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

Las Vegas Sands (NYSE:LVS) posted 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. 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 analysts’ expectations of $2.94 billion. During the same quarter in the previous year, the firm earned $0.28 EPS. The firm’s revenue was up 34.9% compared to the same quarter last year.

Las Vegas Sands Price Performance

Shares of LVS stock traded up $0.44 during trading hours on Friday, hitting $46.32. The company had a trading volume of 2,519,611 shares, compared to its average volume of 4,580,970. Las Vegas Sands has a 12 month low of $43.77 and a 12 month high of $65.58. The firm has a market capitalization of $34.80 billion, a price-to-earnings ratio of 22.16, a PEG ratio of 0.82 and a beta of 1.16. The firm’s fifty day moving average is $52.22 and its 200 day moving average is $49.60. The company has a debt-to-equity ratio of 2.96, a quick ratio of 1.30 and a current ratio of 1.31.

Las Vegas Sands Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Tuesday, May 7th will be paid a $0.20 dividend. The ex-dividend date is Monday, May 6th. This represents a $0.80 annualized dividend and a dividend yield of 1.73%. Las Vegas Sands’s dividend payout ratio is currently 38.65%.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the company. Jefferies Financial Group cut 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. Barclays cut their price target on Las Vegas Sands from $60.00 to $59.00 and set an “overweight” rating for the company in a report on Thursday. Stifel Nicolaus cut their price target on Las Vegas Sands from $70.00 to $65.00 and set a “buy” rating for the company in a report on Thursday. JPMorgan Chase & Co. cut their price target on Las Vegas Sands from $59.00 to $55.00 and set an “overweight” rating for the company in a report on Thursday. Finally, Citigroup upped their price target on Las Vegas Sands from $74.00 to $75.00 and gave the company a “buy” rating in a report on Thursday. Two investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $64.47.

Insider Buying and Selling

In related news, CEO Robert G. Goldstein sold 100,000 shares of the 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 sale, the chief executive officer now directly owns 172,801 shares in the company, valued at approximately $8,996,020.06. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.91% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Las Vegas Sands

Large investors have recently bought and sold shares of the business. MML Investors Services LLC raised its stake in Las Vegas Sands by 1.9% during the 1st quarter. MML Investors Services LLC now owns 9,767 shares of the casino operator’s stock worth $561,000 after buying an additional 185 shares during the period. Horizon Investments LLC raised its stake in Las Vegas Sands by 4.3% during 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 during the period. Baird Financial Group Inc. raised its stake in Las Vegas Sands by 0.7% during the 4th quarter. Baird Financial Group Inc. now owns 32,842 shares of the casino operator’s stock worth $1,579,000 after buying an additional 216 shares during the period. Industrial Alliance Investment Management Inc. raised its stake 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 worth $75,000 after buying an additional 220 shares during the period. Finally, Crossmark Global Holdings Inc. raised its stake in Las Vegas Sands by 2.7% during the 4th quarter. Crossmark Global Holdings Inc. now owns 9,210 shares of the casino operator’s stock worth $454,000 after buying an additional 240 shares during the period. 39.16% of the stock is currently owned by institutional investors.

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.