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

4 Wall Street 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 research analysts is that investors should "buy" MLCO shares.
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4 Wall Street research analysts have issued 12 month price targets for Melco Resorts & Entertainment's shares. Their MLCO share price forecasts range from $10.00 to $11.50. On average, they expect the company's stock price to reach $10.75 in the next twelve months. This suggests that the stock has a possible downside of 19.5%.
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Melco Resorts & Entertainment's stock was trading at $11.50 at the start of the year. Since then, MLCO shares have increased by 16.2% and is now trading at $13.36.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, March 7th 2023.
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Melco Resorts & Entertainment Limited (NASDAQ:MLCO) posted its quarterly earnings data on Tuesday, November, 9th. The company reported ($0.43) earnings per share for the quarter, missing the consensus estimate of ($0.38) by $0.05. The business earned $446.40 million during the quarter, compared to analyst estimates of $508.65 million. Melco Resorts & Entertainment had a negative net margin of 56.15% and a negative trailing twelve-month return on equity of 182.94%. The firm's revenue for the quarter was up 109.7% on a year-over-year basis. During the same period last year, the firm posted ($0.66) EPS.

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 retail and institutional investors. Top institutional shareholders include New York State Common Retirement Fund (0.63%), Solstein Capital LLC (0.03%), Simplex Trading LLC (0.00%), Dupont Capital Management Corp (0.02%), Mcdonald Partners LLC (0.02%) and DAVENPORT & Co LLC (0.02%).

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 $13.36.

Melco Resorts & Entertainment (NASDAQ:MLCO) has a market capitalization of $5.95 billion and generates $2.01 billion in revenue each year. The company earns $-811,750,000.00 in net income (profit) each year or ($1.79) 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.