What is Seaport Res Ptn’s Estimate for MLCO FY2026 Earnings?

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

A number of other research firms have also recently weighed in on MLCO. Citigroup upgraded Melco Resorts & Entertainment from a “neutral” rating to a “buy” rating and set a $6.25 price target on the stock in a research note on Thursday, April 10th. UBS Group cut Melco Resorts & Entertainment from a “buy” rating to a “sell” rating and set a $4.60 price target on the stock. in a research note on Wednesday, April 30th. Susquehanna dropped their price target on Melco Resorts & Entertainment from $10.00 to $9.00 and set a “positive” rating on the stock in a research note on Monday, February 3rd. Finally, Morgan Stanley upgraded 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 note on Monday, March 3rd. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Melco Resorts & Entertainment currently has a consensus rating of “Moderate Buy” and a consensus target price of $6.84.

Melco Resorts & Entertainment Stock Up 2.1%

Shares of Melco Resorts & Entertainment stock opened at $5.97 on Monday. Melco Resorts & Entertainment has a 12-month low of $4.55 and a 12-month high of $8.90. The stock has a market cap of $2.54 billion, a P/E ratio of -27.14, a P/E/G ratio of 0.63 and a beta of 0.71. The business’s 50 day moving average is $5.26 and its 200-day moving average is $5.78.

Melco Resorts & Entertainment (NASDAQ:MLCO) last announced its quarterly earnings data on Thursday, May 8th. The company reported $0.12 earnings per share (EPS) for the quarter, topping 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 company had revenue of $1.23 billion for the quarter, compared to analysts’ expectations of $1.21 billion. During the same quarter in the prior year, the business posted $0.04 EPS. The business’s revenue was up 10.8% compared to the same quarter last year.

Institutional Investors Weigh In On Melco Resorts & Entertainment

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Headlands Technologies LLC lifted its holdings in shares of Melco Resorts & Entertainment by 4.2% during the first quarter. Headlands Technologies LLC now owns 70,239 shares of the company’s stock worth $370,000 after buying an additional 2,829 shares in the last quarter. The Manufacturers Life Insurance Company lifted its holdings in shares of Melco Resorts & Entertainment by 8.4% during the fourth quarter. The Manufacturers Life Insurance Company now owns 50,215 shares of the company’s stock worth $291,000 after buying an additional 3,873 shares in the last quarter. GAMMA Investing LLC lifted its holdings in shares of Melco Resorts & Entertainment by 140.7% during the fourth quarter. GAMMA Investing LLC now owns 7,533 shares of the company’s stock worth $44,000 after buying an additional 4,403 shares in the last quarter. DAVENPORT & Co LLC lifted its holdings in shares of Melco Resorts & Entertainment by 5.9% during the first quarter. DAVENPORT & Co LLC now owns 85,972 shares of the company’s stock worth $453,000 after buying an additional 4,815 shares in the last quarter. Finally, Samalin Investment Counsel LLC lifted its holdings in shares of Melco Resorts & Entertainment by 11.6% during the fourth quarter. Samalin Investment Counsel LLC now owns 96,273 shares of the company’s stock worth $557,000 after buying an additional 10,000 shares in the last quarter. Institutional investors and hedge funds own 39.62% of the company’s stock.

Melco Resorts & Entertainment Company Profile

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.