Wall Street brokerages expect Melco Resorts & Entertainment Limited (NASDAQ:MLCO) to announce earnings per share of $0.27 for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for Melco Resorts & Entertainment’s earnings, with the highest EPS estimate coming in at $0.38 and the lowest estimate coming in at $0.16. Melco Resorts & Entertainment posted earnings per share of $0.20 in the same quarter last year, which indicates a positive year-over-year growth rate of 35%. The business is scheduled to issue its next quarterly earnings report on Thursday, February 14th.

According to Zacks, analysts expect that Melco Resorts & Entertainment will report full-year earnings of $0.92 per share for the current fiscal year, with EPS estimates ranging from $0.60 to $1.23. For the next financial year, analysts expect that the business will post earnings of $1.03 per share, with EPS estimates ranging from $0.53 to $1.57. Zacks’ earnings per share calculations are an average based on a survey of sell-side analysts that cover Melco Resorts & Entertainment.

Melco Resorts & Entertainment (NASDAQ:MLCO) last posted its earnings results on Thursday, November 8th. The company reported $0.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.18). The firm had revenue of $1.22 billion during the quarter, compared to analyst estimates of $1.34 billion. Melco Resorts & Entertainment had a net margin of 7.83% and a return on equity of 15.47%. The business’s quarterly revenue was down 11.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.24 earnings per share.

Several research firms have issued reports on MLCO. Zacks Investment Research upgraded shares of Melco Resorts & Entertainment from a “strong sell” rating to a “hold” rating in a research report on Thursday, July 26th. ValuEngine upgraded shares of Melco Resorts & Entertainment from a “sell” rating to a “hold” rating in a research report on Wednesday, August 22nd. BidaskClub lowered shares of Melco Resorts & Entertainment from a “sell” rating to a “strong sell” rating in a research report on Tuesday, October 9th. TheStreet lowered shares of Melco Resorts & Entertainment from a “b-” rating to a “c+” rating in a research report on Tuesday, October 30th. Finally, Bank of America restated a “buy” rating and issued a $35.10 price target (up from $34.40) on shares of Melco Resorts & Entertainment in a research report on Tuesday, July 24th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and nine have given a buy rating to the company’s stock. Melco Resorts & Entertainment has an average rating of “Buy” and an average target price of $32.73.

Several institutional investors have recently modified their holdings of the company. Raymond James Financial Services Advisors Inc. boosted its position in shares of 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 valued at $729,000 after acquiring an additional 2,198 shares in the last quarter. Standard Life Aberdeen plc boosted its position in shares of Melco Resorts & Entertainment by 1.9% during the 2nd quarter. Standard Life Aberdeen plc now owns 132,389 shares of the company’s stock valued at $3,707,000 after acquiring an additional 2,459 shares in the last quarter. Financial Counselors Inc. boosted its position in shares of Melco Resorts & Entertainment by 20.4% during the 2nd quarter. Financial Counselors Inc. now owns 15,186 shares of the company’s stock valued at $425,000 after acquiring an additional 2,569 shares in the last quarter. TD Asset Management Inc. boosted its position in shares of 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. Finally, Rothschild Investment Corp IL boosted its position in shares of Melco Resorts & Entertainment by 49.0% during the 3rd quarter. Rothschild Investment Corp IL now owns 10,730 shares of the company’s stock valued at $227,000 after acquiring an additional 3,530 shares in the last quarter. Institutional investors and hedge funds own 39.38% of the company’s stock.

NASDAQ MLCO opened at $15.60 on Wednesday. The company has a current ratio of 1.04, a quick ratio of 1.02 and a debt-to-equity ratio of 1.05. The firm has a market capitalization of $8.98 billion, a price-to-earnings ratio of 16.96, a P/E/G ratio of 1.53 and a beta of 1.64. Melco Resorts & Entertainment has a 52-week low of $15.33 and a 52-week high of $32.95.

The business also recently declared a quarterly dividend, which will be paid on Thursday, November 29th. Shareholders of record on Monday, November 19th will be given a $0.1451 dividend. This represents a $0.58 annualized dividend and a yield of 3.72%. This is a positive change from Melco Resorts & Entertainment’s previous quarterly dividend of $0.15. The ex-dividend date of this dividend is Friday, November 16th. Melco Resorts & Entertainment’s dividend payout ratio (DPR) is currently 61.96%.

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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