Shares of Melco Resorts & Entertainment Limited (NASDAQ:MLCO – Get Free Report) have been given a consensus recommendation of “Moderate Buy” by the five brokerages that are currently covering the firm, MarketBeat reports. Two research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $14.78.
Several equities analysts have recently commented on MLCO shares. Morgan Stanley restated an “equal weight” rating and issued a $9.60 price objective on shares of Melco Resorts & Entertainment in a research report on Tuesday, January 2nd. StockNews.com upgraded Melco Resorts & Entertainment from a “sell” rating to a “hold” rating in a research report on Friday, April 5th.
View Our Latest Stock Analysis on MLCO
Institutional Investors Weigh In On Melco Resorts & Entertainment
Melco Resorts & Entertainment Stock Performance
NASDAQ:MLCO opened at $6.27 on Thursday. The stock has a 50-day simple moving average of $7.37 and a two-hundred day simple moving average of $7.91. Melco Resorts & Entertainment has a 52-week low of $6.10 and a 52-week high of $14.00. The firm has a market capitalization of $2.79 billion, a PE ratio of -9.95 and a beta of 1.11.
Melco Resorts & Entertainment (NASDAQ:MLCO – Get Free Report) last announced its quarterly earnings data on Thursday, February 29th. The company reported $0.13 EPS for the quarter, beating the consensus estimate of $0.03 by $0.10. The business had revenue of $1.09 billion during the quarter, compared to analysts’ expectations of $1.14 billion. During the same quarter in the previous year, the firm earned ($0.51) earnings per share. Melco Resorts & Entertainment’s revenue was up 224.4% on a year-over-year basis. Equities analysts forecast that Melco Resorts & Entertainment will post 0.28 earnings per share for the current fiscal year.
About Melco Resorts & Entertainment
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.
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