Research Analysts Offer Predictions for MLCO FY2026 Earnings

Melco Resorts & Entertainment Limited (NASDAQ:MLCO) – Investment analysts at Seaport Res Ptn reduced their FY2026 earnings per share (EPS) estimates for shares of Melco Resorts & Entertainment in a note issued to investors on Friday, May 9th. Seaport Res Ptn analyst V. Umansky now expects that the company will post earnings of $0.20 per share for the year, down from their previous forecast of $0.26. The consensus estimate for Melco Resorts & Entertainment’s current full-year earnings is $0.16 per share.

MLCO has been the topic of several other reports. Susquehanna cut 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. Morgan Stanley raised Melco Resorts & Entertainment from an “equal weight” rating to an “overweight” rating and reduced their price objective for the company from $7.50 to $6.70 in a research note on Monday, March 3rd. Citigroup raised Melco Resorts & Entertainment from a “neutral” rating to a “buy” rating and set a $6.25 price objective on the stock in a research note on Thursday, April 10th. Finally, UBS Group lowered Melco Resorts & Entertainment from a “buy” rating to a “sell” rating and set a $4.60 price objective on the stock. in a research note on Wednesday, April 30th. One analyst has rated the stock with a sell rating, one has issued a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, Melco Resorts & Entertainment currently has an average rating of “Moderate Buy” and an average target price of $6.84.

Melco Resorts & Entertainment Stock Up 0.5%

MLCO stock opened at $6.28 on Monday. Melco Resorts & Entertainment has a 52-week low of $4.55 and a 52-week high of $8.90. The stock’s fifty day simple moving average is $5.28 and its 200-day simple moving average is $5.78. The stock has a market capitalization of $2.67 billion, a price-to-earnings ratio of -28.54, a price-to-earnings-growth ratio of 0.63 and a beta of 0.71.

Melco Resorts & Entertainment (NASDAQ:MLCO) last posted its quarterly earnings results on Thursday, May 8th. The company reported $0.12 earnings per share 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 the consensus estimate of $1.21 billion. During the same period in the previous year, the business earned $0.04 earnings per share. The company’s revenue for the quarter was up 10.8% compared to the same quarter last year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Nuveen LLC acquired a new position in shares of Melco Resorts & Entertainment in the 1st quarter valued at $31,946,000. Arrowstreet Capital Limited Partnership bought a new position in Melco Resorts & Entertainment in the 4th quarter valued at $28,989,000. Eminence Capital LP lifted its position in Melco Resorts & Entertainment by 22.1% during the 4th quarter. Eminence Capital LP now owns 7,735,919 shares of the company’s stock worth $44,791,000 after buying an additional 1,402,619 shares in the last quarter. BNP Paribas Financial Markets grew its stake in shares of Melco Resorts & Entertainment by 206.5% during the fourth quarter. BNP Paribas Financial Markets now owns 2,009,189 shares of the company’s stock valued at $11,633,000 after purchasing an additional 1,353,617 shares during the last quarter. Finally, National Bank of Canada FI increased its stake in shares of Melco Resorts & Entertainment by 18,441,414.3% in the 1st quarter. National Bank of Canada FI now owns 1,290,906 shares of the company’s stock valued at $6,803,000 after buying an additional 1,290,899 shares during the period. 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.