainment's earnings last quarter?

Melco Resorts & Entertainment Limited (NASDAQ:MLCO) released its quarterly earnings results on Wednesday, October, 30th. The company reported $0.24 earnings per share for the quarter, missing the Thomson Reuters' consensus estimate of $0.27 by $0.03. The firm earned $1.44 billion during the quarter, compared to analysts' expectations of $1.41 billion. Melco Resorts & Entertainment had a net margin of 7.60% and a return on equity of 17.61%. 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 business posted $0.05 EPS. View Melco Resorts & Entertainment's Earnings History.

When is Melco Resorts & Entertainment's next earnings date?

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

What price target have analysts set for MLCO?

8 analysts have issued 12 month target prices for Melco Resorts & Entertainment's stock. 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 12.8% from the stock's current price. View Analyst Price Targets for Melco Resorts & Entertainment.

What is the consensus analysts' recommendation 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.

Has Melco Resorts & Entertainment been receiving favorable news coverage?

Press coverage about MLCO stock has been trending somewhat positive recently, InfoTrie Sentiment Analysis reports. The research group identifies positive and negative press coverage by monitoring 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 five, with scores nearest to five being the most favorable. Melco Resorts & Entertainment earned a daily sentiment score of 1.8 on InfoTrie's scale. They also gave press coverage about the company a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an effect on the stock's share price in the next several days. View News Stories for Melco Resorts & Entertainment.

Who are some of Melco Resorts & Entertainment's key competitors?

What other stocks do shareholders of Melco Resorts & Entertainment own?

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).

Who are Melco Resorts & Entertainment's key executives?

Melco Resorts & Entertainment's management team includes the folowing people:
  • Mr. Yau Lung Ho, Chairman and Chief Exec. Officer (Age 41)
  • Mr. Geoffrey Stuart Davis CFA, CFO, Exec. VP & Treasurer (Age 49)
  • Mr. Ross Dunwoody, VP of Investor Relations
  • Ms. Stephanie Cheung, Chief Legal Officer, Exec. VP and Company Sec. (Age 56)
  • Ms. Leanne Palmer, VP of Financial Compliance

Who are Melco Resorts & Entertainment's major shareholders?

Melco Resorts & Entertainment's stock is owned by many different of institutional and retail investors. Top institutional shareholders include Hardman Johnston Global Advisors LLC (2.10%), Boston Partners (1.32%), State Street Corp (0.96%), FMR LLC (0.91%), Renaissance Technologies LLC (0.87%) and Flowering Tree Investment Management Pte. Ltd. (0.68%).

Which major investors are selling Melco Resorts & Entertainment stock?

MLCO stock was sold by a variety of institutional investors in the last quarter, including Coronation Fund Managers Ltd., Perpetual Ltd, Nomura Asset Management Co. Ltd., SG Americas Securities LLC, Caisse DE Depot ET Placement DU Quebec, Matthews International Capital Management LLC, Hardman Johnston Global Advisors LLC and Andra AP fonden.

Which major investors are buying Melco Resorts & Entertainment stock?

MLCO stock was purchased by a variety of institutional investors in the last quarter, including Renaissance Technologies LLC, Boston Partners, Hexavest Inc., J. Goldman & Co LP, State of Tennessee Treasury Department, Platinum Investment Management Ltd., Nicholas Investment Partners LP and Korea Investment CORP.

How do I buy shares of Melco Resorts & Entertainment?

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.

What is Melco Resorts & Entertainment's stock price today?

One share of MLCO stock can currently be purchased for approximately $21.40.

How big of a company is Melco Resorts & Entertainment?

Melco Resorts & Entertainment has a market capitalization of $10.58 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.

What is Melco Resorts & Entertainment's official website?

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

How can I contact Melco Resorts & Entertainment?

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]


MarketBeat Community Rating for Melco Resorts & Entertainment (NASDAQ MLCO)

Community Ranking:  2.4 out of 5 (star star)
Outperform Votes:  536 (Vote Outperform)
Underperform Votes:  575 (Vote Underperform)
Total Votes:  1,111
MarketBeat's community ratings are surveys of what our community members think about Melco Resorts & Entertainment and other stocks. Vote "Outperform" if you believe MLCO will outperform the S&P 500 over the long term. Vote "Underperform" if you believe MLCO will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 2/17/2020 by MarketBeat.com Staff

Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.

Yahoo Gemini Pixel