Melco Crown Entertainment Limited (MLCO) Getting Somewhat Favorable Media Coverage, Study Finds
News coverage about Melco Crown Entertainment Limited (NASDAQ:MLCO) has been trending somewhat positive on Wednesday, Accern Sentiment Analysis reports. Accern identifies positive and negative press coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Melco Crown Entertainment Limited earned a media sentiment score of 0.12 on Accern’s scale. Accern also assigned media stories about the company an impact score of 46.6752728853961 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
Here are some of the media stories that may have effected Accern Sentiment’s rankings:
- Melco International seeks Studio City spin-off in US bourse (calvinayre.com)
- Studio City Macau Exploring IPO, But Financial Experts Are Calling Melco’s Bluff (casino.org)
- Melco Crown swung to profit of P352m in 1st half (thestandard.com.ph)
- Melco Crown Entertainment Limited (MLCO) Receives Average Recommendation of “Buy” from Brokerages (americanbankingnews.com)
- Melco International Plans Spin-Off, Separate Listing of Studio City International Holdings in U.S. (ih.advfn.com)
Melco Crown Entertainment Limited (NASDAQ:MLCO) traded down 0.93% during mid-day trading on Wednesday, hitting $21.31. The stock had a trading volume of 4,302,792 shares. Melco Crown Entertainment Limited has a 1-year low of $12.86 and a 1-year high of $23.94. The firm has a market cap of $10.42 billion, a P/E ratio of 41.30 and a beta of 1.91. The stock has a 50 day moving average of $21.23 and a 200-day moving average of $20.20.
Melco Crown Entertainment Limited (NASDAQ:MLCO) last announced its quarterly earnings data on Thursday, July 27th. The company reported $0.16 EPS for the quarter, missing the Zacks’ consensus estimate of $0.20 by $0.04. The firm had revenue of $1.30 billion during the quarter, compared to the consensus estimate of $1.25 billion. Melco Crown Entertainment Limited had a net margin of 5.11% and a return on equity of 9.20%. The company’s revenue for the quarter was up 21.3% on a year-over-year basis. Analysts predict that Melco Crown Entertainment Limited will post $0.80 EPS for the current fiscal year.
The company also recently disclosed a None dividend, which will be paid on Wednesday, August 23rd. Shareholders of record on Tuesday, August 8th will be given a $0.089 dividend. This is a positive change from Melco Crown Entertainment Limited’s previous None dividend of $0.02. The ex-dividend date of this dividend is Friday, August 4th. Melco Crown Entertainment Limited’s dividend payout ratio (DPR) is presently 57.69%.
A number of research analysts have issued reports on MLCO shares. TheStreet upgraded Melco Crown Entertainment Limited from a “c+” rating to a “b-” rating in a research report on Thursday, May 4th. Aegis boosted their price target on Melco Crown Entertainment Limited from $25.00 to $27.00 and gave the stock a “buy” rating in a research report on Monday, May 15th. UBS AG reiterated a “buy” rating on shares of Melco Crown Entertainment Limited in a research report on Monday, July 10th. Credit Suisse Group set a $23.00 price target on Melco Crown Entertainment Limited and gave the stock a “buy” rating in a research report on Thursday, May 4th. Finally, Zacks Investment Research upgraded Melco Crown Entertainment Limited from a “hold” rating to a “buy” rating and set a $25.00 price target for the company in a research report on Wednesday, May 3rd. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and twelve have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $21.16.
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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