Boston, MA 05/08/2014 (wallstreetpr) – The leading gaming and entertainment company Melco Crown Entertainment Limited (NASDAQ:MPEL) has recently announced that the short term interest of the company had decreased by 26.9%, says a report. Between March to April 15th, the company received total short interest of 3,047,346 shares which was way less than what company earned in previous months.
In a different report, analysts from JPMorgan Chase & Co. had given a positive rating to the company and raised the price target after witnessing excellent market performance. Out of the thirteen equity research analysts, one has given ‘hold’ rating to the company, while 12 other equity research analysts have assigned ‘buy’ rating which is second to none as far as the stock performance of any company is concerned. On the basis of different market research report, company has got ‘buy’ rating which is considered very good. Few days back, when Melco Crown Entertainment Limited (NASDAQ:MPEL) announced its financial results of previous quarter, the earnings per share was reported as $0.43, slightly more than what consensus estimate had forecasted. If the EPS of this quarter is compared with the EPS of last year, then a significant growth can be witnessed. Last year, the company made EPS of $0.20 at the same time.
In terms of revenue, the company had made $1.40 billion in the previous quarter after analysts forecasted consensus estimate of $1.36 billion. On the basis of YOY comparison, the company has shown 26.6% growth in terms of revenues of the same quarter of last year and this year. After this amazing show, the market experts have said that the company will make EPS of $1.76 in current fiscal year.
Melco Crown Entertainment Limited has diversified gaming and entertainment businesses, and the main business of Melco Crown Entertainment Limited (NASDAQ:MPEL) is Casino.
