Melco PBL (MLCO) Getting Somewhat Positive News Coverage, Analysis Finds
News coverage about Melco PBL (NASDAQ:MLCO) has been trending somewhat positive recently, according to Accern. Accern identifies positive and negative media coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Melco PBL earned a media sentiment score of 0.08 on Accern’s scale. Accern also assigned press coverage about the company an impact score of 46.5905340569008 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
Here are some of the media headlines that may have impacted Accern Sentiment’s analysis:
- Have You Holding This Risky Stock?: Melco Resorts & Entertainment Limited (MLCO) – Wallstreet Investorplace (wallstreetinvestorplace.com)
- Hot Stock under Review – Melco Resorts & Entertainment Limited (NASDAQ: MLCO) – Stocks Pen (stockspen.com)
- Casino Exec Recommends More Gaming Concessions in Macau (casinonewsdaily.com)
- Melco Resorts & Entertainment Limited (MLCO) Moves Back And Forth on Volume Analysis – Investing News Update (investingbizz.com)
Several research analysts recently commented on MLCO shares. Daiwa Capital Markets upgraded shares of Melco PBL from a “hold” rating to a “buy” rating and set a $32.00 price target on the stock in a report on Thursday, November 30th. Zacks Investment Research upgraded shares of Melco PBL from a “hold” rating to a “buy” rating and set a $32.00 price target on the stock in a report on Thursday, January 4th. CLSA started coverage on shares of Melco PBL in a report on Monday, February 26th. They issued an “outperform” rating on the stock. BidaskClub upgraded shares of Melco PBL from a “hold” rating to a “buy” rating in a report on Thursday, December 21st. Finally, JPMorgan Chase & Co. upgraded shares of Melco PBL from a “neutral” rating to an “overweight” rating and set a $32.00 price target on the stock in a report on Tuesday, December 19th. Four equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. Melco PBL presently has an average rating of “Buy” and a consensus price target of $28.12.
Melco PBL (NASDAQ:MLCO) last issued its quarterly earnings data on Thursday, February 8th. The company reported $0.20 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.23 by ($0.03). Melco PBL had a net margin of 6.47% and a return on equity of 13.83%. The firm had revenue of $1.33 billion during the quarter, compared to analyst estimates of $1.36 billion. The firm’s revenue for the quarter was up 11.7% compared to the same quarter last year. equities research analysts anticipate that Melco PBL will post 1.14 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 7th. Shareholders of record on Tuesday, February 20th were given a $0.135 dividend. This is an increase from Melco PBL’s previous quarterly dividend of $0.02. The ex-dividend date was Friday, February 16th. This represents a $0.54 annualized dividend and a yield of 1.97%. Melco PBL’s dividend payout ratio (DPR) is 57.97%.
About Melco PBL
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.
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