Las Vegas Sands (NYSE:LVS) posted its quarterly earnings data on Tuesday. The casino operator reported ($0.26) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.17) by ($0.09), RTT News reports. The company had revenue of $1.17 billion for the quarter, compared to analysts’ expectations of $1.39 billion. Las Vegas Sands had a negative return on equity of 47.40% and a negative net margin of 64.84%. The firm’s revenue was up 1096.9% compared to the same quarter last year. During the same period in the prior year, the company posted ($1.05) EPS.
NYSE:LVS traded down $1.63 during mid-day trading on Thursday, reaching $47.79. The stock had a trading volume of 652,508 shares, compared to its average volume of 6,156,530. The company has a quick ratio of 2.27, a current ratio of 2.28 and a debt-to-equity ratio of 4.52. The stock has a market cap of $36.51 billion, a price-to-earnings ratio of -18.61 and a beta of 1.42. Las Vegas Sands has a twelve month low of $42.58 and a twelve month high of $66.76. The firm’s 50 day moving average price is $54.10.
Several equities analysts recently commented on LVS shares. Credit Suisse Group increased their target price on Las Vegas Sands from $58.00 to $69.00 and gave the company an “outperform” rating in a report on Thursday, April 22nd. Jefferies Financial Group raised their price objective on Las Vegas Sands from $66.00 to $71.00 and gave the stock a “buy” rating in a report on Monday, April 19th. Zacks Investment Research upgraded shares of Las Vegas Sands from a “sell” rating to a “hold” rating and set a $63.00 target price for the company in a research note on Tuesday, March 30th. Stifel Nicolaus decreased their target price on shares of Las Vegas Sands from $77.00 to $65.00 and set a “buy” rating for the company in a research note on Thursday. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $73.00 target price on shares of Las Vegas Sands in a research note on Thursday. Seven analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $60.46.
Las Vegas Sands Corp., together with its subsidiaries, develops, owns, and operates integrated resorts in Asia and the United States. 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.
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