What is Seaport Res Ptn’s Forecast for MLCO FY2027 Earnings?

Melco Resorts & Entertainment Limited (NASDAQ:MLCO) – Seaport Res Ptn upped their FY2027 earnings per share (EPS) estimates for shares of Melco Resorts & Entertainment in a research note issued on Wednesday, October 1st. Seaport Res Ptn analyst V. Umansky now expects that the company will post earnings per share of $1.09 for the year, up from their previous forecast of $0.91. The consensus estimate for Melco Resorts & Entertainment’s current full-year earnings is $0.16 per share.

Melco Resorts & Entertainment (NASDAQ:MLCO) last announced its quarterly earnings data on Thursday, July 31st. The company reported $0.23 earnings per share for the quarter, beating the consensus estimate of $0.09 by $0.14. The company had revenue of $1.33 billion during the quarter, compared to analysts’ expectations of $1.20 billion. Melco Resorts & Entertainment had a negative return on equity of 18.47% and a net margin of 1.15%.Melco Resorts & Entertainment’s revenue for the quarter was up 14.5% compared to the same quarter last year. During the same quarter last year, the company earned $0.05 EPS.

Several other research firms have also recently weighed in on MLCO. Citigroup raised their target price on shares of Melco Resorts & Entertainment from $11.00 to $11.50 and gave the company a “buy” rating in a research note on Friday, August 1st. Zacks Research upgraded shares of Melco Resorts & Entertainment from a “hold” rating to a “strong-buy” rating in a research note on Thursday, September 4th. CLSA raised shares of Melco Resorts & Entertainment from a “hold” rating to an “outperform” rating in a report on Wednesday, September 3rd. JPMorgan Chase & Co. upgraded shares of Melco Resorts & Entertainment from a “neutral” rating to an “overweight” rating and raised their target price for the company from $7.20 to $9.50 in a research note on Tuesday, July 1st. Finally, Wall Street Zen cut Melco Resorts & Entertainment from a “buy” rating to a “hold” rating in a report on Friday, September 26th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $8.15.

Melco Resorts & Entertainment Stock Down 4.2%

MLCO stock opened at $8.93 on Thursday. The business has a 50 day moving average price of $9.29 and a two-hundred day moving average price of $7.34. The company has a market cap of $3.75 billion, a price-to-earnings ratio of 68.70 and a beta of 0.71. Melco Resorts & Entertainment has a twelve month low of $4.55 and a twelve month high of $10.15.

Institutional Trading of Melco Resorts & Entertainment

Several hedge funds and other institutional investors have recently modified their holdings of MLCO. Caitong International Asset Management Co. Ltd bought a new stake in shares of Melco Resorts & Entertainment during the 1st quarter worth about $34,000. FNY Investment Advisers LLC bought a new stake in shares of Melco Resorts & Entertainment during the second quarter worth approximately $38,000. Brown Advisory Inc. bought a new stake in shares of Melco Resorts & Entertainment during the first quarter worth approximately $53,000. Aigen Investment Management LP bought a new stake in shares of Melco Resorts & Entertainment during the first quarter worth approximately $59,000. Finally, Solstein Capital LLC boosted its stake in Melco Resorts & Entertainment by 74.9% in the 2nd quarter. Solstein Capital LLC now owns 9,340 shares of the company’s stock valued at $68,000 after purchasing an additional 4,000 shares during the period. Institutional investors own 39.62% of the company’s stock.

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.