Media stories about Melco Crown Entertainment Limited (NASDAQ:MLCO) have been trending somewhat positive recently, according to Accern. The research firm identifies negative and positive media coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Melco Crown Entertainment Limited earned a news impact score of 0.13 on Accern’s scale. Accern also assigned news headlines about the company an impact score of 45.6804079022433 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
A number of brokerages have weighed in on MLCO. Macquarie cut their price target on shares of Melco Crown Entertainment Limited from $26.00 to $25.80 and set an “outperform” rating on the stock in a research note on Friday, August 18th. Instinet reaffirmed a “neutral” rating and issued a $20.00 price target (up previously from $19.00) on shares of Melco Crown Entertainment Limited in a research note on Monday, June 19th. Sanford C. Bernstein reiterated an “outperform” rating on shares of Melco Crown Entertainment Limited in a report on Wednesday, May 24th. TheStreet downgraded shares of Melco Crown Entertainment Limited from a “b-” rating to a “c+” rating in a report on Thursday, July 27th. Finally, UBS AG reiterated a “buy” rating on shares of Melco Crown Entertainment Limited in a report on Monday, July 10th. Five analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. Melco Crown Entertainment Limited currently has an average rating of “Buy” and a consensus price target of $21.52.
Shares of Melco Crown Entertainment Limited (MLCO) traded down 1.59% during trading on Tuesday, reaching $22.84. 1,757,808 shares of the company were exchanged. The company has a market capitalization of $11.17 billion, a PE ratio of 44.26 and a beta of 1.86. The firm’s 50 day moving average price is $21.09 and its 200 day moving average price is $20.79. Melco Crown Entertainment Limited has a one year low of $14.89 and a one year high of $23.94.
Melco Crown Entertainment Limited (NASDAQ:MLCO) last issued its quarterly earnings data on Thursday, July 27th. The company reported $0.16 earnings per share for the quarter, missing the consensus estimate of $0.20 by ($0.04). Melco Crown Entertainment Limited had a net margin of 5.11% and a return on equity of 9.20%. The company had revenue of $1.30 billion for the quarter, compared to the consensus estimate of $1.25 billion. The business’s revenue was up 21.3% on a year-over-year basis. Equities research analysts forecast that Melco Crown Entertainment Limited will post $0.81 earnings per share for the current fiscal year.
The business also recently disclosed a None dividend, which was paid on Wednesday, August 23rd. Shareholders of record on Tuesday, August 8th were paid a dividend of $0.089 per share. The ex-dividend date of this dividend was Friday, August 4th. This is a boost from Melco Crown Entertainment Limited’s previous None dividend of $0.02. Melco Crown Entertainment Limited’s dividend payout ratio (DPR) is 57.69%.
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Melco Crown Entertainment Limited Company Profile
Melco Resorts & Entertainment Limited, formerly Melco Crown Entertainment Limited, is a holding company. The Company, through its subsidiaries, develops, owns and operates casino gaming and entertainment casino resort facilities in Asia. It is principally engaged in the gaming and hospitality business in Asia and its principal operating and developmental activities occur in over two geographic areas, which include Macau and the Philippines.
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