Seaport Res Ptn Issues Optimistic Forecast for MLCO Earnings

Melco Resorts & Entertainment Limited (NASDAQ:MLCO) – Equities research analysts at Seaport Res Ptn boosted their FY2026 earnings estimates for Melco Resorts & Entertainment in a note issued to investors on Wednesday, October 1st. Seaport Res Ptn analyst V. Umansky now anticipates that the company will post earnings of $0.79 per share for the year, up from their prior forecast of $0.55. The consensus estimate for Melco Resorts & Entertainment’s current full-year earnings is $0.16 per share.

A number of other analysts have also recently weighed in on the company. Susquehanna raised their price target on Melco Resorts & Entertainment from $8.00 to $10.00 and gave the company a “positive” rating in a research note on Wednesday, July 30th. JPMorgan Chase & Co. raised Melco Resorts & Entertainment from a “neutral” rating to an “overweight” rating and raised their target price for the stock from $7.20 to $9.50 in a research report on Tuesday, July 1st. Citigroup boosted their target price on Melco Resorts & Entertainment from $11.00 to $11.50 and gave the stock a “buy” rating in a research note on Friday, August 1st. CLSA raised Melco Resorts & Entertainment from a “hold” rating to an “outperform” rating in a report on Wednesday, September 3rd. Finally, Zacks Research raised shares of Melco Resorts & Entertainment from a “hold” rating to a “strong-buy” rating in a report on Thursday, September 4th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $8.15.

Melco Resorts & Entertainment Trading Down 4.2%

Shares of MLCO stock opened at $8.93 on Friday. The company has a market cap of $3.75 billion, a P/E ratio of 68.70 and a beta of 0.71. The firm has a fifty day moving average price of $9.29 and a 200 day moving average price of $7.34. Melco Resorts & Entertainment has a 12 month low of $4.55 and a 12 month high of $10.15.

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

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. DAVENPORT & Co LLC boosted its stake in shares of Melco Resorts & Entertainment by 5.9% during the first quarter. DAVENPORT & Co LLC now owns 85,972 shares of the company’s stock worth $453,000 after buying an additional 4,815 shares during the period. Charles Schwab Investment Management Inc. raised its stake in Melco Resorts & Entertainment by 21.5% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 429,131 shares of the company’s stock valued at $2,262,000 after acquiring an additional 75,935 shares during the last quarter. ARGA Investment Management LP lifted its position in Melco Resorts & Entertainment by 0.4% during the 1st quarter. ARGA Investment Management LP now owns 29,760,953 shares of the company’s stock worth $156,840,000 after acquiring an additional 108,529 shares during the period. SG Americas Securities LLC grew its stake in shares of Melco Resorts & Entertainment by 37.1% in the 1st quarter. SG Americas Securities LLC now owns 208,883 shares of the company’s stock valued at $1,101,000 after purchasing an additional 56,485 shares during the last quarter. Finally, Bleakley Financial Group LLC grew its stake in shares of Melco Resorts & Entertainment by 69.0% in the 1st quarter. Bleakley Financial Group LLC now owns 125,736 shares of the company’s stock valued at $663,000 after purchasing an additional 51,327 shares during the last quarter. 39.62% of the stock is currently owned by institutional investors and hedge funds.

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.