How Have the Numbers Shaped Up for Melco Resorts & Entertainment Stock Forecast, Price & News (NASDAQ:MLCO)

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Earnings results for Melco Resorts & Entertainment Stock Forecast, Price & News (NASDAQ:MLCO)

Estimate Momentum measures change in analyst sentiment over time and may be an indicator of future price movements. The Change in Consensus chart shows the current, 1 week ago, and 1 month ago consensus earnings per share (EPS*) forecasts. For the fiscal quarter endingJun 2020 , the consensus EPS* forecast has remained the same over the past week at -1.15 and decreased over the past month from -1.11 to -1.15(3.60%). Of the 1 analysts making quarterly forecasts, none raised and 0 lowered their forecast. For the fiscal year ending Dec 2020 , the consensus EPS* forecast has remained the same over the past week at -1.42 and remained the same over the past month at -1.42 . none raised and none lowered their forecast.

Melco Resorts & Entertainment last posted its earnings data on May 14th, 2020. The reported ($0.72) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.59) by $0.13. The company earned $811.18 million during the quarter, compared to analyst estimates of $631.64 million. Melco Resorts & Entertainment has generated $0.94 earnings per share over the last year. Melco Resorts & Entertainment has confirmed that its next quarterly earnings report will be published on Thursday, August 20th, 2020.

Analyst Opinion on Melco Resorts & Entertainment Stock Forecast, Price & News (NASDAQ:MLCO)

6 Wall Street analysts have issued ratings and price targets for Melco Resorts & Entertainment in the last 12 months. Their average twelve-month price target is $23.30, predicting that the stock has a possible upside of 21.16%. The high price target for MLCO is $27.00 and the low price target for MLCO is $20.00. There are currently 6 buy ratings for the stock, resulting in a consensus rating of “Buy.”

Melco Resorts & Entertainment has received a consensus rating of Buy. The company’s average rating score is 3.00, and is based on 6 buy ratings, no hold ratings, and no sell ratings. According to analysts’ consensus price target of $23.30, Melco Resorts & Entertainment has a forecasted upside of 21.2% from its current price of $19.23. Melco Resorts & Entertainment has only been the subject of 2 research reports in the past 90 days.

Dividend Strength: Melco Resorts & Entertainment Stock Forecast, Price & News (NASDAQ:MLCO)

Melco Resorts & Entertainment pays a meaningful dividend of 1.72%, higher than the bottom 25% of all stocks that pay dividends. Melco Resorts & Entertainment has only been increasing its dividend for 2 years. The dividend payout ratio of Melco Resorts & Entertainment is 35.11%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Melco Resorts & Entertainment will have a dividend payout ratio of 61.11% next year. This indicates that Melco Resorts & Entertainment will be able to sustain or increase its dividend.

Insiders buying/selling: Melco Resorts & Entertainment Stock Forecast, Price & News (NASDAQ:MLCO)

In the past three months, Melco Resorts & Entertainment insiders have not sold or bought any company stock. 37.10% of the stock of Melco Resorts & Entertainment is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

Earnings and Valuation of Melco Resorts & Entertainment Stock Forecast, Price & News (NASDAQ:MLCO

Earnings for Melco Resorts & Entertainment are expected to grow in the coming year, from ($1.42) to $0.54 per share. The P/E ratio of Melco Resorts & Entertainment is -83.61, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings. The P/E ratio of Melco Resorts & Entertainment is -83.61, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings. Melco Resorts & Entertainment has a P/B Ratio of 3.02. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

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