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 Friday, February 21st. Shareholders of record on Monday, March 2nd will be given a dividend of $0.1651 per share on Thursday, March 12th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 3.61%. The ex-dividend date of this dividend is Friday, February 28th. This is a positive change from Melco Resorts & Entertainment's previous quarterly dividend of $0.17. View Melco Resorts & Entertainment's Dividend History.

Melco Resorts & Entertainment Limited (NASDAQ:MLCO) released its earnings results on Thursday, February, 20th. The company reported $0.19 earnings per share for the quarter, missing the consensus estimate of $0.32 by $0.13. The company earned $1.45 billion during the quarter, compared to analyst estimates of $1.43 billion. Melco Resorts & Entertainment had a net margin of 6.48% and a return on equity of 15.06%. View Melco Resorts & Entertainment's Earnings History.

Melco Resorts & Entertainment is scheduled to release their next quarterly earnings announcement on Tuesday, May 5th 2020. View Earnings Estimates for Melco Resorts & Entertainment.

6 brokers have issued 12-month target prices for Melco Resorts & Entertainment's stock. Their forecasts range from $25.00 to $27.00. On average, they anticipate Melco Resorts & Entertainment's share price to reach $26.15 in the next year. This suggests a possible upside of 42.9% from the stock's current price. View Analyst Price Targets for Melco Resorts & Entertainment.

6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Melco Resorts & Entertainment in the last year. There are currently 6 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Melco Resorts & Entertainment.

Media headlines about MLCO stock have been trending somewhat positive recently, InfoTrie Sentiment reports. The research firm scores the sentiment of media coverage by reviewing more than six thousand blog and news sources in real time. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores closest to five being the most favorable. Melco Resorts & Entertainment earned a media sentiment score of 2.0 on InfoTrie's scale. They also gave media 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 stock's share price in the near future. 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), Choice Hotels International (CHH), Park Hotels & Resorts (PK), Wyndham Hotels & Resorts (WH), Eldorado Resorts (ERI), Wyndham Destinations (WYND), Penn National Gaming (PENN), Boyd Gaming (BYD) and Red Rock Resorts (RRR).

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 a number of of retail and institutional investors. Top institutional shareholders include Capital Research Global Investors (7.57%), Capital World Investors (2.89%), Hardman Johnston Global Advisors LLC (2.10%), Boston Partners (1.32%), State Street Corp (0.96%) and FMR LLC (0.91%).

MLCO stock was sold by a variety of institutional investors in the last quarter, including Coronation Fund Managers Ltd., Capital World Investors, Capital Research Global Investors, Perpetual Ltd, Nomura Asset Management Co. Ltd., Man Group plc, LMR Partners LLP and SG Americas Securities LLC.

MLCO stock was bought 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.

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 $18.30.

Melco Resorts & Entertainment has a market capitalization of $9.05 billion and generates $5.74 billion in revenue each year. The company earns $373.17 million in net income (profit) each year or $0.94 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]