Equities analysts expect Melco Resorts & Entertainment Limited (NASDAQ:MLCO) to announce $0.25 earnings per share for the current quarter, according to Zacks. Two analysts have made estimates for Melco Resorts & Entertainment’s earnings. The highest EPS estimate is $0.31 and the lowest is $0.18. Melco Resorts & Entertainment reported earnings per share of $0.34 in the same quarter last year, which would indicate a negative year-over-year growth rate of 26.5%. The company is scheduled to issue its next quarterly earnings results 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 fiscal year, analysts anticipate that the firm will post earnings of $1.16 per share, with EPS estimates ranging from $0.78 to $1.36. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side research firms that that provide coverage for Melco Resorts & Entertainment.

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

MLCO has been the topic of several analyst reports. Zacks Investment Research lowered shares of Melco Resorts & Entertainment from a “buy” rating to a “hold” rating in a research report on Friday, February 8th. CLSA raised shares of Melco Resorts & Entertainment from a “sell” rating to an “underperform” rating in a research report on Thursday, January 3rd. BidaskClub raised shares of Melco Resorts & Entertainment from a “sell” rating to a “hold” rating in a research report on Friday, January 11th. Daiwa Capital Markets initiated coverage on shares of Melco Resorts & Entertainment in a research report on Wednesday, January 23rd. They set an “outperform” rating on the stock. Finally, China Renaissance Securities raised shares of Melco Resorts & Entertainment from a “hold” rating to a “buy” rating in a research report on Tuesday, February 19th. Four equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $27.80.

MLCO traded up $0.51 during trading hours on Wednesday, hitting $26.42. 2,097,284 shares of the company’s stock were exchanged, compared to its average volume of 2,685,632. 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 $12.81 billion, a price-to-earnings ratio of 29.69, a PEG ratio of 1.47 and a beta of 1.62. The company has a current ratio of 0.92, a quick ratio of 0.90 and a debt-to-equity ratio of 1.43.

Several institutional investors and hedge funds have recently modified their holdings of MLCO. Boston Partners raised its position in shares of Melco Resorts & Entertainment by 650.4% in the fourth quarter. Boston Partners now owns 4,969,419 shares of the company’s stock valued at $87,561,000 after purchasing an additional 4,307,173 shares during the period. Coronation Fund Managers Ltd. bought a new position in shares of Melco Resorts & Entertainment in the fourth quarter valued at about $66,986,000. Perpetual Ltd raised its position in shares of Melco Resorts & Entertainment by 145.0% in the fourth quarter. Perpetual Ltd now owns 1,961,069 shares of the company’s stock valued at $34,358,000 after purchasing an additional 1,160,773 shares during the period. Clearbridge Investments LLC raised its position in shares of Melco Resorts & Entertainment by 56,184.1% in the third quarter. Clearbridge Investments LLC now owns 932,627 shares of the company’s stock valued at $19,725,000 after purchasing an additional 930,970 shares during the period. Finally, Hardman Johnston Global Advisors LLC raised its position in shares of Melco Resorts & Entertainment by 8.8% in the fourth quarter. Hardman Johnston Global Advisors LLC now owns 10,759,685 shares of the company’s stock valued at $189,586,000 after purchasing an additional 867,250 shares during the period. 32.97% of the stock is currently owned by institutional investors.

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.

Featured Story: What is a Roth IRA?

Get a free copy of the Zacks research report on Melco Resorts & Entertainment (MLCO)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Melco Resorts & Entertainment Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Melco Resorts & Entertainment and related companies with MarketBeat.com's FREE daily email newsletter.