Seaport Res Ptn Issues Optimistic Estimate for MLCO Earnings

Melco Resorts & Entertainment Limited (NASDAQ:MLCO) – Stock analysts at Seaport Res Ptn upped their FY2026 earnings per share (EPS) estimates for Melco Resorts & Entertainment in a report issued on Wednesday, October 1st. Seaport Res Ptn analyst V. Umansky now expects that the company will earn $0.79 per share for the year, up from their previous forecast of $0.55. 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 earnings results on Thursday, July 31st. The company reported $0.23 EPS for the quarter, beating the consensus estimate of $0.09 by $0.14. Melco Resorts & Entertainment had a negative return on equity of 18.47% and a net margin of 1.15%.The business had revenue of $1.33 billion for the quarter, compared to the consensus estimate of $1.20 billion. During the same period last year, the business posted $0.05 EPS. The company’s revenue was up 14.5% on a year-over-year basis.

A number of other equities analysts have also recently weighed in on MLCO. Zacks Research raised shares of Melco Resorts & Entertainment from a “hold” rating to a “strong-buy” rating in a research report on Thursday, September 4th. Weiss Ratings reissued a “sell (d)” rating on shares of Melco Resorts & Entertainment in a research report on Saturday, September 27th. CLSA raised shares of Melco Resorts & Entertainment from a “hold” rating to an “outperform” rating in a report on Wednesday, September 3rd. Wall Street Zen downgraded shares of Melco Resorts & Entertainment from a “buy” rating to a “hold” rating in a research note on Friday, September 26th. Finally, Susquehanna boosted their target price on shares of Melco Resorts & Entertainment from $8.00 to $10.00 and gave the stock a “positive” rating in a research report on Wednesday, July 30th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, one has given a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $8.15.

Melco Resorts & Entertainment Trading Down 5.6%

Shares of MLCO stock opened at $8.43 on Friday. The firm has a fifty day simple moving average of $9.28 and a 200-day simple moving average of $7.36. The company has a market capitalization of $3.54 billion, a PE ratio of 64.85 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 Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the business. ARGA Investment Management LP lifted its stake in Melco Resorts & Entertainment by 0.4% in the first quarter. ARGA Investment Management LP now owns 29,760,953 shares of the company’s stock valued at $156,840,000 after buying an additional 108,529 shares during the last quarter. Nuveen LLC acquired a new stake in shares of Melco Resorts & Entertainment in the 1st quarter worth about $31,946,000. Goldman Sachs Group Inc. lifted its position in Melco Resorts & Entertainment by 16.4% in the 1st quarter. Goldman Sachs Group Inc. now owns 6,015,200 shares of the company’s stock valued at $31,700,000 after purchasing an additional 846,504 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its stake in Melco Resorts & Entertainment by 1,819.4% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 5,497,684 shares of the company’s stock valued at $39,748,000 after purchasing an additional 5,211,263 shares during the period. Finally, Brightlight Capital Management LP acquired a new position in Melco Resorts & Entertainment during the 1st quarter valued at about $15,141,000. 39.62% of the stock is owned by institutional investors and hedge funds.

Melco Resorts & Entertainment Company Profile

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.