Las Vegas Sands (NYSE:LVS) Posts 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, beating analysts’ consensus estimates of $0.62 by $0.13, Briefing.com reports. Las Vegas Sands had a return on equity of 34.40% and a net margin of 11.77%. The firm had revenue of $2.86 billion for the quarter, compared to analysts’ expectations of $2.94 billion. During the same period in the previous year, the firm earned $0.28 EPS. The business’s quarterly revenue was up 34.9% on a year-over-year basis.

Las Vegas Sands Stock Performance

Shares of Las Vegas Sands stock opened at $50.23 on Thursday. The stock’s fifty day moving average is $52.37 and its two-hundred day moving average is $49.62. The company has a market capitalization of $37.74 billion, a PE ratio of 31.39, a price-to-earnings-growth ratio of 0.81 and a beta of 1.16. The company has a quick ratio of 1.30, a current ratio of 1.31 and a debt-to-equity ratio of 2.96. Las Vegas Sands has a 52 week low of $43.77 and a 52 week high of $65.58.

Las Vegas Sands Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, February 14th. Shareholders of record on Tuesday, February 6th were given a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 1.59%. The ex-dividend date was Monday, February 5th. Las Vegas Sands’s dividend payout ratio (DPR) is presently 50.00%.

Insider Buying and Selling at Las Vegas Sands

In other Las Vegas Sands news, CEO Robert G. Goldstein sold 100,000 shares of the company’s stock in a transaction on Friday, March 15th. The stock was sold at an average price of $52.06, for a total value of $5,206,000.00. Following the completion of the sale, the chief executive officer now directly owns 172,801 shares in the company, valued at approximately $8,996,020.06. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.91% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Las Vegas Sands

Hedge funds have recently made changes to their positions in the company. Coppell Advisory Solutions LLC purchased a new stake in shares of Las Vegas Sands in the 2nd quarter worth $29,000. Retirement Group LLC purchased a new stake in shares of Las Vegas Sands during the 4th quarter worth $31,000. Lazard Asset Management LLC lifted its stake in shares of Las Vegas Sands by 1,951.2% during the 3rd quarter. Lazard Asset Management LLC now owns 841 shares of the casino operator’s stock worth $38,000 after purchasing an additional 800 shares during the last quarter. Tyler Stone Wealth Management purchased a new stake in shares of Las Vegas Sands during the 2nd quarter worth $46,000. Finally, Dark Forest Capital Management LP lifted its stake in shares of Las Vegas Sands by 83,900.0% during the 1st quarter. Dark Forest Capital Management LP now owns 840 shares of the casino operator’s stock worth $48,000 after purchasing an additional 839 shares during the last quarter. 39.16% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms recently commented on LVS. StockNews.com raised Las Vegas Sands from a “hold” rating to a “buy” rating in a report on Wednesday, April 10th. Mizuho initiated coverage on Las Vegas Sands in a report on Tuesday, March 26th. They issued a “buy” rating and a $70.00 price target on the stock. Barclays lifted their price objective on Las Vegas Sands from $57.00 to $60.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 10th. Finally, Morgan Stanley lifted their price objective on Las Vegas Sands from $61.00 to $62.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 9th. Two analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat.com, Las Vegas Sands currently has an average rating of “Moderate Buy” and an average price target of $68.37.

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.