Analysts expect that Melco Crown Entertainment Limited (NASDAQ:MLCO) will post $1.33 billion in sales for the current quarter, Zacks Investment Research reports. Two analysts have issued estimates for Melco Crown Entertainment Limited’s earnings, with the lowest sales estimate coming in at $1.30 billion and the highest estimate coming in at $1.35 billion. Melco Crown Entertainment Limited reported sales of $1.19 billion in the same quarter last year, which would suggest a positive year over year growth rate of 11.8%. The company is scheduled to issue its next quarterly earnings results on Thursday, February 15th.

According to Zacks, analysts expect that Melco Crown Entertainment Limited will report full-year sales of $1.33 billion for the current year, with estimates ranging from $5.18 billion to $5.35 billion. For the next year, analysts anticipate that the firm will report sales of $5.44 billion per share, with estimates ranging from $5.28 billion to $5.65 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that cover Melco Crown Entertainment Limited.

MLCO has been the topic of a number of research analyst reports. Roth Capital initiated coverage on shares of Melco Crown Entertainment Limited in a research note on Wednesday, November 1st. They issued a “buy” rating and a $34.00 target price on the stock. Zacks Investment Research cut shares of Melco Crown Entertainment Limited from a “buy” rating to a “hold” rating in a research note on Thursday, September 28th. TheStreet cut shares of Melco Crown Entertainment Limited from a “b-” rating to a “c+” rating in a research note on Thursday, July 27th. Nomura upped their price target on shares of Melco Crown Entertainment Limited from $29.00 to $33.00 and gave the company a “buy” rating in a research note on Friday, November 3rd. Finally, Instinet upgraded shares of Melco Crown Entertainment Limited from a “neutral” rating to a “buy” rating and upped their price target for the company from $20.00 to $29.00 in a research note on Tuesday, September 19th. Three analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. Melco Crown Entertainment Limited currently has a consensus rating of “Buy” and an average price target of $24.83.

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Melco Crown Entertainment Limited (MLCO) opened at $26.57 on Thursday. The company has a debt-to-equity ratio of 1.14, a current ratio of 1.08 and a quick ratio of 1.07. The firm has a market cap of $12,970.00, a PE ratio of 31.17, a price-to-earnings-growth ratio of 1.00 and a beta of 1.92. Melco Crown Entertainment Limited has a 52 week low of $14.89 and a 52 week high of $26.76.

The company also recently announced a quarterly dividend, which will be paid on Thursday, November 30th. Investors of record on Tuesday, November 14th will be issued a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a yield of 1.35%. The ex-dividend date of this dividend is Monday, November 13th. This is a positive change from Melco Crown Entertainment Limited’s previous quarterly dividend of $0.03. Melco Crown Entertainment Limited’s dividend payout ratio is 55.56%.

A number of institutional investors have recently bought and sold shares of MLCO. American Century Companies Inc. bought a new stake in Melco Crown Entertainment Limited during the 3rd quarter worth approximately $90,957,000. Nicholas Investment Partners LP bought a new stake in Melco Crown Entertainment Limited during the 3rd quarter worth approximately $84,420,000. Mckinley Capital Management LLC Delaware bought a new stake in Melco Crown Entertainment Limited during the 3rd quarter worth approximately $70,699,000. Janus Henderson Group PLC bought a new position in shares of Melco Crown Entertainment Limited in the 3rd quarter worth $70,242,000. Finally, Russell Investments Group Ltd. bought a new position in shares of Melco Crown Entertainment Limited in the 3rd quarter worth $61,384,000. 42.03% of the stock is currently owned by institutional investors and hedge funds.

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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