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Melco Crown Entertainment Limited (NASDAQ:MPEL) Under Analyst Spotlight

17 February 2017, 11:46 | Melvin Schneider

Net revenue at MGM's domestic resorts climbed 17% to $1.8 billion in Q4

Net revenue at MGM's domestic resorts climbed 17% to $1.8 billion in Q4

The company has a 50-day moving average of $16.79 and a 200-day moving average of $16.30. The correct version of this news story can be accessed at [[permalink]].

The results showed that net revenue during the fourth quarter of last year grew about 13 percent year-on-year from USD1,058 million to nearly USD1,193. This Consumer Discretionary Sector stock now has the Market Capitalization of 8.67 Billion. Melco Crown Entertainment Limited has a 52 week low of $11.91 and a 52 week high of $20.00. Delta Lloyd NV acquired a new position in shares of Melco Crown Entertainment Limited during the third quarter valued at about $263,000. If you are reading this news story on another domain, it was illegally copied and reposted in violation of USA and global trademark and copyright legislation.

The increase in net revenue was attributed by Melco Crown Entertainment to the revenue generated by a "fully- operating" Studio City resort and the increase in casino revenues at City of Dreams Manila.

Recent session action on shares of Melco Crown Entertainment Limited (NASDAQ:MPEL) puts the stock on today's active list.

Melco Crown Entertainment Limited (NASDAQ:MPEL) reported its previous quarter on 11/03/2016 where it reported the Actual Earnings of $0.13. Revenue rose 13% to $1.192 billion, topping views for $1.158 billion.

Estimates: Earnings per share of 21 cents, rebounding from a year-ago loss of 6 cents a share, with revenue up 12% to $2.46 billion. Harris Associates L P now owns 36,969,470 shares of the company's stock valued at $465,076,000 after buying an additional 7,616,069 shares during the period. On average, analysts forecast that Melco Crown Entertainment Limited will post $0.37 EPS for the current fiscal year.

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Stock: Shares popped 4.5% to 18.50 in early trading, clearing a 17.93 buy point.

The firm also recently disclosed a special dividend, which was paid on Friday, February 10th. This represents a $0.05 dividend on an annualized basis and a yield of 0.32%.

Receive Melco Crown Entertainment Limited News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Melco Crown Entertainment Limited with MarketBeat.com's FREE daily email newsletter. Melco Crown Entertainment's payout ratio is presently 25.00%. This is a positive change from Melco Crown Entertainment Limited's previous quarterly dividend of $0.01.

Hedge funds and other institutional investors have recently modified their holdings of the company. Hillhouse Capital Management Ltd. purchased a new stake in shares of Melco Crown Entertainment during the third quarter worth about $125,309,000.

Melco Crown Entertainment Limited (NASDAQ:MPEL) reports its Earnings on Tomorrow. Harris Associates L P raised its stake in shares of Melco Crown Entertainment by 25.9% in the second quarter. Macquarie began coverage on Melco Crown Entertainment in a report on Thursday, September 8th. The Company is developing the Studio City project a cinematically-themed integrated entertainment retail and gaming resort. The Company is principally engaged in the gaming and hospitality business in Asia and its principal operating and developmental activities occur in two geographic areas: Macau and the Philippines.



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