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

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.

Key Stats

• Today's Range: $6.08 to $6.24
• 50-Day Range: $5.95 to $7.71
• 52-Week Range: $4.78 to $9.56
• Volume: 1.45 million shs
• Average Volume: 3.51 million shs
• Market Capitalization: $2.58 billion
• P/E Ratio: N/A
• Dividend Yield: N/A
• Price Target: $9.40
• Consensus Rating: Moderate Buy

Melco Resorts & Entertainment Stock Analysis - MarketRank™

Melco Resorts & Entertainment scored higher than 82% of companies evaluated by MarketBeat, and ranked 68th out of 287 stocks in the consumer discretionary sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 3.3 / 5
• Analyst Rating: Moderate Buy

Consensus Rating

Melco Resorts & Entertainment has received a consensus rating of Moderate Buy. The company's average rating score is 2.60, and is based on 3 buy ratings, 2 hold ratings, and no sell ratings.

Amount of Analyst Coverage

Melco Resorts & Entertainment has only been the subject of 1 research reports in the past 90 days.

Earnings and Valuation

• Score: 2.5 / 5
• Proj. Earnings Growth: 100.00%

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 -27.95, 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 -27.95, 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 0.98. PEG Ratios around 1 indicate that a company is correctly valued.

Short Interest

• Score: 5.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

2.27% 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 2.7, 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 decreased by 13.91%, indicating that investor sentiment is improving significantly.

Dividend

• Score: 0.0 / 5
• Dividend Strength: Weak

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.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

2.27% 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 2.7, 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 decreased by 13.91%, indicating that investor sentiment is improving significantly.

News and Social Media

• Score: 3.6 / 5
• News Sentiment: 1.45

News Sentiment

Melco Resorts & Entertainment has a news sentiment score of 1.45. 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 is a higher news sentiment than the 0.62 average news sentiment score of Consumer Discretionary companies.

News Coverage This Week

MarketBeat has tracked 5 news articles for Melco Resorts & Entertainment this week, compared to 4 articles on an average week.

Search Interest

Only 4 people have searched for MLCO on MarketBeat in the last 30 days. This is a decrease of -20% compared to the previous 30 days.

MarketBeat Follows

3 people have added Melco Resorts & Entertainment to their MarketBeat watchlist in the last 30 days. This is an increase of 200% compared to the previous 30 days.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: N/A

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.

MLCO Stock Analysis - Frequently Asked Questions

How have MLCO shares performed this year?

Melco Resorts & Entertainment's stock was trading at $8.87 on January 1st, 2024. Since then, MLCO stock has decreased by 30.7% and is now trading at $6.15.
View the best growth stocks for 2024 here.

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

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

Who are Melco Resorts & Entertainment's major shareholders?

Top institutional shareholders of Melco Resorts & Entertainment include ARGA Investment Management LP (6.63%), Coronation Fund Managers Ltd. (2.95%), Invenomic Capital Management LP (0.42%) and State Street Corp (0.42%).

How do I buy shares of Melco Resorts & Entertainment?

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.

What other stocks do shareholders of Melco Resorts & Entertainment own?

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: 12/21/2024
• Fiscal Year End: 12/31/2024

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Consumer Discretionary
• Industry: Hotels & motels
• Sub-Industry: N/A
• Current Symbol: NASDAQ:MLCO
• CUSIP: N/A
• CIK: 1381640
• Web: www.melco-resorts.com
• Phone: 852-2598-3600
• Fax: 852-2537-3618
• Employees: 20,209
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $9.40
• High Stock Price Target: $14.00
• Low Stock Price Target: $7.00
• Potential Upside/Downside: +52.8%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.60
• Research Coverage: 5 Analysts

Profitability

• EPS (Most Recent Fiscal Year): ($0.22)
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: 36.18
• P/E Growth: 0.98
• Net Income: $-326,920,000.00
• Net Margins: -2.04%
• Pretax Margin: -4.04%
• Return on Equity: -16.35%
• Return on Assets: 1.73%

Debt

• Debt-to-Equity Ratio: N/A
• Current Ratio: 1.19
• Quick Ratio: 1.16

Sales & Book Value

• Annual Sales: $4.54 billion
• Price / Sales: 0.57
• Cash Flow: $1.10 per share
• Price / Cash Flow: 5.57
• Book Value: ($1.90) per share
• Price / Book: -3.24

Miscellaneous

• Outstanding Shares: 419,709,000
• Free Float: 180,097,000
• Market Cap: $2.58 billion
• Optionable: Optionable
• Beta: 1.05