Melco Crown Entertainment Limited (MLCO) Given Daily Coverage Optimism Rating of 0.11
News coverage about Melco Crown Entertainment Limited (NASDAQ:MLCO) has trended somewhat positive on Sunday, Accern reports. The research firm identifies negative and positive media coverage by monitoring 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 Crown Entertainment Limited earned a daily sentiment score of 0.11 on Accern’s scale. Accern also gave news coverage about the company an impact score of 46.2613626571971 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
These are some of the news articles that may have effected Accern Sentiment’s scoring:
- Financial Review: Melco Crown Entertainment Limited (MLCO) & Golden Entertainment (GDEN) (americanbankingnews.com)
- Melco Crown Entertainment Limited (MLCO) & Boyd Gaming Corporation (BYD) Head to Head Comparison (americanbankingnews.com)
- Critical Survey: Eldorado Resorts (ERI) and Melco Crown Entertainment Limited (MLCO) (americanbankingnews.com)
- Melco Crown Entertainment Given $21.72 Average P T From … – Insider Tradings (insidertradings.org)
Melco Crown Entertainment Limited (NASDAQ MLCO) opened at 20.85 on Friday. Melco Crown Entertainment Limited has a 12-month low of $12.96 and a 12-month high of $23.94. The firm has a market cap of $10.20 billion, a P/E ratio of 40.41 and a beta of 1.91. The firm has a 50-day moving average of $21.05 and a 200-day moving average of $20.39.
Melco Crown Entertainment Limited (NASDAQ:MLCO) last released its quarterly earnings results on Thursday, July 27th. The company reported $0.16 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.20 by $0.04. The firm had revenue of $1.30 billion for the quarter, compared to analyst estimates of $1.25 billion. Melco Crown Entertainment Limited had a return on equity of 9.20% and a net margin of 5.11%. Melco Crown Entertainment Limited’s quarterly revenue was up 21.3% on a year-over-year basis. On average, analysts expect that Melco Crown Entertainment Limited will post $0.80 EPS for the current year.
The company also recently declared a None dividend, which was paid on Wednesday, August 23rd. Investors of record on Tuesday, August 8th were issued a dividend of $0.089 per share. This is a boost from Melco Crown Entertainment Limited’s previous None dividend of $0.02. The ex-dividend date of this dividend was Friday, August 4th. Melco Crown Entertainment Limited’s dividend payout ratio (DPR) is presently 57.69%.
A number of research firms have recently weighed in on MLCO. Macquarie decreased their price target on shares of Melco Crown Entertainment Limited from $26.00 to $25.80 and set an “outperform” rating for the company in a research report on Friday, August 18th. TheStreet raised shares of Melco Crown Entertainment Limited from a “c+” rating to a “b-” rating in a research report on Thursday, May 4th. Instinet reissued 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 target on shares of Melco Crown Entertainment Limited and gave the stock a “buy” rating in a research report on Thursday, May 4th. Finally, Nomura reissued a “hold” rating and set a $19.00 price target on shares of Melco Crown Entertainment Limited in a research report on Sunday, May 7th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and twelve have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $21.52.
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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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