Las Vegas Sands (NYSE:LVS) Posts Earnings Results, Beats Expectations By $0.13 EPS

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

Las Vegas Sands Stock Down 8.7 %

LVS stock opened at $45.88 on Friday. Las Vegas Sands has a one year low of $43.77 and a one year high of $65.58. The company has a debt-to-equity ratio of 2.96, a quick ratio of 1.30 and a current ratio of 1.31. The company has a fifty day moving average of $52.22 and a 200-day moving average of $49.60. The stock has a market capitalization of $34.47 billion, a PE ratio of 22.16, a price-to-earnings-growth ratio of 0.82 and a beta of 1.16.

Las Vegas Sands Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 15th. Investors of record on Tuesday, May 7th will be given a $0.20 dividend. The ex-dividend date of this dividend is Monday, May 6th. This represents a $0.80 dividend on an annualized basis and a yield of 1.74%. Las Vegas Sands’s dividend payout ratio (DPR) is 38.65%.

Analyst Ratings Changes

LVS has been the subject of several analyst reports. Deutsche Bank Aktiengesellschaft lowered their price objective on Las Vegas Sands from $66.00 to $62.00 and set a “buy” rating for the company in a research report on Thursday. Morgan Stanley increased their price objective on Las Vegas Sands from $61.00 to $62.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 9th. Jefferies Financial Group lowered their price objective on Las Vegas Sands from $54.00 to $53.00 and set a “hold” rating for the company in a research report on Thursday. Stifel Nicolaus lowered their price objective on Las Vegas Sands from $70.00 to $65.00 and set a “buy” rating for the company in a research report on Thursday. Finally, Citigroup increased their price objective on Las Vegas Sands from $74.00 to $75.00 and gave the stock a “buy” rating in a research report on Thursday. Two investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Las Vegas Sands currently has a consensus rating of “Moderate Buy” and a consensus target price of $64.47.

Insider Buying and Selling

In other Las Vegas Sands news, CEO Robert G. Goldstein sold 100,000 shares of the business’s stock in a transaction that occurred 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 transaction, the chief executive officer now owns 172,801 shares in the company, valued at approximately $8,996,020.06. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.91% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. MML Investors Services LLC raised its holdings in Las Vegas Sands by 1.9% during the first quarter. MML Investors Services LLC now owns 9,767 shares of the casino operator’s stock worth $561,000 after purchasing an additional 185 shares during the last quarter. Horizon Investments LLC boosted its position in shares of Las Vegas Sands by 4.3% in the 2nd quarter. Horizon Investments LLC now owns 4,964 shares of the casino operator’s stock worth $287,000 after buying an additional 204 shares in the last quarter. Baird Financial Group Inc. grew its stake in Las Vegas Sands by 0.7% in the 4th quarter. Baird Financial Group Inc. now owns 32,842 shares of the casino operator’s stock valued at $1,579,000 after acquiring an additional 216 shares during the last quarter. Industrial Alliance Investment Management Inc. increased its holdings in Las Vegas Sands by 16.4% during the 4th quarter. Industrial Alliance Investment Management Inc. now owns 1,560 shares of the casino operator’s stock valued at $75,000 after acquiring an additional 220 shares in the last quarter. Finally, Crossmark Global Holdings Inc. raised its position in Las Vegas Sands by 2.7% during the fourth quarter. Crossmark Global Holdings Inc. now owns 9,210 shares of the casino operator’s stock worth $454,000 after acquiring an additional 240 shares during the last quarter. 39.16% of the stock is owned by hedge funds and other institutional investors.

Las Vegas Sands Company Profile

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.