Analysts have a consensus target price of $ 18.84 in the 12-month period. The price objective is 18.19% higher than the recent closing price of $ 15.94. The 52-week price range is $ 11.56 – 24.03 and the company has a market capitalization of $ 10.13B. Analysts covering the shares maintain a consensus Buy rating, according to Zacks Investment Research. zero analyst has rated the stock with a sell rating, 4 has assigned a hold rating, 1 says it’s a buy, and 1 have assigned a strong buy rating to the company.
Melco Crown Entertainment Ltd (ADR) (MPEL) on February 18, 2016 reported its unaudited financial results for the fourth quarter and full year ended December 31, 2015.
Net revenue for the fourth quarter of 2015 was US$1,058.0 million, representing a decrease of approximately 6% from US$1,121.4 million for the comparable period in 2014. The decline in net revenue was primarily attributable to lower rolling chip revenues and mass market table games revenues in City of Dreams and Altira Macau, partially offset by the net revenue generated by Studio City and City of Dreams Manila, which started operations in October 2015 and December 2014, respectively.
Adjusted property EBITDA(1) was US$236.4 million for the fourth quarter of 2015, as compared to Adjusted property EBITDA of US$278.6 million in the fourth quarter of 2014. The 15% year-over-year decline in Adjusted property EBITDA was attributable to lower contribution from the group-wide rolling chip segment.
On a U.S. GAAP basis, net loss attributable to Melco Crown Entertainment for the fourth quarter of 2015 was US$12.3 million, or US$0.02 per ADS, compared with net income attributable to Melco Crown Entertainment of US$92.9 million, or US$0.17 per ADS, in the fourth quarter of 2014. The net loss attributable to noncontrolling interests during the fourth quarter of 2015 of US$65.6 million was related to Studio City and City of Dreams Manila.
Adjusted net income(2) attributable to Melco Crown Entertainment for the fourth quarter of 2015 was US$46.7 million, or US$0.09 per ADS, compared with adjusted net income attributable to Melco Crown Entertainment of US$123.3 million, or US$0.23 per ADS, in the fourth quarter of 2014.
Mr. Lawrence Ho, Co-Chairman and Chief Executive Officer of Melco Crown Entertainment, commented, “We delivered a strong set of operating and financial metrics in what is a still challenging environment in Macau, with our Macau-wide mass market table games revenues increasing on both a sequential and year-over-year basis in the fourth quarter of 2015.
0 yorum:
Yorum Gönder