Seaport Res Ptn Brokers Lower Earnings Estimates for MLCO

2025-04-26T06:50:48Z

Melco Resorts & Entertainment Limited (NASDAQ:MLCO – Free Report) – Investment analysts at Seaport Res Ptn lowered their Q2 2025 earnings estimates for Melco Resorts & Entertainment in a research note issued on Tuesday, April 22nd. Seaport Res Ptn analyst V. Umansky now anticipates that the company will post earnings of ($0.01) per share for the quarter, down from their previous estimate of $0.07. The consensus estimate for Melco Resorts & Entertainment’s current full-year earnings is $0.16 per share. Seaport Res Ptn also issued estimates for Melco Resorts & Entertainment’s FY2025 earnings at $0.14 EPS, FY2026 earnings at $0.26 EPS and FY2027 earnings at $0.47 EPS.

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Several other brokerages have also commented on MLCO. Susquehanna cut their price objective on Melco Resorts & Entertainment from $10.00 to $9.00 and set a “positive” rating for the company in a report on Monday, February 3rd. Citigroup raised Melco Resorts & Entertainment from a “neutral” rating to a “buy” rating and set a $6.25 target price for the company in a research note on Thursday, April 10th. Finally, Morgan Stanley raised shares of Melco Resorts & Entertainment from an “equal weight” rating to an “overweight” rating and dropped their price target for the company from $7.50 to $6.70 in a research report on Monday, March 3rd. One analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $7.29.

Melco Resorts & Entertainment Price Performance

Shares of NASDAQ:MLCO opened at $5.10 on Thursday. Melco Resorts & Entertainment has a one year low of $4.55 and a one year high of $8.90. The firm has a fifty day moving average price of $5.33 and a two-hundred day moving average price of $5.93. The company has a market cap of $2.17 billion, a price-to-earnings ratio of -23.18, a PEG ratio of 0.63 and a beta of 0.87.

Institutional Trading of Melco Resorts & Entertainment

Several large investors have recently bought and sold shares of MLCO. GAMMA Investing LLC lifted its stake in shares of Melco Resorts & Entertainment by 140.7% in the 4th quarter. GAMMA Investing LLC now owns 7,533 shares of the company’s stock valued at $44,000 after purchasing an additional 4,403 shares during the period. Patriot Financial Group Insurance Agency LLC purchased a new position in Melco Resorts & Entertainment during the fourth quarter valued at $58,000. Empirical Asset Management LLC purchased a new position in Melco Resorts & Entertainment during the fourth quarter valued at $73,000. Vident Advisory LLC bought a new stake in shares of Melco Resorts & Entertainment during the 4th quarter valued at $142,000. Finally, Wealthspire Advisors LLC bought a new position in shares of Melco Resorts & Entertainment in the 4th quarter worth about $145,000. 39.62% of the stock is owned by institutional investors.

About Melco Resorts & Entertainment

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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.