Las Vegas Sands (NYSE:LVS) Announces Earnings Results

Las Vegas Sands (NYSE:LVS) posted its quarterly earnings data on Wednesday. The casino operator reported $0.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.62 by $0.13, Briefing.com reports. The firm had revenue of $2.86 billion during the quarter, compared to the consensus estimate of $2.94 billion. Las Vegas Sands had a net margin of 13.99% and a return on equity of 41.81%. The business’s revenue for the quarter was up 34.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.28 EPS.

Las Vegas Sands Trading Down 0.9 %

NYSE:LVS opened at $45.46 on Friday. The firm has a market cap of $34.15 billion, a P/E ratio of 21.96, a P/E/G ratio of 0.75 and a beta of 1.16. Las Vegas Sands has a 52 week low of $43.77 and a 52 week high of $65.58. The firm’s fifty day moving average is $52.06 and its 200-day moving average is $49.59. 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 Announces Dividend

The company 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. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.76%. The ex-dividend date of this dividend is Monday, May 6th. Las Vegas Sands’s dividend payout ratio is currently 38.65%.

Insider Buying and Selling

In related news, CEO Robert G. Goldstein sold 100,000 shares of the stock in a transaction on Friday, March 15th. The shares were sold at an average price of $52.06, for a total transaction of $5,206,000.00. Following the transaction, the chief executive officer now directly owns 172,801 shares of the company’s stock, valued at $8,996,020.06. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.91% of the stock is owned by insiders.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Coppell Advisory Solutions LLC purchased a new stake in shares of Las Vegas Sands in the second quarter valued at about $29,000. Retirement Group LLC purchased a new stake in shares of Las Vegas Sands in the fourth quarter valued at about $31,000. Tyler Stone Wealth Management purchased a new stake in shares of Las Vegas Sands in the second quarter valued at about $46,000. Dark Forest Capital Management LP raised its holdings 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 last quarter. Finally, Lazard Asset Management LLC raised its holdings in shares of 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. 39.16% of the stock is owned by institutional investors.

Analyst Ratings Changes

LVS has been the subject of a number of recent analyst reports. Morgan Stanley upped their price target on shares of Las Vegas Sands from $61.00 to $62.00 and gave the stock an “overweight” rating in a report on Tuesday, April 9th. Barclays cut their price target on shares of Las Vegas Sands from $60.00 to $59.00 and set an “overweight” rating for the company in a report on Thursday. Jefferies Financial Group cut their price target on shares of Las Vegas Sands from $54.00 to $53.00 and set a “hold” rating for the company in a report on Thursday. Citigroup upped their price target on shares of Las Vegas Sands from $74.00 to $75.00 and gave the stock a “buy” rating in a report on Thursday. Finally, JPMorgan Chase & Co. cut their price target on shares of Las Vegas Sands from $59.00 to $55.00 and set an “overweight” rating for the company in a report on Thursday. Two equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $64.47.

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.