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NASDAQ:MLCO

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

Melco Resorts & Entertainment logo
$6.22 +0.07 (+1.14%)
(As of 12:01 PM ET)

About Melco Resorts & Entertainment Stock (NASDAQ:MLCO)

Key Stats

Today's Range
$6.15
$6.32
50-Day Range
$5.33
$8.48
52-Week Range
$4.78
$9.56
Volume
2.22 million shs
Average Volume
3.33 million shs
Market Capitalization
$2.74 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$9.82
Consensus Rating
Moderate Buy

Company Overview

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.

Melco Resorts & Entertainment Stock Analysis - MarketRank™

See Top Rated MarketRank™ Stocks
80th Percentile Overall Score

MLCO MarketRank™: 

Melco Resorts & Entertainment scored higher than 80% of companies evaluated by MarketBeat, and ranked 83rd out of 294 stocks in the consumer discretionary sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Earnings Growth

    Earnings for Melco Resorts & Entertainment are expected to grow by 100.00% in the coming year, from $0.17 to $0.34 per share.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of Melco Resorts & Entertainment is -28.54, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of Melco Resorts & Entertainment is -28.54, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

  • Price to Earnings Growth Ratio

    Melco Resorts & Entertainment has a PEG Ratio of 0.91. PEG Ratios below 1 indicate that a company could be undervalued.

  • Read more about Melco Resorts & Entertainment's valuation and earnings.
  • Percentage of Shares Shorted

    1.85% of the float of Melco Resorts & Entertainment has been sold short.
  • Short Interest Ratio / Days to Cover

    Melco Resorts & Entertainment has a short interest ratio ("days to cover") of 2, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in Melco Resorts & Entertainment has recently increased by 7.62%, indicating that investor sentiment is decreasing significantly.
  • Dividend Yield

    Melco Resorts & Entertainment does not currently pay a dividend.

  • Dividend Growth

    Melco Resorts & Entertainment does not have a long track record of dividend growth.

  • Dividend Sustainability

    Based on EPS estimates, Melco Resorts & Entertainment will have a dividend payout ratio of 191.76% in the coming year. This indicates that Melco Resorts & Entertainment may not be able to sustain their current dividend.

  • Read more about Melco Resorts & Entertainment's dividend.
  • Percentage of Shares Shorted

    1.85% of the float of Melco Resorts & Entertainment has been sold short.
  • Short Interest Ratio / Days to Cover

    Melco Resorts & Entertainment has a short interest ratio ("days to cover") of 2, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in Melco Resorts & Entertainment has recently increased by 7.62%, indicating that investor sentiment is decreasing significantly.
  • News Sentiment

    Melco Resorts & Entertainment has a news sentiment score of 0.47. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Consumer Discretionary companies.
  • News Coverage This Week

    MarketBeat has tracked 7 news articles for Melco Resorts & Entertainment this week, compared to 4 articles on an average week.
  • Search Interest

    5 people have searched for MLCO on MarketBeat in the last 30 days. This is an increase of 150% compared to the previous 30 days.
  • MarketBeat Follows

    Only 2 people have added Melco Resorts & Entertainment to their MarketBeat watchlist in the last 30 days. This is a decrease of 0% compared to the previous 30 days.
  • Insider Buying vs. Insider Selling

    In the past three months, Melco Resorts & Entertainment insiders have not sold or bought any company stock.

  • Percentage Held by Insiders

    57.09% of the stock of Melco Resorts & Entertainment is held by insiders. A high percentage of insider ownership can be a sign of company health.

  • Percentage Held by Institutions

    Only 39.62% of the stock of Melco Resorts & Entertainment is held by institutions.

  • Read more about Melco Resorts & Entertainment's insider trading history.
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MLCO Stock News Headlines

Melco Resorts Sees Strong Q3 Growth Amid Macau Recovery
DeFi Coin on Verge of Breakout!
The blueprint for millionaires is here. Don't let this be the missed opportunity you regret for years.
Melco Resorts & Entertainment (MLCO) Gets a Buy from Seaport Global
Melco Resorts Reports Strong Q3 2024 Earnings
See More Headlines

MLCO Stock Analysis - Frequently Asked Questions

Melco Resorts & Entertainment's stock was trading at $8.87 at the start of the year. Since then, MLCO stock has decreased by 29.2% and is now trading at $6.28.
View the best growth stocks for 2024 here
.

Melco Resorts & Entertainment Limited (NASDAQ:MLCO) announced its earnings results on Tuesday, August, 13th. The company reported $0.05 earnings per share for the quarter, missing analysts' consensus estimates of $0.10 by $0.05. Melco Resorts & Entertainment's revenue for the quarter was up 22.3% on a year-over-year basis.

Top institutional investors of Melco Resorts & Entertainment include Coronation Fund Managers Ltd. (2.95%), Healthcare of Ontario Pension Plan Trust Fund (0.39%), BNP Paribas Financial Markets (0.15%) and UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC (0.09%).

Shares of MLCO stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Based on aggregate information from My MarketBeat watchlists, some other companies that Melco Resorts & Entertainment investors own include Meta Platforms (META), NVIDIA (NVDA), Advanced Micro Devices (AMD), Netflix (NFLX), Tesla (TSLA), Cisco Systems (CSCO) and Intel (INTC).

Company Calendar

Last Earnings
8/13/2024
Today
11/14/2024
Fiscal Year End
12/31/2024
Next Earnings (Estimated)
3/06/2025

Industry, Sector and Symbol

Industry
Hotels & motels
Sub-Industry
N/A
Current Symbol
NASDAQ:MLCO
Employees
20,209
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$9.82
High Stock Price Target
$14.00
Low Stock Price Target
$7.00
Potential Upside/Downside
+59.7%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.80
Research Coverage
5 Analysts

Profitability

Net Income
$-326,920,000.00
Pretax Margin
-4.04%

Debt

Sales & Book Value

Annual Sales
$3.78 billion
Cash Flow
$1.19 per share
Book Value
($2.02) per share

Miscellaneous

Free Float
188,985,000
Market Cap
$2.71 billion
Optionable
Optionable
Beta
1.07
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This page (NASDAQ:MLCO) was last updated on 11/14/2024 by MarketBeat.com Staff
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