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

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

Las Vegas Sands Trading Up 0.7 %

LVS opened at $43.52 on Thursday. The company has a debt-to-equity ratio of 3.09, a current ratio of 0.90 and a quick ratio of 0.89. The company’s 50 day simple moving average is $50.06 and its two-hundred day simple moving average is $46.72. The firm has a market capitalization of $31.55 billion, a price-to-earnings ratio of 21.54, a price-to-earnings-growth ratio of 1.00 and a beta of 1.09. Las Vegas Sands has a 1-year low of $36.62 and a 1-year high of $56.60.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. Stifel Nicolaus boosted their price objective on Las Vegas Sands from $55.00 to $64.00 and gave the company a “buy” rating in a research report on Thursday, October 24th. Deutsche Bank Aktiengesellschaft cut their price target on shares of Las Vegas Sands from $66.00 to $62.00 and set a “buy” rating for the company in a report on Wednesday. Barclays decreased their price objective on shares of Las Vegas Sands from $61.00 to $58.00 and set an “overweight” rating on the stock in a report on Wednesday. Susquehanna boosted their target price on shares of Las Vegas Sands from $51.00 to $59.00 and gave the stock a “positive” rating in a research note on Wednesday, October 16th. 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 stock from $60.00 to $69.00 in a research report on Friday, January 3rd. Four equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average 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 24,324 shares of the business’s stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $52.00, for a total value of $1,264,848.00. Following the transaction, the chief executive officer now directly owns 60,187 shares in the company, valued at $3,129,724. The trade was a 28.78 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Robert G. Goldstein sold 60,187 shares of the firm’s stock in a transaction that occurred on Friday, November 29th. The stock was sold at an average price of $53.02, for a total transaction of $3,191,114.74. The disclosure for this sale can be found here. Insiders own 0.91% of the company’s stock.

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.