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

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Melco Resorts & Entertainment (NASDAQ:MLCO) is scheduled to post its quarterly earnings results before the market opens on Thursday, November 8th. Analysts expect Melco Resorts & Entertainment to post earnings of $0.22 per share for the quarter.

NASDAQ MLCO traded down $0.20 during trading hours on Wednesday, hitting $17.64. The company had a trading volume of 173,567 shares, compared to its average volume of 3,698,337. Melco Resorts & Entertainment has a 52 week low of $15.62 and a 52 week high of $32.95. The company has a quick ratio of 1.02, a current ratio of 1.04 and a debt-to-equity ratio of 1.05. The company has a market cap of $9.25 billion, a P/E ratio of 19.12, a P/E/G ratio of 1.58 and a beta of 1.64.

Several research analysts have commented on the company. Sanford C. Bernstein cut their target price on Melco Resorts & Entertainment from $34.50 to $27.00 and set an “outperform” rating for the company in a research note on Monday, September 17th. They noted that the move was a valuation call. BidaskClub downgraded Melco Resorts & Entertainment from a “sell” rating to a “strong sell” rating in a research note on Saturday, August 11th. Zacks Investment Research upgraded Melco Resorts & Entertainment from a “strong sell” rating to a “hold” rating in a research note on Thursday, July 26th. ValuEngine downgraded Melco Resorts & Entertainment from a “hold” rating to a “sell” rating in a research note on Friday, September 7th. Finally, Wolfe Research upgraded Melco Resorts & Entertainment from a “market perform” rating to an “outperform” rating in a research note on Tuesday, July 10th. Two analysts have rated the stock with a sell rating, two have given a hold rating and nine have issued a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $32.73.

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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.

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Earnings History for Melco Resorts & Entertainment (NASDAQ:MLCO)

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