Melco Crown Entertainment Limited (NASDAQ:MPEL) Updates On Dividend Release Date


On 2016-08-08, Melco Crown Entertainment Limited (NASDAQ:MPEL) confirmed the dividend disbursement of $0.019 a share to shareholders as on record 2016-08-16. The firm will release dividend on 2016-09-07 while ex-dividend date is reported to be 2016-08-12.

The shareholders who will hold their stock holding till the ex-dividend date will receive payout. Last year, Melco Crown Entertainment Limited (NASDAQ:MPEL) paid a total of $0.019 per share in dividends. This figure stood at $0.019 a share in the same period a year ago indicating a deviation of -81.4775%.

Analyst Opinion The sell-side market experts layering the stock estimates have established a price target of $17.4 on the stock. This figure is the average of recommendations offered by 3 brokerages. The brokerages had set bullish as well as bearish price estimates, which stands at $21 and $14, respectively.

Taking the mathematical rating formula, the price for Melco Crown Entertainment Limited (NASDAQ:MPEL) stands at 3. Earnings Review Melco Crown Entertainment Limited (NASDAQ:MPEL) will report its quarterly earnings for the period ending on 2016-09-30 by 2016-11-03. For the period ending on 2016-09-30, experts are expecting EPS of $0.05.

Coming to the quarter ending on 2015-12-31, Melco Crown Entertainment Limited (NASDAQ:MPEL) recorded EPS of $0.05. The reported numbers came lower than the analysts’ estimates of $0.03, demonstrating a miss of $0.02 as against reported figures.

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