Wall Street analysts expect Melco Resorts & Entertainment Limited (NASDAQ:MLCO) to announce $0.25 earnings per share for the current quarter, according to Zacks Investment Research. Two analysts have issued estimates for Melco Resorts & Entertainment’s earnings, with the highest EPS estimate coming in at $0.31 and the lowest estimate coming in at $0.18. Melco Resorts & Entertainment reported earnings per share of $0.34 during the same quarter last year, which would suggest a negative year-over-year growth rate of 26.5%. The company is expected to announce its next quarterly earnings report on Thursday, May 2nd.

According to Zacks, analysts expect that Melco Resorts & Entertainment will report full-year earnings of $0.93 per share for the current fiscal year, with EPS estimates ranging from $0.65 to $1.18. For the next financial year, analysts forecast that the business will post earnings of $1.16 per share, with EPS estimates ranging from $0.78 to $1.36. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research analysts that follow Melco Resorts & Entertainment.

Melco Resorts & Entertainment (NASDAQ:MLCO) last released its earnings results on Tuesday, February 19th. The company reported $0.27 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.23 by $0.04. The company had revenue of $1.40 billion during the quarter, compared to the consensus estimate of $1.37 billion. Melco Resorts & Entertainment had a net margin of 6.81% and a return on equity of 13.92%. The company’s revenue was up 4.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.17 EPS.

A number of brokerages recently weighed in on MLCO. BidaskClub raised shares of Melco Resorts & Entertainment from a “sell” rating to a “hold” rating in a research report on Tuesday, April 9th. Macquarie began coverage on shares of Melco Resorts & Entertainment in a research report on Monday, April 8th. They set an “outperform” rating and a $25.10 price objective for the company. Zacks Investment Research downgraded shares of Melco Resorts & Entertainment from a “buy” rating to a “hold” rating in a research report on Wednesday, March 27th. TheStreet raised shares of Melco Resorts & Entertainment from a “c+” rating to a “b” rating in a research report on Wednesday, February 20th. Finally, Deutsche Bank set a $24.00 price objective on shares of Melco Resorts & Entertainment and gave the company a “buy” rating in a research report on Wednesday, February 20th. Four analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $27.80.

MLCO opened at $25.79 on Wednesday. The company has a quick ratio of 0.90, a current ratio of 0.92 and a debt-to-equity ratio of 1.43. Melco Resorts & Entertainment has a 1-year low of $15.33 and a 1-year high of $32.95. The stock has a market capitalization of $12.75 billion, a PE ratio of 28.98, a P/E/G ratio of 1.47 and a beta of 1.62.

Large investors have recently made changes to their positions in the stock. Ayalon Holdings Ltd. acquired a new position in Melco Resorts & Entertainment during the 4th quarter valued at about $58,000. Gulf International Bank UK Ltd boosted its stake in Melco Resorts & Entertainment by 14.7% during the 1st quarter. Gulf International Bank UK Ltd now owns 5,450 shares of the company’s stock valued at $123,000 after purchasing an additional 700 shares during the period. Advisors Asset Management Inc. boosted its stake in Melco Resorts & Entertainment by 60.6% during the 4th quarter. Advisors Asset Management Inc. now owns 5,941 shares of the company’s stock valued at $105,000 after purchasing an additional 2,242 shares during the period. Executive Wealth Management LLC acquired a new position in Melco Resorts & Entertainment during the 4th quarter valued at about $131,000. Finally, Almanack Investment Partners LLC. acquired a new position in Melco Resorts & Entertainment during the 4th quarter valued at about $130,000. 32.97% of the stock is owned by institutional investors and hedge funds.

Melco Resorts & Entertainment Company Profile

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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