Las Vegas Sands (NYSE:LVS) Announces Quarterly Earnings Results

Las Vegas Sands (NYSE:LVS) released its quarterly earnings results on Wednesday. The casino operator reported $0.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.62 by $0.13, Briefing.com reports. Las Vegas Sands had a return on equity of 41.81% and a net margin of 13.99%. The business had revenue of $2.86 billion during the quarter, compared to analyst estimates of $2.94 billion. During the same quarter in the previous year, the company posted $0.28 earnings per share. Las Vegas Sands’s revenue for the quarter was up 34.9% on a year-over-year basis.

Las Vegas Sands Stock Down 8.7 %

Shares of NYSE:LVS opened at $45.88 on Friday. Las Vegas Sands has a 52-week low of $43.77 and a 52-week high of $65.58. The stock has a market cap of $34.47 billion, a P/E ratio of 22.16, a price-to-earnings-growth ratio of 0.82 and a beta of 1.16. The business’s 50 day moving average is $52.22 and its 200 day moving average is $49.60. The company has a quick ratio of 1.30, a current ratio of 1.31 and a debt-to-equity ratio of 2.96.

Las Vegas Sands Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, February 14th. Investors of record on Tuesday, February 6th were paid a $0.20 dividend. The ex-dividend date of this dividend was Monday, February 5th. This represents a $0.80 annualized dividend and a yield of 1.74%. Las Vegas Sands’s dividend payout ratio (DPR) is currently 38.65%.

Analyst Ratings Changes

A number of research firms recently commented on LVS. Jefferies Financial Group decreased their target price on Las Vegas Sands from $54.00 to $53.00 and set a “hold” rating on the stock in a research report on Thursday. StockNews.com upgraded Las Vegas Sands from a “hold” rating to a “buy” rating in a research report on Wednesday, April 10th. Citigroup upped their price objective on Las Vegas Sands from $74.00 to $75.00 and gave the company a “buy” rating in a research report on Thursday. Deutsche Bank Aktiengesellschaft decreased their price objective on Las Vegas Sands from $66.00 to $62.00 and set a “buy” rating on the stock in a research report on Thursday. Finally, Mizuho decreased their price objective on Las Vegas Sands from $70.00 to $65.00 and set a “buy” rating on the stock in a research report on Thursday. Two equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $64.47.

Insider Buying and Selling

In other Las Vegas Sands news, CEO Robert G. Goldstein sold 100,000 shares of the stock in a transaction on Friday, March 15th. The stock was sold at an average price of $52.06, for a total transaction of $5,206,000.00. Following the sale, the chief executive officer now owns 172,801 shares of the company’s stock, valued at approximately $8,996,020.06. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.91% of the stock is owned by insiders.

Institutional Trading of Las Vegas Sands

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Coppell Advisory Solutions LLC bought a new stake in Las Vegas Sands during the 2nd quarter valued at $29,000. Retirement Group LLC purchased a new stake in shares of Las Vegas Sands during the 4th quarter valued at $31,000. Lazard Asset Management LLC lifted its holdings in shares of Las Vegas Sands by 1,951.2% during the 3rd quarter. Lazard Asset Management LLC now owns 841 shares of the casino operator’s stock valued at $38,000 after purchasing an additional 800 shares during the last quarter. Tyler Stone Wealth Management purchased a new stake in shares of Las Vegas Sands during the 2nd quarter valued at $46,000. Finally, Dark Forest Capital Management LP lifted its holdings in shares of Las Vegas Sands by 83,900.0% during the 1st quarter. Dark Forest Capital Management LP now owns 840 shares of the casino operator’s stock valued at $48,000 after purchasing an additional 839 shares during the last quarter. Institutional investors own 39.16% of the company’s stock.

About Las Vegas Sands

Las Vegas Sands Corp., together with its subsidiaries, develops, owns, and operates integrated resorts in Macao and Singapore. 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.