What is Seaport Res Ptn’s Estimate for MLCO FY2026 Earnings?

Melco Resorts & Entertainment Limited (NASDAQ:MLCO) – Equities research analysts at Seaport Res Ptn lowered their FY2026 earnings per share estimates for Melco Resorts & Entertainment in a report released on Friday, May 9th. Seaport Res Ptn analyst V. Umansky now anticipates that the company will post earnings per share of $0.20 for the year, down from their prior estimate of $0.26. The consensus estimate for Melco Resorts & Entertainment’s current full-year earnings is $0.16 per share.

Melco Resorts & Entertainment (NASDAQ:MLCO) last released its earnings results on Thursday, May 8th. The company reported $0.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.13. Melco Resorts & Entertainment had a negative return on equity of 16.35% and a negative net margin of 2.04%. The firm had revenue of $1.23 billion for the quarter, compared to analysts’ expectations of $1.21 billion. During the same quarter in the previous year, the business posted $0.04 earnings per share. The business’s revenue for the quarter was up 10.8% on a year-over-year basis.

Other research analysts have also recently issued research reports about the company. Morgan Stanley upgraded Melco Resorts & Entertainment from an “equal weight” rating to an “overweight” rating and decreased their target price for the company from $7.50 to $6.70 in a research report on Monday, March 3rd. Citigroup upgraded Melco Resorts & Entertainment from a “neutral” rating to a “buy” rating and set a $6.25 target price on the stock in a research report on Thursday, April 10th. Susquehanna decreased their target price on Melco Resorts & Entertainment from $10.00 to $9.00 and set a “positive” rating on the stock in a research report on Monday, February 3rd. Finally, UBS Group cut Melco Resorts & Entertainment from a “buy” rating to a “sell” rating and set a $4.60 price target on the stock. in a report on Wednesday, April 30th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Melco Resorts & Entertainment currently has an average rating of “Moderate Buy” and a consensus target price of $6.84.

Melco Resorts & Entertainment Stock Up 2.1%

Melco Resorts & Entertainment stock opened at $5.97 on Monday. Melco Resorts & Entertainment has a 12-month low of $4.55 and a 12-month high of $8.90. The business’s 50-day moving average price is $5.26 and its two-hundred day moving average price is $5.78. The stock has a market cap of $2.54 billion, a PE ratio of -27.14, a P/E/G ratio of 0.63 and a beta of 0.71.

Institutional Trading of Melco Resorts & Entertainment

Several institutional investors have recently modified their holdings of MLCO. Headlands Technologies LLC boosted its holdings in Melco Resorts & Entertainment by 4.2% in the first quarter. Headlands Technologies LLC now owns 70,239 shares of the company’s stock valued at $370,000 after acquiring an additional 2,829 shares during the last quarter. The Manufacturers Life Insurance Company boosted its holdings in Melco Resorts & Entertainment by 8.4% in the fourth quarter. The Manufacturers Life Insurance Company now owns 50,215 shares of the company’s stock valued at $291,000 after acquiring an additional 3,873 shares during the last quarter. GAMMA Investing LLC boosted its holdings in Melco Resorts & Entertainment by 140.7% in the fourth quarter. GAMMA Investing LLC now owns 7,533 shares of the company’s stock valued at $44,000 after acquiring an additional 4,403 shares during the last quarter. DAVENPORT & Co LLC boosted its holdings in Melco Resorts & Entertainment by 5.9% in the first quarter. DAVENPORT & Co LLC now owns 85,972 shares of the company’s stock valued at $453,000 after acquiring an additional 4,815 shares during the last quarter. Finally, Samalin Investment Counsel LLC boosted its holdings in Melco Resorts & Entertainment by 11.6% in the fourth quarter. Samalin Investment Counsel LLC now owns 96,273 shares of the company’s stock valued at $557,000 after acquiring an additional 10,000 shares during the last quarter. Institutional investors own 39.62% of the company’s stock.

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.