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

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

Melco Resorts & Entertainment declared a quarterly dividend on Wednesday, July 24th. Shareholders of record on Monday, August 5th will be given a dividend of $0.1651 per share on Thursday, August 15th. This represents a $0.66 annualized dividend and a yield of 3.06%. The ex-dividend date of this dividend is Friday, August 2nd. This is a boost from Melco Resorts & Entertainment's previous quarterly dividend of $0.02. View Melco Resorts & Entertainment's Dividend History.

Melco Resorts & Entertainment Limited (NASDAQ:MLCO) posted its quarterly earnings data on Wednesday, July, 24th. The company reported $0.24 earnings per share for the quarter, beating the Thomson Reuters' consensus estimate of $0.20 by $0.04. The company had revenue of $1.44 billion for the quarter, compared to analyst estimates of $1.32 billion. Melco Resorts & Entertainment had a return on equity of 14.53% and a net margin of 6.55%. Melco Resorts & Entertainment's quarterly revenue was up 17.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.12 earnings per share. View Melco Resorts & Entertainment's Earnings History.

Melco Resorts & Entertainment is scheduled to release their next quarterly earnings announcement on Thursday, November 14th 2019. View Earnings Estimates for Melco Resorts & Entertainment.

13 analysts have issued 1-year price objectives for Melco Resorts & Entertainment's shares. Their predictions range from $15.00 to $33.00. On average, they anticipate Melco Resorts & Entertainment's share price to reach $25.79 in the next twelve months. This suggests a possible upside of 19.6% from the stock's current price. View Analyst Price Targets for Melco Resorts & Entertainment.

13 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Melco Resorts & Entertainment in the last year. There are currently 13 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Melco Resorts & Entertainment.

Media stories about MLCO stock have been trending somewhat positive recently, InfoTrie reports. InfoTrie identifies positive and negative 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 negative five to positive five, with scores closest to five being the most favorable. Melco Resorts & Entertainment earned a media sentiment score of 0.9 on InfoTrie's scale. They also assigned media coverage about the company a news buzz of 1.0 out of 10, indicating that recent media coverage is extremely unlikely to have an effect on the stock's share price in the next few days. 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), Park Hotels & Resorts (PK), Choice Hotels International (CHH), Wyndham Hotels & Resorts (WH), Wyndham Destinations (WYND), Eldorado Resorts (ERI), Sunstone Hotel Investors (SHO), Boyd Gaming (BYD) and Extended Stay America (STAY).

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), NVIDIA (NVDA), JD.Com (JD), Netflix (NFLX), Tesla (TSLA) and Wynn Resorts (WYNN).

Melco Resorts & Entertainment's stock is owned by a number of of institutional and retail investors. Top institutional investors include BlackRock Inc. (2.70%), BlackRock Inc. (2.70%), Hardman Johnston Global Advisors LLC (2.12%), Nuveen Asset Management LLC (2.05%), Boston Partners (0.98%) and Broad Peak Investment Management LTD. (0.80%).

MLCO stock was sold by a variety of institutional investors in the last quarter, including BlackRock Inc., BlackRock Inc., Indus Capital Partners LLC, Hardman Johnston Global Advisors LLC, Nicholas Investment Partners LP, Platinum Investment Management Ltd., Flowering Tree Investment Management Pte. Ltd. and Morgan Stanley.

MLCO stock was bought by a variety of institutional investors in the last quarter, including Nuveen Asset Management LLC, Matthews International Capital Management LLC, Point72 Asset Management L.P., Mackenzie Financial Corp, Broad Peak Investment Management LTD., Renaissance Technologies LLC, York Capital Management Global Advisors LLC and Nomura Asset Management Co. Ltd..

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 $21.57.

Melco Resorts & Entertainment has a market capitalization of $10.66 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.

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]