Somewhat Positive News Coverage Somewhat Unlikely to Impact Melco PBL (MLCO) Share Price

Press coverage about Melco PBL (NASDAQ:MLCO) has been trending somewhat positive this week, according to Accern Sentiment Analysis. Accern identifies positive and negative press coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Melco PBL earned a media sentiment score of 0.16 on Accern’s scale. Accern also gave media stories about the company an impact score of 47.1259885246503 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.

Here are some of the news articles that may have impacted Accern Sentiment Analysis’s rankings:

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Several research firms have commented on MLCO. CLSA began coverage on shares of Melco PBL in a research report on Monday, February 26th. They set an “outperform” rating for the company. Zacks Investment Research upgraded shares of Melco PBL from a “sell” rating to a “hold” rating in a research report on Wednesday, February 14th. Goldman Sachs upgraded shares of Melco PBL from a “neutral” rating to a “buy” rating in a research report on Sunday, February 4th. BidaskClub lowered shares of Melco PBL from a “buy” rating to a “hold” rating in a research report on Thursday, January 4th. Finally, JPMorgan Chase & Co. upgraded shares of Melco PBL from a “neutral” rating to an “overweight” rating and set a $32.00 price objective for the company in a research report on Tuesday, December 19th. Four analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. Melco PBL presently has a consensus rating of “Buy” and a consensus price target of $28.12.

Melco PBL (NASDAQ MLCO) traded up $1.09 during trading on Monday, hitting $28.22. 1,777,873 shares of the stock traded hands, compared to its average volume of 2,730,522. The company has a market cap of $13,347.28, a price-to-earnings ratio of 40.90, a PEG ratio of 1.98 and a beta of 1.72. The company has a quick ratio of 1.07, a current ratio of 1.10 and a debt-to-equity ratio of 1.13. Melco PBL has a 12-month low of $18.19 and a 12-month high of $30.49.

Melco PBL (NASDAQ:MLCO) last released its earnings results 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). The firm had revenue of $1.33 billion during the quarter, compared to the consensus estimate of $1.36 billion. Melco PBL had a return on equity of 13.83% and a net margin of 6.47%. The business’s revenue was up 11.7% on a year-over-year basis. equities analysts forecast that Melco PBL will post 1.14 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 7th. Stockholders of record on Tuesday, February 20th were issued a $0.135 dividend. This represents a $0.54 annualized dividend and a dividend yield of 1.91%. The ex-dividend date of this dividend was Friday, February 16th. This is a positive change from Melco PBL’s previous quarterly dividend of $0.02. Melco PBL’s dividend payout ratio (DPR) is 57.97%.

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Melco PBL 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.

Insider Buying and Selling by Quarter for Melco PBL (NASDAQ:MLCO)

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