Melco Resorts & Entertainment Limited (MLCO) EPS Estimated At $0.22

September 30, 2018 - By Mary Kidd

Analysts expect Melco Resorts & Entertainment Limited (NASDAQ:MLCO) to report $0.22 EPS on November, 1.They anticipate $0.09 EPS change or 29.03 % from last quarter’s $0.31 EPS. MLCO’s profit would be $107.75 million giving it 24.03 P/E if the $0.22 EPS is correct. After having $0.20 EPS previously, Melco Resorts & Entertainment Limited’s analysts see 10.00 % EPS growth. The stock increased 2.17% or $0.45 during the last trading session, reaching $21.15. About 4.86M shares traded or 16.66% up from the average. Melco Resorts & Entertainment Limited (NASDAQ:MLCO) has declined 12.22% since September 30, 2017 and is downtrending. It has underperformed by 27.84% the S&P500.

Melco Resorts & Entertainment Limited, through its subsidiaries, develops, owns, and operates casino gaming and entertainment casino resort facilities in Asia. The company has market cap of $10.36 billion. 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. It has a 25.36 P/E ratio. The firm also operates Altira Macau, a casino hotel, which has approximately 112 gaming tables and 56 gaming machines; 230 hotel rooms; various fine dining and casual restaurants, and recreation and leisure facilities; and various non-gaming amenities comprising spa, gymnasium, outdoor garden podium, and sky terrace lounge.

More notable recent Melco Resorts & Entertainment Limited (NASDAQ:MLCO) news were published by: Seekingalpha.com which released: “Bernstein updates on Macau” on September 27, 2018, also Globenewswire.com with their article: “Detailed Research: Economic Perspectives on Melco Resorts & Entertainment, New York Mortgage Trust, Canadian …” published on September 27, 2018, Fool.com published: “3 Surprisingly Strong Dividend Stocks” on September 10, 2018. More interesting news about Melco Resorts & Entertainment Limited (NASDAQ:MLCO) were released by: Fool.com and their article: “These 2 Casino Stocks Should Benefit Most From Macau’s Rebound” published on September 24, 2018 as well as Seekingalpha.com‘s news article titled: “Stocks To Watch: Strap In For Q3” with publication date: September 29, 2018.

Melco Resorts & Entertainment Limited (NASDAQ:MLCO) Ratings Chart

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