Las Vegas Sands (NYSE:LVS) released its earnings results on Tuesday. The casino operator reported ($0.26) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.17) by ($0.09), RTT News reports. The business had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.39 billion. Las Vegas Sands had a negative net margin of 64.84% and a negative return on equity of 47.40%. The firm’s revenue for the quarter was up 1096.9% on a year-over-year basis. During the same period last year, the business posted ($1.05) EPS.
Las Vegas Sands stock traded down $1.61 during midday trading on Thursday, hitting $47.81. The company’s stock had a trading volume of 676,524 shares, compared to its average volume of 6,156,530. Las Vegas Sands has a 1-year low of $42.58 and a 1-year high of $66.76. The company has a debt-to-equity ratio of 4.52, a quick ratio of 2.27 and a current ratio of 2.28. The company has a 50-day simple moving average of $54.10. The company has a market capitalization of $36.53 billion, a P/E ratio of -18.61 and a beta of 1.42.
LVS has been the subject of a number of analyst reports. Zacks Investment Research raised shares of Las Vegas Sands from a “sell” rating to a “hold” rating and set a $63.00 target price for the company in a research report on Tuesday, March 30th. Morgan Stanley decreased their price objective on shares of Las Vegas Sands from $58.00 to $53.00 and set an “equal weight” rating for the company in a research report on Thursday. Credit Suisse Group lifted their price objective on shares of Las Vegas Sands from $58.00 to $69.00 and gave the company an “outperform” rating in a research report on Thursday, April 22nd. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $73.00 price objective on shares of Las Vegas Sands in a research report on Thursday. Finally, Stifel Nicolaus decreased their price objective on shares of Las Vegas Sands from $77.00 to $65.00 and set a “buy” rating for the company in a research report on Thursday. Seven equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $60.46.
Las Vegas Sands Corp., together with its subsidiaries, develops, owns, and operates integrated resorts in Asia and the United States. It owns and operates The Venetian Macao Resort Hotel, the Londoner Macao, The Parisian Macao, The Plaza Macao and Four Seasons Hotel Macao, Cotai Strip, and the Sands Macao in Macao, the People's Republic of China; and Marina Bay Sands in Singapore.
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