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NASDAQ:MLCOMelco Resorts & Entertainment Stock Price, Forecast & News

$15.63
+0.45 (+2.96 %)
(As of 05/26/2020 12:44 PM ET)
Add
Compare
Today's Range
$14.97
Now: $15.63
$15.63
50-Day Range
$11.00
MA: $14.71
$16.74
52-Week Range
$10.81
Now: $15.63
$25.49
Volume230,116 shs
Average Volume3.32 million shs
Market Capitalization$7.19 billion
P/E RatioN/A
Dividend Yield4.56%
Beta2
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. The company also operates Altira Macau, a casino hotel, which has approximately 112 gaming tables and 56 gaming machines; 230 hotel rooms; various fine dining and casual restaurants, and recreation and leisure facilities; and various non-gaming amenities comprising spa, gymnasium, outdoor garden podium, and sky terrace lounge. In addition, it operates Studio City, a cinematically-themed integrated entertainment, retail, and gaming resort that comprises 280 gaming tables and 980 gaming machines in Cotai, Macau. Further, the company owns and operates 7 Mocha Clubs with 1,034 gaming machines, as well as Taipa Square casino in Taipa Island, Macau. Additionally, it operates and manages City of Dreams Manila, a casino, hotel, retail, and entertainment integrated resort in the Entertainment City complex in Manila. The company was formerly known as Melco Crown Entertainment Limited and changed its name to Melco Resorts & Entertainment Limited in April 2017. Melco Resorts & Entertainment Limited was incorporated in 2004 and is based in Central, Hong Kong. As of February 16, 2017, Melco Resorts & Entertainment Limited operates as a subsidiary of Melco Leisure and Entertainment Group Limited.
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Melco Resorts & Entertainment logo

Beat the Market (BTM) Rank

Analyst Opinion: 3.5Community Rank: 2.4Dividend Strength: 2.5Insider Behavior: 1.0Valuation: 0.6 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

2.01 out of 5 stars


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$5.74 billion
Cash Flow$2.48 per share
Book Value$6.36 per share

Profitability

Net Income$373.17 million

Miscellaneous

Employees23,078
Market Cap$7.19 billion
Next Earnings Date7/22/2020 (Estimated)
OptionableOptionable

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

How has Melco Resorts & Entertainment's stock been impacted by COVID-19 (Coronavirus)?

Melco Resorts & Entertainment's stock was trading at $15.45 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, MLCO shares have increased by 1.2% and is now trading at $15.63. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of 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.

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

Melco Resorts & Entertainment is scheduled to release its next quarterly earnings announcement on Wednesday, July 22nd 2020. View our earnings forecast for Melco Resorts & Entertainment.

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

Melco Resorts & Entertainment Limited (NASDAQ:MLCO) released its quarterly earnings data on Thursday, May, 14th. The company reported ($0.72) earnings per share for the quarter, missing the Zacks' consensus estimate of ($0.59) by $0.13. The business had revenue of $811.18 million for the quarter, compared to analysts' expectations of $631.64 million. Melco Resorts & Entertainment had a negative return on equity of 1.04% and a negative net margin of 2.19%. View Melco Resorts & Entertainment's earnings history.

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

Melco Resorts & Entertainment declared a quarterly dividend on Friday, February 21st. Shareholders of record on Monday, March 2nd will be paid 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 4.23%. The ex-dividend date of this dividend is Friday, February 28th. This is an increase from Melco Resorts & Entertainment's previous quarterly dividend of $0.17. View Melco Resorts & Entertainment's dividend history.

What price target have analysts set for MLCO?

6 equities research analysts have issued 1 year target prices for Melco Resorts & Entertainment's stock. Their forecasts range from $20.00 to $27.00. On average, they anticipate Melco Resorts & Entertainment's share price to reach $25.30 in the next twelve months. This suggests a possible upside of 61.9% from the stock's current price. View analysts' price targets for Melco Resorts & Entertainment.

Has Melco Resorts & Entertainment been receiving favorable news coverage?

News stories about MLCO stock have been trending extremely negative recently, InfoTrie Sentiment Analysis reports. The research group identifies positive and negative press coverage by monitoring more than six thousand blog and news sources. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Melco Resorts & Entertainment earned a news impact score of -5.0 on InfoTrie's scale. They also assigned media stories about the company a news buzz of 0.0 out of 10, indicating that recent press coverage is extremely unlikely to have an impact on the stock's share price in the near term. View the latest news aboutMelco 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), Micron Technology (MU), Golar LNG (GLNG), JD.Com (JD), Wynn Resorts (WYNN), NVIDIA (NVDA), Twitter (TWTR) and Tesla (TSLA).

Who are Melco Resorts & Entertainment's key executives?

Melco Resorts & Entertainment's management team includes the following 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

What is Melco Resorts & Entertainment's stock symbol?

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

Who are Melco Resorts & Entertainment's major shareholders?

Melco Resorts & Entertainment's stock is owned by many different retail and institutional investors. Top institutional shareholders include Capital Research Global Investors (7.50%), Capital World Investors (4.30%), BlackRock Inc. (2.27%), Hardman Johnston Global Advisors LLC (2.08%), Coronation Fund Managers Ltd. (1.14%) and State Street Corp (1.05%).

Which institutional investors are selling Melco Resorts & Entertainment stock?

MLCO stock was sold by a variety of institutional investors in the last quarter, including Capital Research Global Investors, Flowering Tree Investment Management Pte. Ltd., NWI Management LP, Two Sigma Investments LP, Hexavest Inc., Deutsche Bank AG, Nomura Asset Management Co. Ltd., and US Bancorp DE.

Which institutional investors are buying Melco Resorts & Entertainment stock?

MLCO stock was purchased by a variety of institutional investors in the last quarter, including Capital World Investors, Coronation Fund Managers Ltd., Morgan Stanley, BlackRock Inc., Clearbridge Investments LLC, Balyasny Asset Management LLC, Federated Hermes Inc., and Broad Peak Investment Holdings Ltd..

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 $15.63.

How big of a company is Melco Resorts & Entertainment?

Melco Resorts & Entertainment has a market capitalization of $7.19 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 23,078 workers across the globe.

What is Melco Resorts & Entertainment's official website?

The official website for Melco Resorts & Entertainment is 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 CENTRAL, HONG KONG K3, . The company can be reached via phone at 852-2598-3600 or via email at [email protected]

This page was last updated on 5/26/2020 by MarketBeat.com Staff

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