Melco Resorts & Entertainment (MLCO) Scheduled to Post Quarterly Earnings on Tuesday

Melco Resorts & Entertainment (NASDAQ:MLCO) is scheduled to be releasing its earnings data before the market opens on Tuesday, April 30th. Analysts expect Melco Resorts & Entertainment to post earnings of $0.02 per share for the quarter. Persons that are interested in participating in the company’s earnings conference call can do so using this link.

Melco Resorts & Entertainment (NASDAQ:MLCO) last posted its quarterly earnings results on Thursday, February 29th. The company reported $0.13 EPS for the quarter, beating the consensus estimate of $0.03 by $0.10. The company had revenue of $1.09 billion for the quarter, compared to analysts’ expectations of $1.14 billion. During the same quarter in the prior year, the firm earned ($0.51) earnings per share. The company’s revenue was up 224.4% on a year-over-year basis. On average, analysts expect Melco Resorts & Entertainment to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Melco Resorts & Entertainment Stock Up 0.5 %

Melco Resorts & Entertainment stock opened at $6.34 on Friday. The company’s fifty day simple moving average is $7.27 and its 200-day simple moving average is $7.87. Melco Resorts & Entertainment has a 12 month low of $6.10 and a 12 month high of $14.00. The stock has a market cap of $2.82 billion, a P/E ratio of -10.06 and a beta of 1.11.

Analyst Upgrades and Downgrades

MLCO has been the subject of a number of recent research reports. Morgan Stanley reiterated an “equal weight” rating and issued a $9.60 price objective on shares of Melco Resorts & Entertainment in a report on Tuesday, January 2nd. StockNews.com upgraded shares of Melco Resorts & Entertainment from a “sell” rating to a “hold” rating in a report on Friday, April 5th. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $14.78.

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.