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 year. There are currently 1 hold rating and 3 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" MLCO shares.
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4 analysts have issued 12 month price targets for Melco Resorts & Entertainment's shares. Their MLCO share price forecasts range from $11.00 to $13.00. On average, they expect the company's share price to reach $12.00 in the next year. This suggests a possible upside of 126.4% from the stock's current price.
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Melco Resorts & Entertainment's stock was trading at $10.18 at the beginning of the year. Since then, MLCO stock has decreased by 47.9% and is now trading at $5.30.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, November 8th 2022.
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Melco Resorts & Entertainment Limited (NASDAQ:MLCO) posted its quarterly earnings results on Thursday, August, 18th. The company reported ($0.51) earnings per share for the quarter, beating analysts' consensus estimates of ($0.52) by $0.01. The company earned $296.11 million during the quarter, compared to analyst estimates of $383.51 million. Melco Resorts & Entertainment had a negative net margin of 48.76% and a negative trailing twelve-month return on equity of 106.14%.

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 many different institutional and retail investors. Top institutional investors include ARGA Investment Management LP (5.35%), Hardman Johnston Global Advisors LLC (3.97%), Eminence Capital LP (2.38%), Long Pond Capital LP (1.42%), State Street Corp (1.01%) and Coronation Fund Managers Ltd. (0.78%).

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.
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One share of MLCO stock can currently be purchased for approximately $5.30.

Melco Resorts & Entertainment (NASDAQ:MLCO) has a market capitalization of $2.51 billion and generates $2.01 billion in revenue each year. The company earns $-811,750,000.00 in net income (profit) each year or ($1.75) 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.