Melco Crown Entertainment Limited (NASDAQ:MPEL) posted its quarterly earnings results on Thursday. The company reported $0.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.13 by $0.00. Melco Crown Entertainment Limited had a net margin of 2.70% and a return on equity of 4.12%. The business earned $1.19 billion during the quarter, compared to analyst estimates of $1.17 billion. During the same period in the previous year, the business posted ($0.02) EPS. The business’s revenue for the quarter was up 12.7% compared to the same quarter last year.

Shares of Melco Crown Entertainment Limited (NASDAQ:MPEL) opened at 16.91 on Friday. Melco Crown Entertainment Limited has a 1-year low of $11.91 and a 1-year high of $20.00. The stock’s 50 day moving average price is $16.82 and its 200-day moving average price is $16.31. The company has a market capitalization of $8.25 billion, a PE ratio of 73.52 and a beta of 2.11.

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

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 15th. Shareholders of record on Monday, February 27th will be issued a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a yield of 0.71%. This is an increase from Melco Crown Entertainment Limited’s previous quarterly dividend of $0.01. Melco Crown Entertainment Limited’s payout ratio is currently 25.00%.

Institutional investors have recently made changes to their positions in the stock. GRATRY & Co LLC acquired a new position in shares of Melco Crown Entertainment Limited during the third quarter worth approximately $179,000. Sumitomo Mitsui Asset Management Company LTD acquired a new position in shares of Melco Crown Entertainment Limited during the second quarter worth approximately $181,000. Delta Lloyd NV acquired a new position in shares of Melco Crown Entertainment Limited during the third quarter worth approximately $263,000. Pacad Investment Ltd. acquired a new position in shares of Melco Crown Entertainment Limited during the fourth quarter worth approximately $274,000. Finally, Harbor Advisors LLC acquired a new position in shares of Melco Crown Entertainment Limited during the fourth quarter worth approximately $278,000. Institutional investors own 32.19% of the company’s stock.

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Several analysts recently issued reports on MPEL shares. Zacks Investment Research raised shares of Melco Crown Entertainment Limited from a “sell” rating to a “hold” rating in a research report on Friday, October 21st. Wells Fargo & Company reissued a “neutral” rating and issued a $17.00 price target (up previously from $13.00) on shares of Melco Crown Entertainment Limited in a research report on Monday, November 7th. Credit Suisse Group raised shares of Melco Crown Entertainment Limited from a “neutral” rating to an “outperform” rating in a research report on Monday, November 21st. Citigroup Inc. reissued a “buy” rating on shares of Melco Crown Entertainment Limited in a research report on Wednesday, November 30th. Finally, Sanford C. Bernstein reissued an “outperform” rating on shares of Melco Crown Entertainment Limited in a research report on Friday, December 2nd. One analyst has rated the stock with a sell rating, seven have issued a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the stock. Melco Crown Entertainment Limited currently has a consensus rating of “Buy” and an average target price of $17.53.

About Melco Crown Entertainment Limited

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. The Company 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.

5 Day Chart for NASDAQ:MPEL

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