Melco Resorts & Entertainment (MLCO) to Release Earnings on Thursday

Melco Resorts & Entertainment (NASDAQ:MLCO) is projected to issue its quarterly earnings data before the market opens on Thursday, February 27th. Analysts expect the company to announce earnings of $0.08 per share and revenue of $1.18 billion for the quarter. Parties that are interested in participating in the company’s conference call can do so using this link.

Melco Resorts & Entertainment Price Performance

MLCO stock traded down $0.11 during mid-day trading on Tuesday, hitting $5.65. 1,612,173 shares of the stock were exchanged, compared to its average volume of 4,119,686. The stock has a market capitalization of $2.37 billion, a price-to-earnings ratio of -25.61, a PEG ratio of 0.63 and a beta of 1.04. The business has a fifty day moving average price of $5.76 and a 200 day moving average price of $6.17. Melco Resorts & Entertainment has a 12 month low of $4.78 and a 12 month high of $8.90.

Analyst Upgrades and Downgrades

A number of brokerages have commented on MLCO. Susquehanna reduced their price target on shares of Melco Resorts & Entertainment from $10.00 to $9.00 and set a “positive” rating on the stock in a research report on Monday, February 3rd. Morgan Stanley reaffirmed an “equal weight” rating and set a $7.50 target price (down previously from $9.60) on shares of Melco Resorts & Entertainment in a report on Tuesday, December 17th. Finally, Citigroup downgraded shares of Melco Resorts & Entertainment from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $10.00 to $6.00 in a research note on Monday, February 10th. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $7.40.

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.