Las Vegas Sands (NYSE:LVS) Announces Earnings Results

Las Vegas Sands (NYSE:LVS) posted its earnings results on Wednesday. The casino operator reported $0.55 earnings per share for the quarter, missing the consensus estimate of $0.56 by ($0.01), Briefing.com reports. The firm had revenue of $2.76 billion during the quarter, compared to analyst estimates of $2.82 billion. Las Vegas Sands had a net margin of 14.08% and a return on equity of 43.61%. The business’s revenue for the quarter was up 8.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.46 earnings per share.

Las Vegas Sands Stock Performance

Shares of NYSE LVS traded down $0.20 during midday trading on Friday, reaching $39.14. 2,227,116 shares of the company were exchanged, compared to its average volume of 5,332,276. The stock has a market cap of $29.16 billion, a P/E ratio of 19.00, a PEG ratio of 0.74 and a beta of 1.12. Las Vegas Sands has a 1 year low of $38.92 and a 1 year high of $60.47. The stock has a fifty day simple moving average of $43.56 and a 200 day simple moving average of $48.02. The company has a current ratio of 1.30, a quick ratio of 1.29 and a debt-to-equity ratio of 2.96.

Las Vegas Sands Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, August 14th. Stockholders of record on Tuesday, August 6th will be issued a $0.20 dividend. The ex-dividend date of this dividend is Tuesday, August 6th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.04%. Las Vegas Sands’s payout ratio is 38.65%.

Wall Street Analysts Forecast Growth

LVS has been the topic of a number of research analyst reports. Macquarie reduced their target price on Las Vegas Sands from $58.00 to $56.00 and set an “outperform” rating on the stock in a research report on Thursday. Morgan Stanley lowered their target price on shares of Las Vegas Sands from $59.00 to $55.00 and set an “overweight” rating for the company in a research note on Friday, July 12th. Susquehanna decreased their price objective on shares of Las Vegas Sands from $59.00 to $51.00 and set a “positive” rating on the stock in a report on Thursday. Jefferies Financial Group dropped their target price on shares of Las Vegas Sands from $53.00 to $47.00 and set a “hold” rating for the company in a report on Thursday, July 11th. Finally, Barclays decreased their price target on Las Vegas Sands from $57.00 to $52.00 and set an “overweight” rating on the stock in a research note on Thursday. Two investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat.com, Las Vegas Sands presently has an average rating of “Moderate Buy” and an average price target of $58.00.

Institutional Trading of Las Vegas Sands

Hedge funds have recently added to or reduced their stakes in the stock. Bank & Trust Co purchased a new stake in shares of Las Vegas Sands during the second quarter worth approximately $29,000. Delos Wealth Advisors LLC acquired a new position in Las Vegas Sands in the 4th quarter valued at $33,000. Venturi Wealth Management LLC raised its position in Las Vegas Sands by 150.4% during the 4th quarter. Venturi Wealth Management LLC now owns 681 shares of the casino operator’s stock worth $34,000 after buying an additional 409 shares during the last quarter. Mizuho Securities Co. Ltd. acquired a new stake in shares of Las Vegas Sands in the 4th quarter worth $39,000. Finally, Accent Capital Management LLC purchased a new stake in shares of Las Vegas Sands in the fourth quarter valued at about $39,000. 39.16% of the stock is owned by institutional investors and hedge funds.

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.