Las Vegas Sands (NYSE:LVS) Posts Quarterly Earnings Results, Misses Estimates By $0.04 EPS

Las Vegas Sands (NYSE:LVS) issued its earnings results on Wednesday. The casino operator reported $0.54 earnings per share for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.04), Zacks reports. Las Vegas Sands had a return on equity of 44.26% and a net margin of 13.29%.

Las Vegas Sands Price Performance

NYSE LVS traded up $0.29 during trading on Wednesday, hitting $43.52. 9,235,168 shares of the company’s stock were exchanged, compared to its average volume of 4,825,880. The stock’s 50 day moving average price is $50.06 and its two-hundred day moving average price is $46.72. Las Vegas Sands has a fifty-two week low of $36.62 and a fifty-two week high of $56.60. The company has a current ratio of 0.90, a quick ratio of 0.89 and a debt-to-equity ratio of 3.09. The company has a market cap of $31.55 billion, a PE ratio of 21.54, a P/E/G ratio of 1.00 and a beta of 1.09.

Analysts Set New Price Targets

Several research analysts have recently weighed in on LVS shares. Mizuho boosted their price objective on shares of Las Vegas Sands from $52.00 to $57.00 and gave the stock an “outperform” rating in a research note on Thursday, October 24th. Susquehanna raised their price objective on Las Vegas Sands from $51.00 to $59.00 and gave the company a “positive” rating in a research report on Wednesday, October 16th. Deutsche Bank Aktiengesellschaft dropped their price target on Las Vegas Sands from $66.00 to $62.00 and set a “buy” rating on the stock in a research note on Wednesday. UBS Group increased their price objective on shares of Las Vegas Sands from $49.00 to $50.00 and gave the company a “neutral” rating in a research report on Tuesday, November 5th. Finally, Jefferies Financial Group upgraded shares of Las Vegas Sands from a “hold” rating to a “buy” rating and upped their price target for the company from $60.00 to $69.00 in a research note on Friday, January 3rd. Four investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $60.33.

Insider Activity at Las Vegas Sands

In other Las Vegas Sands news, CEO Robert G. Goldstein sold 60,187 shares of the company’s stock in a transaction that occurred on Friday, November 29th. The shares were sold at an average price of $53.02, for a total value of $3,191,114.74. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Robert G. Goldstein sold 24,324 shares of the business’s stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $52.00, for a total transaction of $1,264,848.00. Following the completion of the sale, the chief executive officer now directly owns 60,187 shares in the company, valued at approximately $3,129,724. This represents a 28.78 % decrease in their position. The disclosure for this sale can be found here. 0.91% of the stock is currently owned by insiders.

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.