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Melco Crown Entertainment Limited (NASDAQ:MPEL) is scheduled to be posting its Q114 quarterly earnings results on Thursday, May 8th. Analysts expect Melco Crown Entertainment Limited to post earnings of $0.41 per share and revenue of $1.36 billion for the quarter.

Melco Crown Entertainment Limited (NASDAQ:MPEL) last posted its quarterly earnings results on Wednesday, February 19th. The company reported $0.43 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.40 by $0.03. The company had revenue of $1.40 billion for the quarter, compared to the consensus estimate of $1.36 billion. During the same quarter in the prior year, the company posted $0.20 earnings per share. The company’s quarterly revenue was up 26.6% on a year-over-year basis. On average, analysts expect Melco Crown Entertainment Limited to post $1.76 EPS for the current fiscal year and $2.14 EPS for the next fiscal year.

Shares of Melco Crown Entertainment Limited (NASDAQ:MPEL) traded down 4.97% on Wednesday, hitting $33.564. 3,357,750 shares of the company’s stock traded hands. Melco Crown Entertainment Limited has a 52 week low of $20.46 and a 52 week high of $45.70. The stock has a 50-day moving average of $37.0 and a 200-day moving average of $38.48. The company has a market cap of $18.465 billion and a P/E ratio of 30.74. Melco Crown Entertainment Limited also was the recipient of a significant decline in short interest in the month of April. As of April 15th, there was short interest totalling 3,047,346 shares, a decline of 26.9% from the March 31st total of 4,169,194 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average daily volume of 4,881,351 shares, the days-to-cover ratio is currently 0.6 days.

On the ratings front, analysts at JPMorgan Chase & Co. raised their price target on shares of Melco Crown Entertainment Limited from $50.00 to $51.00 in a research note on Friday, April 4th. One equities research analyst has rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $37.74.

Melco Crown Entertainment Limited (NASDAQ:MPEL) is a developer, owner and, through its subsidiary Melco Crown Gaming, operator of casino gaming and entertainment resort facilities focused on the Macau market.

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