Melco Resorts & Entertainment Ltd (NASDAQ:MLCO) – Research analysts at Gabelli issued their FY2022 earnings per share (EPS) estimates for shares of Melco Resorts & Entertainment in a note issued to investors on Friday. Gabelli analyst A. Trivison forecasts that the company will post earnings per share of $1.90 for the year.

MLCO has been the subject of a number of other reports. Roth Capital started coverage on shares of Melco Resorts & Entertainment in a research report on Wednesday, November 1st. They set a “buy” rating and a $34.00 price target for the company. Zacks Investment Research lowered shares of Melco Resorts & Entertainment from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. BidaskClub lowered shares of Melco Resorts & Entertainment from a “buy” rating to a “hold” rating in a research report on Thursday, January 4th. Goldman Sachs Group raised shares of Melco Resorts & Entertainment from a “neutral” rating to a “buy” rating in a research report on Sunday, February 4th. Finally, JPMorgan Chase & Co. raised shares of Melco Resorts & Entertainment from a “neutral” rating to an “overweight” rating and set a $32.00 price target for the company in a research report on Tuesday, December 19th. Four equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $27.03.

Melco Resorts & Entertainment (MLCO) traded up $0.29 on Monday, reaching $27.11. 2,678,600 shares of the company’s stock were exchanged, compared to its average volume of 3,548,515. Melco Resorts & Entertainment has a 12 month low of $16.00 and a 12 month high of $30.49. The company has a quick ratio of 1.07, a current ratio of 1.10 and a debt-to-equity ratio of 1.13. The stock has a market cap of $13,860.00, a price-to-earnings ratio of 40.17, a PEG ratio of 1.96 and a beta of 1.71.

Melco Resorts & Entertainment (NASDAQ:MLCO) last announced its quarterly earnings data on Thursday, February 8th. The company reported $0.20 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.23 by ($0.03). Melco Resorts & Entertainment had a net margin of 6.47% and a return on equity of 13.83%. The company had revenue of $1.33 billion during the quarter, compared to analysts’ expectations of $1.36 billion. The firm’s quarterly revenue was up 11.7% on a year-over-year basis.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 7th. Stockholders of record on Tuesday, February 20th will be issued a dividend of $0.135 per share. This represents a $0.54 annualized dividend and a dividend yield of 1.99%. This is a positive change from Melco Resorts & Entertainment’s previous quarterly dividend of $0.02. The ex-dividend date of this dividend is Friday, February 16th. Melco Resorts & Entertainment’s payout ratio is 50.00%.

A number of institutional investors have recently added to or reduced their stakes in the stock. Advisor Group Inc. grew its stake in Melco Resorts & Entertainment by 17.2% in the 3rd quarter. Advisor Group Inc. now owns 15,863 shares of the company’s stock valued at $383,000 after acquiring an additional 2,324 shares during the period. Financial Counselors Inc. grew its stake in Melco Resorts & Entertainment by 23.6% in the 4th quarter. Financial Counselors Inc. now owns 12,617 shares of the company’s stock valued at $366,000 after acquiring an additional 2,406 shares during the period. American International Group Inc. grew its stake in Melco Resorts & Entertainment by 9.3% in the 4th quarter. American International Group Inc. now owns 30,776 shares of the company’s stock valued at $894,000 after acquiring an additional 2,624 shares during the period. Sumitomo Mitsui Asset Management Company LTD grew its stake in Melco Resorts & Entertainment by 18.8% in the 4th quarter. Sumitomo Mitsui Asset Management Company LTD now owns 22,001 shares of the company’s stock valued at $638,000 after acquiring an additional 3,487 shares during the period. Finally, Canada Pension Plan Investment Board acquired a new stake in Melco Resorts & Entertainment in the 3rd quarter valued at $112,000. 40.61% of the stock is currently owned by hedge funds and other institutional investors.

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Melco Resorts & Entertainment Company Profile

Melco Resorts & Entertainment Limited, formerly Melco Crown Entertainment Limited, is a holding company. The Company, through its subsidiaries, develops, owns and operates casino gaming and entertainment casino resort facilities in Asia. It is principally engaged in the gaming and hospitality business in Asia and its principal operating and developmental activities occur in over two geographic areas, which include Macau and the Philippines.

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