Melco Crown Entertainment Limited (NASDAQ:MLCO) will post its quarterly earnings results before the market opens on Wednesday, November 1st. Analysts expect Melco Crown Entertainment Limited to post earnings of $0.20 per share for the quarter.

Melco Crown Entertainment Limited (NASDAQ:MLCO) last posted its earnings results on Thursday, July 27th. The company reported $0.16 EPS for the quarter, missing the Zacks’ 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 firm had revenue of $1.30 billion for the quarter, compared to analysts’ expectations of $1.25 billion. Melco Crown Entertainment Limited’s revenue for the quarter was up 21.3% compared to the same quarter last year. On average, analysts expect Melco Crown Entertainment Limited to post $0.75 EPS for the current fiscal year and $0.94 EPS for the next fiscal year.

Shares of Melco Crown Entertainment Limited (NASDAQ MLCO) opened at 23.58 on Wednesday. The company’s 50-day moving average is $23.46 and its 200-day moving average is $22.10. Melco Crown Entertainment Limited has a 52-week low of $14.89 and a 52-week high of $24.57. The stock has a market cap of $11.53 billion, a PE ratio of 45.70 and a beta of 1.84.

MLCO has been the subject of several analyst reports. UBS AG reiterated a “buy” rating on shares of Melco Crown Entertainment Limited in a report on Monday, July 10th. Sanford C. Bernstein restated an “outperform” rating on shares of Melco Crown Entertainment Limited in a research report on Wednesday, July 12th. Instinet restated a “neutral” rating on shares of Melco Crown Entertainment Limited in a research report on Monday, July 17th. TheStreet downgraded shares of Melco Crown Entertainment Limited from a “b-” rating to a “c+” rating in a research report on Thursday, July 27th. Finally, Macquarie reduced their price objective 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. Three equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. The company has an average rating of “Buy” and an average target price of $22.98.

COPYRIGHT VIOLATION NOTICE: This story was first reported by American Banking News and is the property of of American Banking News. If you are viewing this story on another website, it was illegally copied and reposted in violation of international trademark and copyright legislation. The correct version of this story can be viewed at https://www.americanbankingnews.com/2017/10/25/melco-crown-entertainment-limited-mlco-scheduled-to-post-earnings-on-wednesday.html.

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.

Earnings History for Melco Crown Entertainment Limited (NASDAQ:MLCO)

Receive News & Ratings for Melco Crown Entertainment Limited Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Melco Crown Entertainment Limited and related companies with MarketBeat.com's FREE daily email newsletter.