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. Investors 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 3.33%. The ex-dividend date 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) posted its quarterly earnings data on Thursday, February, 20th. The company reported $0.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.32 by $0.13. The company earned $1.45 billion during the quarter, compared to analysts' expectations 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 1 year price objectives for Melco Resorts & Entertainment's shares. Their forecasts range from $25.00 to $27.00. On average, they anticipate Melco Resorts & Entertainment's stock price to reach $26.15 in the next year. This suggests a possible upside of 32.0% 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 coverage about MLCO stock has trended somewhat positive recently, InfoTrie Sentiment reports. The research firm rates the sentiment of media coverage by monitoring more than six thousand news and blog sources in real-time. The firm ranks coverage of companies on a scale of -5 to 5, with scores closest to five being the most favorable. Melco Resorts & Entertainment earned a coverage optimism score of 2.0 on InfoTrie's scale. They also assigned media stories about the company a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely to have an effect on the company's share price in the near term. 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), Wyndham Hotels & Resorts (WH), Park Hotels & Resorts (PK), 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 variety of of institutional and retail investors. Top institutional investors 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 acquired 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 $19.81.

Melco Resorts & Entertainment has a market capitalization of $9.79 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]