Melco Resorts & Entertainment (MLCO) to Release Quarterly Earnings on Thursday

Melco Resorts & Entertainment (NASDAQ:MLCO) is expected to be announcing its Q2 2026 results before the market opens on Thursday, July 30th. Analysts expect Melco Resorts & Entertainment to announce earnings of $0.06 per share and revenue of $1.2634 billion for the quarter. Interested persons may review the information on the company’s upcoming Q2 2026 earning report page for the latest details on the call scheduled for Thursday, August 20, 2026 at 12:30 PM ET.

Melco Resorts & Entertainment Stock Up 0.7%

Shares of NASDAQ:MLCO opened at $5.47 on Thursday. Melco Resorts & Entertainment has a 12-month low of $5.07 and a 12-month high of $10.15. The company’s 50 day moving average price is $5.46 and its two-hundred day moving average price is $5.76. The firm has a market cap of $2.12 billion, a PE ratio of 9.43, a PEG ratio of 3.39 and a beta of 0.59.

Wall Street Analysts Forecast Growth

MLCO has been the subject of several recent research reports. CICC Research upgraded Melco Resorts & Entertainment to an “outperform” rating in a research note on Sunday, April 19th. Wall Street Zen lowered Melco Resorts & Entertainment from a “buy” rating to a “hold” rating in a research note on Sunday, June 28th. Morgan Stanley cut Melco Resorts & Entertainment from an “overweight” rating to a “negative” rating in a report on Monday, June 22nd. CLSA upgraded Melco Resorts & Entertainment from a “hold” rating to an “outperform” rating and cut their target price for the company from $6.10 to $6.00 in a research report on Friday, July 10th. Finally, Citigroup reduced their target price on Melco Resorts & Entertainment from $10.50 to $9.40 and set a “buy” rating on the stock in a report on Friday, July 10th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, two have issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $7.77.

Institutional Investors Weigh In On Melco Resorts & Entertainment

Large investors have recently modified their holdings of the business. Kestra Advisory Services LLC acquired a new position in shares of Melco Resorts & Entertainment during the 4th quarter worth $48,000. Quarry LP acquired a new stake in Melco Resorts & Entertainment in the third quarter valued at about $68,000. Northwestern Mutual Wealth Management Co. acquired a new stake in Melco Resorts & Entertainment in the second quarter valued at about $71,000. Amundi bought a new position in Melco Resorts & Entertainment in the fourth quarter valued at about $79,000. Finally, WINTON GROUP Ltd bought a new position in Melco Resorts & Entertainment in the fourth quarter valued at about $89,000. Institutional investors and hedge funds own 39.62% of the company’s stock.

Melco Resorts & Entertainment Company Profile

Melco Resorts & Entertainment Limited (NASDAQ: MLCO) is a developer, owner and operator of integrated resort destinations in Asia and Europe. The company’s portfolio spans casino gaming, hotel accommodations, retail, dining and entertainment facilities. Melco’s properties feature a mix of luxury hotels, award-winning restaurants, high-limit gaming salons and entertainment venues, catering to a broad range of leisure and business travelers.

In Macau, Melco owns and operates flagship properties including City of Dreams Macau, Altira Macau and Studio City.