Melco Resorts & Entertainment (NASDAQ:MLCO - Get Free Report) posted its earnings results on Thursday. The company reported ($0.01) EPS for the quarter, missing analysts' consensus estimates of $0.08 by ($0.09), Zacks reports. Melco Resorts & Entertainment had a negative return on equity of 16.35% and a negative net margin of 2.04%. The business had revenue of $1.19 billion during the quarter, compared to the consensus estimate of $1.18 billion.
Melco Resorts & Entertainment Price Performance
Shares of NASDAQ:MLCO traded up $0.09 during trading on Monday, hitting $5.65. The company's stock had a trading volume of 4,039,557 shares, compared to its average volume of 4,133,384. The firm has a market cap of $2.37 billion, a price-to-earnings ratio of -25.68, a P/E/G ratio of 0.63 and a beta of 1.04. The company has a 50-day moving average of $5.71 and a 200-day moving average of $6.17. Melco Resorts & Entertainment has a 12 month low of $4.78 and a 12 month high of $8.90.
Analyst Ratings Changes
Several equities research analysts recently commented on the company. Morgan Stanley raised Melco Resorts & Entertainment from an "equal weight" rating to an "overweight" rating and dropped their price objective for the company from $7.50 to $6.70 in a research report on Monday. Susquehanna decreased their price objective on shares of Melco Resorts & Entertainment from $10.00 to $9.00 and set a "positive" rating for the company in a report on Monday, February 3rd. Finally, Citigroup cut shares of Melco Resorts & Entertainment from a "buy" rating to a "neutral" rating and dropped their target price for the stock from $10.00 to $6.00 in a report on Monday, February 10th. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $7.24.
View Our Latest Research Report on MLCO
Melco Resorts & Entertainment Company Profile
(
Get Free Report)
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.
Featured Articles
Before you consider Melco Resorts & Entertainment, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Melco Resorts & Entertainment wasn't on the list.
While Melco Resorts & Entertainment currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering what the next stocks will be that hit it big, with solid fundamentals? Enter your email address to see which stocks MarketBeat analysts could become the next blockbuster growth stocks.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
