Melco PBL (MLCO) Earning Somewhat Favorable Press Coverage, Analysis Shows

Headlines about Melco PBL (NASDAQ:MLCO) have trended somewhat positive this week, Accern Sentiment Analysis reports. The research firm identifies negative and positive press coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Melco PBL earned a news sentiment score of 0.18 on Accern’s scale. Accern also assigned press coverage about the company an impact score of 46.3535513457665 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.

A number of equities research analysts recently issued reports on MLCO shares. BidaskClub raised shares of Melco PBL from a “hold” rating to a “buy” rating in a research note on Tuesday, March 27th. Zacks Investment Research raised shares of Melco PBL from a “hold” rating to a “buy” rating and set a $32.00 price target on the stock in a research note on Thursday, January 4th. Goldman Sachs raised shares of Melco PBL from a “neutral” rating to a “buy” rating in a research note on Sunday, February 4th. CLSA started coverage on shares of Melco PBL in a research note on Monday, February 26th. They set an “outperform” rating on the stock. Finally, JPMorgan Chase raised shares of Melco PBL from a “neutral” rating to an “overweight” rating and set a $32.00 price target on the stock in a research note on Tuesday, December 19th. One research analyst has rated the stock with a hold rating and fourteen have issued a buy rating to the stock. The company has an average rating of “Buy” and an average price target of $28.78.

Melco PBL stock traded down $0.45 during mid-day trading on Friday, reaching $28.37. 1,589,979 shares of the company’s stock traded hands, compared to its average volume of 2,100,380. The company has a market cap of $14,178.72, a price-to-earnings ratio of 30.84, a PEG ratio of 2.11 and a beta of 1.55. 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 $19.29 and a 12-month high of $30.49.

Melco PBL (NASDAQ:MLCO) last released its quarterly earnings results on Thursday, February 8th. The company reported $0.20 earnings per share (EPS) for the quarter, missing the Zacks’ 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 business had revenue of $1.33 billion for the quarter, compared to analysts’ expectations 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 earnings per share for the current fiscal year.

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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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