Melco Resorts & Entertainment (NASDAQ:MLCO - Get Free Report) is projected to issue its Q1 2025 earnings results before the market opens on Tuesday, April 29th. Analysts expect the company to announce earnings of ($0.04) per share and revenue of $1.21 billion for the quarter.
Melco Resorts & Entertainment Stock Performance
Melco Resorts & Entertainment stock remained flat at $5.10 during mid-day trading on Friday. The company had a trading volume of 3,471,739 shares, compared to its average volume of 3,827,468. Melco Resorts & Entertainment has a 1 year low of $4.55 and a 1 year high of $8.90. The stock's 50-day moving average is $5.33 and its 200 day moving average is $5.93. The firm has a market cap of $2.17 billion, a P/E ratio of -23.18, a PEG ratio of 0.63 and a beta of 0.87.
Wall Street Analyst Weigh In
A number of brokerages recently commented on MLCO. Susquehanna lowered their price objective on shares of Melco Resorts & Entertainment from $10.00 to $9.00 and set a "positive" rating on the stock in a research report on Monday, February 3rd. Citigroup upgraded shares of Melco Resorts & Entertainment from a "neutral" rating to a "buy" rating and set a $6.25 price target on the stock in a report on Thursday, April 10th. Finally, Morgan Stanley raised Melco Resorts & Entertainment from an "equal weight" rating to an "overweight" rating and reduced their price objective for the company from $7.50 to $6.70 in a research report on Monday, March 3rd. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $7.29.
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Melco Resorts & Entertainment Company Profile
(
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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.
Further Reading
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