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

$19.49
-0.33 (-1.66 %)
(As of 08/14/2020 04:00 PM ET)
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Today's Range
$19.38
Now: $19.49
$19.80
50-Day Range
$15.15
MA: $16.64
$19.98
52-Week Range
$10.81
Now: $19.49
$25.22
Volume2.44 million shs
Average Volume3.46 million shs
Market Capitalization$8.96 billion
P/E RatioN/A
Dividend Yield1.66%
Beta1.97
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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Beat the Market (BTM) Rank

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

Overall Beat the Market Rank

1.81 out of 5 stars


Industry, Sector and Symbol

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

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$5.74 billion
Cash Flow$2.55 per share
Book Value$6.36 per share

Profitability

Net Income$373.17 million

Miscellaneous

Employees23,078
Market Cap$8.96 billion
Next Earnings Date8/20/2020 (Confirmed)
OptionableOptionable
$19.49
-0.33 (-1.66 %)
(As of 08/14/2020 04:00 PM ET)
30 days | 90 days | 365 days | Advanced Chart

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

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

Melco Resorts & Entertainment's stock was trading at $15.45 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, MLCO shares have increased by 26.1% and is now trading at $19.49.
View which stocks have been most impacted by COVID-19
.

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 Thursday, August 20th 2020.
View our earnings forecast for Melco Resorts & Entertainment
.

How can I listen to Melco Resorts & Entertainment's earnings call?

Melco Resorts & Entertainment will be holding an earnings conference call on Thursday, August 20th at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

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

Melco Resorts & Entertainment Limited (NASDAQ:MLCO) issued its earnings results on Thursday, May, 14th. The company reported ($0.72) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.59) by $0.13. The firm earned $811.18 million during the quarter, compared to analyst estimates 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 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 3.39%. 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 Wall Street analysts have issued twelve-month price objectives for Melco Resorts & Entertainment's shares. Their forecasts range from $20.00 to $27.00. On average, they anticipate Melco Resorts & Entertainment's share price to reach $23.30 in the next year. This suggests a possible upside of 19.5% from the stock's current price.
View analysts' price targets for Melco Resorts & Entertainment
.

Has Melco Resorts & Entertainment been receiving favorable news coverage?

Press coverage about MLCO stock has been trending somewhat negative on Saturday, according to InfoTrie Sentiment. InfoTrie identifies negative and positive press coverage by monitoring more than six thousand news and blog sources in real time. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores closest to five being the most favorable. Melco Resorts & Entertainment earned a news sentiment score of -1.4 on InfoTrie's scale. They also gave media coverage about the company a news buzz of 10.0 out of 10, indicating that recent press coverage is extremely likely to have an effect on the stock's share price in the next several days.
View the latest news about Melco Resorts & Entertainment
.

Are investors shorting Melco Resorts & Entertainment?

Melco Resorts & Entertainment saw a drop in short interest in June. As of June 30th, there was short interest totaling 3,550,000 shares, a drop of 21.8% from the June 15th total of 4,540,000 shares. Based on an average daily trading volume, of 3,010,000 shares, the short-interest ratio is presently 1.2 days.
View Melco Resorts & Entertainment's Short Interest
.

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), Wynn Resorts (WYNN), JD.Com (JD), NVIDIA (NVDA), Chesapeake Energy (CHKAQ), Chesapeake Energy (CHKAQ) and Gilead Sciences (GILD).

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 a number of retail and institutional investors. Top institutional investors include Hardman Johnston Global Advisors LLC (3.06%), River & Mercantile Asset Management LLP (1.85%), Coronation Fund Managers Ltd. (1.24%), Broad Peak Investment Holdings Ltd. (1.11%), Platinum Investment Management Ltd. (0.95%) and King Street Capital Management L.P. (0.49%).

Which institutional investors are selling Melco Resorts & Entertainment stock?

MLCO stock was sold by a variety of institutional investors in the last quarter, including Balyasny Asset Management LLC, Hillhouse Capital Advisors LTD., Marshall Wace LLP, Platinum Investment Management Ltd., UBS Group AG, Canada Pension Plan Investment Board, SG Americas Securities LLC, and California Public Employees Retirement System.

Which institutional investors are buying Melco Resorts & Entertainment stock?

MLCO stock was acquired by a variety of institutional investors in the last quarter, including River & Mercantile Asset Management LLP, Hardman Johnston Global Advisors LLC, King Street Capital Management L.P., FMR LLC, Broad Peak Investment Holdings Ltd., Coronation Fund Managers Ltd., Rovida Advisors Inc., and Point72 Asset Management L.P..

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 $19.49.

How big of a company is Melco Resorts & Entertainment?

Melco Resorts & Entertainment has a market capitalization of $8.96 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 8/15/2020 by MarketBeat.com Staff

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