Media headlines about Melco Resorts & Entertainment (NASDAQ:MLCO) have trended somewhat positive this week, Accern reports. Accern identifies negative and positive news coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Melco Resorts & Entertainment earned a news impact score of 0.14 on Accern’s scale. Accern also assigned headlines about the company an impact score of 46.9994482784292 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
These are some of the headlines that may have impacted Accern Sentiment Analysis’s scoring:
- Less Chipper: Macau’s Melco Down Despite Strong Profits (barrons.com)
- Melco posts 3Q profit (cnbc.com)
- Melco Resorts rallies after solid quarter (seekingalpha.com)
- Melco Resorts & Entertainment’s (MLCO) CEO Lawrence Ho on Q3 2017 Results – Earnings Call Transcript (msn.com)
- Melco Resorts & Entertainment Reaches Analyst Target Price (nasdaq.com)
Shares of Melco Resorts & Entertainment (NASDAQ:MLCO) opened at $25.91 on Friday. The company has a current ratio of 1.19, a quick ratio of 1.16 and a debt-to-equity ratio of 1.22. The company has a market cap of $12.77 billion, a P/E ratio of 30.41, a P/E/G ratio of 0.72 and a beta of 1.92. Melco Resorts & Entertainment has a fifty-two week low of $14.89 and a fifty-two week high of $26.53.
The business also recently declared a quarterly dividend, which will be paid on Thursday, November 30th. Shareholders of record on Tuesday, November 14th will be given a dividend of $0.09 per share. This is an increase from Melco Resorts & Entertainment’s previous quarterly dividend of $0.03. This represents a $0.36 annualized dividend and a yield of 1.39%. The ex-dividend date is Monday, November 13th. Melco Resorts & Entertainment’s dividend payout ratio (DPR) is currently 47.62%.
Several equities analysts have recently issued reports on the stock. Macquarie lowered their price objective on shares of Melco Resorts & Entertainment from $26.00 to $25.80 and set an “outperform” rating on the stock in a research note on Friday, August 18th. UBS Group AG (USA) reaffirmed a “buy” rating on shares of Melco Resorts & Entertainment in a research note on Monday, July 10th. Zacks Investment Research cut shares of Melco Resorts & Entertainment from a “buy” rating to a “hold” rating in a research note on Thursday, September 28th. Sanford C. Bernstein reissued an “outperform” rating on shares of Melco Resorts & Entertainment in a research report on Wednesday, July 12th. Finally, TheStreet downgraded shares of Melco Resorts & Entertainment from a “b-” rating to a “c+” rating in a research report on Thursday, July 27th. Three investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. Melco Resorts & Entertainment has an average rating of “Buy” and an average target price of $24.05.
About Melco Resorts & Entertainment
Melco Resorts & Entertainment Limited, formerly Melco Crown Entertainment Limited, is a holding company. The Company, through its subsidiaries, develops, owns and operates casino gaming and entertainment casino resort facilities in Asia. It is principally engaged in the gaming and hospitality business in Asia and its principal operating and developmental activities occur in over two geographic areas, which include Macau and the Philippines.
What are top analysts saying about Melco Resorts & Entertainment Ltd? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Melco Resorts & Entertainment Ltd and related companies.