Melco Resorts & Entertainment (MLCO) Expected to Announce Earnings on Thursday

Melco Resorts & Entertainment (NASDAQ:MLCO) is expected to post its quarterly earnings results before the market opens on Thursday, February 27th. Analysts expect Melco Resorts & Entertainment to post earnings of $0.08 per share and revenue of $1.18 billion for the quarter. Individual interested in registering for the company’s earnings conference call can do so using this link.

Melco Resorts & Entertainment Stock Performance

Shares of MLCO opened at $5.60 on Wednesday. The company has a market capitalization of $2.35 billion, a P/E ratio of -25.45, a P/E/G ratio of 0.63 and a beta of 1.04. Melco Resorts & Entertainment has a one year low of $4.78 and a one year high of $8.90. The stock has a 50-day moving average price of $5.74 and a 200 day moving average price of $6.17.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. Susquehanna reduced their price target on Melco Resorts & Entertainment from $10.00 to $9.00 and set a “positive” rating for the company in a report on Monday, February 3rd. Citigroup downgraded Melco Resorts & Entertainment from a “buy” rating to a “neutral” rating and reduced their price target for the company from $10.00 to $6.00 in a report on Monday, February 10th. Finally, 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. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target 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.