Las Vegas Sands (NYSE:LVS) Issues Earnings Results

Las Vegas Sands (NYSE:LVS) announced its earnings results on Wednesday. The casino operator reported $0.75 earnings per share 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 company had revenue of $2.86 billion for the quarter, compared to the consensus estimate of $2.94 billion. During the same period last year, the business posted $0.28 EPS. The company’s revenue was up 34.9% on a year-over-year basis.

Las Vegas Sands Stock Performance

NYSE LVS opened at $45.88 on Friday. 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 has a fifty-two week low of $43.77 and a fifty-two week high of $65.58. The business has a fifty day moving average of $52.22 and a 200-day moving average of $49.60. The stock has a market cap of $34.47 billion, a price-to-earnings 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 business also recently declared a quarterly dividend, which was paid on Wednesday, February 14th. Shareholders of record on Tuesday, February 6th were given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 1.74%. The ex-dividend date was Monday, February 5th. Las Vegas Sands’s payout ratio is 38.65%.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on LVS. Jefferies Financial Group lowered their price objective on shares of Las Vegas Sands from $54.00 to $53.00 and set a “hold” rating on the stock in a research report on Thursday. Deutsche Bank Aktiengesellschaft cut their price target on shares of Las Vegas Sands from $66.00 to $62.00 and set a “buy” rating for the company in a report on Thursday. Mizuho cut their target price on Las Vegas Sands from $70.00 to $65.00 and set a “buy” rating for the company in a research note on Thursday. StockNews.com upgraded Las Vegas Sands from a “hold” rating to a “buy” rating in a research note on Wednesday, April 10th. Finally, Wells Fargo & Company reduced their target price on Las Vegas Sands from $62.00 to $60.00 and set an “overweight” rating for the company in a report on Thursday. Two investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $64.47.

Insider Activity at Las Vegas Sands

In related news, CEO Robert G. Goldstein sold 100,000 shares of the business’s stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $52.06, for a total value of $5,206,000.00. Following the completion of the transaction, 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 filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.91% of the company’s stock.

Hedge Funds Weigh In On Las Vegas Sands

Institutional investors have recently modified their holdings of the company. Coppell Advisory Solutions LLC acquired a new stake in Las Vegas Sands during the second quarter worth approximately $29,000. Retirement Group LLC acquired a new stake in shares of Las Vegas Sands during the fourth quarter worth $31,000. Tyler Stone Wealth Management purchased a new stake in shares of Las Vegas Sands in the second quarter valued at $46,000. Dark Forest Capital Management LP grew its position in shares of Las Vegas Sands by 83,900.0% in the first 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 period. Finally, Lazard Asset Management LLC increased its stake in Las Vegas Sands by 1,951.2% in the third 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. Institutional investors and hedge funds 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.