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

$20.30
+0.81 (+4.16 %)
(As of 10/13/2019 04:00 PM ET)
Today's Range
$19.76
Now: $20.30
$20.52
50-Day Range
$19.15
MA: $20.40
$21.78
52-Week Range
$15.33
Now: $20.30
$26.97
Volume1.59 million shs
Average Volume1.50 million shs
Market Capitalization$10.03 billion
P/E Ratio22.81
Dividend Yield3.35%
Beta1.84
Melco Resorts & Entertainment Limited, through its subsidiaries, develops, owns, and operates casino gaming and entertainment casino resort facilities in Asia. It owns and operates City of Dreams, an integrated casino resort that has 500 gaming tables and 800 gaming machines; approximately 1,400 hotel rooms and suites; a wet stage performance theater with approximately 2,000 seats; approximately 30 restaurants and bars, and 150 retail outlets; and recreation and leisure facilities, including health and fitness clubs, swimming pools, spa and salons, and banquet and meeting facilities. Read More…

Industry, Sector and Symbol

Industry Hotels & motels
Sub-IndustryN/A
SectorConsumer Discretionary
Current SymbolNASDAQ:MLCO
CUSIPN/A
Phone852-2598-3600

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$5.16 billion
Cash Flow$2.15 per share
Book Value$5.55 per share

Profitability

Net Income$351.52 million

Miscellaneous

Employees21,413
Market Cap$10.03 billion
Next Earnings Date11/14/2019 (Estimated)
OptionableOptionable

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Melco Resorts & Entertainment (NASDAQ:MLCO) Frequently Asked Questions

What is Melco Resorts & Entertainment's stock symbol?

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

How often does Melco Resorts & Entertainment pay dividends? What is the dividend yield for Melco Resorts & Entertainment?

Melco Resorts & Entertainment announced 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 dividend on an annualized basis and a dividend yield of 3.25%. The ex-dividend date of this dividend is Friday, August 2nd. This is a positive change from Melco Resorts & Entertainment's previous quarterly dividend of $0.02. View Melco Resorts & Entertainment's Dividend History.

How were Melco Resorts & Entertainment's earnings last quarter?

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

When is Melco Resorts & Entertainment's next earnings date?

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

What price target have analysts set for MLCO?

12 brokers have issued twelve-month 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 $25.66 in the next twelve months. This suggests a possible upside of 26.4% from the stock's current price. View Analyst Price Targets for Melco Resorts & Entertainment.

What is the consensus analysts' recommendation for Melco Resorts & Entertainment?

12 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Melco Resorts & Entertainment in the last year. There are currently 12 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Melco Resorts & Entertainment.

Has Melco Resorts & Entertainment been receiving favorable news coverage?

Media stories about MLCO stock have been trending somewhat positive recently, InfoTrie Sentiment reports. InfoTrie identifies negative and positive news coverage by monitoring more than six thousand blog and news sources. 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 0.8 on InfoTrie's scale. They also assigned media coverage about the company a news buzz of 10.0 out of 10, indicating that recent news coverage is extremely likely to have an effect on the stock's share price in the next few days. View News Stories for Melco Resorts & Entertainment.

Who are some of Melco Resorts & Entertainment's key competitors?

What other stocks do shareholders of Melco Resorts & Entertainment own?

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), Wynn Resorts (WYNN) and Twitter (TWTR).

Who are Melco Resorts & Entertainment's key executives?

Melco Resorts & Entertainment's management team includes the folowing people:
  • Mr. Yau Lung Ho, Chairman and Chief Exec. Officer (Age 41)
  • Mr. Geoffrey Stuart Davis CFA, CFO, Exec. VP & Treasurer (Age 49)
  • Mr. Ross Dunwoody, VP of Investor Relations
  • Ms. Stephanie Cheung, Chief Legal Officer, Exec. VP and Company Sec. (Age 56)
  • Ms. Leanne Palmer, VP of Financial Compliance

Who are Melco Resorts & Entertainment's major shareholders?

Melco Resorts & Entertainment's stock is owned by a number of of institutional and retail investors. Top institutional shareholders include Perpetual Ltd (0.22%), Hexavest Inc. (0.11%), Manning & Napier Group LLC (0.02%), Clarus Wealth Advisors (0.00%), Private Trust Co. NA (0.00%) and Gulf International Bank UK Ltd (0.00%).

Which institutional investors are selling Melco Resorts & Entertainment stock?

MLCO stock was sold by a variety of institutional investors in the last quarter, including Perpetual Ltd, Manning & Napier Group LLC, Hexavest Inc. and Gulf International Bank UK Ltd.

Which institutional investors are buying Melco Resorts & Entertainment stock?

MLCO stock was purchased by a variety of institutional investors in the last quarter, including Clarus Wealth Advisors and Private Trust Co. NA.

How do I buy shares of Melco Resorts & Entertainment?

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.

What is Melco Resorts & Entertainment's stock price today?

One share of MLCO stock can currently be purchased for approximately $20.30.

How big of a company is Melco Resorts & Entertainment?

Melco Resorts & Entertainment has a market capitalization of $10.03 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.

What is Melco Resorts & Entertainment's official website?

The official website for Melco Resorts & Entertainment is http://www.melco-resorts.com/.

How can I contact Melco Resorts & Entertainment?

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]


MarketBeat Community Rating for Melco Resorts & Entertainment (NASDAQ MLCO)

Community Ranking:  2.4 out of 5 (star star)
Outperform Votes:  512 (Vote Outperform)
Underperform Votes:  542 (Vote Underperform)
Total Votes:  1,054
MarketBeat's community ratings are surveys of what our community members think about Melco Resorts & Entertainment and other stocks. Vote "Outperform" if you believe MLCO will outperform the S&P 500 over the long term. Vote "Underperform" if you believe MLCO will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 10/13/2019 by MarketBeat.com Staff

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