Melco Crown Entertainment Limited (NASDAQ:MLCO) Rating Lowered to C+ at TheStreet
Several other research analysts have also recently issued reports on MLCO. UBS AG upgraded Melco Crown Entertainment Limited from a hold rating to a buy rating in a research report on Monday, April 24th. Instinet reiterated a neutral rating on shares of Melco Crown Entertainment Limited in a research report on Monday, July 17th. Credit Suisse Group set a $23.00 price objective on Melco Crown Entertainment Limited and gave the stock a buy rating in a research report on Thursday, May 4th. Nomura reiterated a hold rating and issued a $19.00 price objective on shares of Melco Crown Entertainment Limited in a research report on Sunday, May 7th. Finally, Wells Fargo & Company reiterated a neutral rating on shares of Melco Crown Entertainment Limited in a research report on Thursday, April 6th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and twelve have given a buy rating to the stock. The stock currently has an average rating of Buy and a consensus target price of $20.25.
Shares of Melco Crown Entertainment Limited (NASDAQ MLCO) opened at 20.32 on Thursday. Melco Crown Entertainment Limited has a one year low of $12.86 and a one year high of $23.94. The stock has a market cap of $9.93 billion, a price-to-earnings ratio of 40.32 and a beta of 1.93. The company has a 50-day moving average of $22.20 and a 200 day moving average of $19.89.
Melco Crown Entertainment Limited (NASDAQ:MLCO) last released its quarterly earnings data on Thursday, July 27th. The company reported $0.16 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.20 by $0.04. The business had revenue of $1.30 billion during the quarter, compared to analysts’ expectations of $1.25 billion. Melco Crown Entertainment Limited had a return on equity of 8.95% and a net margin of 5.11%. The company’s revenue for the quarter was up 21.3% compared to the same quarter last year. On average, equities analysts forecast that Melco Crown Entertainment Limited will post $0.80 earnings per share for the current fiscal year.
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The company also recently declared a None dividend, which will be paid on Wednesday, August 23rd. Stockholders of record on Tuesday, August 8th will be given a $0.089 dividend. The ex-dividend date of this dividend is 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 currently 44.23%.
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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