Wall Street analysts predict that Melco Resorts & Entertainment Limited (NASDAQ:MLCO) will announce $0.27 earnings per share for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for Melco Resorts & Entertainment’s earnings. The highest EPS estimate is $0.38 and the lowest is $0.16. Melco Resorts & Entertainment posted earnings of $0.20 per share during the same quarter last year, which suggests a positive year-over-year growth rate of 35%. The firm is scheduled to issue its next earnings report on Thursday, February 14th.

According to Zacks, analysts expect that Melco Resorts & Entertainment will report full year earnings of $1.07 per share for the current year, with EPS estimates ranging from $0.60 to $1.39. For the next financial year, analysts forecast that the company will post earnings of $0.90 per share, with EPS estimates ranging from $0.53 to $1.57. Zacks’ earnings per share averages are a mean average based on a survey of research analysts that follow Melco Resorts & Entertainment.

Melco Resorts & Entertainment (NASDAQ:MLCO) last issued its quarterly earnings results on Thursday, November 8th. The company reported $0.04 EPS for the quarter, missing the consensus estimate of $0.22 by ($0.18). Melco Resorts & Entertainment had a return on equity of 11.89% and a net margin of 5.98%. The business had revenue of $1.22 billion during the quarter, compared to the consensus estimate of $1.34 billion. During the same quarter last year, the firm posted $0.24 earnings per share. Melco Resorts & Entertainment’s revenue was down 11.4% compared to the same quarter last year.

MLCO has been the topic of several research reports. BidaskClub cut shares of Melco Resorts & Entertainment from a “sell” rating to a “strong sell” rating in a research report on Saturday, August 11th. ValuEngine cut shares of Melco Resorts & Entertainment from a “hold” rating to a “sell” rating in a research report on Wednesday, August 15th. UBS Group downgraded Melco Resorts & Entertainment from a “buy” rating to a “neutral” rating in a report on Wednesday, September 12th. Sanford C. Bernstein cut their price objective on Melco Resorts & Entertainment from $34.50 to $27.00 and set an “outperform” rating on the stock in a report on Monday, September 17th. They noted that the move was a valuation call. Finally, HSBC set a $33.00 price objective on Melco Resorts & Entertainment and gave the stock a “buy” rating in a report on Tuesday, October 16th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and nine have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $32.30.

A number of hedge funds and other institutional investors have recently bought and sold shares of MLCO. Eqis Capital Management Inc. raised its holdings in Melco Resorts & Entertainment by 21.1% during the 2nd quarter. Eqis Capital Management Inc. now owns 49,105 shares of the company’s stock worth $1,375,000 after buying an additional 8,550 shares during the period. Raymond James Financial Services Advisors Inc. raised its holdings in Melco Resorts & Entertainment by 9.2% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 26,047 shares of the company’s stock worth $729,000 after buying an additional 2,198 shares during the period. TD Asset Management Inc. grew its stake in Melco Resorts & Entertainment by 4.0% during the 2nd quarter. TD Asset Management Inc. now owns 67,100 shares of the company’s stock valued at $1,879,000 after acquiring an additional 2,600 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. grew its stake in Melco Resorts & Entertainment by 1.0% during the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 795,558 shares of the company’s stock valued at $22,276,000 after acquiring an additional 8,085 shares in the last quarter. Finally, Picton Mahoney Asset Management grew its stake in Melco Resorts & Entertainment by 83.9% during the 2nd quarter. Picton Mahoney Asset Management now owns 230,200 shares of the company’s stock valued at $6,446,000 after acquiring an additional 105,000 shares in the last quarter. Hedge funds and other institutional investors own 36.24% of the company’s stock.

Melco Resorts & Entertainment stock traded down $0.92 during midday trading on Friday, hitting $17.04. The company’s stock had a trading volume of 2,265,506 shares, compared to its average volume of 3,332,902. The company has a current ratio of 0.97, a quick ratio of 0.95 and a debt-to-equity ratio of 1.36. Melco Resorts & Entertainment has a 12 month low of $15.33 and a 12 month high of $32.95. The stock has a market cap of $9.19 billion, a PE ratio of 18.52, a price-to-earnings-growth ratio of 1.34 and a beta of 1.64.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 29th. Shareholders of record on Monday, November 19th were issued a dividend of $0.1451 per share. This represents a $0.58 annualized dividend and a yield of 3.40%. The ex-dividend date of this dividend was Friday, November 16th. This is an increase from Melco Resorts & Entertainment’s previous quarterly dividend of $0.15. Melco Resorts & Entertainment’s payout ratio is presently 61.96%.

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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