Las Vegas Sands (NYSE:LVS) Posts Earnings Results

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

Las Vegas Sands Trading Up 0.7 %

NYSE:LVS traded up $0.29 during mid-day trading on Wednesday, hitting $43.52. The company had a trading volume of 9,235,168 shares, compared to its average volume of 4,825,880. The firm has a market cap of $31.55 billion, a P/E ratio of 21.54, a P/E/G ratio of 1.00 and a beta of 1.09. Las Vegas Sands has a fifty-two week low of $36.62 and a fifty-two week high of $56.60. The business’s fifty day moving average is $50.06 and its two-hundred day moving average is $46.72. The company has a debt-to-equity ratio of 3.09, a quick ratio of 0.89 and a current ratio of 0.90.

Insider Activity

In other news, CEO Robert G. Goldstein sold 60,187 shares of the company’s stock in a transaction that occurred on Friday, November 29th. The shares were sold at an average price of $53.02, for a total value of $3,191,114.74. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Robert G. Goldstein sold 24,324 shares of the firm’s stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $52.00, for a total transaction of $1,264,848.00. Following the sale, the chief executive officer now owns 60,187 shares in the company, valued at approximately $3,129,724. The trade was a 28.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.91% of the stock is currently owned by company insiders.

Analyst Ratings Changes

LVS has been the topic of a number of research analyst reports. Morgan Stanley restated an “equal weight” rating and set a $51.00 price target (down from $54.00) on shares of Las Vegas Sands in a research report on Tuesday, January 14th. UBS Group raised their target price on Las Vegas Sands from $49.00 to $50.00 and gave the company a “neutral” rating in a research note on Tuesday, November 5th. Wells Fargo & Company upped their price target on shares of Las Vegas Sands from $53.00 to $60.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 1st. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Las Vegas Sands from $66.00 to $62.00 and set a “buy” rating for the company in a research report on Wednesday. Finally, Jefferies Financial Group upgraded shares of Las Vegas Sands from a “hold” rating to a “buy” rating and upped their target price for the stock from $60.00 to $69.00 in a research report on Friday, January 3rd. Four 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 company has an average rating of “Moderate Buy” and a consensus target price of $60.33.

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.