Las Vegas Sands (NYSE:LVS) Posts Quarterly Earnings Results, Misses Estimates By $0.01 EPS

Las Vegas Sands (NYSE:LVS) issued its earnings results on Wednesday. The casino operator reported $0.55 EPS for the quarter, missing the consensus estimate of $0.56 by ($0.01), Briefing.com reports. The firm had revenue of $2.76 billion during the quarter, compared to analysts’ expectations of $2.82 billion. Las Vegas Sands had a return on equity of 43.61% and a net margin of 14.08%. The firm’s quarterly revenue was up 8.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.46 earnings per share.

Las Vegas Sands Stock Down 0.5 %

NYSE:LVS traded down $0.20 during trading hours on Friday, reaching $39.14. 2,227,116 shares of the company traded hands, compared to its average volume of 5,332,276. The company has a current ratio of 1.30, a quick ratio of 1.29 and a debt-to-equity ratio of 2.96. The business’s 50-day moving average price is $43.56 and its two-hundred day moving average price is $48.02. Las Vegas Sands has a 1 year low of $38.92 and a 1 year high of $60.47. The stock has a market capitalization of $29.16 billion, a P/E ratio of 19.00, a P/E/G ratio of 0.74 and a beta of 1.12.

Las Vegas Sands Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, August 14th. Stockholders of record on Tuesday, August 6th will be issued a dividend of $0.20 per share. The ex-dividend date is Tuesday, August 6th. This represents a $0.80 annualized dividend and a dividend yield of 2.04%. Las Vegas Sands’s payout ratio is 38.65%.

Hedge Funds Weigh In On Las Vegas Sands

Large investors have recently modified their holdings of the stock. Bank & Trust Co purchased a new position in Las Vegas Sands in the second quarter worth about $29,000. Delos Wealth Advisors LLC purchased a new stake in shares of Las Vegas Sands during the fourth quarter valued at $33,000. Venturi Wealth Management LLC increased its holdings in Las Vegas Sands by 150.4% in the 4th quarter. Venturi Wealth Management LLC now owns 681 shares of the casino operator’s stock worth $34,000 after buying an additional 409 shares in the last quarter. Mizuho Securities Co. Ltd. purchased a new position in Las Vegas Sands in the 4th quarter worth about $39,000. Finally, Accent Capital Management LLC purchased a new position in Las Vegas Sands in the 4th quarter worth about $39,000. Hedge funds and other institutional investors own 39.16% of the company’s stock.

Analyst Upgrades and Downgrades

LVS has been the topic of a number of analyst reports. JPMorgan Chase & Co. decreased their price objective on shares of Las Vegas Sands from $59.00 to $55.00 and set an “overweight” rating on the stock in a research report on Thursday, April 18th. Susquehanna cut their price objective on Las Vegas Sands from $59.00 to $51.00 and set a “positive” rating on the stock in a research report on Thursday. Deutsche Bank Aktiengesellschaft decreased their target price on Las Vegas Sands from $61.00 to $55.00 and set a “buy” rating for the company in a report on Thursday. Mizuho cut their price target on shares of Las Vegas Sands from $70.00 to $65.00 and set a “buy” rating on the stock in a report on Thursday, April 18th. Finally, Wells Fargo & Company decreased their price objective on shares of Las Vegas Sands from $58.00 to $53.00 and set an “overweight” rating for the company in a report on Thursday. Two research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $58.00.

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.