Press coverage about Melco Resorts & Entertainment (NASDAQ:MLCO) has trended somewhat positive on Saturday, according to Accern Sentiment Analysis. The research firm scores the sentiment of news coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Melco Resorts & Entertainment earned a media sentiment score of 0.09 on Accern’s scale. Accern also assigned media coverage about the company an impact score of 46.1428363782408 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
These are some of the headlines that may have impacted Accern Sentiment Analysis’s scoring:
- Form 6-K Melco Resorts & Entertai For: Sep 05 (streetinsider.com)
- Financial Analysis: Melco Resorts & Entertainment (MLCO) versus Monarch Casino & Resort (MCRI) (americanbankingnews.com)
- Melco Resorts & Entertainment Limited (NasdaqGS:MLCO) Earnings & Valuation in Perspective as EBITDA Hits … (cantoncaller.com)
- Investors expect higher earnings growth on Melco Resorts & Entertainment Limited (MLCO) (nasdaqplace.com)
Several analysts have recently issued reports on the stock. BidaskClub cut shares of Melco Resorts & Entertainment from a “hold” rating to a “sell” rating in a research note on Thursday, June 28th. ValuEngine cut shares of Melco Resorts & Entertainment from a “hold” rating to a “sell” rating in a research note on Friday. Nomura lowered their price objective on shares of Melco Resorts & Entertainment from $42.00 to $32.00 and set a “buy” rating for the company in a research note on Monday, July 9th. Zacks Investment Research cut shares of Melco Resorts & Entertainment from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 4th. Finally, Bank of America reaffirmed a “buy” rating and set a $35.10 price target (up from $34.40) on shares of Melco Resorts & Entertainment in a research report on Tuesday, July 24th. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and nine have assigned a buy rating to the company. Melco Resorts & Entertainment has a consensus rating of “Buy” and an average target price of $33.16.
Shares of Melco Resorts & Entertainment stock opened at $21.14 on Friday. The company has a debt-to-equity ratio of 1.05, a current ratio of 1.04 and a quick ratio of 1.02. Melco Resorts & Entertainment has a twelve month low of $20.46 and a twelve month high of $32.95. The firm has a market cap of $11.39 billion, a P/E ratio of 22.98, a price-to-earnings-growth ratio of 1.67 and a beta of 1.53.
Melco Resorts & Entertainment (NASDAQ:MLCO) last announced its quarterly earnings results on Tuesday, July 24th. The company reported $0.20 earnings per share for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.05). Melco Resorts & Entertainment had a return on equity of 15.47% and a net margin of 7.83%. The business had revenue of $1.23 billion for the quarter, compared to analysts’ expectations of $1.31 billion. During the same period last year, the company posted $0.07 earnings per share. The firm’s revenue for the quarter was down 5.3% on a year-over-year basis. sell-side analysts expect that Melco Resorts & Entertainment will post 1.15 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, August 15th. Investors of record on Monday, August 6th were given a dividend of $0.145 per share. This represents a $0.58 dividend on an annualized basis and a yield of 2.74%. This is a boost from Melco Resorts & Entertainment’s previous quarterly dividend of $0.14. The ex-dividend date was Friday, August 3rd. Melco Resorts & Entertainment’s dividend payout ratio is 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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