Las Vegas Sands (NYSE:LVS) Posts Earnings Results

Las Vegas Sands (NYSE:LVS) issued its quarterly earnings results on Wednesday. The casino operator reported $0.54 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.68 by ($0.14), FiscalAI reports. The business had revenue of $3.22 billion during the quarter, compared to analyst estimates of $3.33 billion. Las Vegas Sands had a return on equity of 133.90% and a net margin of 12.59%.

Las Vegas Sands Stock Performance

Shares of LVS traded down $0.70 during mid-day trading on Wednesday, hitting $37.47. The stock had a trading volume of 6,043,827 shares, compared to its average volume of 5,088,096. The company’s fifty day simple moving average is $41.40 and its two-hundred day simple moving average is $46.98. Las Vegas Sands has a fifty-two week low of $35.28 and a fifty-two week high of $70.45. The company has a market cap of $24.27 billion, a PE ratio of 14.58, a PEG ratio of 0.94 and a beta of 0.78. The company has a quick ratio of 0.99, a current ratio of 1.00 and a debt-to-equity ratio of 15.27.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on LVS. Wall Street Zen downgraded Las Vegas Sands from a “buy” rating to a “hold” rating in a report on Sunday, July 12th. Stifel Nicolaus dropped their target price on Las Vegas Sands from $60.00 to $54.00 and set a “buy” rating on the stock in a report on Tuesday. Seaport Research Partners reduced their price target on Las Vegas Sands from $69.00 to $59.00 and set a “buy” rating on the stock in a research report on Thursday, July 23rd. Bank of America decreased their price target on Las Vegas Sands from $70.00 to $60.00 and set a “neutral” rating for the company in a report on Monday, July 20th. Finally, Barclays lowered their price objective on shares of Las Vegas Sands from $59.00 to $57.00 and set an “overweight” rating for the company in a research report on Friday, October 9th. Eleven analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Las Vegas Sands currently has a consensus rating of “Moderate Buy” and a consensus price target of $57.69.

About Las Vegas Sands

Las Vegas Sands Corp. (NYSE: LVS) is a global developer and operator of integrated resorts, combining hotel accommodations, casinos, convention and exhibition facilities, restaurants, retail outlets, entertainment venues and other leisure amenities. The company serves both mass-market and premium customers through large-scale properties designed to support tourism and business travel.

Las Vegas Sands’ principal operations are in Macau and Singapore. Its Macau portfolio includes properties such as The Venetian Macao, The Londoner Macao, The Parisian Macao, Sands Macao and The Plaza Macao.