About Melco Crown Entertainment Limited (NASDAQ:MLCO)
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. Its segments include City of Dreams, Altira Macau, Studio City, Mocha Clubs, City of Dreams Manila, and Corporate and Others. It has over three casino based operations in Macau, namely, City of Dreams, Altira Macau and Studio City, and non-casino based operations in Macau at its Mocha Clubs. It also has a casino based operation in the Philippines, City of Dreams Manila. It is developing the fifth hotel tower at City of Dreams in Cotai, Macau. Its other operations also include Taipa Square Casino, Macau operating within Hotel Taipa Square.
Industry, Sector and Symbol
Industry Casinos & Gaming
Trailing P/E Ratio31.32
Forward P/E Ratio29.85
Sales & Book Value
Annual Sales$4.52 billion
Price / Sales2.89
Cash Flow$1.63 per share
Price / Cash16.31
Book Value$6.71 per share
Price / Book3.96
Net Income$175.90 million
Return on Equity12.21%
Return on Assets4.64%
Frequently Asked Questions for Melco Crown Entertainment Limited (NASDAQ:MLCO)
What is Melco Crown Entertainment Limited's stock symbol?
Melco Crown Entertainment Limited trades on the NASDAQ under the ticker symbol "MLCO."
How often does Melco Crown Entertainment Limited pay dividends? What is the dividend yield for Melco Crown Entertainment Limited?
Melco Crown Entertainment Limited announced a quarterly dividend on Friday, November 3rd. Stockholders of record on Tuesday, November 14th will be paid a dividend of $0.09 per share on Thursday, November 30th. This represents a $0.36 annualized dividend and a dividend 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. View Melco Crown Entertainment Limited's Dividend History.
How were Melco Crown Entertainment Limited's earnings last quarter?
Melco Crown Entertainment Limited (NASDAQ:MLCO) posted its quarterly earnings results on Thursday, August, 4th. The company reported $0.06 earnings per share for the quarter, hitting the consensus estimate of $0.06. The company had revenue of $1.07 billion for the quarter, compared to analyst estimates of $1.09 billion. Melco Crown Entertainment Limited had a return on equity of 12.21% and a net margin of 5.92%. The firm's quarterly revenue was up 16.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.05 EPS. View Melco Crown Entertainment Limited's Earnings History.
When will Melco Crown Entertainment Limited make its next earnings announcement?
Where is Melco Crown Entertainment Limited's stock going? Where will Melco Crown Entertainment Limited's stock price be in 2017?
14 equities research analysts have issued 12-month price objectives for Melco Crown Entertainment Limited's shares. Their forecasts range from $18.00 to $34.00. On average, they anticipate Melco Crown Entertainment Limited's stock price to reach $25.05 in the next year. View Analyst Ratings for Melco Crown Entertainment Limited.
What are Wall Street analysts saying about Melco Crown Entertainment Limited stock?
Here are some recent quotes from research analysts about Melco Crown Entertainment Limited stock:
- 1. According to Zacks Investment Research, "Melco Resorts & Entertainment Ltd is a developer, owner and operator of casino gaming and entertainment casino resort facilities primarily in Asia. Melco Resorts & Entertainment Ltd, formerly known as Melco Crown Entertainment Limited, is based in Hong Kong. " (11/10/2017)
- 2. Aegis analysts commented, "This morning, MPEL reported 4Q16 property EBITDA of $304.3m versus Street consensus of $293.3m and our $301.6m. Adjusted for theoretical hold ('win-rate'), MPEL's property EBITDA was closer to ~$320m or ~9% above consensus. Currently shares are trading down and based on our call topic volume, we believe many investors are focused on MGM's disappointing 4Q16 Las Vegas Strip results leaving an MPEL analysis for later." (2/16/2017)
Who are some of Melco Crown Entertainment Limited's key competitors?
Some companies that are related to Melco Crown Entertainment Limited include Caesars Entertainment Corporation (CZR), Boyd Gaming Corporation (BYD), Churchill Downs, Incorporated (CHDN), Red Rock Resorts (RRR), Ladbrokes Coral Group PLC (LCL), William Hill plc (WMH), Eldorado Resorts (ERI), Pinnacle Entertainment (PNK), Rank Group PLC (RNK), 888 Holdings plc (888), Golden Entertainment (GDEN), Jackpotjoy plc (JPJ), Betfair Group Ltd (BET), Bwin.party Digital Entertainment Plc (BPTY) and Isle of Capri Casinos (ISLE).
Who are Melco Crown Entertainment Limited's key executives?
Melco Crown Entertainment Limited's management team includes the folowing people:
- Yau Lung Ho, Executive Chairman of the Board, Chief Executive Officer (Age 40)
- Geoffrey Stuart Davis, Chief Financial Officer, Executive Vice President (Age 48)
- Akiko Takahashi, Executive Vice President, Chief Human Resources, Corporate Social Responsibility Officer (Age 63)
- Frederic Jean-Marie Winckler, Executive Vice President, Chief Marketing Officer and Brand Officer (Age 50)
- Stephanie Cheung, Executive Vice President, Chief Legal Officer (Age 54)
- Jaya Jesudason, Executive Vice President - Construction and Design (Age 74)
- Yuk Man Chung CPA, Non-Executive Director (Age 54)
- Robert John Rankin, Non-Executive Director (Age 54)
- Evan Andrew Winkler, Non-Executive Director (Age 42)
- John William Crawford, Independent Non-Executive Director (Age 74)
Who owns Melco Crown Entertainment Limited stock?
Melco Crown Entertainment Limited's stock is owned by a number of of retail and institutional investors. Top institutional investors include American Century Companies Inc. (0.77%), Nicholas Investment Partners LP (0.71%), Mckinley Capital Management LLC Delaware (0.60%), Janus Henderson Group PLC (0.59%), Russell Investments Group Ltd. (0.52%) and ARGA Investment Management LP (0.49%). View Institutional Ownership Trends for Melco Crown Entertainment Limited.
Who bought Melco Crown Entertainment Limited stock? Who is buying Melco Crown Entertainment Limited stock?
Melco Crown Entertainment Limited's stock was purchased by a variety of institutional investors in the last quarter, including American Century Companies Inc., Nicholas Investment Partners LP, Mckinley Capital Management LLC Delaware, Janus Henderson Group PLC, Russell Investments Group Ltd., ARGA Investment Management LP, Platinum Investment Management Ltd. and Allianz Asset Management GmbH. View Insider Buying and Selling for Melco Crown Entertainment Limited.
How do I buy Melco Crown Entertainment Limited stock?
Shares of Melco Crown Entertainment Limited can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Melco Crown Entertainment Limited's stock price today?
One share of Melco Crown Entertainment Limited stock can currently be purchased for approximately $26.57.
How big of a company is Melco Crown Entertainment Limited?
Melco Crown Entertainment Limited has a market capitalization of $12.94 billion and generates $4.52 billion in revenue each year. The company earns $175.90 million in net income (profit) each year or $0.62 on an earnings per share basis. Melco Crown Entertainment Limited employs 20,248 workers across the globe.
How can I contact Melco Crown Entertainment Limited?
Melco Crown Entertainment Limited's mailing address is 36TH FLOOR THE CENTRIUM. 60 WYNDHAM STREET, Central F4, 00000. The company can be reached via phone at 852-2598-3600 or via email at [email protected]
MarketBeat Community Rating for Melco Crown Entertainment Limited (MLCO)MarketBeat's community ratings are surveys of what our community members think about Melco Crown Entertainment Limited and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
Analysts' Consensus Rating for Melco Crown Entertainment Limited (NASDAQ:MLCO) (How are Consensus Ratings Calculated?)
MarketBeat calculates consensus analyst ratings for company stocks using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
|Ratings Breakdown: ||0 Sell Ratings, 2 Hold Ratings, 12 Buy Ratings, 0 Strong Buy Ratings|
|Consensus Rating:||Buy (Score: 2.86)|
|Consensus Price Target: ||$25.05 (5.70% downside)|
Consensus Price Target History for Melco Crown Entertainment Limited (NASDAQ:MLCO)
Analysts' Ratings History for Melco Crown Entertainment Limited (NASDAQ:MLCO)
(Data available from 11/23/2015 forward)
|Date||Firm||Action||Rating||Price Target||Impact on Share Price||Details|
|11/3/2017||Nomura||Boost Price Target||Buy||$29.00 -> $33.00||N/A|
|11/1/2017||Roth Capital||Initiated Coverage||Buy -> Buy||$34.00||N/A|
|9/19/2017||Instinet||Upgrade||Neutral -> Buy||$20.00 -> $29.00||High|
|8/18/2017||Macquarie||Lower Price Target||Outperform||$26.00 -> $25.80||Low|
|7/12/2017||Sanford C. Bernstein||Reiterated Rating||Outperform||Medium|
|5/15/2017||Aegis||Boost Price Target||Buy||$25.00 -> $27.00||N/A|
|5/4/2017||Credit Suisse Group||Set Price Target||Buy||$23.00||Low|
|4/24/2017||Union Gaming Research||Upgrade||Buy||$18.00||Medium|
|4/6/2017||Wells Fargo & Company||Reiterated Rating||Neutral||Low|
|3/28/2017||Wolfe Research||Reiterated Rating||Market Perform||Medium|
|2/16/2017||Deutsche Bank AG||Set Price Target||Buy||$23.00||N/A|
|2/13/2017||Morgan Stanley||Upgrade||Equal Weight -> Overweight||$19.00||N/A|
|1/9/2017||Bank of America Corporation||Upgrade||Neutral -> Buy||$19.50 -> $22.30||N/A|
|11/30/2016||Citigroup Inc.||Reiterated Rating||Buy||N/A|
|10/5/2016||Goldman Sachs Group, Inc. (The)||Reiterated Rating||Neutral||N/A|
|8/28/2016||BNP Paribas||Reiterated Rating||Sell||N/A|
|8/11/2016||Buckingham Research||Initiated Coverage||Neutral||$15.50||N/A|
|8/5/2016||J P Morgan Chase & Co||Lower Price Target||Neutral||$16.00 -> $14.00||N/A|
|6/3/2016||Daiwa Capital Markets||Downgrade||Outperform -> Hold||N/A|
|5/16/2016||Sterne Agee CRT||Reiterated Rating||Buy||N/A|
Earnings History and Estimates Chart for Melco Crown Entertainment Limited (NASDAQ:MLCO)
Earnings History by Quarter for Melco Crown Entertainment Limited (NASDAQ MLCO)
(Data available from 1/1/2011 forward)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|7/27/2017||6/30/2017||$0.20||$0.16||$1.25 billion||$1.30 billion||View||N/A|
|5/4/2017||3/31/2017||$0.08||$0.24||$1.20 billion||$1.28 billion||View||Listen|
|2/16/2017||Q416||$0.13||$0.13||$1.15 billion||$1.19 billion||View||N/A|
|11/3/2016||Q316||$0.06||$0.13||$1.09 billion||$1.15 billion||View||Listen|
|8/4/2016||Q216||$0.06||$0.06||$1.09 billion||$1.07 billion||View||Listen|
|5/4/2016||Q1||$0.07||$0.07||$1.14 billion||$1.10 billion||View||N/A|
|2/18/2016||Q415||$0.05||$0.09||$1.07 billion||$1.06 billion||View||Listen|
|11/5/2015||Q315||$0.10||$0.11||$953.79 million||$945.73 million||View||Listen|
|8/6/2015||Q215||$0.09||$0.08||$972.29 million||$916.80 million||View||Listen|
|5/7/2015||Q115||$0.23||$0.16||$1.07 billion||$1.08 billion||View||N/A|
|2/12/2015||Q414||$0.26||$0.22||$1.14 billion||$1.12 billion||View||N/A|
|11/6/2014||Q314||$0.29||$0.28||$1.19 billion||$1.12 billion||View||N/A|
|8/7/2014||Q214||$0.37||$0.30||$1.30 billion||$1.20 billion||View||N/A|
|5/8/2014||Q114||$0.41||$0.45||$1.36 billion||$1.36 billion||View||N/A|
|2/19/2014||Q413||$0.40||$0.43||$1.36 billion||$1.40 billion||View||N/A|
|11/5/2013||Q313||$0.31||$0.32||$1.23 billion||$1.25 billion||View||N/A|
|8/7/2013||Q213||$0.28||$0.33||$1.21 billion||$1.30 billion||View||N/A|
|5/8/2013||Q113||$0.23||$0.10||$1.12 billion||$1.15 billion||View||N/A|
|2/6/2013||Q412||$0.20||$0.20||$1.07 billion||$1.02 billion||View||N/A|
|11/7/2012||Q312||$0.17||$0.19||$1.00 billion||$1.01 billion||View||N/A|
Earnings Estimates for Melco Crown Entertainment Limited (NASDAQ:MLCO)
Current Year EPS Consensus Estimate: $0.89 EPS
Next Year EPS Consensus Estimate: $1.03 EPS
Current Dividend Information for Melco Crown Entertainment Limited (NASDAQ:MLCO)
|Payout Ratio:||56.45% (Trailing 12 Months of Earnings) |
39.33% (Based on This Year's Estimates)
33.98% (Based on Next Year's Estimates)
Dividend History by Quarter for Melco Crown Entertainment Limited (NASDAQ MLCO)
(Data available from 1/1/2013 forward)
|Announced||Period||Amount||Yield||Ex-Dividend Date||Record Date||Payable Date|
Insider Trading History for Melco Crown Entertainment Limited (NASDAQ MLCO)
No insider trades for this company have been tracked by MarketBeat.com
Latest Headlines for Melco Crown Entertainment Limited (NASDAQ MLCO)
Melco Crown Entertainment Limited (NASDAQ MLCO) Chart for Thursday, November, 23, 2017